Sunday marks the 5th anniversary of the collapse of one of the nation's leading banking institutions Lehman Brothers. The failure of the bank triggered a global financial crisis and led to the deepest recession in decades. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.
Twitter announced via Tweet Thursday that it's launching its long awaited initial public offering. It will be the most high profile IPO since Facebook went public last year. But Twitter hopes to avoid the mishaps that's marred Facebook's stock market debut.
Now, the future shape of the economy will be influenced, in part, by negotiations in Congress this month. What could possibly go wrong? If Congress doesn't act by the end of this month, there will be a partial government shutdown and then in October a fight over the debt ceiling looms. Some Republicans want to rerun a tactic they used in 2011, refusing to borrow to pay for commitments Congress previously made unless the White House agrees to Republican budget demands. NPR congressional correspondent Tamara Keith has the latest.
California is seeing its first increase in the state's minimum wage in six years - a 25 percent increase this time around. Yesterday, the state legislature voted to raise the minimum wage to $10 an hour by 2016. Governor Jerry Brown is expected to sign that bill into law.
Originally published on Thu September 12, 2013 12:33 pm
While most of us were distracted waiting for a gold iPhone — gold! — the billionaire industrialist Koch brothers quietly made a deal to acquire an electronics company for $7.2 billion. The company they bought? Molex.
Dell Inc. shareholders, as expected, have approved founder Michael Dell's $25 billion offer to take the company private, ending a protracted battle that saw billionaire investor Carl Icahn mount his own takeover bid for the computer maker.
Originally published on Thu September 12, 2013 1:25 pm
Washington, D.C., Mayor Vincent Gray has vetoed a controversial "living wage" bill that would have forced large retailers such as Wal-Mart to pay a 50 percent premium on the district's $8.25 per hour minimum wage.
Mexico's president has unveiled a major shakeup of the country's tax system. His administration says it's aimed at capturing more of Mexico's paltry tax collection. Critics say it's unfairly targeting the middle class. Among the items slated for taxing: dog food and private school tuition.
British officials unveiled plans Thursday morning to sell the majority of its centuries old postal service. It's the largest privatization of a government service the country has seen in decades. The public offering of the world's oldest postal service would take place in the coming weeks.