Business

3:37pm

Wed July 4, 2012
Business

Ex-CEO: Barclays Isn't The Only Bank At Fault

Originally published on Wed July 4, 2012 5:35 pm

Former Barclays CEO Bob Diamond leaves Parliament amid a crowd of reporters in London on Wednesday. Diamond, who resigned Tuesday, was questioned about a growing interest-rate manipulation scandal.
Matthew Lloyd Getty Images

The fallen leader of Barclays Bank got on the hot seat before members of the British Parliament on Wednesday. Robert Diamond, an American, resigned Tuesday as CEO of the bank — the latest executive to lose his job over an interest-rate manipulation scandal.

The scandal has not only consumed Barclays, it also threatens to engulf other international banks — and high-ranking government officials, too.

Diamond started his career at Barclays on Independence Day, exactly 16 years ago. On Wednesday in London, he set off some fireworks all his own.

Read more

5:08am

Wed July 4, 2012
Business

The Last Word In Business

Originally published on Wed July 4, 2012 7:12 am

Transcript

LINDA WERTHEIMER, HOST:

Our last word in business today: body of work. That's the legacy left behind by Italian car designer Sergio Pininfarina. He died yesterday in Turin, Italy at age 85. His family's design firm was behind the sleek, elegant bodies that became a hallmark of Ferrari automobiles.

RENEE MONTAGNE, HOST:

Read more

5:08am

Wed July 4, 2012
Around the Nation

'Flipping' Sneakers Is Highly Profitable

Originally published on Wed July 4, 2012 7:00 am

Maybe you won't pay several hundred dollars for a pair of sneakers, but there are a lot of people who will — providing they are the right sneakers. The demand for certain models has spawned a robust market for re-sellers — people who buy up the available supply and re-sell them for a profit.

5:08am

Wed July 4, 2012
Business

Ex-Barclays CEO To Appear Before British Panel

Originally published on Wed July 4, 2012 5:52 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with a U.K. interest rate probe.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The former chief executive of Barclays is testifying before a parliamentary committee in Britain. Bob Diamond, who resigned yesterday, is being asked about the rate-setting scandal at the bank. He told lawmakers in the hearing today that it was an unfortunate series of events. Yesterday, Barclays released documents suggesting a Bank of England official may have pressured Barclays to lower its rates. NPR's Jim Zarroli reports.

Read more

3:31am

Wed July 4, 2012
Business

Office Stress Dogging You? Try Punching In With Fido

Originally published on Thu July 19, 2012 4:11 pm

Ginger, an English bulldog, comes to work each day with Will Pisnieski. She's one of several dogs who are regular fixtures at dog-friendly Authentic Entertainment in Burbank, Calif.
Grant Hindsley AP

Most dog lovers will insist a canine friend makes for a happier home. A number of studies back that up, too, touting the health benefits of four-legged companions.

But there's new evidence that dogs can make for a better workplace as well, making employees happier and more productive.

Read more

5:37pm

Tue July 3, 2012
Business

The Korean-American Story Of Yes! Organic Market

Originally published on Wed July 4, 2012 12:03 pm

Gary Cha and his family came to the U.S. from South Korea in the 1970s. They opened Yes! Organic Markets in food deserts and other unlikely neighborhoods around Washington, D.C. and Maryland. Cha speaks with host Michel Martin about his heritage, his business and racial tension between some Asian store-owners and African-American residents.

3:14pm

Tue July 3, 2012
Shots - Health Blog

Glaxo Settlement Pulls Back Curtain On Drug Marketing

Originally published on Wed July 4, 2012 4:30 am

This week, GlaxoSmithKline agreed to the largest single health fraud settlement in U.S. history. Details from the case paint a rich picture of alleged abuses.
Kirsty Wigglesworth AP

As part of a landmark $3 billion settlement of health fraud charges by GlaxoSmithKline, the government released a slew of documents that serve as a one-stop guide to alleged sales practices that ran rampant for years.

Read more

2:16pm

Tue July 3, 2012
Planet Money

Storm Stimulus Unlikely As Communities Recover

Originally published on Tue July 3, 2012 4:40 pm

A fallen tree crushes a truck in Falls Church, Va., outside Washington. Storms across the Midwest and East downed trees and power lines and left millions without power.
Alex Wong Getty Images

Once major storms pass, hard-hit communities sometimes discover an unexpected silver lining: a miniature economic boom, as insurance checks pay for homeowners to rebuild and businesses to restock.

Read more

11:05am

Tue July 3, 2012
Economy

States Go To Casinos, But Does The Gamble Pay Off?

Originally published on Tue July 3, 2012 12:03 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll meet a couple who didn't just worry when their daughters started coming home making disparaging comments about their own looks. They decided to surround the girls with positive messages that they, too, are beautiful. We'll meet them and hear what they did in just a few minutes.

Read more

10:33am

Tue July 3, 2012
The Salt

Free Trade Ruling Could Nix Country-Of-Origin Labels on Meat

Do you know where your beef comes from?
JelleS Flickr.com

If you want to know where your meat came from, you won't be happy with the World Trade Organization right now. Late last week, the WTO announced that the United States' country-of-origin labels, which took effect in 2008, discriminate unfairly against foreign meat suppliers such as Mexico and Canada.

Read more

Pages