NPR's business news starts with an airline refund.
Refunds are starting to arrive in the bank accounts of Southwest Airlines' customers who were billed multiple times for promotional fares booked on Friday. Some customers paid for their discounted air travel as many as 20 times, according to the Associated Press. The company blamed the problem on a computer glitch.
A lot is at stake in the current election, but no matter who wins, the victor will stay committed to policies that cripple the middle class. That's according to Pulitzer Prize-winning reporters Donald Barlett and James Steele, who've been covering the middle class for decades.
In their new book, The Betrayal of the American Dream, Barlett and Steele criticize a government obsessed with free trade and indifferent toward companies that outsource jobs.
Ninety-eight percent of medal winners that year wore the company's LZR Racer, a zip-sealed full-body suit that carried many top athletes — including Michael Phelps — to gold.
But after those games, the sport's international governing body changed the rules to outlaw the LZR by banning zippers and restricting mens' suit coverage from the navel to the knees. So Speedo went back to the drawing board and spent years developing what's now known as the Fastskin3 system.
No one's entirely sure where the Southern treat called the Goo Goo Cluster got its name.
The iconic candy from Nashville, Tenn., celebrates its 100th birthday this year. The confection of marshmallow, peanuts and caramel wrapped in milk chocolate may owe its longevity in part to another Nashville icon: the Grand Ole Opry.
Goo Goo Cluster sponsored the venue's radio broadcasts from 1966 until 2006. In one popular advertisement, stage performers crooned, "Go get a Goo Goo ... it's gooooooood!"
The stock market rallied on Friday's jobs report, with the Dow Jones industrial average jumping more than 200 points. But what do the numbers mean for the political stocks of President Obama and his Republican challenger, Mitt Romney? That's harder to measure.
The monthly jobs numbers are important — really important. They tell everyone from manufacturers to stock traders how the economy is doing. Billions of dollars ride on the jobs numbers.
Get them early, and you'd have everything you need to make a quick fortune. And once — just once, as far as anyone knows — someone did get them early.
On today's show, we talk to the guy who got the numbers before everyone else. And we learn the crazy lengths the government now goes to in order to keep those numbers secret until it's time to release them.
A court battle between Apple and Samsung is underway in California, with each side arguing over intricate patent and trademark claims covering how the companies' phones and tablets work, look, and feel. Robin Feldman, professor at the UC Hastings College of the Law, explains some of the key issues in the court case and how it might affect the technology industry.
Credit Obama - J. Samad, Getty / Romney - E. Vucci, AP
(Revised @ 1:48 pm ET)
With only three monthly jobs reports left before Nov. 6, President Obama needs every piece of good economic news he can get to add to his argument for re-election.
Friday's employment report certainly provided some. The Labor Department reported that the economy added an unexpectedly strong 163,000 jobs in July. Forecasters had predicted that the economy would add as many as 100,000 jobs, so the report took most everyone by surprise.
The jobs gain was the best in five months and was much better than the revised estimated of growth for June — a gain of just 64,000 jobs. But it wasn't good enough to keep the jobless rate from rising slightly. In June, it stood at 8.2 percent.