Business & Education

Montgomery-Credit Rating
4:41 pm
Thu August 8, 2013

Moody's Places City Of Montgomery Under Review

Moody's Investors Service has placed the city of Montgomery under review for a possible credit rating downgrade.
Credit AP Photo

Moody's Investors Service has placed the city of Montgomery under review for a possible credit rating downgrade.


The Montgomery Advertiser reports that the city's current Aa2 rating is in jeopardy.


A recent report said the current rating is in jeopardy because of a deteriorated reserve fund, a deficit in funding medical insurance and the city's recent failures to achieve projections established in previous budget plans.

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School System-Buses Eliminated
4:28 pm
Thu August 8, 2013

Alabama School System To Host Forum On Bus Plans

The Hoover school system is planning a forum Thursday night for parents to weigh in on earlier plans to eliminate bus routes.
Credit hoovercity.schoolinsites.com

A school system in suburban Birmingham is planning a forum for parents to weigh in on earlier plans to eliminate bus routes.


The Hoover school system plans the forum for 7 p.m. Thursday at Spain Park High School.


School system officials have been reconsidering some aspects of the plan after a wave of complaints by parents and school bus drivers.


Earlier, the school board had voted to eliminate bus routes for everyone but special education students beginning in August 2014 as part of a plan to save $2.5 million annually.

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Business
4:20 pm
Thu August 8, 2013

Fannie Mae Posts $10 Billion Profit In Second Quarter

Originally published on Thu August 8, 2013 5:56 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Today, mortgage giant Fannie Mae announced it made a $10 billion profit this past spring. That's a remarkable turnaround considering the government had to bail out Fannie Mae, along with Freddie Mac, when the housing bubble burst five years ago. It's certainly good news for taxpayers. It's also good news for homebuyers who count on the two companies to back most of the country's home loans.

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Television
4:20 pm
Thu August 8, 2013

Why Hasn't The Internet Blown Up Cable TV's Business Model?

Originally published on Thu August 8, 2013 5:56 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Since Friday, CBS has been off the air for millions of Time Warner Cable customers. The two sides are fighting over how much Time Warner pays to carry CBS. Then a remarkable thing happened. Time Warner offered to unbundle the TV network, meaning only customers who want it would pay for it. That's close to blasphemy in the cable business and CBS quickly shot down the idea.

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The Two-Way
3:53 pm
Thu August 8, 2013

Email Service Allegedly Used By Edward Snowden Is Shut Down

The free email service Lavabit allowed users to send encrypted emails.
Lavabit

Originally published on Thu August 8, 2013 5:17 pm

The email service allegedly used by "NSA leaker" Edward Snowden is no more.

The owner and operator of Lavabit, which encrypts communication between two people, shut down the site and left a cryptic message on its homepage.

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Found Recipes
2:51 pm
Thu August 8, 2013

Don't Let The Price Of Pine Nuts Keep You From Pesto

Julia della Croce says pistachio pesto is an economical — and delicious — alternative when Italian pine nuts can cost up to $120 per pound.
Nathan Hoyt Courtesy of Julia della Croce

Originally published on Fri August 16, 2013 4:10 pm

Basil is growing thick and leafy in many backyard gardens throughout the U.S. right now, which means many people are thinking about pesto. It's one of the more basic sauces you can make — in addition to basil, all you need is Parmesan or Romano cheese, a little garlic, some extra virgin olive oil and Italian pine nuts.

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The Two-Way
10:42 am
Thu August 8, 2013

'New York Times' Is Not For Sale, Sulzberger Says

Ramin Talaie Getty Images

Originally published on Thu August 8, 2013 11:37 am

Responding to speculation that his newspaper would be next, New York Times Publisher and Chairman Arthur Sulzberger Jr. has issued a flat "the Times is not for sale" statement.

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The Two-Way
8:48 am
Thu August 8, 2013

Fannie Mae Books $10.1 Billion In Second-Quarter Profits

Originally published on Thu August 8, 2013 10:05 am

Driven by a recovery in the U.S. housing market, mortgage finance giant Fannie Mae netted profits of $10.1 billion in the second quarter, its sixth-straight quarter with positive results. The company, which has operated under federal conservatorship since 2008, reported its earnings Thursday.

Fannie Mae cited "a significant increase in home prices in the quarter," which nearly doubled that of last year's second quarter.

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The Two-Way
7:53 am
Thu August 8, 2013

Weekly Jobless Claims Hold Steady

The scene at a job fair in Manhattan earlier this year.
Mario Tama Getty Images

Originally published on Thu August 8, 2013 9:54 am

There were 333,000 first-time claims for unemployment insurance last week, the Employment and Training Administration says. Claims were up 1.5 percent from the previous week's 328,000 — and basically remained at the lower end of the range where they've stayed for the better part of the last two years.

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The Two-Way
6:43 am
Thu August 8, 2013

Book News: Publishers Object To Proposed Punishments For Apple

Originally published on Thu August 8, 2013 9:15 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
3:31 am
Thu August 8, 2013

Railroad In Deadly Canadian Crash Files Bankruptcy

Originally published on Thu August 8, 2013 4:06 am

The rail company involved in the explosion that killed 47 people in a small Quebec town last month has filed for bankruptcy. The bankruptcy is a direct result of the explosion, in which a run-away train carrying oil derailed and blew up not far from the Maine-Quebec border.

Business
3:31 am
Thu August 8, 2013

JPMorgan Chase Faces Justice Department Probe

Originally published on Thu August 8, 2013 5:09 am

JPMorgan Chase revealed on Wednesday that it's facing criminal and civil investigations by the Justice Department. The bank says the investigations focus on sales of subprime mortgage securities in the years preceding the financial crisis.

Business
3:31 am
Thu August 8, 2013

Tesla's Stock Boosts Projections For Carmaker's Staying Power

Originally published on Fri August 9, 2013 6:27 am

Transcript

LINDA WERTHEIMER, HOST:

Earnings season is wrapping up in the car world. And the small American company Tesla is doing better than expected. When the high-end electric automaker released its earnings this week, it handily beat Wall Street expectations. Tesla's stock is up about 300 percent this year.

As NPR's Sonari Glinton reports, the question is, whether the company has enough power to sustain it for the long term.

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Around the Nation
3:31 am
Thu August 8, 2013

Sioux Falls' Rapid Business Growth Gains National Attention

Originally published on Thu August 8, 2013 7:51 am

Sioux Falls, S.D., gains thousands of new residents each year. Leaders point to business opportunities, diversity and quality of life as reasons for its growth. This kind of boom comes with conflict, and Sioux Falls faces challenges to continuing development.

Business
3:31 am
Thu August 8, 2013

Love Boat Reaches Its Final Destination

Originally published on Thu August 8, 2013 5:38 am

The cruise ship made famous by the TV show The Love Boat will end up in a scrap heap on the Turkish coast. A ship recycling company in Turkey bought the cruise liner for a little more than $3 million and will strip it for its parts and metal.

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