Business

RSS Feed
NPR

Despite Scandal, Wall Street Lines Up To Bid For LIBOR

LIBOR — the London interbank offered rate — is being sold. How can an interest rate be sold? Well, like anything that is a brand name, LIBOR has value, even if that value has been undermined in recent years by scandal. The NYSE Euronext will acquire LIBOR from the British Bankers' Association. Terms of the deal have not been disclosed.
NPR

Barnes & Noble CEO William Lynch Resigns

Lynch's exit comes just two weeks after the bookseller announced it was shelving its goal of becoming a player in the tablet business. Lynch has a tech background, and as CEO focused his attention on the Nook digital business. But the quarter that just ended showed huge losses for the digital devices.
NPR

Alcoa Kicks Off Earnings Season

Over the next few weeks, thousands of U.S. based publicly traded corporations will be reporting their quarterly results. Within days though, judgments will start to be made on whether the economy is holding up well enough to justify stock prices that are approaching a new peak. Alcoa says it lost more money than expected during the second quarter of this year because of restructuring costs.
NPR

Companies Cash In On Royal Baby Watch

Britain's latest royal may arrive this weekend. Advertising Age reports Harrod's, the venerable British department store, is selling royal baby china. Others getting in on the action: Krispy Kreme is offering doughnuts with pink or blue filling, which color you get is a surprise — just like the baby's gender.
NPR

Kroger Buys Harris Teeter In $2.5 Billion Grocery Deal

The move expands the reach of Kroger, already the nation's largest grocery chain, into the mid-Atlantic region. Harris Teeter is based in Matthews, N.C.
NPR

Who's Watching When You Look For Health Information Online?

More than half of health-related websites checked by a health policy researcher used trackers that could provide data about visitors to third parties. Some also shared search terms that could be linked to a visitor.
WAMU 88.5

Detroit's Financial Crisis And Its National Implications

The city of Detroit and its $20 billion debt: What's ahead for residents, unions and investors. Plus, implications for other cash-strapped U.S. cities.

NPR

Pedal Power To Horsepower: Toys Point Towards Future Of Cars

Toy cars — from pedal-powered roadsters to Matchbox and Hot Wheels sets — are more than just child's play. Kids' preferences in their toys can point towards future automotive trends, like a growing fondness for eco-friendly cars, and licensing deals can build brand loyalty at a very young age.
NPR

As Biotech Seed Falters, Insecticide Use Surges In Corn Belt

Across the corn belt, farmers are pulling out all the stops in their war the corn rootworm. They're returning to chemical pesticides, because the weapons of biotechnology — inserted genes that are supposed to kill the rootworm — aren't working so well anymore.
NPR

Why There's Too Few Cooks For New York City's Elite Kitchens

New York is famous for its food scene, but lately, the once-overflowing pool of potential chef applicants has begun to run dry. The reason? It's a pricey town to live in, and for chefs obsessed with local ingredients, smaller towns with vibrant food cultures and closer ties to surrounding farms are looking way more appealing.

Pages