Business | WAMU 88.5 - American University Radio


RSS Feed

Facebook's Early Investors May Have Much To Like

An IPO filing provides a window into wealth. In the case of Facebook, the wealth will likely be enormous and spread across hundreds if not thousands of early investors and employees. The number of millionaires and billionaires in Silicon Valley grew noticeably Wednesday.

Cheap Chic: Couture Comes To Discount Retailers

It used to be unthinkable for high-end designers to sell their clothes at mass retailers. Now they regularly team up with Gap, Macy's and Target to bring fashion to the masses. The arrangement can help both the designers and the retailers.

Connecticut Considers Allowing Sunday Liquor Sales

Connecticut is one of two states that ban the sale of alcohol on Sundays. That means residents have to plan ahead for Super Bowl parties. Governor Dannel Malloy says lifting the Sunday ban would make the state more competitive with its neighbors.

Regulator: Freddie Investments 'Nothing Unusual'

Senators on Capitol Hill have criticized Edward DeMarco for the investment practices of Freddie Mac. DeMarco heads the federal agency that controls Freddie Mac and Fannie Mae. NPR and ProPublica reported that certain trades at Freddie Mac amounted to bets against homeowners being able to refinance their mortgages. DeMarco tells Morning Edition's Steve Inskeep that the trades were not particularly risky, and would not have prevented homeowners from refinancing their loans.

United-Continental Merger Is 'Endless Decisions'

United and Continental Airlines have been engaged in the enormous task of merging. Drake Bennett writes for Bloomberg Businessweek magazine, and he tells Renee Montagne that merging means "endless decisions, from uniforms to coffee."

TSA Cracks Down On Agents Who Steal From Flyers

The Transportation Security Administration says it has zero tolerance for agents who steal from passengers. At New York's JFK airport on Thursday, police say an agent was caught stealing $5,000 from a passenger's jacket as it was going through the X-ray conveyor belt.