Business

5:04am

Fri November 2, 2012
Business

Labor Department To Release Jobs Report

Originally published on Fri November 2, 2012 11:43 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renée Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. It's a busy Friday morning before the election. Around 8:30 Eastern Time the government releases the final monthly snapshot of the job market before the election.

MONTAGNE: Last month the unemployment rate dropped to 7.8 percent, the lowest in years. This month analysts expect the number may tic up again, though a separate survey may show another net gain in total people employed.

Read more

5:04am

Fri November 2, 2012
Business

Chrysler Hit Sales Milestone In October

Originally published on Fri November 2, 2012 11:43 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Chrysler sales.

(SOUNDBITE OF MUSIC)

MONTAGNE: Chrysler is again in the news. Today it's not for political reasons, but because the Detroit automaker is selling cars, a lot of them. Chrysler had it best October sales in five years. And Automotive magazine has named Chrysler's CEO its man of the year.

STEVE INSKEEP, HOST:

NPR's Sonari Glinton reports.

SONARI GLINTON, BYLINE: When auto industry people talk about Chrysler's CEO Sergio Marchionne, they tend to gush.

Read more

5:04am

Fri November 2, 2012
The Salt

After Sandy, It's Pizza And Homemade Meatballs For The Lucky In New Jersey

Originally published on Fri November 2, 2012 11:43 am

While this pizzeria in Belmar, N.J., remained closed after Hurricane Sandy, Geno D's in Toms River turned out 500 pies to grateful customers on Wednesday.
Michael Loccisano Getty Images

The produce aisle may not yet be restocked at the Stop & Shop in Toms River, N.J., and other perishables may still be hard to come by. But rest assured, the local pizza joint is hopping.

"We've been busy, very busy," says Marissa Henderson, granddaughter of the proprietor of Geno D's pizzeria in Toms River. It was one of the few restaurants open in the area in the wake of the hurricane that rolled through earlier this week.

Read more

5:35pm

Thu November 1, 2012
U.S.

Manhattan Businesses Struggle Until Power Returns

Originally published on Fri November 2, 2012 1:01 pm

Paul Nicaj, who owns Battery Gardens Restaurant on the southern tip of Manhattan, says Superstorm Sandy will cost him a few hundred thousand dollars, including income from two weddings that may have to be cancelled this weekend.
Ailsa Chang NPR

Lower Manhattan continues to slog through another day without electricity, and it's taking a toll on businesses that have been shuttered since the storm hit. No electricity means no lights, no credit card machines, no heating and no refrigerators to keep food fresh, so local shops and restaurants are waiting desperately for the power to turn back on.

Read more

3:05pm

Thu November 1, 2012
The Salt

Sandy's Damage Under The Sea, Through The Eyes Of Oyster Farmers

Originally published on Thu November 1, 2012 3:09 pm

What they pull up is discouraging. Normally, 30 seconds under water would bring up a cage full of mostly healthy oysters. This time, Jimmy Bloom pulls up a cage that is barely one-third full. And it's haul is a mix of broken, chipped, meatless oysters.
Jeff Cohen for NPR

Connecticut Gov. Dannel Malloy wrapped up a post Hurricane Sandy news briefing earlier this week by talking about sewage discharges into Long Island Sound. "Suffice to say in the immediate time being, no one should eat the clams or oysters," he said.

That's right. Because of water quality issues, the state put a temporary stop to oyster farming, but that's usually a short-term thing and it happens fairly regularly after a big storm.

Read more

10:30am

Thu November 1, 2012
The Two-Way

Consumer Confidence Hits Highest Point In Nearly Five Years

Originally published on Thu November 1, 2012 10:39 am

"Black Friday" 2011 in Manhattan. Will consumers come out in force this holiday season? Their confidence was high in October.
Michael Nagle Getty Images

By at least one measure, in October consumers were the most confident they've been since February 2008, the private Conference Board reports.

Read more

9:02am

Thu November 1, 2012
The Two-Way

Some Mixed Signals From Latest Jobs Numbers

Job seekers were on line at a career fair in Manhattan back in August.
John Moore Getty Images

Three closely watched employment indicators are out this morning:

-- Unemployment Benefits. There were 363,000 first-time claims for jobless benefits last week, down from 372,000 the week before, the Employment and Training Administration says. So, as they have all year, claims remain in a range between 350,000 and 400,000.

Read more

5:10am

Thu November 1, 2012
Business

GM Quarterly Earnings Exceed Expectations

Originally published on Thu November 1, 2012 6:41 am

Even facing economic headwinds in Europe and South America, GM's quarterly earnings came in well above analysts' estimates, and its stock soared.

5:06am

Thu November 1, 2012
Business

Help Wanted In Switzerland: Hunting Tax Cheats

Originally published on Thu November 1, 2012 6:41 am

Transcript

RENEE MONTAGNE, HOST:

And while we're on the subject of tax evasion, our last word in business today is: Help wanted.

Switzerland is looking for more staff to handle a flood of new requests from other countries that are looking for tax cheats.

STEVE INSKEEP, HOST:

Read more

5:06am

Thu November 1, 2012
Business

The Complicated Economic Impact Of Sandy

Originally published on Thu November 1, 2012 6:41 am

Transcript

STEVE INSKEEP, HOST:

Sandy is likely to go down as one of the costliest storms in U.S. history. The initial estimates of the losses are anywhere from $20 billion to $50 billion. But as NPR's Jim Zarroli reports, the impact on the economy is more complicated than it may appear. Some companies will even make money.

JIM ZARROLI, BYLINE: Economist Greg Daco has been tallying the potential costs of Hurricane Sandy and he says there's no question it's going to hurt the economy more than it will help it.

Read more

Pages