Business

4:49am

Mon November 19, 2012
Business

Hostess Brands To Begin Selling Its Assets

Originally published on Tue November 20, 2012 10:38 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business: Twinkie rush.

Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.

LINDA WERTHEIMER, HOST:

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4:49am

Mon November 19, 2012
Law

BP Legal Troubles Persist Over Gulf Spill

Originally published on Tue November 20, 2012 10:38 am

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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4:49am

Mon November 19, 2012
Business

Business News

Originally published on Tue November 20, 2012 10:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with credit card debt rising.

(SOUNDBITE OF MUSIC)

MONTAGNE: Americans are running up more debt on their credit cards, and that could be a good sign. The average American had almost $5,000 of credit card debt in the third quarter of 2012, up almost 5 percent over the previous quarter.

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3:27am

Mon November 19, 2012
Business

The Past And Future Of America's Biggest Retailers

Originally published on Tue November 20, 2012 10:38 am

This is among the first Target stores. The company now operates 1,782 stores across the United States.
Courtesy of Target

It's an anniversary that most Americans can celebrate — the birthday of the big-box store. Discount shopping as we know it began 50 years ago. In 1962, enterprising retailers invented Wal-Mart, Target and Kmart.

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5:50am

Sun November 18, 2012
Business

Tesla Revived The Electric Car, But Can It Sell It?

Originally published on Sun November 18, 2012 2:13 pm

Tesla workers cheer on the first Tesla Model S cars sold during a rally at the Tesla factory in Fremont, Calif., in June.
Paul Sakuma AP

The American auto industry has a new darling, but it doesn't come from the Big Three or even Motor City. Instead, it comes from the West Coast — Silicon Valley, to be precise.

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4:57pm

Fri November 16, 2012
The Salt

EPA Says Its Ethanol Rules Aren't Driving Up Food Prices

Originally published on Sun November 18, 2012 3:47 pm

A sign on the pump advertises the ethanol content of the gasoline as a motorist reaches for the gas pump in his truck at a filling station in Bellmead, Texas.
LM Otero AP

The ethanol industry is happy with the Environmental Protection Agency today. If you're worried about the price of meat, though, you may not be so pleased.

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4:02pm

Fri November 16, 2012
Business

Hostess To Sell Off Its Brands After 82 Years

Originally published on Fri November 16, 2012 8:07 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. The Twinkie, the snack cake with incredible staying power on the shelf and in the marketplace, may have reached its expiration date. Hostess Brands says it is liquidating, going out of business after 82 years. The company wants to sell off all of its brands. The decision comes one week after a strike.

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1:25pm

Fri November 16, 2012
The Two-Way

FHA Announces Moves Designed To Avoid Taxpayer Bailout

Originally published on Fri November 16, 2012 2:40 pm

HUD Secretary Shaun Donovan in May of 2012.
Win McNamee Getty Images

The Federal Housing Administration is on track to run out of money next September and may need a taxpayer bailout, an audit released today found.

Responding to the audit, however, the Obama administration announced a series of measures that they hope will raise enough revenue to keep the agency from seeking government help.

The Wall Street Journal explains:

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10:57am

Fri November 16, 2012
Planet Money

Hidden Housing Subsidy May Soon Come Out Of Hiding

Originally published on Fri November 16, 2012 2:47 pm

Lam Thuy Vo NPR

The federal government has all these ways of paying people to buy houses without actually, you know, paying people to buy houses.

We've talked a lot about two examples of this:

1. The mortgage-interest tax deduction is effectively a government payment to people who are paying a mortgage.

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9:23am

Fri November 16, 2012
The Two-Way

East German Political Prisoners Made Some Of Its Products, IKEA Admits

Denis Charlet AFP/Getty Images

News outlets in German and Sweden have been reporting for the past year that some of the products made in past decades for Swedish furniture giant IKEA were produced by political prisoners in Cold War-era East Germany.

Today, IKEA conceded that the reports are true and that some of its "representatives" were aware of what was happening.

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