NPR's business news starts with car sales accelerating.
The Wall Street Journal is reporting that buyers picked up new vehicles at a pace not seen since before the recession. According to the paper, Americans bought 1.5 million vehicles last month - about 17 percent up from a year ago. Low interest rates and continued job growth were primary drivers. Automakers have added work shifts and production capacity to keep up with demand. Transcript provided by NPR, Copyright NPR.
Companies that collect and sell information about you are usually pretty secretive about what they have on you. But one of the biggest data brokers is now letting consumers have a peek.
Yesterday, the Acxiom Corp. set up a website where people can look themselves up. It's called AboutTheData.com. As NPR's Martin Kaste reports, some of the first people to try it were the data industry's critics.
Inside the Lambrecht Chevrolet Company in tiny Pierce, Neb., under layers of dirt, sit a dozen classic cars. A 1978 Chevrolet Indy Pace Car, black with racing stripes down the side. There's a '66 Bel Air sedan in a color called tropic turquoise, and a 1964 impala.
"If you wipe away the dirt, it's shiny underneath," says auctioneer Yvette VanDerBrink. Even though this car is almost 50 years old, VanDerBrink says, it's still brand new.
Later this month Lambrecht's will auction more than 500 classic cars, many with fewer than 10 miles on the odometer.
The U.S. economy held steady with "modest to moderate" growth between early July and late August, as Americans bought more cars and auto factories ramped up hiring.
The Federal Reserve's so-called Beige Book, comprising reports from 12 geographic districts around the country, showed that manufacturing activity "expanded modestly" and that several districts reported that "demand for inputs related to autos, housing, and infrastructure were strong."
Originally published on Wed September 4, 2013 2:44 pm
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U.S. competitiveness among global economies suffered after the 2008 global economic crisis. Four years after the crisis, the U.S. slipped in the World Economic Forum's annual competitiveness ranking. This year it's back up a bit: The U.S. rose to fifth position overall from seventh last year, in the forum's latest survey, which was released Wednesday.
One of the surprise movie hits this past weekend was almost entirely in Spanish. Instructions Not Included made an enormous amount of money per screen, more than $22,000, playing in fewer than 350 theaters. The boys in One Direction had the number one film, but they pulled in less than $6000 per screen. That's a huge victory for star Eugenio Derbez, a household name in Mexico, and for Pantelion films, which has been trying to find a Spanish-language hit in the U.S. film market for a few years now.