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NPR

Investors Show Confidence In Spain, Italy

Spain and Italy have held their first bond auctions of 2012. Spain raised double its target amount, at interest rates a full point or more lower than last month. Italy did somewhat the same. One analyst said the painful austerity programs appear to be bearing fruit.
NPR

Mild Winter Could Hurt Western States Water Supply

Across much of Colorado, Utah, Montana and northern California, the snowpack is at less than half the average. There are concerns the skimpy snowpack won't fill the reservoirs and rivers. Millions of people depend on melting snow for their drinking water and farms.
NPR

Gingrich Backs Off On Private Equity Jabs At Romney

As Newt Gingrich campaigned in South Carolina Thursday, there were signs he was beginning to soften his critique of the private equity career of rival Mitt Romney. Gingrich had come under fire this week from fellow Republicans for his attack on Romney for his time at Bain Capital.
NPR

Murdoch Tweets About Myspace Failure

On Twitter, News Corps. Chief Rupert Murdoch confessed: "We screwed up in every way possible." He added the company learned a lot of valuable and expensive lessons from the purchase of the social networking site.
NPR

Layoffs Hit Wall Street As Financial Needs Change

Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.
NPR

In GOP Campaign, Private Equity Firms Draw Flak

The public relations problem for private equity capitalists at firms such as Bain, KKR and Blackstone is that they are the agents of the creative-destruction part of capitalism. They aim to take over underperforming firms and operate them more efficiently. In that process, people do lose their jobs.
NPR

The Transformation Of American Factory Jobs, In One Company

A few decades ago, many workers at Standard Motor were illiterate. Today, they need to learn a computer language to operate the machinery.
NPR

Kodak Retirees Worry Amid Bankruptcy Talk

About half of Kodak's 38,000 retirees still live in Rochester, N.Y., where the company is based. Many of them are anxious about their pensions and retiree health care coverage amid reports that the company is preparing for a Chapter 11 filing.

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