RSS Feed

Bernanke's Comments Give Stocks A Lift

Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. In early afternoon trading, key U.S. indexes were up about 1 percent.

Jobless Claims Rose Last Week

The increase — of 16,000 claims — may be mostly due to seasonal shutdowns of auto plants, which are retooling.
WAMU 88.5

Friday News Roundup - Domestic

House Republicans overwhelmingly resist comprehensive immigration overhaul. President Barack Obama's nominee to head the FBI answers questions about domestic surveillance. And the Boston Marathon bombing suspect pleads not guilty. A panel of journalists joins Diane for analysis of the week's top domestic news stories.


Senator Express Concerns About Smithfield Foods Merger

Smithfield CEO Larry Pope tried to reassure lawmakers that the sale of his Virginia based company will not mean a transfer of jobs to China or a reduction in food safety. He appeared before lawmakers on the Senate Agriculture Committee on Wednesday.

Business News

David Greene has business news.

Wal-Mart Fumes Over D.C. Council Wage Vote

Over the strong objections of Wal-Mart, the City Council in Washington D.C. has approved a bill that would require some large retailers to pay workers a minimum of $12.50 an hour. The city's minimum wage is $8.25. Wal-Mart has threatened to scrap plans to open three stores in the city if the measure is signed by the mayor and becomes law. Patrick Madden of member station WAMU reports.

The Last Word In Business

Renee Montagne and David Greene the Last Word in business.

The Science Of Twinkies: How Do They Last So Darned Long?

When Twinkies hit the stores again on July 15, their shelf life will be nearly twice as long as it used to be: 45 days. (We were surprised it wasn't longer.) There's a whole lot of food science employed to help the creme-filled cake defy the laws of baked-good longevity.

Smithfield Says Pork Won't Change, But Some Aren't Buying It

Worried about the impact on U.S. consumers, farmers and even taxpayers, some senators expressed qualms about the intentions of Shuanghui International Holdings, a Chinese firm that is buying Smithfield Foods.

U.S. Job Market Seen As X Factor In Fed's Stimulus Plans

The Federal Reserve's policy group says that "a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends."