Business

2:17am

Wed November 7, 2012
It's All Politics

Business, Labor Groups Laud Obama Victory

Exit polls showed the economy was Issue No. 1 with voters in this presidential election. And it didn't take long for labor organizers and business leaders to start offering their thoughts on the re-election of President Obama.

Because of White House policies, the U.S. economy is "beginning to pick up steam," AFL-CIO President Richard Trumka said in a statement. He cheered Obama's win and put congressional Republicans on notice that Democrats will focus on "ending the Bush tax cuts for the rich and opposing any cuts to Social Security, Medicare, or Medicaid benefits."

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11:19am

Tue November 6, 2012
Your Money

Angie's Tips On Avoiding Storm Scams

Originally published on Tue November 6, 2012 12:03 pm

Severe weather could be headed for regions hard hit by superstorm Sandy, so many homeowners are scrambling to make repairs. The rush might make them vulnerable to so-called storm chasers — con artists posing as contractors. Host Michel Martin speaks with Angie Hicks, founder of the website Angie's List, for tips on how to avoid home repair scams.

5:41am

Tue November 6, 2012
Business

Floor Makeover Takes 3 Weeks, 250,000 Pennies

Originally published on Tue November 6, 2012 12:18 pm

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Pinching Pennies.

In Garfield, Pennsylvania, the owner of a tattoo shop wanted to spruce up her floors. She could have gone with a nice tile or parquet.

STEVE INSKEEP, HOST:

Instead, Mel Angst of the Artisan Tattoo and Coffee Gallery went with pennies - 250,000. She recruited some volunteers, and spent three weeks painstakingly gluing pennies to the floor.

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5:41am

Tue November 6, 2012
Business

Business News

Originally published on Tue November 6, 2012 12:18 pm

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with Suzuki pulling out of the U.S.

Japan's Suzuki Motor Corporation has been selling cars in America for almost three decades. But unlike Toyota or Honda, it never managed to win over masses of American consumers. The company has the smallest American market share among the big Asian automakers. And when its current inventory runs out the company will no longer sell cars here at all. It will file for Chapter 11 bankruptcy protection instead.

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5:41am

Tue November 6, 2012
Business

Kodak Retirees To Lose Health Benefits

Originally published on Tue November 6, 2012 12:18 pm

Transcript

RENEE MONTAGNE, HOST:

Eastman Kodak received approval yesterday to end retiree benefits by year's end. The ruling in a New York State court will save the company millions as it emerges from bankruptcy. It will also mean higher health care costs for thousands of retirees and their families.

Carlet Cleare of member station WXXI reports.

CARLET CLEARE, BYLINE: Retiree Alyce Hahn says Kodak's decision and yesterday's court ruling has left her with a sense of betrayal.

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5:41am

Tue November 6, 2012
Business

Gamers Welcome 'Halo 4'

Originally published on Mon September 16, 2013 2:36 pm

Transcript

STEVE INSKEEP, HOST:

Millions of Americans stand in line today to vote. Last night, thousands of Americans lined up to buy one of the most anticipated new video games of the year. "Halo 4" is the latest installment of the popular franchise for the Microsoft Xbox 360. Some younger gamers refer to "Halo" as their "Star Wars," a cultural touchstone. Now, after a five-year hiatus, the game's hero - the Master Chief - returns.

Noah Nelson reports.

(SOUNDBITE OF "HALO" CHORAL MUSIC)

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5:41am

Tue November 6, 2012
Politics

Alternative Minimum Tax Could Affect 25 Million Taxpayers

Originally published on Tue November 6, 2012 12:18 pm

Transcript

STEVE INSKEEP, HOST:

Now, let's talk about what's at stake for the winners - our latest installment in the series we're calling "Fiscal Cliff Notes."

(SOUNDBITE OF BROADCAST MONTAGE)

UNIDENTIFIED MAN #1: On January 1st, 2013, there's going to be a massive fiscal cliff - of large spending cuts...

UNIDENTIFIED WOMAN #1: From the painful cuts to the Defense Department, food safety, education...

UNIDENTIFIED MAN #2: The Bush tax cuts, the payroll tax cuts...

UNIDENTIFIED MAN #3: Taxmaggedon.

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5:37pm

Mon November 5, 2012
Business

'E-Hail' Companies Draw Ire From Cab Commissions

Originally published on Mon November 5, 2012 5:49 pm

Robert Siegel talks with Geoffrey Fowler, a reporter with the Wall Street Journal, about popular ride-sharing and taxi apps like Uber and SideCar. They've begun to run afoul of state and local regulators as they've grown into a convenient alternative to hailing a cab the old-fashioned way.

5:37pm

Mon November 5, 2012
The Two-Way

EPA Cites Hyundai, Kia For Inflating Gas Mileage On 900,000 Cars

Originally published on Mon November 5, 2012 6:16 pm

The Environmental Protection Agency found Hyundai and its sister company, Kia, overstated the fuel economy ratings on about 900,000 cars.
Nam Y. Huh AP

If you bought a Hyundai or Kia over the past three years, you could soon be getting some money back from the two automakers.

The Environmental Protection Agency says the South Korean carmakers, owned by the same parent company, overstated the gas mileage on 900,000 vehicles over the past three years. The EPA discovered the bloated figures during an audit of gas mileage tests undertaken by the companies. The agency said last week it was investigating how the carmakers arrived at the numbers.

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2:22pm

Mon November 5, 2012
Planet Money

Foreclosures Are Falling In States Where It's Easy To Foreclose

Joe Raedle Getty Images

In New York, it takes an average of about three years for a bank to foreclose on a house.

In Texas, it takes about three months.

That's a huge, huge difference, and it's largely by design. About half the states in the country, including New York, require foreclosures to go through the courts. This slows down the process, and is intended to reduce the risk of someone being wrongly foreclosed on. In the other half of the country, including Texas, a third-party trustee can foreclose without going through the courts.

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