Business | WAMU 88.5 - American University Radio

Business

RSS Feed
NPR

Retro London Cabs On The Road Toward Extinction

The number of black beetle-like taxis is dwindling. The only company that makes them had to recall 400 of its newest vehicles because of a mechanical defect. Ahead of the holiday season, very few of its rentals are available. As the company files for bankruptcy protection, cabbies cross their fingers to keep the iconic vehicle alive.
NPR

The Upside To Plunging Off The Fiscal Cliff

Post-election Washington is buzzing with talk of compromise and cooperation. Republicans and Democrats want to avoid a looming budget and economic disaster, and their leaders say they're ready to get to work. But some budget experts say it may be necessary to go over the fiscal cliff to reach an agreement.
NPR

Lockheed Martin's Incoming CEO Resigns Over Relationship With Subordinate

Christopher E. Kubasik's relationship, the company said, came to light during an investigation. Marillyn A. Hewson will instead take his place as CEO next year.
NPR

To Combat Sanctions, Iran Buys Up Gold

Iran's economy has been hit hard by U.S.-led sanctions that have targeted its oil exports and its banking system. In response, Iran appears to have gone on a gold buying spree as it attempts to halt the downward spiral of its currency.
NPR

New Yorkers Face First Gas Rationing Since 1970s

With long gas lines persisting more than a week after Superstorm Sandy, New York imposed a gasoline rationing plan Thursday that lets motorists fill up every other day. Police will be at gas stations Friday morning to enforce the new system in New York City and on Long Island
NPR

CBO: 'Fiscal Cliff' Could Put U.S. Back In Recession

A new Congressional Budget Office report explores the economic and budget impacts of the "fiscal cliff. The non-partisan government agency warns automatic tax hikes and spending cuts could do serious damage to the economy.
NPR

Smell Like Sushi Without Getting Your Hands Dirty

The fragrance company Demeter has introduced a new sushi scent. The company's website says it offers a whiff of seaweed and rice with a lemon-ginger essence. But it isn't fishy.
NPR

Sandy's Effects 'Staggering' To New York's Economy

New York Governor Andrew Cuomo says Hurricane Sandy will have a big impact on state budgets. That storm could cost his state $33 billion in economic damage. The situation is much the same in New Jersey.

Pages