Economy & Business

The Two-Way
4:10 pm
Fri January 24, 2014

Holder Favors Pot Banking, And Legal Dealers Shrug

A marijuana bud and cash at a shop in Denver. An owner of marijuana stores in the city says of his company's bank account, "We treat it like gold."
Ed Andrieski AP

When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state-sanctioned pot businesses, I assumed the industry would react with cheers. After all, they've long complained about being black-balled by banks, which are justifiably afraid of violating federal laws against handling drug money.

But when I started calling around today, the reactions ranged from "That's nice" to "Meh."

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The Two-Way
3:34 pm
Fri January 24, 2014

Dow Loses 318 Points, The Most In One Day Since June

The Dow closed 318 points lower on Friday, the biggest one-day drop since June.

As NBC News puts it, the index joined the rout that hit European and Asian markets on fears that the global economy is slowing.

The Wall Street Journal adds:

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All Tech Considered
3:09 pm
Fri January 24, 2014

Tech Week That Was: The Mac Turns 30, More NSA Rumblings

Apple's CEO Steve Jobs (left) and President John Sculley display the hardware unveiled at the annual shareholders meeting on Jan. 24, 1984.
Terry Schmitt UPI/Landov

It may have been a slow news week — no national security flaws or revelations, no more signs that Google is trying to take over the world — but we had plenty of content to feed your tech appetite here on All Tech Considered.

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Planet Money
12:54 pm
Fri January 24, 2014

An Astonishing Share Of Homebuyers Are Paying All Cash

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More and more people are buying homes with pure cash. In December, all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data.

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Economy & Business
12:33 pm
Fri January 24, 2014

Boston Store Will Stay at Grand Avenue for Four Years, Pending City Support

Boston Store will sign a four-year lease to stay in the Grand Avenue mall if the city gives it $1.2 million in incentives.
Credit AdamL212/Flickr

Lake Effect's Mitch Teich interviews Milwaukee Business Journal reporters Stacy Vogel Davis and Sean Ryan.

Boston Store will remain as the west-end anchor of the Shops of Grand Avenue after it agreed this week to four-year lease extension, contingent on city support.

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All Tech Considered
9:50 am
Fri January 24, 2014

As Windows XP Fades Away, Will Its Users Stick With Microsoft?

A man walks past a Microsoft billboard featuring Windows XP in November 2001 in Beijing.
Kevin Lee Getty Images

Originally published on Mon January 27, 2014 9:10 am

Windows XP may have been largely developed in a different millennium, but it's not going into retirement without a fight.

Even as Microsoft promotes Windows 8, its latest operating system, Windows XP is still the second-most used OS on nonmobile computers, according to Net Applications web analytics. Debuting in 2001, XP lasted through three new Microsoft operating systems and the growth of mobile technology.

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Business
6:29 am
Fri January 24, 2014

David's Bridal Goes Upscale Near Beverly Hills

David's Bridal is famously known for carrying inexpensive bridal dresses, some for less than $100. Now the company wants to offer an elevated experience for brides to be — with chandeliers, marble tiling and plush chairs. There will be price tags to match — as much as 2,000.

Business
4:12 am
Fri January 24, 2014

Wal-Mart Creates Fund To Spur U.S. Manufacturing

Originally published on Fri January 24, 2014 6:29 am

The $10 million fund will supply grants to projects aimed at creating new processes and jobs in the sector. The fund will be launched in March, and Wal-Mart will fund the grants for five years.

Business
4:12 am
Fri January 24, 2014

Drowning In Debt, Bike Sharing's Bixi Files For Bankruptcy

Originally published on Fri January 24, 2014 6:29 am

Montreal-based Bixi, which came up with the bike sharing systems offered in many American cities, has filed for bankruptcy. Renee Montagne talks with Andy Riga of the Montreal Gazette about where things went wrong for Bixi, and the future prospects of its operations in North America.

Business
4:12 am
Fri January 24, 2014

MIT Housing Survey Focuses On 70 Metro Areas

Originally published on Fri January 24, 2014 6:29 am

A new report from the MIT Center for Real Estate forecasts home prices in 60 U.S. cities. Whether housing prices are going up or down depends on where you live.

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