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NPR

India's Economic Battle: Development Vs. Tradition

A giant steel plant would bring thousands of jobs to a rural area in eastern India. But local farmers have been opposing the project for years in a battle that symbolizes the friction that often occurs in India's fast-growing economy.
NPR

In Mortgage Crisis, Some Banks Agree To Cut Losses

In almost one-third of private home loan modifications, big banks are now slashing what homeowners owe. It's overdue housekeeping for America's economy, says one investor: Banks clear their balance sheets, investors get a predictable stream of income, and homeowners stay homeowners.
NPR

U.S. Auto Sales Seen Continuing To Rebound In 2012

Automakers will report U.S. sales for 2011 on Wednesday. When final figures are calculated, sales of new cars and trucks are expected to reach 12.7 million, up from 11.5 million in 2010 and 10.4 million in 2009, the worst year since 1982. For 2012, analysts expect sales to top 13.6 million.
NPR

Oil-Drilling Wastewater Seen Causing Earthquake

Thousands of gallons of brine were injected daily into a Youngstown, Ohio, well that opened in 2010. It might take a year for the wastewater-related rumblings in the earth to dissipate, an expert says.
NPR

Brazil Sets Trade Records, Due To Chinese Demand

Brazil's exports to China hit $44.3 billion, an increase of more than 43 percent over 2010. In 2009, China surpassed the U.S. as Brazil's biggest trading partner. For 2011, Brazil logged $256 billion in exports, with a $29.7 billion surplus.
NPR

Why Fear, Greed Block Successful Financial Planning

Financial adviser Carl Richards gave himself bad advice. During the housing boom, Richards bought a place in Las Vegas with no down payment. He then borrowed more money against his home, and when the economy tanked, he was forced to sell the house for less than the original loan. Richards talks to Linda Wertheimer about an article he wrote for The New York Times, which led to his new book Behavior Gap.
NPR

Smirnoff Introduces U.S. To 2 New Flavored Vodkas

Smirnoff is selling two new flavored vodkas: Fluffed Marshmallow and Whipped Cream. While trying to come up with the right formula, the company studied vanilla-scented laundry soap and candles that smell like cookies.
NPR

Airlines To Post Fees, Exxon Awarded $900 Million

Starting later this month, the Transportation Department is requiring airlines to advertise prices which include all of the non-optional fees. That way passengers know the full amount they'd have to pay for a ticket. And, Exxon Mobil received some disappointing news from an international panel arbitrating a dispute between it and Venezuela. The panel awarded Exxon only about $900 million. It had been seeking $7 billion.

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