Business & Education

Wells Fargo
8:23 am
Thu August 22, 2013

Wells Fargo to Cut 365 Jobs in Birmingham Area

Wells Fargo is laying off 365 positions within its mortgage department in Birmingham.
http://www.greenstone-properties.com

Wells Fargo officials say they plan to eliminate 365 positions in Alabama.

Business
3:49 am
Thu August 22, 2013

Phyllis Diller's Estate To Be Auction Next Month

Originally published on Thu August 22, 2013 11:43 am

Transcript

DAVID GREENE, HOST:

And today's last word in business is: Dress like Diller.

In Beverly Hills, Phyllis Diller's estate will be auctioned off next month.

RENEE MONTAGNE, HOST:

On stage, the late comedienne dressed like a disheveled, chain-smoking housewife with freakish hair - and now some lucky bidders can too. The sale will include many of her trademark props: blond fright wigs, feather boas, ankle boots and cigarette holders.

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Business
3:49 am
Thu August 22, 2013

Bank Of America To Close Some Drive-Up Tellers

Bank of America won't say exactly how many drive-through lanes are closing. A spokeswoman did say the decision is not a cost-cutting move but a response to the way people are banking. At branches where drive-through lanes are closing, the bank says ATMs will be available.
Justin Sullivan Getty Images

Originally published on Thu August 22, 2013 11:43 am

Some Bank of America branches with drive-through tellers from Georgia to Texas have already closed the lanes, according to spokeswoman Tara Burke.

She wouldn't divulge exactly how many are closing. She did say the decision is not a cost-cutting move but a response to the way people are banking.

About 13 million customers bank by mobile phone and 29 million participate in online services. Among them is 19-year-old Brittney Sprague who says, "Not too many folks will really miss the drive-through teller because everybody uses apps. It's all about the new technology."

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Business
3:49 am
Thu August 22, 2013

Asian Markets Move Lower On News From Fed Meeting

Originally published on Thu August 22, 2013 11:43 am

Transcript

DAVID GREENE, HOST:

We'll begin NPR's business news with fallout from the Fed.

(SOUNDBITE OF MUSIC)

GREENE: Stock markets across Asia fell and India's currency continued its plunge after minutes from the July meeting of the Federal Reserve were released yesterday. The records from that meeting showed that officials were comfortable with scaling back its huge bond-buying program as the economy grows stronger.

The Salt
1:53 am
Thu August 22, 2013

In Canada, Maine Lobstermen Get Both A Rival And A Tutor

Sternman Scott Beede returns an undersized lobster while checking traps in Mount Desert, Maine.
Robert F Bukaty AP

Originally published on Thu August 22, 2013 11:43 am

There's nothing quite like the sweet, succulent taste of Maine lobster. And fishermen off the state's rocky coastline have been catching more and more of the tasty crustacean over the past five years.

But that surging supply has overwhelmed Maine's limited marketing and processing capabilities and driven down the prices paid to lobstermen.

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Business
1:41 am
Thu August 22, 2013

As Housing Recovers, Lots Of Boats Rise In U.S. Economy

A worker at the Cataumet Sawmill in Falmouth, Mass., where the improved housing outlook has led to more hours for employees.
Chris Arnold NPR

Originally published on Fri August 23, 2013 11:02 am

In just the past week we've seen a bunch of signs that the housing recovery is gaining steam. Data out Wednesday showed that existing-home sales rose to their highest level in nearly four years, while prices were up 14 percent from a year ago.

Retailers Home Depot and Lowe's both reported strong earnings growth and attributed that to the housing rebound.

And most important for the economy, homebuilders are hiring more workers and building more houses.

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The Salt
4:59 pm
Wed August 21, 2013

Inside The Beef Industry's Battle Over Growth-Promotion Drugs

Beef cattle stand in a barn on the Larson Farms feedlot in Maple Park, Ill.
Daniel Acker Landov

Originally published on Thu November 21, 2013 3:39 pm

When the drug company Merck Animal Health announced plans to suspend sales of its Zilmax feed additive last week, many observers were shocked.

Yet concern about Zilmax and the class of growth-promotion drugs called beta agonists has been building for some time. In an interesting twist, the decisive pressure on Zilmax did not come from animal welfare groups or government regulators: It emerged from within the beef industry itself, and from academic experts who have long worked as consultants to the industry.

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Technology
4:38 pm
Wed August 21, 2013

Facebook CEO's Internet Crusade Hopes To Bring Billions Online

Originally published on Wed August 21, 2013 5:38 pm

Facebook founder and CEO Mark Zuckerberg has teamed up with other tech giants to pursue the goal of providing Internet service to five billion people in the developing world. The group, called Internet.org, says data can be used more efficiently and participating partners can work cooperatively to make access to the web affordable in emerging economies. Zuckerberg makes the case on his Facebook page for how a global Internet infrastructure can be created. But the document doesn't have tangible commitments from Facebook or other participating companies.

Parallels
12:47 pm
Wed August 21, 2013

India And Other BRIC Economies Now Facing Headwinds

The Indian rupee has fallen nearly 16 percent against the dollar since May. The drop comes amid a slowdown in the country's economy. India's troubles are mirrored in other emerging economies that drove global growth for the past decade.
Zheng Huansong Xinhua /Landov

Originally published on Wed August 21, 2013 4:21 pm

High food prices, a currency in free fall, battered investors and slowing growth: India is facing a host of problems that have taken away the sheen from an economy that's had a decade of mostly stron

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The Salt
11:38 am
Wed August 21, 2013

Forget Cronuts: London's 'Townies' Take On Hybrid-Dessert Craze

American baker Bea Vo, who runs Bea's of Bloomsburg, a string of bakeries in London, came up with this answer to the cronut: the townie, a tartlet-brownie with a gooey center and a crisp outer shell.
Courtesy Bea's of Bloomsburgy Helena Marie Fletcher

Originally published on Wed August 21, 2013 12:45 pm

What's a baker to do when all foodies can talk about, on both sides of the Atlantic, is the cronut craze, a croissant-doughnut that NPR reported on earlier this year? Simple: Come up with an equally addictive hybrid dessert.

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The Two-Way
9:56 am
Wed August 21, 2013

Sales Of Existing Homes Rose 6.5 Percent In July

A "sale pending" sign in San Anselmo, Calif., earlier this year.
Justin Sullivan Getty Images

Originally published on Wed August 21, 2013 10:22 am

There was a strong increase in sales of existing homes in July, the National Association of Realtors reports, in yet another sign that the important housing sector is back on its feet.

In fact, says The Associated Press, sales approached "a healthy level for the first time since November 2009."

According to the NAR:

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The Two-Way
9:17 am
Wed August 21, 2013

Tech Giants Launch Internet.org, A Global Plan To Widen Access

A new project announced by Facebook seeks to make it more affordable to access the Internet via cellphones around the world. In Africa, 16 percent of the population currently uses the Internet. Here, a man looks for a network signal in Somalia.
Roberto Schmidt AFP/Getty Images

Citing the billions of people worldwide who can't access the Internet, Facebook CEO Mark Zuckerberg and the leaders of other technology firms are launching an ambitious project to narrow the digital divide Wednesday. The plan focuses on widening access via mobile phones.

"There are huge barriers in developing countries to connecting and joining the knowledge economy," Zuckerberg says. "Internet.org brings together a global partnership that will work to overcome these challenges, including making Internet access available to those who cannot currently afford it."

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Alabama Power Scam
8:27 am
Wed August 21, 2013

Alabama Power Warns of Billing Scam

Alabama Power Co. says scammers are calling customers, pretending to be from the utility.

Alabama Power Co. is trying to stop what it calls "an unusually effective scam."

   The power company says its customers have been called for months by people pretending to be from Alabama Power. The customers are told they have a short deadline to make a payment.  They are instructed to go to a local retailer, buy a reloadable debit card for a given amount, and then call another phone number to share the account number on the card. Alabama Power says the fraud has focused on commercial customers because they are more likely to have larger bills.

Business & Education
8:17 am
Wed August 21, 2013

Auburn University Unveils New Recreation Center

Auburn University's new recreation center includes an outdoor pool and a 45-person hot tub shaped like a tiger paw.
Julie Bennett/jbennett@al.com

Auburn University has unveiled its new, $72 million recreation and wellness center.

   The 240,000 square-foot facility opened after a ribbon-cutting ceremony Monday.

   The Opelika-Auburn News reports (http://bit.ly/1cX5p3U ) the facility is home to modern health and wellness equipment, an indoor running track, rock climbing walls and more.

   Recreation and Wellness Director Jennifer Jarvis says the recreation center is likely to help students stay on campus longer, working to develop strong bodies and spirits.

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Business
7:17 am
Wed August 21, 2013

Lowes Reports Earnings On The Heels Of Home Depot

Originally published on Wed August 21, 2013 11:03 am

Home Depot says it has had "one of the best quarters in its recent history." It credits the recovery in the housing market. Main rival Lowes also benefited from the housing recovery, and strong demand for home refurbishings.

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