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Economy

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NPR

'Slow, Plodding' Economy Stalled By Housing Market

Home prices have fallen 35 percent from their peak about six years ago and continue to drop. That makes lenders and potential homebuyers nervous, so sales aren't picking up much despite the lowest interest rates in decades. And the unsolved foreclosure mess continues to push prices down even more.
NPR

At Least 100 Sears, Kmart Stores To Close

Sears Holdings announced Tuesday it will shutter at least 100 stores as a cost-cutting measure following a disappointing holiday season. The retailer's namesake Sears and Kmart stores have struggled against competitors such as Wal-Mart, Target and Home Depot. Sears says it will save as much as $170 million through the store closings. It did not say how many employees will lose their jobs.
NPR

The Undertakers Of The Retail Industry

Right now is a perfect moment for a liquidator. The economy is bad enough that big companies are going out of business, but good enough that customers will come and buy the stuff that's for sale.
NPR

Big Technology A Threat To Small Businesses?

Many business owners were outraged when Amazon.com released an app offering discounts on items that customers scanned in stores but later bought on Amazon. Jasmine Johnson started an online petition against Amazon's promotion techniques. She and technology culture reporter Omar Gallaga speak with host Michel Martin.
NPR

Credit Unions Booming From Anti-Bank Outrage

Customer satisfaction for credit unions soared this year, and roughly a million Americans moved their money into credit unions, according to the Credit Union National Association. This was partly due to backlash against big banks instituting new fees. Host Michel Martin hears from regular financial contributor Alvin Hall.
NPR

Sears, Kmart Closings Will Shutter 3 Percent Of Company's Stores

Between 100 and 120 Sears and Kmart stores are going to be shut down as the retailer looks to trim costs and move ahead after it endured a pretty poor holiday shopping season. There are about 4,000 Sears and Kmart stores in the U.S. and Canada.

NPR

With A Job, Life Improves For 9th Grade Dropout

Nearly three decades ago, Kenny Buchanan decided to drop out of school. Over the last 26 years, he's jumped from job to job and unemployment. He now has a full-time job and for the first time in years, he and his family have health insurance and can enjoy a few luxuries.

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