Economy & Business

Economy
6:06 am
Wed July 24, 2013

As Obama Renews Jobs Push, How Is The Economy Doing?

Workers line up pipe while drilling for oil outside Watford City, N.D. While the energy sector has been strong, millions of Americans have been out of work since the recession ended.
Andrew Burton Getty Images

Originally published on Wed July 24, 2013 9:35 am

The U.S. economy has been growing for four straight years — each under the leadership of President Obama.

But the pace of improvement has been disappointing to many, especially the nearly 12 million people still looking for work.

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Business
5:51 am
Wed July 24, 2013

Daimler Profits Rev Up In Second Quarter

Originally published on Wed July 24, 2013 10:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with fancy cars revving up.

(SOUNDBITE OF MUSIC)

Business
4:55 am
Wed July 24, 2013

Apple's iPhone Sales Up, But Profits Down

Originally published on Wed July 24, 2013 10:59 am

Transcript

RENEE MONTAGNE, HOST:

Apple sold more iPhones than expected last quarter, though its profits are down compared to last year. Still, in a quarter were other tech companies aren't meeting expectations, some analyst's say Apple isn't doing too badly.

NPR's Laura Sydell reports.

LAURA SYDELL, BYLINE: Apple's revenue was pretty much flat, at a little over 35 billion, and its profits were down nearly two billion. Despite a rise in iPhone sales, Samsung is still selling more smartphones.

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Business
4:48 am
Wed July 24, 2013

Congress Weighs Whether Big Banks Can Own Commercial Assets

Originally published on Wed July 24, 2013 10:59 am

Transcript

DAVID GREENE, HOST:

Congress is talking again about whether big banks are taking on too much risk. This time, the question is whether banks should be allowed to own commercial assets, including everything from oil and metals to warehouses and parking garages.

As NPR's Yuki Noguchi reports, the question is whether holding a vast array of assets makes banks safer and more stable, or prone to more market risk.

YUKI NOGUCHI, BYLINE: The Senate Banking Committee's Sherrod Brown, an Ohio Democrat, framed the issue this way...

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Economy
4:48 am
Wed July 24, 2013

Ahead Of Obama's Economic Speech, A Look At Key Indicators

Originally published on Wed July 24, 2013 10:59 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Later today, in the college town of Galesburg, Illinois, President Obama will make one in a series of speeches about the nation's economy. The move, in part, seems aimed at raising pressure on Congress to avoid gridlock and partisan showdowns.

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All Tech Considered
2:23 am
Wed July 24, 2013

Online Marketers Take Note Of Brains Wired For Rewards

Originally published on Wed July 24, 2013 10:59 am

Ask yourself: Are you addicted to technology — any technology? Do you check email obsessively, tweet without restraint or post on Facebook during Thanksgiving dinner? Or perhaps you are powerless in the face of an iPad loaded with Angry Birds?

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The Salt
4:44 pm
Tue July 23, 2013

Taco Bell Says Adios To Kids' Meals And Toys

Steve Helber AP

Originally published on Tue July 23, 2013 5:32 pm

That Crunchy Taco will no longer come with a side of toy.

Taco Bell announced Tuesday that it is ditching kids' meals and the trinkets that come with them at its U.S. locations. The items will begin to come off menus starting this month, the company says, and should be completely gone by January 2014.

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Business
3:13 pm
Tue July 23, 2013

Steve Cohen Fights Back Against Claims Of Insider Trading

Originally published on Tue July 23, 2013 5:16 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

Billionaire Steven Cohen is fighting back. He faces federal charges that he didn't do enough to prevent insider trading at his hedge fund SAC Capital. As The Wall Street Journal reported this morning, Cohen's firm issued a rebuttal, claiming that he never saw an email that's an important part of the government's case.

Here's NPR's Jim Zarroli.

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The Salt
2:48 pm
Tue July 23, 2013

Howard Buffett Battles Hunger, Armed With Money And Science

Buffett in a pinto bean field on the Arizona farm, where he grew 60,000 pounds of beans for a Tucson food bank in 2012. Another goal of Buffett's research farm is to find better crops for poor subsistence farmers.
Nick Oza for NPR

Originally published on Wed July 24, 2013 10:12 am

Get Howard Buffett into the cab of a big ole' farm tractor and he's like a kid — albeit a 58-year-old, gray-haired one. He's especially excited when it comes to the tractor's elaborate GPS system, which he describes as "very cool."

"I'm driving hands-free," says Buffett, the son of billionaire investor Warren Buffett.

He says that the tractor has been automatically set to plant 16 perfect rows of seeds, "so it makes everything more efficient. And it's going to give you a better crop in the end."

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All Tech Considered
2:41 pm
Tue July 23, 2013

See The 10 States With The Fastest Internet Connections

Originally published on Tue July 23, 2013 3:15 pm

Vermont, New Hampshire and Delaware get a notable benefit of being small: faster Internet connections. In the latest Akamai State of the Internet Report, they top the list of states with the fastest average connection speeds, and make the top 10 states with fastest peak connection speeds, too.

Check out the rankings, which include download speeds measured in megabits per second, and the year-on-year change for those numbers.

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