Business

RSS Feed
NPR

Debate: Should The U.S. Break Up Big Banks?

In the years since lawmakers bailed out the financial system in 2008, have we moved beyond "too big to fail"? Or would taxpayer money still have to come to the rescue in another financial crisis? A group of experts debates the wisdom of breaking up the largest banks for Intelligence Squared U.S.
NPR

ATM Maker Diebold Agrees To Settlement In Bribery Case

Ohio-based ATM manufacturer Diebold has agreed to a $48 million settlement with the Securities and Exchange Commission and the Justice Department over bribery allegations. The company is accused of spending more than $3 million to bribe bank officials in China, Indonesia and Russia over a five-year period — a violation of the U.S. Foreign Corrupt Practices Act.
NPR

Is The JPMorgan Settlement Unfair?

The details are still being worked out, but JPMorgan Chase and the Justice Department have agreed to a $13 billion settlement that will close out numerous lawsuits. About $3 billion will go to compensate investors who lost money on securities from banks that JPMorgan acquired during the financial crisis. Federal prosecutors have agreed not to seek punitive damages against JPMorgan for losses related to those deals.
NPR

Happy Birthday, Copy Machine! Happy Birthday, Copy Machine!

This week marks the 75th anniversary of the first modern copier ever made. The technology, which came from serial inventor Chester Carlson, revolutionized the business world and formed the foundation of Xerox's success. It also meant no more messy carbon paper.
NPR

It's City Vs. Creditors In Detroit Bankruptcy Trial

Grappling with $18 billion in long-term debt, Detroit makes it case for bankruptcy in court Wednesday. The business community says Chapter 9 protection will help the city turn itself around, but some big creditors will testify that the city hasn't done enough to find the money it needs.
NPR

Tepid September Jobs Report May Be Just What Markets Desire

Job growth slowed in September. The Labor Department's monthly employment report showed employers adding 148,000 jobs to payrolls. That's less than in the summer months and below the average for the year. The unemployment rate fell to 7.2 percent.
NPR

Netflix Rebounds From 2011 Stumbles By Listening To Audience

Audie Cornish talks to Brian Stelter, media reporter for The New York Times, about the success of Netflix and how the video streaming company has turned itself around.
NPR

Online Insurance Brokers Stymied Selling Obamacare Policies

Many independent health insurance brokers were supposed to be able to sell subsidized health care plans starting Oct. 1. But complications with the rollout of the Affordable Care Act have derailed the plan, and the federal government hasn't said when the problems will be fixed.
NPR

Coffee Coming Up, Nice And Hot ... And Prepared By A Robot

The 50-square-foot Coffee Haus from Briggo offers made-to-order espressos, cappuccinos and other specialty brews from direct-trade beans. Like any good neighborhood barista, it will even remember your favorite order.
NPR

Cuba To Phase Out Two-Peso Currency System

Since the collapse of the Soviet Union, Cuba has used either American currency or a peso that's pegged to the dollar alongside its national peso. The country says it will unify the two currencies.

Pages