Economy & Business

Law
4:53 am
Fri October 4, 2013

Mark Cuban Testifies During Insider-Trading Trial

Originally published on Fri October 4, 2013 9:36 am

Transcript

DAVID GREENE, HOST:

One of pro basketball's most colorful figures is not on the court, but he's now in court. Mark Cuban, the billionaire owner of the Dallas Mavericks, defended himself yesterday on civil charges of insider trading.

From member station KERA in Dallas, BJ Austin reports.

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Business
4:52 am
Fri October 4, 2013

Tesla Stock Hits Bumpy Road After Car Fire

Originally published on Fri October 4, 2013 9:36 am

Transcript

RENEE MONTAGNE, HOST:

Stock in the electric carmaker Tesla has been tumbling. That's after a video of a Tesla Model S on fire went viral. The high-end carmaker has lost billions of dollars of in value in just a few days.

NPR's Sonari Glinton reports.

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Business
4:06 am
Fri October 4, 2013

German Beer Festival Goes Vegan

Originally published on Fri October 4, 2013 9:36 am

Transcript

DAVID GREENE, HOST:

And today's last word in business: beer and a shot of vegan?

Munich's Oktoberfest - the Bavarian festival of beer - ends on Sunday. It normally brings in over $1 billion and draws some six million visitors to the German city.

RENEE MONTAGNE, HOST:

Lots of bratwurst and chicken and of course beer get consumed. This year, festival goers have been treated to something else, thanks to the Lorenz Huckett(ph), a 21-year-old cook who took time from working in the kitchen of his father's festival tent to talk to us.

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Business
4:06 am
Fri October 4, 2013

Twitter Releases IPO Documents

Originally published on Fri October 4, 2013 9:36 am

Twitter gave potential investors the first peek at its financials as the company heads toward its initial public offering. Twitter plans to raise $1 billion in its IPO and will trade under the ticker symbol TWTR. While Twitter has quickly transformed the way people communicate and comment on events, it has yet to establish itself as a business.

Business
4:06 am
Fri October 4, 2013

Part-Time Workers Search New Exchanges For Health Insurance

The specialty grocer Trader Joe's says next year it will end its policy of offering health benefits for part-time workers. Instead, the store will offer part-timers cash to help buy coverage.
Bloomberg via Getty Images

Originally published on Fri October 4, 2013 3:26 pm

Across the U.S., many part-time workers have joined the millions shopping for coverage in the new health care marketplace. Some are uninsured. Others are being pushed into the new exchanges because their employers — companies that include Trader Joe's and Home Depot — decided to drop coverage for part-timers.

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Business
4:06 am
Fri October 4, 2013

Shutdown Delays September Jobless Figures

Originally published on Fri October 4, 2013 9:36 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with no new jobs report.

The Labor Department says it's not releasing the September employment report today as scheduled. The jobs report is almost always released on the first Friday of the month. Not this time. That's thanks to the shutdown, which is in its fourth day.

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Shots - Health News
4:46 pm
Thu October 3, 2013

Insurance Brokers Look For Relevance As Health Exchanges Grow

Tim Hebert, an insurance broker in Fort Collins, Colo., says he expects that the health care law will wind up being good for his business.
Kara Donahoe Courtesy of Tim Hebert

Originally published on Fri October 4, 2013 10:38 am

When states and the federal government rolled out online marketplaces to help people buy health insurance on Tuesday, you'd think that old-fashioned insurance brokers would have been worried.

All told about $200 million is being spent on a new army of people to help consumers find their way. These navigators, guides or assisters, as they're called, would seem to threaten the business of traditional brokers.

Many brokers work for small independent businesses. So are brokers at risk of becoming the next travel agents, whose ranks were thinned by online shopping?

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Economy
4:23 pm
Thu October 3, 2013

Shutdown Might Mean No Jobs Report, But Does It Matter?

Originally published on Fri October 4, 2013 10:38 am

Transcript

MELISSA BLOCK, HOST:

Among the casualties of this week's government shutdown is one pretty big economic indicator. The Labor Department confirmed today that it will not release September's unemployment report tomorrow as scheduled. The Bureau of Labor Statistics, which compiles the report, says it doesn't have enough people on hand to crunch the numbers.

NPR's Jim Zarroli looks at the impact of the decision on markets.

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Economy & Business
2:49 pm
Thu October 3, 2013

58% of Wisconsin Residents Think State is Heading in the Right Direction

Direction of the State of Wisconsin, by personal financial situation.
Credit Wisconsin Economic Scorecard

Lake Effect's Mitch Teich interviews Joseph Cera, manager of the Survey center at the UWM Center for Urban Initiatives and Research.

The Wisconsin Economic Scorecard asked hundreds of Wisconsin residents how feel about the state's economy.

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The Two-Way
11:27 am
Thu October 3, 2013

Tesla's Stock Gets Burned After Car Fire And Downgrading

A Tesla Model S at the 2013 North American International Auto Show in Detroit on Jan. 15.
Stan Honda AFP/Getty Images

Originally published on Thu October 3, 2013 12:26 pm

High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.

Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.

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