From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. The stock market usually likes good news about the economy, but that's not always the case. This morning, stocks opened down sharply just after the government announced a surprisingly large drop in initial claims for unemployment benefits. In fact, claims fell to the lowest level since before the recession and the Dow Jones Industrials ended the day down 225 points, a decline of 1.5 percent.
For auto companies, that Environmental Protection Agency-approved MPG sticker on a new car is a high stakes and expensive process. These days it can be damaging to a company's image if customers can't achieve that great fuel economy in their own commutes.
In better times — just last year — Paula Deen promoted a new line of furniture. While Universal Furniture International said in July it will continue to market the Paula Deen Home Collection, several other endorsers have dropped Paula Deen products.
Credit Joshua Gunter / The Plain Dealer/Landov
Grammy winning recording artist Beyonce launches her new "Heat" on Feb. 3, 2010, in New York City.
Not only is that 15,000 fewer than had been filed the week before, it's also the lowest number for any single week since before the U.S. economy officially slipped into its most recent recession, in December 2007.
A University of Alabama doctoral student has been awarded a grant from the National Science Foundation to research social factors surrounding the spread of HIV/AIDS.
Anthropology student Martina Thomas has been given a $16,000 grant for her research. AL.com reported Wednesday (http://bit.ly/16l2RsG ) that Thomas formed her project after interviewing black women and their daughters for a project she needed to complete to earn her master's degree.
Law school grads have been facing a tough job market, and this has prompted some young entrepreneurial attorneys to try out hybrid businesses.
Diane Orson from member station WNPR reports on one Connecticut attorney who's opened a shop that combines his passion for the law - with his skill as a barber.
DIANE ORSON, BYLINE: Donald Howard says he first got the hybrid-business idea working as a paralegal for a personal injury attorney who doubled as a sports agent. Then he saw the concept again on a reality television show.
Google Street View cars have been photographing roads and highways for years, but how about this: Google Beach View. Florida is paying a pair of intrepid trekkers to walk all 825 miles of the state's beachfront carrying the Google Eye camera in a 40 pound backpack — blue orb sticking out the top.
Gathering in Washington, D.C., drone manufacturers say they are optimistic about their business, despite a downturn in defense spending. The unmanned vehicle industry is hopeful the domestic market will open up. But they first must address privacy concerns exacerbated by the NSA spying scandal.
If economists looking at the housing sector are generally optimistic, those who follow the auto industry are practically brimming with glee. Right now, the average age of cars on the road is the oldest ever recorded, at 11-and-a-half years, which means at some time, people will have to buy newer ones. As NPR's Sonari Glinton reports, that time may be now.
Federal prosecutors in the U.S. have charged two former traders in JPMorgan Chase's London office with securities fraud. The two men were part of the so-called "London Whale" case, which ended up costing the company more than $6 billion. U.S. officials say the men lied about the value of some derivatives trades to cover up mounting losses.
In the 10 years since sagging power lines in Ohio sparked a blackout across much of the Northeastern United States and Canada, utility engineers say they have implemented measures to prevent another such event in the country's electric grid.
But there is one disaster scenario for which the power companies are still unprepared: a massive attack on the computer networks that underlie the U.S. electric grid.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
Federal prosecutors have charged two former JPMorgan Chase traders with securities fraud. The two men worked in London. And they are part of the so-called London Whale case, which cost the company more than $6 billion. U.S. officials say the men lied about the value of some derivatives trades to cover up mounting lawsuits. More from NPR's Jim Zarroli.