Economy & Business

The Two-Way
7:58 am
Thu December 19, 2013

Existing Home Sales Dip, But Prices Rise

A "sale pending" sign in front of a home in San Anselmo, Calif., earlier this year.
Justin Sullivan Getty Images

Originally published on Thu December 19, 2013 9:33 am

Update at 10:30 a.m. ET: The day's second major economic indicator is another good news/bad news report.

The good news is that prices of existing homes continue to rise, the National Association of Realtors says.

"The national median existing-home price for all housing types was $196,300 in November, up 9.4 percent from November 2012," according to NAR.

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Business
6:10 am
Thu December 19, 2013

Millions Of Credit Cards Affected By Data Breach At Target

Originally published on Thu December 19, 2013 11:08 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Target customers targeted.

(SOUNDBITE OF MUSIC)

INSKEEP: This is the story of a recent cyber-attack on Target customers around the country, which is now under investigation by the giant retailer. Over 1,500 stores may have been compromised, and at least one million customers. It's being described as one of the largest retail breaches to date. The credit card data was apparently stolen with software installed on the machines customers use to swipe their cards.

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The Two-Way
5:47 am
Thu December 19, 2013

Breach At Target Stores May Affect 40 Million Card Accounts

Justin Sullivan Getty Images

Originally published on Thu December 19, 2013 8:04 am

Target Corp. acknowledged early Thursday that there was a massive security breach of its customers' credit and debit card accounts starting the day before Thanksgiving and extending at least to Dec. 15 — the heart of the holiday shopping season.

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Around the Nation
4:20 am
Thu December 19, 2013

Scientists Charge BP Oil Spill 'Gravely' Injured Dolphins

Originally published on Thu December 19, 2013 11:08 am

Transcript

STEVE INSKEEP, HOST:

The BP oil spill turned out to be less disastrous than people feared at the beginning, but it still was a disaster, and the effects are still being felt. Dolphins in the Gulf of Mexico are getting very sick, we're told, from exposure to oil. For the first time, a government study confirms a host of problems in dolphins who live in one of Louisiana's bays worst affected. Here's NPR's Debbie Elliot.

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Economy
3:34 am
Thu December 19, 2013

Fed To Dial Back Its Bond-Buying Stimulus Program

Originally published on Thu December 19, 2013 11:08 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

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Business
3:29 am
Thu December 19, 2013

Even If FCC Relaxes Rules, Delta Won't Allow In-Flight Calls

Originally published on Thu December 19, 2013 11:08 am

Transcript

DAVID GREENE, HOST:

If you ever fly, you've heard it countless times: You cannot use your cellphone while en route to your destination. Federal rules will not allow it. That could change now, as the FCC considers relaxing those rules. But in advance of that decision yesterday, Delta Airlines said it plans to remain committed to high altitude quiet time.

Here's NPR's Kathy Lohr.

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NPR Story
3:29 am
Thu December 19, 2013

Senate Follows House, Passes Budget Deal

Originally published on Thu December 19, 2013 11:08 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Despite some very loud grumbling, both chambers of Congress have approved a two-year federal budget plan. This drops the odds of a federal government shutdown early next year, but it certainly does not end the debate over federal spending.

INSKEEP: NPR's Tamara Keith is on the line this morning to talk about one figure from the agreement, which suggests the scale of budget fights ahead. And Tamara, what's the figure?

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All Tech Considered
2:04 am
Thu December 19, 2013

Bay Area's Steep Housing Costs Spark Return To Communal Living

Residents of the Embassy House, a communal home near San Francisco's Haight-Ashbury district, eat dinner together every Sunday.
Elise Hu NPR

Originally published on Thu December 19, 2013 11:08 am

This week, we're exploring the San Francisco Bay Area and the way income inequality is affecting the region. Check out the other pieces of the week, aggregated on this page.

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Planet Money
4:49 pm
Wed December 18, 2013

A Tiny Taper, In 2 Graphs

Tapir
Flickr

In the past five years, the Federal Reserve has created roughly $3 trillion out of thin air.

The Fed uses the money it creates out of thin air to buy bonds. The idea is to drive down interest rates, which encourages people and businesses to borrow and spend money. It's called quantitative easing.

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The Two-Way
4:46 pm
Wed December 18, 2013

Top SAC Capital Manager Guilty Of Insider Trading

Michael Steinberg (left) departs federal court in Manhattan on Wednesday after being found guilty on charges that he traded on insider information.
Lucas Jackson Reuters/Landov

Originally published on Wed December 18, 2013 6:42 pm

Michael Steinberg, a top portfolio manager at SAC Capital Advisors, has been found guilty of insider trading — the latest conviction stemming from a years-long federal investigation into the hedge fund's activities.

Steinberg was found guilty on five counts of conspiracy and securities fraud.

Reuters writes:

"Prosecutors said he traded on confidential information that was passed to him by an employee, who later admitted to swapping illegal tips with friends at other firms."

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