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Obama To Nominate 2 Candidates For Fed Vacancies

Harvard professor Jeremy Stein is a Democrat who served as a senior adviser to Obama's Treasury Department. Republican Jerome Powell served at Treasury under the first President Bush.
NPR

Goya Foods Grows With U.S. Hispanic Population

Goya, the nation's largest Hispanic-owned food company is celebrating its 75th anniversary. The privately-held company started out as a single store in Manhattan.
NPR

'Smart Decline': A Lifeline For Zombie Subdivisions?

With many boomtime developments now just dusty wastelands, Sun Belt suburbs like those outside Phoenix are shifting gears. Some planners argue for a radical option called "smart decline" — letting empty lots go back to nature and even, in some cases, tearing down infrastructure.
NPR

IBM Sees A Big Boost As It Turns 100

Far from a relic, IBM has been one of the best stocks on the Dow this year, rising more than perennial tech hotshots Google and Apple. A revamp of its business to focus on services and software so impressed Warren Buffet, he bought $10.7 billion worth of IBM stock.
NPR

Las Vegas Housing Market Attracts Asian Investors

In Las Vegas, the housing market continued to struggle this year, but investors from Asia see opportunity there. They're taking advantage of housing prices that have plummeted in recent years, buying foreclosed homes for less than it would cost to build them.
NPR

'Slow, Plodding' Economy Stalled By Housing Market

Home prices have fallen 35 percent from their peak about six years ago and continue to drop. That makes lenders and potential homebuyers nervous, so sales aren't picking up much despite the lowest interest rates in decades. And the unsolved foreclosure mess continues to push prices down even more.
NPR

At Least 100 Sears, Kmart Stores To Close

Sears Holdings announced Tuesday it will shutter at least 100 stores as a cost-cutting measure following a disappointing holiday season. The retailer's namesake Sears and Kmart stores have struggled against competitors such as Wal-Mart, Target and Home Depot. Sears says it will save as much as $170 million through the store closings. It did not say how many employees will lose their jobs.
NPR

The Undertakers Of The Retail Industry

Right now is a perfect moment for a liquidator. The economy is bad enough that big companies are going out of business, but good enough that customers will come and buy the stuff that's for sale.

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