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NPR

New Owner Wants To Rescue Struggling Talbots

The private equity firm Sycamore Partners plans to turn around the 65-year-old retailer Talbots. Sycamore is buying the company for around 10 percent of the stock value five years ago.
NPR

Chesapeake Energy Drives Oklahoma City's Economy

Oklahoma City is enjoying a rebound. The city's pro basketball team is in the playoffs and the unemployment rate is one of the lowest in the country. But one of the city's leading companies, Chesapeake Energy, is in a tough spot because of falling natural gas prices. Local officials worry about what the fall of the company might mean to the Oklahoma capital.
NPR

Is Michigan Rebounding? Depends Who You Ask

The unemployment in Michigan is dropping as the auto industry rebounds, and the state has a budget surplus for the first time in many years. But many local leaders say they're not seeing a comeback. They believe state leaders are helping themselves — and the business community — at the expense of the well-being of cities.
NPR

A Front-Row Seat At A Bank Run

"They say, 'Thefilos, tomorrow I'm going to need 50,000 euros, cash,' " says a Greek bank teller.
NPR

Central Bank President Warns That Euro Is Unstable

The president of the European Central Bank warned Thursday that the set-up of the European currency is unsustainable. In some of the harshest remarks by a senior European official to date, Mario Draghi criticized the vacuum resulting from the lack of action by European governments.
NPR

For Many Teens, Summer Jobs May Be Thing Of The Past

A recession and its lingering effects have made it even harder for teens to find summer employment. But the drop off in teen summer hiring predates the recession.
NPR

U.S. Economic Growth Falls Short Of Expectations

The Commerce Department reported Thursday that the economy grew 1.9 percent in the first three months of the year, down from an earlier estimate of 2.2 percent. And more Americans are jobless and seeking benefits, according to the Labor Department.

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