A century ago, when fiery steel mills were roaring to life in Youngstown, Ohio, builders were racing to put up homes, storefronts, barbershops and more.
Today, many of those buildings sit empty and rotting. With the mills mostly gone and the population down 60 percent from 1960, to just 67,000, the city needs millions of dollars to tear down roughly 4,000 vacant structures.
One year after Facebook's troubled initial public offering, the Securities and Exchange Commission announced Wednesday that it has "charged Nasdaq with securities laws violations resulting from its poor systems and decision-making ... [and that] Nasdaq has agreed to settle the SEC's charges by paying a $10 million penalty."
After receiving complaints that a billboard advertisement included an image resembling Adolf Hitler, JC Penney has reportedly taken the sign down. The move came after images of the billboard in California's Culver City spurred a controversy on Reddit and elsewhere online. The retailer says any resemblance to the late leader of the Third Reich was unintended.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up: if you are at all interested in matters of health and spirituality, then you have probably heard the name Deepak Chopra. Well, it turns out there is another one like him at home. His brother Sanjiv Chopra is an accomplished physician in his own right, but he chose a different course for his life. We'll talk with both of them together about their new joint memoir, "Brotherhood: Dharma, Destiny, and the American Dream." That is later in this program.
Remember the disappointment you felt as a kid at the souvenir shop when that personalized key chain wasn't available in your name? For me, it was never finding "Allison" with two L's. My colleague Maria says she was always stuck with "Mary" as her only option.
Facebook fans of Coca-Cola's new "Share a Coke" campaign are having similar frustrations. As part of its new campaign, which recently launched in Europe, the soda giant is printing popular first names on labels of Coke, Diet Coke and Coke Zero.
NPR's business news begins with a meaty Chinese investment in the U.S.
A Chinese meat producer plans to buy the U.S. meat company Smithfield for $4.7 billion dollars. Smithfield is the world's largest pork producers, and by some estimates, if this deal is approved by regulators, it would be the biggest takeover of a U.S. company by a Chinese company.
The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about $4.72 billion in cash. The deal also includes an exchange of debt.
The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News.
NPR's business news begins with a big bump for housing.
House prices went up 10 percent between March of this year and last year. That's according to the latest S&P/Case-Shiller Index. It's the largest gain in housing prices in seven years, putting prices on average where they were in mid-2003.
A popular phenomenon during the housing boom, flipping is when a house is bought and sold within a six-month period. Flippers are real estate investors who buy houses, fix them up quickly and then resell them, making money off the renovation. In parts of California, it's happening at some of the fastest rates in a decade.
At a recent open house in Glassell Park, a neighborhood in northeast Los Angeles, curious buyers and neighbors streamed into a green stucco house that had just come onto the market.
Rancher Bill Gow doesn't want the proposed Pacific Connector Gas Pipeline to travel across his Douglas County, Ore., ranch. While he has refused to negotiate with the pipeline company, ultimately a court may force him and other landowners to allow the project on their land.
Credit Jeff Brady / NPR
Francis Eatherington is a board member of Oregon Women's Land Trust. The group doesn't want the 230-mile Pacific Connector Gas Pipeline to travel through its property.
Credit Jeff Brady / NPR
The site of the proposed Jordan Cove Energy liquefied natural gas export facility near Coos Bay, Ore. Proponents say it would boost the local economy, but others worry it will affect recreation.
A radical shift in the world energy picture is raising environmental concerns in the United States.
Until recently, the U.S. had been expected to import more natural gas. But now, because of controversial technologies like "fracking," drillers are producing a lot more domestic natural gas; so much that prices are down, along with industry profits. And drillers are looking overseas for new customers.
Alan Krueger, the chairman of the President's Council of Economic Advisers, says he will step down to return to Princeton to resume his post as a professor of economics.
Krueger, who has served as CEA chairman for the past two years, will return to Princeton in time for the beginning of the fall term. The Associated Press quotes a source familiar with the situation as saying Jason Furman, who served in President Obama's 2008 campaign, will be tapped as a replacement.
About 2,200 passengers were being flown back to Baltimore on Tuesday, a day after their cruise ship caught fire on its way to the Bahamas. There were no injuries aboard Royal Caribbean's Grandeur of the Seas.
But in the wake of the incident and others like it, the cruise ship companies have something of a black eye. The industry is now trying to reassure passengers it's OK for them to sail, adopting what it called a passenger "bill of rights."