Business

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

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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5:37am

Wed November 14, 2012
Business

Down Economy Injures Local Hospitals

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

The health care industry is one of the most reliable sources of new jobs in the country. And in cities that suffer from high unemployment, the local hospital is often the biggest employer still standing. But the downturn in the economy has left some hospitals in perilous financial shape. In Waterbury, Ct,, the biggest hospitals are going through a painful process of outsourcing and layoffs.

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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3:18am

Wed November 14, 2012
Environment

A 'Green' Gold Rush? Calif. Firm Turns Trash To Gas

Originally published on Wed November 14, 2012 8:17 pm

Energy Of The Future? California company Sierra Energy is testing out a reactor that turns garbage — like these wood chips, metal fragments and plastics — into synthetic gas that can then be turned into a low-carbon diesel fuel.
Christopher Joyce NPR

Second of a two-part series. Read Part 1

California starts the ball rolling Wednesday on a controversial scheme to keep the planet from overheating. Businesses will have to get a permit if they emit greenhouse gases.

Some permits will be auctioned today; the rest are free. The big idea here is the state is putting a ceiling on emissions.

It's a gamble. And for this top-down climate plan to work, it has to usher in a greener, more efficient economy.

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5:47pm

Tue November 13, 2012
All Tech Considered

Bigwigs Out At Microsoft And Apple. Now What?

Originally published on Wed November 14, 2012 8:58 am

Steven Sinofsky introduces a new Microsoft tablet computer and Windows 8 software to the media in Shanghai on Oct. 23. The former president of Microsoft's Windows division has since left the company.
AFP/Getty Images
  • Hear Wendy Kaufman's Report On 'Morning Edition'

In less than a month, two instrumental figures at two of the world's biggest tech companies have left their positions. Now industry watchers wonder whether the departures at Microsoft and Apple will mean dramatic changes of direction for the tech giants.

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