Business

11:15am

Tue October 16, 2012
Economy

5 Questions 'Real' People Might Ask At The Debate

Originally published on Tue October 16, 2012 11:30 am

An audience member holds up his hand at a Mitt Romney town hall meeting in Dayton, Ohio, in March. Audience members will be allowed to ask questions at the second presidential debate, being held Tuesday night in Hempstead, N.Y.
Gerald Herbert AP

As this election year began, political pundits insisted the No. 1 issue would be the economy. They expected the candidates to offer voters detailed plans for encouraging job growth.

Now, with the election just three weeks away, many Americans are still scratching their heads, wondering what exactly President Obama and former Gov. Mitt Romney would do to improve the economy.

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8:43am

Tue October 16, 2012
The Two-Way

Citigroup CEO Vikram Pandit Steps Down

Originally published on Tue October 16, 2012 9:41 am

Vikram Pandit on the floor of the New York Stock Exchange on in June.
Spencer Platt Getty Images

Vikram Pandit, the chief executive officer of Citigroup, has stepped down, the company's board announced today.

"The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board," Citigroup said in a statement. "Mr. Corbat previously served as Citigroup's CEO of Europe, Middle East and Africa."

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7:33am

Tue October 16, 2012
Business

Who's The Richest Person In History?

Originally published on Tue October 16, 2012 10:45 am

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Nearly 700 years after he ruled the Mali Empire, King Mansa Musa has been awarded the title of richest person in history. Personal fortune: $400 billion. That's according to a new inflation-adjusted list compiled by Celebrity Net Worth. West Africa's salt and gold were the source of Musa's great wealth, which he used to build magnificent mosques. More modern names on the list: The Rothchilds and John D. Rockefeller. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

7:29am

Tue October 16, 2012
Business

Pizza Hut Rethinks Debate Promotion

Originally published on Tue October 16, 2012 10:45 am

Transcript

STEVE INSKEEP, HOST:

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6:27am

Tue October 16, 2012
Business

Bank Of America Improves Foreclosure Image

Originally published on Tue October 16, 2012 10:45 am

Transcript

STEVE INSKEEP, HOST:

Bank of America will release quarterly earnings tomorrow and once again, foreclosures will be part of the equation. The Charlotte-based bank's role in the 2008 housing crash has landed it on a fair number of lists of most hated institutions in America.

But, as Julie Rose of member station WFAE in Charlotte discovered, some of those most involved in cleaning up the aftermath of the foreclosure crisis are beginning to soften toward the bank.

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6:04am

Tue October 16, 2012
Business

Manufacturers Financially Support Hiring Vets

Originally published on Tue October 16, 2012 10:45 am

Transcript

RENEE MONTAGNE, HOST:

And four major manufacturers say they will start offering financial support for the training of military veterans. The corporations are taking part in a program called Get Skills to Work Coalition. It has said its initial goal at training 15,000 vets.

NPR's Yuki Noguchi reports.

YUKI NOGUCHI, BYLINE: Unemployment among veterans has been falling, as it has for everyone else. The jobless rate among vets serving after 2001 now stands at 9.7 percent, but that's still about 2 percentage points higher than the general population.

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5:58am

Tue October 16, 2012
Television

A Check On How The Fall TV Season Is Going

Originally published on Tue October 16, 2012 10:45 am

Transcript

STEVE INSKEEP, HOST:

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

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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4:52am

Tue October 16, 2012
Business

Business News

Originally published on Tue October 16, 2012 10:45 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with some shopping season indicators.

Black Friday, the height of the holiday shopping season, is a month and a half away but companies are already announcing significant seasonal hiring plans. The National Retail Federation says it expects strong holiday sales this year. Today, Amazon announced it is hiring 50,000 workers, thousands of whom it says, it will keep on after the holidays.

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4:52am

Tue October 16, 2012
Business

The Last Word In Business

Originally published on Tue October 16, 2012 10:50 am

Snoop Dogg — who announced his reincarnation as Snoop Lion over the summer — is the newest spokesman for the microwaveable processed turnovers. In 2004, he had a hit, "Drop It Like It's Hot." Now he sings "Pocket Like It's Hot."

3:01am

Tue October 16, 2012
Crisis In The Housing Market

Renters No More: Newbies Lured To Homeownership

Originally published on Tue October 16, 2012 10:45 am

Kitsy Roberts and Janko Williams have traded a rent payment for a mortgage. The Seattle couple is planning to put a lot of sweat equity into their fixer-upper.
Wendy Kaufman NPR

In many American communities, buying a home is now less expensive than renting. And with the economics tilting in favor of homeownership, many first-time buyers are jumping into the market.

After eight years of renting, Kitsy Roberts and her husband, Janko Williams, are practically giddy about their new Seattle home. And like proud parents, they are eager to show it off, from its historic details to its fresh paint.

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