Business | WAMU 88.5 - American University Radio

Business

RSS Feed
NPR

Could U.S. Produce Enough Oil To Rival Saudi Arabia?

An oil boom, spurred in large part by hydraulic fracturing, could boost U.S. production next year to more than 11 million barrels a day, which would nearly equal Saudi Arabia's current output, according to Energy Department projections. The spurt is expected to boost U.S. energy jobs.
NPR

Rajat Gupta, Former Goldman Sachs Director, Sentenced To Two Years

Gupta was once a director at Goldman Sachs and Procter & Gamble. He was convicted of leaking information to convicted hedge fund manager Galleon Rajaratnam.
NPR

Crooks Target Barnes And Noble's PIN Pad Devices

Hackers stole credit card information from Barnes and Noble customers last month. Audie Cornish speaks with Kim Zetter, senior reporter for Wired magazine, about the security breach, and why point of sale systems are growing vulnerable to security threats.
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.

Pages