Business

5:05pm

Mon October 15, 2012
Business

Sprint Born From Railroad, Telephone Businesses

Originally published on Mon October 15, 2012 6:46 pm

Melissa Block explores the long family history of the companies that comprise what became Sprint. It all began in Kansas in the late 19th century and came to include a long distance system created by the Southern Pacific Railroad Internal Network Telecommunications, or SPRINT.

5:05pm

Mon October 15, 2012
Business

Softbank Buys $20 Billion Stake In Sprint-Nextel

Originally published on Mon October 15, 2012 6:46 pm

Japan's Softbank has announced it will spend $20 billion to take a majority stake in Sprint-Nextel. The deal will provide Sprint, the third largest carrier in the U.S. market, with some much needed cash. It also gives Softbank the opening it's been looking for to break into the U.S. market.

5:02am

Mon October 15, 2012
Business

Survey: Economy To Grow But Not Add A Lot Of Jobs

Originally published on Mon October 15, 2012 7:59 am

The U.S. economy will continue to grow throughout the rest of the year and in 2013, but at a tepid rate that fails to lower unemployment, according to a new survey of business economists. The forecast, from the National Association of Business Economists, also expects consumer spending to weaken.

4:52am

Mon October 15, 2012
Business

Softbank To Buy Majority Of Sprint Nextel

Originally published on Mon October 15, 2012 7:59 am

Japanese mobile phone company Softbank has announced it has agreed to buy 70 percent of Sprint Nextel for $20 billion. The deal would make Sprint Nextel a tougher competitor against its bigger rivals, Verizon Wireless and AT&T.

4:51am

Mon October 15, 2012
Business

The Last Word In Business

Originally published on Mon October 15, 2012 7:59 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today, is supersonic.

A space jump and the brand behind it mesmerized viewers yesterday.

STEVE INSKEEP, HOST:

Felix Baumgartner wanted to jump from 24 miles up and travel faster than the speed of sound in freefall, which would be a first. From mission control, they went through a checklist.

UNIDENTIFIED MAN: Item 31. Your shoot integrity is checked and your parachutes are not deployed.

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4:51am

Mon October 15, 2012
Business

2 Americans Win Nobel Economics Prize

Originally published on Mon October 15, 2012 7:59 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Two Americans have been awarded this year's Nobel Prize for Economics for work that has to do with matching in business, medicine and marriage. The two, whose work turned out to be a good match, are Alvin Roth of Harvard and Lloyd Shapely of the University of California, Los Angeles. They will share the $1.2 million prize.

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5:06pm

Fri October 12, 2012
World

Do Chinese Tech Firms Pose U.S. Security Threat?

Originally published on Fri October 12, 2012 5:59 pm

Staff and visitors walk past the lobby at the Huawei office in Wuhan, China. Beijing has urged Washington to "set aside prejudices" after a draft congressional report said Chinese telecom firms Huawei and ZTE were security threats that should be banned from business in the U.S.
AFP/Getty Images

Over the past decade, Chinese companies have become major players in the global telecommunications market. This week the House Intelligence Committee issued a report that could interrupt that growth. The committee warned American companies not to do business with two of China's main telecom manufacturers, saying they posed a security threat.

Huawei Technologies is the miracle story of the Chinese high-tech industry, says telecommunications consultant Roger Entner.

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3:18pm

Fri October 12, 2012
Planet Money

Remember The 14-Year-Old Who Bought A House? She Just Bought Another One

Originally published on Thu October 18, 2012 12:20 pm

This is Willow's new house.
Shannon Moore

Willow Tufano became a homeowner earlier this year. This was newsworthy because Willow was 14 years old. She raised money to buy the house by selling stuff on Craigslist.

I spoke to Willow again last week and got an update. She's 15 now, and her life over the past few months was sort of surreal. She got caught up in two dramas: America's housing market and America's media circus.

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1:40pm

Fri October 12, 2012
The Two-Way

Remembering Andrew Brimmer, First Black On Federal Reserve's Board

Andrew Brimmer in 1970, when he was a Federal Reserve Board governor.
Hulton Archive Getty Images

A life well-worth noting has caught the attention of obituary writers:

-- "Andrew F. Brimmer, a Louisiana sharecropper's son who was the first black member of the Federal Reserve Board and who led efforts to to reverse the country's balance-of-payments deficit, died on Sunday in Washington. He was 86." (The New York Times)

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11:50am

Fri October 12, 2012
The Two-Way

Consumer Confidence Jumps To Pre-Recession Level, Survey Shows

Originally published on Fri October 12, 2012 12:11 pm

"Black Friday" 2011 in Manhattan: Retailers hope to see shoppers out again in force this holiday season. If confidence stays high, they may get their wish.
Michael Nagle Getty Images

"U.S. consumer sentiment unexpectedly rose to its highest in five years in October as consumers became more optimistic about the economy in a possible boost to President Obama's reelection hopes," Reuters reports.

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