Economy & Business

NPR Story
5:40 am
Wed April 9, 2014

Tax Preparers Often Get Returns Wrong

Originally published on Wed April 9, 2014 7:02 am

Transcript

DAVID GREENE, HOST:

We'll begin NPR's business news with a tax audit.

(SOUNDBITE OF MUSIC)

GREENE: Tax Day is less than a week away, everyone. And the Government Accountability Office just examined the work of 19 paid tax preparers - 17 got things wrong. Things like, failing to report tips as income or mistakenly applying certain tax credits.

NPR Story
5:40 am
Wed April 9, 2014

Sixth Grade Investors Outdo College Investment Clubs

Originally published on Wed April 9, 2014 7:02 am

Math classes at Oak Grove Lutheran School in Fargo, N.D., made a number of investments. One of the classes beat out investment clubs at universities including Cornell, Columbia and NYU.

The Two-Way
5:51 pm
Tue April 8, 2014

GM At Odds With Feds Over Recall-Related Documents

A Chevrolet logo on the grill of a 2013 Traverse at the 2013 Pittsburgh Auto Show. General Motors is recalling more than 1.5 million vehicles, including SUVs, vans and Cadillacs, for defective ignition switches and other problems.
Gene J. Puskar AP

Originally published on Wed April 9, 2014 5:07 am

General Motors says it has "fully cooperated" with federal authorities in connection with the recall of 2.6 million cars for defective ignition switches and other problems.

But the National Highway Traffic Safety Administration disagrees and says it will fine the automaker $7,000 for each day it misses a deadline to answer 107 questions that passed on April 4.

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All Tech Considered
3:55 pm
Tue April 8, 2014

The Security Bug That Affects Most Of The Internet, Explained

A screen grab from a Heartbleed test Tuesday morning showed Yahoo was vulnerable. The company has since fixed the vulnerability.
filippo.io/Heartbleed screengrab

Originally published on Wed April 9, 2014 4:45 pm

Editor's Note: A very serious bug with a scary name, Heartbleed, was discovered and disclosed this week. The bug affects OpenSSL, a popular cryptographic library that is used to secure a huge chunk of the Internet's traffic. Even if you have never heard of OpenSSL, chances are, it's helped secure your data in some way.

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Law
3:01 pm
Tue April 8, 2014

New Rules Force Big Banks To Keep A Bigger Cushion

Originally published on Wed April 9, 2014 4:24 am

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Five and a half years after the financial crisis that devastated the global economy, U.S. officials are taking steps to strengthen the nation's banking system. Today, the Federal Reserve and the Federal Deposit Insurance Corporation approved tough new rules that require banks to hold a lot more capital on their books. Regulators say the requirements will reduce the risk of bank failures during bad economic times.

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