Economy & Business

Business
3:35 am
Wed September 25, 2013

Ellison Skips Out On Keynote Address At Oracle Conference

Originally published on Wed September 25, 2013 6:08 am

Larry Ellison — the billionaire CEO of Oracle — was scheduled to deliver a keynote address on Tuesday at Oracle OpenWorld. Thousands showed up or tuned in remotely, but the nation's third-richest man didn't show up. Instead, he was watching Oracle Team USA in the America's Cup.

Business
3:35 am
Wed September 25, 2013

Chinese Online Retailer To Shift IPO To U.S.

Originally published on Wed September 25, 2013 6:00 am

China's biggest online retailer, the Alibaba Group, reportedly has decided it will not launch its Initial Public Offering on the Hong Kong stock exchange. Instead, it wants to bring the IPO to New York. Alibaba processed $170 billion in transactions last year — more than Amazon and eBay combined.

Around the Nation
2:43 am
Wed September 25, 2013

Proposed Power Lines Tangle With Native American History

Four humanlike figures were painted in a cave in Washington hundreds or even thousands of years ago.
Colin Fogarty Northwest News Network

Originally published on Wed September 25, 2013 5:25 am

Imagine running power lines through a cathedral. That's how archaeologists describe what the Bonneville Power Administration proposes doing in the Columbia River Gorge in Washington state. The federal electricity provider is trying to string a new transmission line near a cave that contains ancient paintings, a site considered sacred by Native Americans.

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Planet Money
2:41 am
Wed September 25, 2013

What Happens When Stores Let Customers Return Whatever They Want?

Originally published on Wed September 25, 2013 10:35 am

Sunny Pettinati walked into the L.L. Bean store in Yonkers, N.Y., clutching a plastic bag and looking a little embarrassed.

"I'm returning a sweater that I purchased, I think, about 10 years ago," she said.

The sweater had sat in a drawer, unworn, for years, and she was trying her luck with the store's famously lenient return policy.

It turned out to be painless. A few taps on the keyboard, and the saleswoman handed her a gift card worth the full value of the sweater.

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Health Care
2:36 am
Wed September 25, 2013

Commander In Chief, Explainer In Chief Tout Health Care Law

President Obama joins former President Clinton to talk about the health care law, during the annual Clinton Global Initiative meeting Tuesday in New York.
Getty Images

Originally published on Wed September 25, 2013 10:18 am

President Obama's health care law has so far survived challenges in Congress and the courts. But its biggest test could begin next week. That's when the online marketplaces offering health care coverage to the uninsured are set to start signing people up. The question is, will they come?

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The Two-Way
3:21 pm
Tue September 24, 2013

Airbus Forecast: Asia-Pacific Air Traffic Set For Takeoff

Airbus hopes the global growth in air traffic will fuel demand for its giant A380.
Eric Feferberg AFP/Getty Images

Originally published on Tue September 24, 2013 3:46 pm

There will be more passenger flights in the Asia-Pacific than anywhere else in the world in the next 20 years, with the region accounting for a third of all new commercial aircraft orders, according to Airbus's latest Global Market Forecast.

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The Two-Way
11:57 am
Tue September 24, 2013

Carnival's Earnings Hit By String Of Cruise Ship Problems

Part of the previously submerged, severely damaged right side of the Costa Concordia cruise ship is seen in an upright position last week after it was righted by salvage crews in Isola del Giglio, Italy.
Marco Secchi Getty Images

Originally published on Tue September 24, 2013 2:18 pm

Miami-based Carnival Corp., the world's largest cruise operator, reported a third quarter profit nearly a third lower than a year ago following a series of embarrassing and deadly mishaps involving its ships.

Carnival turned a $934 million profit for the period June through August, down 30 percent from the same quarter in 2012.

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Parallels
10:55 am
Tue September 24, 2013

World Economic Growth Points To More Planes In Asian Skies

An Airbus A320 on display during Airshow China 2012 at China International Aviation Exhibition Center in Zhuhai on Nov. 13, 2012. Increasing prosperity and urbanization in China and elsewhere in Asia will drive the global demand for aircraft, Airbus said Tuesday.
Marina Lystseva ITAR-TASS/Landov

Originally published on Wed October 9, 2013 4:25 pm

The number of global megacities will grow from 42 today to 89 by 2032. The global middle class will more than double by then. And most of this growth will be in the Asia-Pacific region.

What does all this have to do with global aviation?

Airbus, which released the data Tuesday, says that to meet this demand nearly 30,000 new planes will have to be built over the next 20 years.

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The Two-Way
8:38 am
Tue September 24, 2013

Home Prices Rise At Best Pace In Seven Years

This home was under contract last month in Chicago.
Scott Olson Getty Images

Originally published on Tue September 24, 2013 11:02 am

Led by more strong gains in Las Vegas, San Francisco, San Diego and Los Angeles, home prices in major U.S. cities were up just more than 12 percent on average in July vs. July 2012, according to the latest S&P/Case-Shiller Home Price Indices report.

The average increase was the largest since February 2006, Reuters adds, and is yet another sign that the housing sector is among the economy's strongest sectors.

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Politics
7:17 am
Tue September 24, 2013

Sen. Durbin Wants Budget Showdown To End Quickly

Originally published on Tue September 24, 2013 8:13 am

Transcript

STEVE INSKEEP, HOST:

All right. Let's talk more about that debate in Congress, which must pass a bill by Sept. 30 to keep the government running or see a partial shutdown. Republicans in the House passed a bill to fund the government but defund Obamacare; and now that bill is in the Senate, where Richard Durbin of Illinois is the Senate majority whip, the No. 2 Democrat in charge of counting votes. Senator, welcome back to the program.

SEN. RICHARD DURBIN: Good to be with you, Steve.

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