Business

5:07am

Wed August 12, 2015
Business

Mail-Order Music Giant Columbia House Files Chapter 11 Bankruptcy

Originally published on Wed August 12, 2015 1:58 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

5:46pm

Tue August 11, 2015
The Two-Way

China Cut Its Currency — And Touched Your Life. Here's How

Originally published on Tue August 11, 2015 8:23 pm

You may not pay in Chinese yuan notes, but a drop in their value affects your spending power.
Mark Ralston AFP/Getty Images

When China suddenly cut the value of its currency Tuesday, investors everywhere were caught off guard.

And they didn't like it. They sent both stock and commodity prices much lower. Even interest rates fell.

Now maybe you are wondering: Huh? What does this China move mean for me?

Before we get to that, let's first run through what happened on the other side of the world:

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5:40pm

Tue August 11, 2015
Business

Colorado Businesses Struggle As Toxic Waste Flows Through Animas River

Originally published on Wed August 12, 2015 12:04 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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MELISSA BLOCK, HOST:

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5:27pm

Tue August 11, 2015
The Salt

Protein Goes Green: Can Algae Become The Next Soy?

Originally published on Thu August 13, 2015 2:19 pm

This microalgae powder is designed for use in cooking, baking and smoothies. Marketed under the name AlgaVia, the powder is starting to show up as an ingredient in grocery store items.
Solazyme

Could the next big thing in alternative proteins be a something tiny and green?

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5:06pm

Tue August 11, 2015
The Two-Way

'8 CDs For A Penny' Company Files For Bankruptcy

Originally published on Tue August 11, 2015 6:36 pm

The party's over for Columbia House, the music and movie subscription company that has been called "the Spotify of the '80s."

Filmed Entertainment Inc., which owns Columbia House, filed for Chapter 11 bankruptcy protection on Monday in a Manhattan court after more than two decades of declining revenues, according to a company statement.

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4:42pm

Tue August 11, 2015
Law

U.S. Charges Hackers In $30 Million Insider-Trading Scheme

Originally published on Wed August 12, 2015 12:04 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

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4:42pm

Tue August 11, 2015
Asia

U.S. Reacts Warily To Devaluation Of Chinese Currency

Originally published on Wed August 12, 2015 1:53 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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4:42pm

Tue August 11, 2015
Technology

Cleveland Man's Twitter Feed Explodes After Google Reorganizes As Alphabet

Originally published on Wed August 12, 2015 12:04 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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4:42pm

Tue August 11, 2015
Technology

Silicon Beach: Tech Entrepreneurs Flock Downstream To LA

Originally published on Thu August 13, 2015 3:16 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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2:11pm

Tue August 11, 2015
The Two-Way

9 People Accused In $30 Million Hacking And Insider-Trading Scheme

Originally published on Tue August 11, 2015 5:28 pm

Authorities say several publicly traded companies, including Clorox, Caterpillar and Viacom, had press releases stolen and used to implement an insider-trading scheme.
Spencer Platt Getty Images

Federal authorities have charged nine people in connection with an elaborate trading scheme involving hackers from Ukraine and securities traders in the U.S. that generated more than $30 million in illegal profits.

The federal indictments, unsealed today in New York and New Jersey, allege that hackers broke into three news wire companies to get early access to more than 150,000 confidential press releases — such as merger-and-acquisition announcements. This allowed the schemers to make trades on them before the deals became public.

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