Business | WAMU 88.5 - American University Radio


RSS Feed

And Then There Were Three: Universal Will Buy EMI

The storied label's recorded music and publishing arms will be divided and sold, trimming the number of major record labels to just three: Sony, Universal and Warner.

Obama's Trip Focuses On The Pacific

President Obama left Friday for a nine-day trip to Hawaii, Australia and Indonesia. The president is trying to justify this long foreign excursion by saying that it will create American jobs.

No Firings At SEC For Missing Madoff's Massive Ponzi Scheme

Seven employees were disciplined. But none were dismissed after, an SEC spokesman tells The Washington Post, their performances "before and since the Madoff events" were considered.

MF Global Fires All 1,066 Brokerage Employees

The trustee overseeing the firm's liquidation terminated the workers. Some may be rehired to help wind down the firm, which was headed by former New Jersey Gov. Jon Corzine (D).

Australia Passes 'Plain Package' Law For Cigarettes

The Australian Parliament has passed legislation that outlaws attractive cigarette packaging. Each pack will carry drab colors and images of disease. Gone will be some of the more iconic images companies have relied on to market their products.

Keystone Pipeline Decision Delayed Until 2012

The State Department is delaying a decision about the controversial Keystone XL pipeline for at least a year. The pipeline would carry oil from Alberta, Canada, to refineries in Texas. But a political uproar in Nebraska has put the project on hold until after the presidential election.

Thanksgiving Dinner Will Cost More This Year

The American Farm Bureau Federation has released its 26th annual price survey on the cost of the classic Thanksgiving dinner. That includes the turkey, sweet potatoes, cranberries and pumpkin pie. This year, the average cost for a feast for 10 people is $49.20. That's up almost $6 from last year.