Business

11:56am

Tue December 11, 2012
Money Coach

'Tis The Season To Avoid Charity Scams

Originally published on Thu December 20, 2012 11:13 am

Transcript

MICHEL MARTIN, HOST:

Now we'd like to talk about those new unemployment numbers. Last week, we learned that the national unemployment rate has dropped to 7.7 percent. That's the lowest level in four years. But the cheering hasn't started for one group of people, the youngest workers, or would-be workers.

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11:56am

Tue December 11, 2012
Economy

You're Hired! Apprenticeships And Unemployed Youth

Originally published on Thu December 20, 2012 11:13 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE, from NPR News. Later in the program, you might think of apprenticeships as something out of the era of blacksmithing and barrel-making, but our next guest says it's time for this type of employment to make a comeback.

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11:53am

Tue December 11, 2012
The Two-Way

Delta Makes Deal To Buy 49 Percent Of Virgin Atlantic

Two bag tags that may soon be together a lot.
Photo illustration by Christopher Furlong Getty Images

Looking to grab more of "the lucrative New York-to-London market," Delta Air Lines said today that it plans to spend $360 million for a 49 percent stake in Virgin Atlantic.

As USA Today writes:

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6:36am

Tue December 11, 2012
Business

Climbing Corporate Ladder Is Slow Going For Women

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

A new report out this morning finds women are still not making much progress moving up the corporate ladder. Only a small number of senior executives at Fortune 500 companies are women, and the nonprofit group Catalyst shows the number has not changed much in years. NPR's Wendy Kaufman reports.

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6:36am

Tue December 11, 2012
Business

Could The Opportunity Credit Be Eliminated?

Originally published on Tue December 11, 2012 10:55 am

Transcript

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

DAVID GREENE, HOST:

As we head into the holiday season, political leaders are un-merrily locked in a battle over how to cut federal spending and raise revenue - and this could mean meddling with tax deductions that many Americans hold dear.

RENEE MONTAGNE, HOST:

So this week and next, we're taking a closer look at individual deductions and tax credits that might be on the chopping block.

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

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6:36am

Tue December 11, 2012
Business

Business News

Originally published on Tue December 11, 2012 10:55 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a controversial battery buy.

(SOUNDBITE OF MUSIC)

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6:36am

Tue December 11, 2012
Business

HSBC Agrees to Settle Money-Laundering Case

Originally published on Tue December 11, 2012 10:55 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

British banking giant, HSBC, will pay 1.9 billion dollars to the U.S. to settle allegations of money laundering. In a statement released overnight, the bank said it accepts responsibility for past mistakes. U.S. officials will have further details of the settlement later today. NPR's Jim Zarroli has more.

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6:36am

Tue December 11, 2012
Business

The Last Word In Business

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: lost down under.

Back in September, iPhone users slammed Apple for its new map app, which replaced Google Maps in a software update.

DAVID GREENE, HOST:

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3:17am

Tue December 11, 2012
Around the Nation

Detroit Tries To Stave Off State Takeover Of Finances

Originally published on Tue December 11, 2012 10:55 am

Detroit Mayor Dave Bing delivers his State of the City address on March 7. If Bing and the City Council can't agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power over Detroit's finances.
Carlos Osorio AP

Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.

It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.

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5:55pm

Mon December 10, 2012
The Two-Way

U.S. Treasury To Sell Remaining Stake In AIG

Originally published on Mon December 10, 2012 6:04 pm

In a statement on Monday, the U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234,169,156 common stock shares in insurer American International Group Inc., better known as AIG.

The U.S. government bought the controlling stake in the company as part of the $182 billion bank bailout in 2008. The sale would bring an end to the government's run as the company's largest shareholder, which represented a 16-percent ownership in the company.

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