Originally published on Wed November 27, 2013 4:25 am
The retail company Men's Wearhouse has announced it is launching a takeover battle for rival Joseph A. Bank. What makes the effort unusual is that just last month Joseph A. Bank was trying to take over Men's Wearhouse. The turnaround is an example of what Wall Street calls a Pac-Man defense.
They say an oilman has to be a gambler, but can he be a prophet?
Zion Oil & Gas, based in Dallas, is a publicly traded company that believes it is commanded by the Bible to search for oil in Israel, both to help the Holy Land and make money for investors. The 22 employees of Zion Oil in Texas and Israel, and many of its 30,000 investors, believe the company is on a mission from God.
There's an old joke that if Moses had turned right when he led Jewish tribes out of Egypt, Israel might be where Saudi Arabia is today — and be rich from oil. Consultant Amit Mor of Eco Energy says that joke is out of date.
"Israel has more oil than Saudi Arabia," he claims. "And it's not a joke."
But that oil will be difficult to reach, if it can be recovered at all. The oil he's talking about is not yet liquid but is trapped in rocks underground.
We've been reporting a lot lately on the troubled rollout of President Obama's signature health care law. But at the same time, there are rumblings of a major shift in the way companies offer private health insurance to workers.
It involves what are called "private health care exchanges." These are similar to — but completely separate from — the public exchanges you've heard so much about.
Some experts say this new approach soon could change how millions of Americans receive their health care.
Major stock indexes have shot to record highs in the U.S. this year, gaining more than 20 percent, and yet economic growth remains at disappointing levels. A lot of analysts believe the stimulus efforts by the Federal Reserve are behind the stock boom and a possible bubble.
This is ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
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And I'm Melissa Block.
An internal review of a report that aired on CBS' "60 Minutes" about the attack on the U.S. consulate in Benghazi, Libya, reached damning conclusions. Now, Laura Logan, the CBS correspondent who reported that story, and her producer are taking leaves of absence at management's request.
An investigation by The Hollywood Reporter alleges that the American Humane Association has tried to cover up instances of animal abuse and deaths on Hollywood sets. Melissa Block talks with Gary Baum, a senior writer for the magazine who reported the story.
Originally published on Wed November 27, 2013 8:09 am
CBS has asked 60 Minutes correspondent Lara Logan to take a leave of absence, along with her producer, after her recent story on the deadly 2012 attack on the U.S. Consulate in Benghazi, Libya, was found to have multiple flaws. An internal report also found broader failings in how the news division handled the story. A summary of the report's findings was obtained by NPR on Tuesday.
Originally published on Tue November 26, 2013 4:47 pm
The online retailer Newegg has lost a patent case centering on Web encryption, after a Texas jury rejected its argument that a claim from the company TQP Development was invalid. The jury ordered Newegg to pay $2.3 million — less than half the damages TQP had sought.
The Supreme Court has agreed to hear cases brought by companies who say they have religious objections to the Affordable Care Act's requirement that they offer employees health insurance that includes contraception benefits.
In a statement released late Tuesday morning, justices say they have consolidated four related cases and will hear one hour of oral arguments. That will happen next year, likely in late March.
Originally published on Tue November 26, 2013 9:07 am
While home prices rose in major cities across the nation during the third quarter, data suggest that the housing market is beginning to shift to a slower rate of growth, according to the economists who put together the latest S&P/Case-Shiller Home Price Indices report.
Their statistics show prices rose 3.2 percent in the quarter and were up 11.2 percent from a year earlier.