Business & Education

Business
5:01 pm
Thu July 25, 2013

U.S. Carmakers Are Riding High, But Detroit May Not Feel It

Jeff Caldwell, a chassis assembly line supervisor, checks a vehicle on the assembly line at the Chrysler Jefferson North Assembly plant in Detroit on May 8.
Paul Sancya AP

Originally published on Thu July 25, 2013 6:19 pm

The news out of Detroit has been grim of late, but there are some bright spots coming from one corner of the Motor City. On Thursday, General Motors posted its 14th straight profitable quarter since emerging from bankruptcy. Ford announced its 16th consecutive profitable quarter Wednesday, and Chrysler is expected to offer good news soon as well.

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Birmingham Schools-Probation
4:56 pm
Thu July 25, 2013

Birmingham School System Put On Probation

The Birmingham School System has been put on probation by the Southern Association of Colleges and Schools.

The Birmingham School System has been put on probation by the Southern Association of Colleges and Schools.


School system officials said Thursday that although probation is a serious matter for the district, all of its schools are still accredited for the time being.


The accreditation agency sent a review team to Birmingham in mid-May and a report outlined micro management among other issues in the school district.

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Law
4:43 pm
Thu July 25, 2013

DOJ Accuses Hedge Fund SAC Capital Of Major Insider Trading

Federal prosecutors finally brought their case against SAC Capital, the giant hedge fund that for years has outperformed almost all of its competitors. Prosecutors say they know why. The firm encouraged the use of illegal insider information and trading on that information became a part of the firm's culture, according to the indictment.

The Salt
4:04 pm
Thu July 25, 2013

Palm Oil In The Food Supply: What You Should Know

Much of the palm oil imported into the U.S. ends up in snack foods such as cookies, crackers and microwave popcorn.
Heather Rousseau NPR

Originally published on Thu July 25, 2013 5:42 pm

Remember the battle over trans fats? Yeah, the fats that did our hearts no favors.

As we've reported, the push to get these cholesterol-raising fats out of the food supply has been pretty successful. And now most packaged snacks are labeled as having zero grams of trans fat.

So what are food manufacturers using instead? One alternative is palm oil. But it's not an ideal replacement.

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All Tech Considered
3:59 pm
Thu July 25, 2013

The Reply To Email Overload? Prioritize — Or Turn It Off

Steven Cohen, the billionaire hedge fund manager of SAC Capital Advisors, didn't see a key email because he gets 1,000 messages a day, his lawyers say.
Jenny Boyle AP

Originally published on Fri July 26, 2013 6:33 am

In the high-profile civil case against Wall Street titan Steven Cohen, federal authorities accuse the hedge fund head of allowing insider trading within his ranks. Cohen's lawyers offered up a defense fit for the digital age: They claim he didn't see a key, incriminating email because he gets too many messages — an estimated 1,000 a day, and opens only 11 percent of them.

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The Two-Way
12:56 pm
Thu July 25, 2013

Cowboys Stadium No More: With Deal, It Is Now AT&T Stadium

The sun sets behind Cowboys Stadium in Arlington, Texas.
Ronald Martinez Getty Images

Originally published on Thu July 25, 2013 2:30 pm

After what is rumored to be a multimillion-dollar naming deal, the iconic Cowboys Stadium will be called AT&T Stadium from now on.

In a press release, AT&T said part of its attraction to the deal was that Dallas is the company's home. Cowboys owner Jerry Jones said in a statement that the naming deal ties the team with "one of the world's strongest and most innovative companies."

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The Salt
11:40 am
Thu July 25, 2013

The FDA Doesn't Want Chickens To Explore The Great Outdoors

Free-range chickens feed in a pasture on an organic farm in Illinois.
Seth Perlman AP

Originally published on Wed July 31, 2013 2:51 pm

Organic egg farmers are divided in their reaction to a new FDA proposal that's intended to reduce the risk of salmonella infection among free-roaming chickens. They even disagree about what the document, called "Guidance for Industry," actually requires.

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Business
11:18 am
Thu July 25, 2013

Government Charges SAC In Insider Trading Case

Federal prosecutors have filed criminal charges against one of the most famous and successful hedge funds in the world. The government alleges that SAC Capital Advisors is criminally responsible for insider trading that went on at the firm.

Politics
11:06 am
Thu July 25, 2013

White House Talks Income Gap: New Ideas About Old Problems?

President Obama's economic speaking tour seems reminiscent of campaign speeches in 2008. Guest host Celeste Headlee asks NPR's Ron Elving why the White House is sending this message again.

Economy
11:06 am
Thu July 25, 2013

White House Economics: Growing 'From The Middle Class Out'

President Obama is putting out a message of economic revitalization, starting with the middle class. Cecilia Munoz, Director of the White House Domestic Policy Council, explains why the executive branch is pushing the message now. She speaks with guest host Celeste Headleee.

The Two-Way
9:42 am
Thu July 25, 2013

Feds Charge SAC Capital In Insider Trading Case

Former SAC portfolio manager Michael Steinberg (center) exits a Manhattan federal court with his attorney after his indictment on securities fraud charges in March.
Louis Lanzano AP

Originally published on Thu July 25, 2013 10:29 am

Federal officials in New York City have charged SAC Capital Advisors with insider trading, the culmination of a protracted investigation into the hedge fund founded by embattled billionaire Steven Cohen.

SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees" at "various times between in or about 1999 through at least in or about 2010," according to the indictment.

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The Two-Way
9:42 am
Thu July 25, 2013

Big Coup For One Of The Big Three: Impala Called Best Sedan

The 2014 Chevrolet Impala, which Consumer Reports says its better than its foreign rivals.
Justin Lane EPA /Landov

Originally published on Thu July 25, 2013 10:12 am

The city of Detroit may be on the skids financially, but one of its traditional "big three" automakers just scored a big win.

For the first time since it began making such comparisons between sedans in 1992, Consumer Reports magazine has given its top rating to a model made by a U.S. automaker — not one made by a European or Japanese company.

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The Two-Way
8:09 am
Thu July 25, 2013

Jobless Claims Rose Last Week; Key Orders Up In June

Originally published on Thu July 25, 2013 9:04 am

There were 343,000 first-time claims filed for unemployment insurance last week, the Employment and Training Administration says. That was up from an estimated 336,000 the week before.

The increase is from what had been a 10-week low. But basically, claims have been ranging between the mid-330,000s and mid-370,000s all year. Like other employment indicators, the jobless claims figures have been signalling that job growth remains modest.

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Business & Education
7:26 am
Thu July 25, 2013

College Expected to Make Positive Impact in Dothan

The Alabama College of Osteopathic Medicine is estimated to have generated $34.5 million for the Dothan area this year.
ACOM, by Steve Pearce of Southeast Alabama Medical Center

An economic impact study by the Dothan Area Chamber of Commerce estimates the Alabama College of Osteopathic Medicine will generate $34.5 million for the area this year.

   The study estimates the college's impact will be $169.3 million by 2020, and $295.7 million by 2030. The college is set to open in August with a class of 150 students.

   Some tell the Dothan Eagle (http://bit.ly/1aJyueD ) those estimates will likely be surpassed with restaurants, health care facilities, banks and hotels being developed nearby.

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Business & Education
7:23 am
Thu July 25, 2013

Mobile Port Adding Steel Coil Facility

Alabama State Port Authority

A company is adding a $36 million facility to handle steel coils at the Alabama State Port Authority in Mobile.

   Port officials announced the deal with Alabama Steel Terminals on Wednesday. The company is a joint venture between TriState Maritime Services Inc. and the Richardson Group of Companies.

   Alabama Steel Terminals will build a 372,600-square-foot warehouse in two phases at the port. It will include both covered and open areas for handling steel coil that's being shipped.

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