Business | WAMU 88.5 - American University Radio

Business

RSS Feed
NPR

Rajat Gupta Sentenced To Prison For Insider Trading

Rajat Gupta, a man who operated at the top levels of American business, was sentenced to two years in prison on Wednesday. He was convicted of insider trading in a case that grew out of the prosecution of hedge fund manager Raj Rajaratnam, who is now in prison.
NPR

U.S. Sues Bank Of America For Mortgage Fraud

The government sued Bank of America on Wednesday, claiming it stuck taxpayers with losses by intentionally selling dodgy home loans to the government-backed mortgage companies Fannie Mae and Freddie Mac. The civil suit, filed by the U.S. attorney in New York, seeks at least $1 billion in damages. The government says Countrywide Financial, a mortgage lender acquired by Bank of America in 2008, had a system called "the hustle" that skirted quality control to quickly sell defective mortgages to Fannie and Freddie.
NPR

Mortgage Interest Deduction Could Be In Play

Both President Obama and Mitt Romney have suggested ways to scale back the deduction's value for wealthy taxpayers. It's one of the keys to helping reduce the federal budget deficit, but the real estate industry says the housing market is too fragile to eliminate the tax break altogether.
NPR

Here's The List: 63 Barnes & Noble Stores Where Crooks Hacked PIN Pads

If you shopped recently at those stores and used a credit or debit card there's a chance that thieves got hold of data about about your accounts and your PIN number. Check the list.
NPR

Equal Pay For Equal Work: Not Even College Helps Women

A new study from the American Association of University Women finds new female college graduates educated the same as men and who have similar professional opportunities earn 82 cents to every dollar a male graduate earns.
NPR

The Sick Turn To Crowd Funding To Pay Medical Bills

Crowd funding isn't just for hipster artists anymore. In 2012 alone, users of the site GoFundMe have raised more than $6 million for personal medical causes.
NPR

Mobile Ad Sales Help Boost Facebook Earnings

Facebook beat analysts' expectations, posting solid sales in the third quarter Tuesday. Most important to the company's future, 14 percent of its revenues came from mobile advertising. Chief executive Mark Zuckerberg said he wants to "dispel the myth that Facebook can't make money from mobile." Still, Facebook's mobile partner, game maker Zynga, is in trouble and announced it is laying off 5 percent of its workforce.
NPR

Apple Unveils Pencil-Thin iPad Mini

Apple unveiled its iPad Mini on Tuesday. This smaller tablet is set to compete against the Amazon Kindle Fire and Google's Nexus 7. Apple's other product announcements, about notebook and desktop computers, demonstrate the company's technical innovation on many platforms.

Pages