Economy & Business

The Salt
11:40 am
Thu July 25, 2013

The FDA Doesn't Want Chickens To Explore The Great Outdoors

Free-range chickens feed in a pasture on an organic farm in Illinois.
Seth Perlman AP

Originally published on Wed July 31, 2013 2:51 pm

Organic egg farmers are divided in their reaction to a new FDA proposal that's intended to reduce the risk of salmonella infection among free-roaming chickens. They even disagree about what the document, called "Guidance for Industry," actually requires.

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Business
11:18 am
Thu July 25, 2013

Government Charges SAC In Insider Trading Case

Federal prosecutors have filed criminal charges against one of the most famous and successful hedge funds in the world. The government alleges that SAC Capital Advisors is criminally responsible for insider trading that went on at the firm.

Politics
11:06 am
Thu July 25, 2013

White House Talks Income Gap: New Ideas About Old Problems?

President Obama's economic speaking tour seems reminiscent of campaign speeches in 2008. Guest host Celeste Headlee asks NPR's Ron Elving why the White House is sending this message again.

Economy
11:06 am
Thu July 25, 2013

White House Economics: Growing 'From The Middle Class Out'

President Obama is putting out a message of economic revitalization, starting with the middle class. Cecilia Munoz, Director of the White House Domestic Policy Council, explains why the executive branch is pushing the message now. She speaks with guest host Celeste Headleee.

The Two-Way
9:42 am
Thu July 25, 2013

Big Coup For One Of The Big Three: Impala Called Best Sedan

The 2014 Chevrolet Impala, which Consumer Reports says its better than its foreign rivals.
Justin Lane EPA /Landov

Originally published on Thu July 25, 2013 10:12 am

The city of Detroit may be on the skids financially, but one of its traditional "big three" automakers just scored a big win.

For the first time since it began making such comparisons between sedans in 1992, Consumer Reports magazine has given its top rating to a model made by a U.S. automaker — not one made by a European or Japanese company.

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The Two-Way
9:42 am
Thu July 25, 2013

Feds Charge SAC Capital In Insider Trading Case

Former SAC portfolio manager Michael Steinberg (center) exits a Manhattan federal court with his attorney after his indictment on securities fraud charges in March.
Louis Lanzano AP

Originally published on Thu July 25, 2013 10:29 am

Federal officials in New York City have charged SAC Capital Advisors with insider trading, the culmination of a protracted investigation into the hedge fund founded by embattled billionaire Steven Cohen.

SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees" at "various times between in or about 1999 through at least in or about 2010," according to the indictment.

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The Two-Way
8:09 am
Thu July 25, 2013

Jobless Claims Rose Last Week; Key Orders Up In June

Originally published on Thu July 25, 2013 9:04 am

There were 343,000 first-time claims filed for unemployment insurance last week, the Employment and Training Administration says. That was up from an estimated 336,000 the week before.

The increase is from what had been a 10-week low. But basically, claims have been ranging between the mid-330,000s and mid-370,000s all year. Like other employment indicators, the jobless claims figures have been signalling that job growth remains modest.

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Economy & Business
7:58 am
Thu July 25, 2013

Second Quarter Sales, Net Income Up for Harley Davidson

The Harley Davidson Museum in Milwaukee will be a popular attraction during the company's upcoming 110th anniversary celebration.

Milwaukee-based  Harley Davidson logged a strong second quarter.

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Business
4:27 am
Thu July 25, 2013

Ex-Goldman Sachs Executive Takes The Stand

Originally published on Thu July 25, 2013 6:58 am

Transcript

DAVID GREENE, HOST:

A former executive at Goldman Sachs will take the stand again in his civil fraud trial this morning. Fabrice Tourre is accused of misleading investors about a security he marketed and sold in the months leading up to the subprime mortgage collapse.

Tourre began testifying yesterday afternoon, and NPR's Jim Zarroli was there. Jim, good morning.

JIM ZARROLI, BYLINE: Good morning.

GREENE: So give us the background, here, if you can. What is Fabrice Tourre accused of, exactly?

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The Two-Way
4:47 pm
Wed July 24, 2013

Why The Latest Gulf Leak Is No BP Disaster

Fire boats battle a fire at the off shore oil rig Deepwater Horizon in April 2010.
U.S. Coast Guard Getty Images

Originally published on Wed July 24, 2013 5:06 pm

Teams of workers are mobilizing in the Gulf of Mexico to try to stem a natural gas leak at an offshore drilling rig that exploded and caught fire Tuesday. The rig off the Louisiana coast has been partially destroyed by the out of control blaze, and firefighting boats are on the scene.

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