Economy & Business

News
3:21 pm
Wed March 12, 2014

FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme

Originally published on Wed March 12, 2014 7:14 pm

Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate.

News
3:21 pm
Wed March 12, 2014

President Obama Moves To Expand Overtime Pay

Originally published on Wed March 12, 2014 7:14 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. President Obama is taking another step to raise the wages of workers and he plans to do it without getting Congress involved. The White House says tomorrow Obama will direct the Labor Department to change the rules for businesses on overtime pay. The change could mean that millions of private sector workers currently classified as management could eventually qualify for overtime.

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Around the Nation
3:21 pm
Wed March 12, 2014

Government's Empty Buildings Are Costing Taxpayers Billions

A 132-year-old building owned by the federal government, just six blocks from the White House, has been sitting empty for three decades.
Laura Sullivan NPR

Originally published on Thu March 13, 2014 11:07 am

On a street corner in downtown Washington, D.C., David Wise is opening a century-old iron gate in front of an old, boarded-up brick building.

Wise is an investigator for the Government Accountability Office, the government's watchdog group. His mission is to figure out why the government owns so many buildings, like this one, that it doesn't use.

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The Two-Way
2:46 pm
Wed March 12, 2014

FTC Launches Civil Probe Into Herbalife Ltd.

Susan Goldman AP

Herbalife revealed on Wednesday that the Federal Trade Commission has opened a civil investigation into the practices of the nutrition company, which sells weight-loss shakes, vitamins and other products.

Moments after Herbalife made the announcement, its stock price plunged. At 1:51 p.m., it had lost 12 percent of its value.

Bloomberg explains that hedge fund manager Bill Ackman accused the company of running a pyramid scheme. Bloomberg adds:

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Around the Nation
2:25 pm
Wed March 12, 2014

Juggling Work And Motherhood On A Shoestring Budget

Katrina Gilbert, a single mother raising Brooklynn, Trent and Lydia, says she got involved with an HBO documentary to inspire others.
Barbara Kinney/Courtesy of HBO

Originally published on Wed March 12, 2014 9:06 pm

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