Economy & Business

Business news

Earthquake leaves at least 21 dead in central Italy

Aug 23, 2016
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Marketplace staff

From our partners at the BBC:

A magnitude 6.2 earthquake has struck central Italy, leaving at least 21 people dead and many others trapped under rubble, reports say.

"Half the town is gone," said the mayor of Amatrice, one of the worst areas affected.

A family of four were feared dead in the rubble of their house in the nearby town of Accumoli.

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Marketplace

On today's show, we'll talk about about a ruling that will allow graduate students from private universities to unionize; how the Port of Los Angeles handles big ships; and a push from Britain's Labour Party for the government to take back railways from the private sector.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

The National Labor Relations Board ruled 3-1 Tuesday that graduate students working as teaching or research assistants at private universities are employees with the right to collective bargaining.

The decision comes in response to a petition filed by the Graduate Workers of Columbia-GWC and the United Autoworkers Union, which has been seeking to represent grad student assistants at Columbia University.

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Grace Hood

In Colorado, nothing quite says summer like a rafting trip down thrilling rapids. In the southwestern town of Durango, hundreds sign up for trips in July and August.

On a late June afternoon, Dylan and Elizabeth Burton from Washington stepped out from the Animas River in Durango riding a rush of adrenaline. “Perfect, beautiful, fantastic in every way possible,” Dylan Burton said.

KFC releases fried-chicken scented sunscreen

Aug 23, 2016
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Kai Ryssdal

Some of you will remember that time KFC decided to release fried chicken-flavored nail polish a while back. The restaurant chain is out with another non-edible fried chicken product — I'm just gonna let this speak for itself, you decide:

Best Buy beats expectations big time

Aug 23, 2016

Best Buy had a monster day on Wall Street Tuesday, with the stock closing up 20 percent. This came after the electronics retailer reported much better than expected results, including a 21 percent jump in profit. Appliance and consumer electronics sales were especially strong.

This surprised investors and it probably surprised non-investors as well, given the constant talk of Amazon crushing brick and mortar retailers. Best Buy, which is 50 years old this week, hasn’t gone the way of RadioShack or Circuit City.

With Trump, the more he tells us, the less we know

Aug 23, 2016
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Adam Allington

Presidential candidates here in the United States are required to disclose the sources of their income to the FEC. That doesn’t mean however that we get a full picture of their total wealth. Never has this been truer than with a candidate like Donald Trump.

Trump has a stake in over 540 separate entities, everything from golf courses to hotels, to vineyards, even a modeling agency. That is according to a 104-page personal financial disclosure form.

Just southwest of bustling Charleston, S.C., lies a lush and rural gem called Wadmalaw Island, one of the Sea Islands that dot the shoreline. This is the home of the Charleston Tea Plantation, the only large-scale commercial tea plantation in America.

The U.S. could rein in rising drug prices by being more selective about giving patents to pharmaceutical companies for marginal developments, a study concludes.

That's because brand-name drugs with patents that grant exclusivity account for about 72 percent of drug spending, even though they are only about 10 percent of all prescriptions dispensed, according to the study, published Tuesday in JAMA, the journal of the American Medical Association.

Paris begins construction of urban refugee camp

Aug 23, 2016
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Emma Jacobs

The city of Paris has started construction on a pair of urban refugee camps, which will provide modular shelters for more than 1,000 people.  The city hopes the project, announced by Mayor Anne Hidalgo in May, will help to eliminate tent cities that have emerged in public spaces throughout Paris.

How Angela Merkel and Theresa May are the same

Aug 23, 2016
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Kai Ryssdal

Germany, thanks in no small part to Chancellor Angela Merkel, has become a leader in Europe.

The county's been at the heart of negotiations on Greece's debt, the refugee crisis and now what to do about Brexit.

Just yesterday, Merkel set off on a weeklong Post-Brexit tour of Europe, where she'll meet with leaders to discuss a plethora of policies.

Ken Lenox is a 5th generation cattle rancher in Rolla, Missouri with more than 50 years’ experience in the business.  We checked in with Lenox every so often and today we talked about price fluctuations in the cattle market and how his herd is doing this year. 

To hear the full interview, use the audio player above.

The price of the EpiPen has surged. Who pays?

Aug 23, 2016
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Kim Adams

The start of the school year can be an expensive time for parents, but for parents of kids with severe allergies, it’s been an even more expensive shopping trip in recent years. They also have to buy emergency auto-injectors,  and the price of the main one on the market, EpiPen, has skyrocketed.

Marketplace for Tuesday, August 23, 2016

Aug 23, 2016
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Kai Ryssdal

Angela Merkel became one of the most influential world leaders today and how she might proceed post-Brexit; Paris has started construction on its first urban refugee camp — what effect this will have on the city's homeless refugee population; and what does the requirement that presidential candidates disclose their personal finances mean for Donald Trump in this election? 

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