Business

5:07am

Fri October 26, 2012
Business

Iconic British Cab Company Is On The Skids

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Cab crisis.

One of London's defining features is the black hackney cab. Along with the city's red double-decker buses, those shiny black cabs are moving London landmarks. But the company that makes them is in trouble.

RENEE MONTAGNE, HOST:

Unable to pay its debts, the company this week went into what's called there, Administration. Harry Harris has been driving a London cab for 25 years, but he's not too broken up about this.

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5:07am

Fri October 26, 2012
Planet Money

Energy Independence Wouldn't Make Gasoline Any Cheaper

Originally published on Fri October 26, 2012 4:05 pm

Friedemann Vogel Getty Images

Just about every president since Richard Nixon has set energy independence as a goal, and both major candidates have brought it up the current campaign.

As it turns out, there is a place, not so far from here, that has achieved energy independence: Canada.

Canada produces far more oil than it consumes. They're not dependent on the Middle East! They've got all the oil they need!

I called Stephen Gordon, a professor of economics at Université Laval in Quebec City, to ask him about what energy independence means for his nation.

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5:55pm

Thu October 25, 2012
All Tech Considered

Can Windows 8 Bridge The Gap Between Tablet And PC?

Originally published on Fri October 26, 2012 9:50 am

The Microsoft Windows 8 operating system is unveiled at a press conference on October 25 in New York City.
Mario Tama Getty Images
  • Listen To Steve Henn's Report On All Things Considered

For better or worse, Microsoft has now shown its hand. The company Thursday showed off its new operating system, Windows 8, which will either mark a new era for the software giant in a hyper-competitive market, or spell its downfall.

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5:52pm

Thu October 25, 2012
Technology

Windows 8 Billed As Biggest Change To PC In 17 Years

Originally published on Fri October 26, 2012 4:05 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, it's ALL THINGS CONSIDERED. I'm Audie Cornish.

After plenty of hype, today Microsoft officially released its new operating system, Windows 8. The company calls the software its biggest change in 17 years. For the first time, the system runs on personal computers and on tablet devices, and Microsoft is banking on it as the companies take it to the future, as NPR's Steve Henn reports.

STEVEN SINOFSKY: Welcome, everyone, to Windows 8.

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3:36pm

Thu October 25, 2012
Planet Money

It's 10 P.M. In Frankfurt. Do You Know Where Your Gold Is?

Lam Thuy Vo / NPR

At a hearing last year, Ron Paul asked Ben Bernanke if gold is money. Answer: No. So why do central banks hold it as a reserve? Answer: Tradition.

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3:15pm

Thu October 25, 2012
Europe

While Spain Struggles, The Basque Region Shines

Originally published on Thu October 25, 2012 6:51 pm

The Basque region has a long and rich industrial tradition. Here is a CAF factory in Beasain, Spain.
Lauren Frayer for NPR

For decades, most of the news out of Basque country was horrible. Since the late 1960s, this region in northern Spain has been infamous as home to the ETA separatist group, which killed more than 800 people while fighting for Basque independence from Madrid.

But two years ago, the separatist group declared a final cease-fire and the attacks have stopped. Now the country is becoming known for something else: its booming economy.

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2:26pm

Thu October 25, 2012
Health

After Meningitis Deaths, A Look At Drug Safety

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Two dozen dead and hundreds sickened from contaminated drugs with probably more to come. The outbreak of fungal meningitis has scared many thousands more who received injections of what may have been tainted steroids from a now-closed facility in Massachusetts, which called itself a compounding pharmacy.

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12:39pm

Thu October 25, 2012
The Two-Way

Microsoft Introduces Windows 8, Marking A 'New Era'

Originally published on Thu October 25, 2012 12:44 pm

Microsoft CEO Steve Ballmer during a press conference at Pier 57 to officially launch Windows 8 in New York.
Timothy A. Clary AFP/Getty Images

Steve Ballmer, the CEO of Microsoft, put the release of the company's new operating system in dramatic terms: "Windows 8 shatters perceptions of what a PC truly is," he said during an introductory event in New York.

Windows 8, Ballmer said, "marks a new era" for Microsoft.

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8:50am

Thu October 25, 2012
The Two-Way

Jobless Claims Fell By 23,000 Last Week; Orders For Durable Goods Rose

Originally published on Thu October 25, 2012 9:07 am

A Boeing 787 Dreamliner aircraft at the company's factory in Everett, Wash. Orders for aircraft drove the increase in demand for durable goods last month.
Saul Loeb AFP/Getty Images

The number of first-time claims for unemployment insurance fell by 23,000 last week from the week before, to 369,000, the Employment and Training Administration says.

Claims have bounced around in recent weeks, in part because of some changes in the way at least one state reports its figures.

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7:05am

Thu October 25, 2012
Business

$1 Billion BOA Lawsuit Claims Mortgage Fraud

Federal prosecutors in Manhattan are suing Bank of America for more than $1 billion for mortgage fraud against government-backed mortgage companies Fannie Mae and Freddie Mac around the time of the financial collapse. The lawsuit alleges that Countrywide Financial, which was later acquired by Bank of America, sold large volumes of mortgages that weren't quality-controlled.

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