Economy & Business

All Tech Considered
11:52 am
Thu September 12, 2013

The $7 Billion Tech Acquisition You Haven't Heard Of

Molex makes the four-prong connector you see at left.
Taylor Bennett Flickr

Originally published on Thu September 12, 2013 12:33 pm

While most of us were distracted waiting for a gold iPhone — gold! — the billionaire industrialist Koch brothers quietly made a deal to acquire an electronics company for $7.2 billion. The company they bought? Molex.

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The Two-Way
11:44 am
Thu September 12, 2013

Bitter Battle Ends As Dell Shareholders OK $25 Billion Buyout

Dell Chairman and CEO Michael Dell in 2011.
Kimihiro Hoshino AFP/Getty Images

Dell Inc. shareholders, as expected, have approved founder Michael Dell's $25 billion offer to take the company private, ending a protracted battle that saw billionaire investor Carl Icahn mount his own takeover bid for the computer maker.

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Parallels
11:30 am
Thu September 12, 2013

Libya Faces Looming Crisis As Oil Output Slows To Trickle

Libyan oil exports have plunged because of strikes at oil terminals on the northeastern coast. Supply has also been disrupted in the country's southern fields.
Hussein Malla AP

Originally published on Thu September 12, 2013 12:47 pm

If you looked for stories on Libya's oil industry after the revolution that ousted Moammar Gadhafi in 2011, you'd find encouraging headlines like these:

Spared in War, Libya's Oil Flow Is Surging Back

Libya rises fast from the ashes

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The Two-Way
11:17 am
Thu September 12, 2013

D.C. Mayor Vetoes 'Living Wage' Bill Targeting Large Retailers

A worker collects shopping carts at a Wal-Mart parking lot, in Bristol, Pa.
Matt Rourke AP

Originally published on Thu September 12, 2013 1:25 pm

Washington, D.C., Mayor Vincent Gray has vetoed a controversial "living wage" bill that would have forced large retailers such as Wal-Mart to pay a 50 percent premium on the district's $8.25 per hour minimum wage.

When the bill was approved by the city council in July, Wal-Mart said it would abandon three of the six stores it planned to build in the district, claiming the required minimum $12.50 it would have to pay was too much.

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Law
11:12 am
Thu September 12, 2013

Losing Home Over $200? Tax Lien Fallout

Originally published on Thu September 12, 2013 2:29 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Later this hour, two stories that suggest that hair has a weightier topic than many people might think. We'll speak with a man who had to take his seven-year-old out of school because she wore dreadlocks and we'll find out why the president of Venezuela is pressing the police to do something about hair thieves. That's coming up later.

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The Two-Way
10:51 am
Thu September 12, 2013

New FBI Chief Says Budget Cuts Threaten Agency's Mission

Newly minted FBI Director James Comey speaks at a swearing-in ceremony last week at the Justice Department in Washington, D.C.
Susan Walsh AP

Originally published on Thu September 12, 2013 12:10 pm

In his first full week on the job, new FBI Director Jim Comey is already expressing "intense concern" about budget cuts hitting the bureau as part of sequestration.

Comey used his first visits to FBI field offices in Virginia and New York, where he once served as a federal prosecutor, to sound an alarm about the ability to fulfill the agency's mission in a time of belt tightening.

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Economy & Business
9:21 am
Thu September 12, 2013

Plan Underway to Convert Wauwatosa's Warehouses Into Shopping Center

One of the many sketches in the works for the Mayfair Collection, opening in April 2014.
Credit REJblog

A Chicago developer may be setting a precedent as it repurposes Wauwatosa’s warehouses into a shopping center.

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Economy & Business
9:07 am
Thu September 12, 2013

PHOTOS: Train Cars Get New Life at Avalon Rail

Avalon Rail president June Garland offers an inside look at the company's West Allis train rehab shop.
Dan Harmon

Lake Effect's Dan Harmon takes us on a tour of Avalon Rail in West Allis.

Whether or not you are a rail fan, you might have noticed private rail cars attached to the end of a conventional train, or sitting on the tracks at the intermodal station in Milwaukee. 

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The Two-Way
8:04 am
Thu September 12, 2013

Jobless Claims Hit 7-Year Low, But Data Weren't Complete

At a Target store in San Francisco last month, job seekers waited in line.
Justin Sullivan Getty Images

A plunge in the number of first-time claims for jobless benefits last week — to a 7-year-low 292,000 — can be partly explained away by "technical problems," Reuters writes:

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Business
4:12 am
Thu September 12, 2013

Britain Plans To Privatize Royal Mail

Originally published on Thu September 12, 2013 5:57 am

British officials unveiled plans Thursday morning to sell the majority of its centuries old postal service. It's the largest privatization of a government service the country has seen in decades. The public offering of the world's oldest postal service would take place in the coming weeks.

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