Economy & Business

Around the Nation
3:59 am
Wed August 28, 2013

Rim Fire Drives Away Business From Iron Door Saloon

Originally published on Wed August 28, 2013 11:33 am

Transcript

RENEE MONTAGNE, HOST:

As the Rim Fire rages on, thousands of houses are threatened; over 100 have already burned. One of them was the home and the family ranch that Corinna Loh grew up on. Now she's struggling to keep her bar, the Iron Door Saloon, one of California's oldest, up and running. Good morning to you.

CORINNA LOH: Good morning.

MONTAGNE: It sounds like it's been a harrowing week. Tell us what has actually happened to you.

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Business
3:59 am
Wed August 28, 2013

Magazine Touts Arizona's Foliage Over Vermont's Colors

Originally published on Wed August 28, 2013 11:33 am

Transcript

DAVID GREENE, HOST:

And today's last word in business is: say what?

That was roughly the reaction of Vermonters who read this magazine headline. Quote: "Autumn In Arizona and Why It's Better Here Than It Is In Vermont."

RENEE MONTAGNE, HOST:

You see, leaf-peepers, those are the tourists who head north to look at the colorful foliage, are a huge part of the state's economy. An estimated 3.5 million people visit Vermont during the season, spending some $130 million.

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Business
3:59 am
Wed August 28, 2013

JPMorgan Chase In Negotiations With Federal Government

Originally published on Wed August 28, 2013 11:33 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with settling suits for big money.

U.S. authorities are pressing JPMorgan Chase to settle lawsuits over bonds backed by subprime mortgages. And the Federal Housing Finance Agency is looking in the range of $6 billion to settle those suits.

JPMorgan Chase is still negotiating with the government. But here's another eye-popping number: The bank has spent about five billion for legal costs in each of the past two years. Transcript provided by NPR, Copyright NPR.

Business
3:53 am
Wed August 28, 2013

Wal-Mart To Offer Same-Sex Health Benefits

Originally published on Wed August 28, 2013 11:33 am

Transcript

DAVID GREENE, HOST:

And news from the world's biggest retailer: Wal-Mart says beginning next year, it will extend comprehensive medical benefits coverage to domestic and legally married same-sex partners.

Jacqueline Froelich from member station KUAF reports on why Wal-Mart made the change.

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Economy & Business
1:00 am
Wed August 28, 2013

Menominee Nation Urges Walker to Approve Kenosha Casino

The Menominee Nation wants to build a casino in Kenosha
Credit m-i-k-e.jpg

Supporters of a tribal casino in Kenosha turned up the heat on Gov. Scott Walker Tuesday.

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All Tech Considered
1:54 pm
Tue August 27, 2013

Facebook: U.S. Wanted Data On 20,000 Of Its Users This Year

Facebook has issued a report on government requests for its user data.
Flickr Scott Beale

Originally published on Tue August 27, 2013 6:22 pm

In its first "Global Government Requests Report," Facebook has released details on the number of requests it has gotten from government agents for user data.

Facebook reveals that governments around the globe have made 38,000 total requests for user data in the first half of 2013, and the U.S. dwarfs the rest of the world in requests. Up to June 30, the U.S. government asked Facebook for access to accounts of between 20,000 and 21,000 users, the company said.

Facebook has more than 1.1 billion users globally.

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The Two-Way
9:22 am
Tue August 27, 2013

Tesla Sales Hum In California, Beating Porsche, Land Rover

Tesla Motors has outsold several luxury carmakers in California in 2013, on the strength of its Model S, seen here in the foreground. The Telsa Roadster is behind it.
James Lipman Telsa

Originally published on Tue August 27, 2013 11:33 am

It's been a good year for Tesla Motors, the luxury electric car maker, particularly in California, where it's selling more cars than Porsche, Jaguar, Lincoln, or Buick. In 2013, the company has sold 4,714 cars in the state, according to the California New Car Dealers Association.

Here's a rundown of the state's vehicle sales rankings:

  • Tesla: 4,714
  • Porsche: 4,586
  • Land Rover: 4,022
  • Volvo: 2,982
  • Lincoln: 2,230
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The Two-Way
9:16 am
Tue August 27, 2013

Latest Economic Signs Point To Slow, Steady Growth

A home construction site in Oceanside, Calif., earlier this month. Home prices continue to rise across the nation, though the pace appears to have slowed.
Mike Blake Reuters/Landov

Two key economic indicators — home prices and consumer confidence — both seem to signal that slow, steady economic growth lies ahead.

Tuesday's reports:

-- Confidence. The Conference Board's widely watched consumer confidence index increased only slightly in August, to 81.5 from 81 in July, the business research group says.

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Economy
4:10 am
Tue August 27, 2013

Why Aren't Wages Outstripping Inflation?

Things appear to be looing good on the economic front: The stock market is up over the past year, profits have been rising and the U.S. economy has been growing for four years. Yet, wages for many American workers have been stagnant. To find out why, Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.

Around the Nation
4:02 am
Tue August 27, 2013

Residents Of Hot Weather States Sweat Air Conditioning Bills

Transcript

DAVID GREENE, HOST:

Air conditioning is increasingly becoming a necessity, not a luxury, as the number of Americans living in the Sunbelt grows. In Arizona, many people are struggling to keep up with their utility bills. The federal government does have an energy assistance program, but funding is shrinking, and it favors cold weather states that need heating help.

From member station KJZZ in Phoenix, Jude Joffe-Block reports.

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