NPR's business news starts with Suzuki pulling out of the U.S.
Japan's Suzuki Motor Corporation has been selling cars in America for almost three decades. But unlike Toyota or Honda, it never managed to win over masses of American consumers. The company has the smallest American market share among the big Asian automakers. And when its current inventory runs out the company will no longer sell cars here at all. It will file for Chapter 11 bankruptcy protection instead.
Eastman Kodak received approval yesterday to end retiree benefits by year's end. The ruling in a New York State court will save the company millions as it emerges from bankruptcy. It will also mean higher health care costs for thousands of retirees and their families.
Carlet Cleare of member station WXXI reports.
CARLET CLEARE, BYLINE: Retiree Alyce Hahn says Kodak's decision and yesterday's court ruling has left her with a sense of betrayal.
Millions of Americans stand in line today to vote. Last night, thousands of Americans lined up to buy one of the most anticipated new video games of the year. "Halo 4" is the latest installment of the popular franchise for the Microsoft Xbox 360. Some younger gamers refer to "Halo" as their "Star Wars," a cultural touchstone. Now, after a five-year hiatus, the game's hero - the Master Chief - returns.
If you bought a Hyundai or Kia over the past three years, you could soon be getting some money back from the two automakers.
The Environmental Protection Agency says the South Korean carmakers, owned by the same parent company, overstated the gas mileage on 900,000 vehicles over the past three years. The EPA discovered the bloated figures during an audit of gas mileage tests undertaken by the companies. The agency said last week it was investigating how the carmakers arrived at the numbers.
Robert Siegel talks with Geoffrey Fowler, a reporter with the Wall Street Journal, about popular ride-sharing and taxi apps like Uber and SideCar. They've begun to run afoul of state and local regulators as they've grown into a convenient alternative to hailing a cab the old-fashioned way.
In New York, it takes an average of about three years for a bank to foreclose on a house.
In Texas, it takes about three months.
That's a huge, huge difference, and it's largely by design. About half the states in the country, including New York, require foreclosures to go through the courts. This slows down the process, and is intended to reduce the risk of someone being wrongly foreclosed on. In the other half of the country, including Texas, a third-party trustee can foreclose without going through the courts.
This is TALK OF THE NATION. I'm Neal Conan in Washington. Over the past few years, the definition of work has changed in parts of the American economy. More and more restaurants and retailers have half as many full-time workers as they used to and twice as many part-time. They save money on pay and benefits, and they use new technology to schedule part-timers based on the season, the time of day or even on the temperature.
A law degree used to pretty much guarantee a stable job. But journalist Elizabeth Lesly Stevens reports that thousands of law students are going into an industry that no longer has room for them. Stevens discusses her article with host Michel Martin, and they hear from NPR Facebook fans about whether a law degree is still worth it.