Business

5:06am

Thu November 15, 2012
Business

Thompson Takes Over New York Times Company

Originally published on Thu November 15, 2012 6:58 am

This week marks the start of Mark Thompson's tenure as the new chief executive officer at the New York Times Co. It is facing financial head-winds, and is hoping Thompson can recapture some of the success he enjoyed in leading the BBC. But there's concern within the Times that its new leader has been tainted by scandals at his old employer.

4:04am

Thu November 15, 2012
Planet Money

Why Coke Cost A Nickel For 70 Years

Originally published on Mon November 19, 2012 2:04 pm

An oilcloth sign advertising Coca-Cola from 1905.
The Coca-Cola Company

Prices change; that's fundamental to how economies work.

And yet: In 1886, a bottle of Coke cost a nickel. It was also a nickel in 1900, 1915 and 1930. In fact, 70 years after the first Coke was sold, you could still buy a bottle for a nickel.

Three wars, the Great Depression, hundreds of competitors — none of it made any difference for the price of Coke. Why not?

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4:41pm

Wed November 14, 2012
Business

'Caesar's' CEO: Higher Taxes Would Impact Business

Originally published on Thu November 15, 2012 2:10 pm

Transcript

AUDIE CORNISH, HOST:

After President Obama's news conference today, he moved on to a meeting with the CEOs of a number of big corporations to talk about avoiding the fiscal cliff. We're going to talk now with one business leader who has advised the White House in the past, although he was not at today's meeting. Gary Loveman is the CEO of Caesars Entertainment, the worldwide casino company. He's been a member of President Obama's export council, and he's also part of the Fix the Debt campaign. Welcome to the program.

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4:35pm

Wed November 14, 2012
Crisis In The Housing Market

Foreclosed Homeowners Getting Back In The Market

Originally published on Wed November 14, 2012 6:15 pm

Millions of U.S. families have a recent foreclosure on their record. Typically, that means waiting at least seven years before securing another home loan. But some families say they are having luck buying again — sometimes in as few as three years.
Justin Sullivan Getty Images

Buyers are coming back into the housing market after losing their homes during the financial crisis — returning to homeownership more quickly than lenders have typically allowed.

With millions of families with recent foreclosures on their records, some report that they are having luck buying a house — in some cases within three years.

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7:16am

Wed November 14, 2012
Economy

Obama To Hold White House News Conference

Originally published on Wed November 14, 2012 8:06 am

At the White House, President Obama will hold his first East Room news conference since March on Wednesday. He's expected to talk about the nation's fiscal condition, as well as the scandal that has cost him his CIA director.

5:37am

Wed November 14, 2012
Business

Barron To Be Executive Editor At 'Washington Post'

Originally published on Wed November 14, 2012 8:06 am

Martin Baron of the Boston Globe has been named the new executive editor of The Washington Post. He replaces Marcus Brauchli who came to the Post in 2008 from The Wall Street Journal.

5:37am

Wed November 14, 2012
Business

Microsoft Shake Up: President Of Windows Is Out

Originally published on Wed November 14, 2012 6:55 pm

Transcript

STEVE INSKEEP, HOST:

Let's talk now about the shakeup at the top of Microsoft. Fewer than three weeks after the unveiling of a new, extensively redesigned Windows operating system, the executive responsible for its launch is gone. NPR's Wendy Kaufman has more.

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5:37am

Wed November 14, 2012
Business

Some Nonprofits Look Suspiciously Like Forprofits

Originally published on Thu November 15, 2012 5:33 pm

Transcript

STEVE INSKEEP, HOST:

The word nonprofit evokes the image of a charity or a church, an educational institution, public radio station. But David Evans of Bloomberg Markets Magazine took a closer look at the world of nonprofits and discovered something that he considered suspicious. Even though many nonprofits make millions and millions in profits, they pay no taxes.

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5:37am

Wed November 14, 2012
Business

Business News

Originally published on Wed November 14, 2012 8:06 am

Michael Hervey will leave effective at the end of the year. The New York utility received harsh criticism over how it handled the aftermath of Hurricane Sandy. Customers have complained about long waits for service to return. Two weeks after the storm tens of thousands of homes and businesses still have no power.

5:37am

Wed November 14, 2012
Business

'Halo 4' Has Successful First Day Of Sales

Originally published on Wed November 14, 2012 8:06 am

Transcript

LINDA WERTHEIMER, HOST:

Our last word in business today is: arms race.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

Dramatic. Feel the heart beat. That's music from "Halo 4," the latest installment from Microsoft's blockbuster video game series which pits humans against aliens in the future. Last week, "Halo 4" made more than $220 million in the first day sales.

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