Economy & Business

Parallels
10:44 am
Fri November 1, 2013

London Wants To Be A Center Of Islamic Finance. Why?

London's Shard building was built with Islamic financing.
Karen Prinsloo EPA /Landov

Originally published on Fri November 1, 2013 12:56 pm

British Prime Minister David Cameron announced this week that he wanted London to become "one of the great capitals of Islamic finance anywhere in the world."

Cameron said Britain will issue sukuk, or Islamic bonds, valued at $320 million as early as next year.

But what does all that mean? We take a look:

What are Islamic bonds?

Read more
Economy
5:46 am
Fri November 1, 2013

Fannie Mae Sues Big Banks

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a Fannie Mae lawsuit.

Yesterday, that government-backed mortgage lender sued nine of the world's largest banks, including Bank of America and JPMorgan Chase. The lawsuit contends that by manipulating the interest rate banks use to lend money to each other - a rate called LIBOR - the banks caused Fannie Mae to lose about $800 million.

Planet Money
2:21 am
Fri November 1, 2013

How Much Is NPR's Brand Worth? $400 Million!*

Charles Dharapak AP

Originally published on Fri November 1, 2013 5:19 pm

*This number is a very, very rough approximation

How much is a brand worth? Not the stuff a company sells, or the buildings and factories it owns. Just, basically, the name of the company — and all of the customer loyalty attached to that name.

Oscar Yuan's job is to answer this question. He's a vice president at the brand consulting firm Millward Brown Optimor.

Read more
The Salt
2:17 am
Fri November 1, 2013

Can Starbucks Do For Tea What It Has Done For Coffee?

A pot of tea sits at the newly opened Teavana tea bar in New York City.
Spencer Platt Getty Images

Originally published on Fri November 1, 2013 10:59 am

Starbucks, which revolutionized the coffee industry, is now taking on tea. It has opened its first tea bar, and it's creating mixed tea beverages, some even more complex and customized than the coffee beverages we all know.

This first store, on Madison Avenue in Manhattan, has minimalist decor: gray soft seats, charcoals, chestnut browns. Teavana teas line one wall. Beakers filled with colored liquids greet you at the entrance.

Read more
Business
4:34 pm
Thu October 31, 2013

More Foreign Firms Look To Make It In The USA

Acura MDX sport utility vehicles roll off the assembly line at a Honda plant in Lincoln, Ala., in May. Overseas investors have U.S. assets totaling nearly $4 trillion, including auto plants, banks and mines.
Joe Songer AL.com/Landov

Originally published on Fri November 1, 2013 12:44 pm

When many Americans hear the word "globalization," they think: "jobs going overseas."

And sometimes it does mean just that.

But as globalization knits nations closer together, foreign companies increasingly are creating jobs in the United States, not luring them away. Despite the Great Recession, slow recovery and political dysfunction in Washington, the United States remains a top destination for the world's wealth.

Read more

Pages