As beer drinkers demand increasingly obscure beers with ingredients like jalapenos or rhubarb, smaller and smaller breweries are stepping up to the plate. New Hampshire is one state helping these brewery startups get off the ground, with new laws that make it easier for small-scale breweries to obtain licenses and distribute their craft beers.
The Justice Department said Tuesday it could seek more than $5 billion in damages from Standard & Poor's, the nation's biggest credit ratings company, a day after it sued the company, alleging that S&P defrauded investors by giving triple-A ratings to risky subprime mortgage investments.
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President Obama met with business and labor leaders today at the White House. He's trying to build a broad coalition in support of revamping immigration laws. The two sides haven't always seen eye to eye on immigration. But this year, on this issue, they're mostly working together on the issue. We'll hear more in a moment about the evolution of organized labor's position.
The Justice Department may seek as much as $5 billion from Standard and Poor's. In a lawsuit filed Monday night, prosecutors accuse the firm of misleading investors with fraudulent credit ratings on dozens of different mortgage bonds. It's not yet clear whether federal officials plan to file a similar suit against the other big rating firms, Moody's and Fitch. Regulators would like to see the industry be more competitive and less dependent on the firms whose securities they are rating.
Computer maker Dell is going private in a $24 billion deal that highlights the changing fortunes of the PC industry. The buyout is being led by company founder Michael Dell, software giant Microsoft and the private equity firm Silver Lake Partners.
And now, a look beyond Baltimore and Beyonce to the enduring possibilities of an ephemeral event. When the lights went out at Superdome on Sunday, Twitter lit up. Advertising teams from several companies tried to capitalize with instant ads. Like many of the regular ads, almost of these flopped, but one produced an idea that people are still buzzing about, Oreo cookies. If you work in the ad business, how does social media changed the game? Give us a call, 800-989-8255. Email: firstname.lastname@example.org.
While the economy will benefit from continued improvement in "underlying" conditions, the federal government's push to tighten its spending will slow overall growth in 2013, the Congressional Budget Office projects.
In an updated "Budget and Economic Outlook" reported released Tuesday afternoon, the agency forecasts:
-- 1.4 percent growth in gross domestic product this year, vs. 2.3 percent in 2012.
Originally published on Tue February 5, 2013 4:07 pm
It happens all the time: The government announces some giant settlement with a company that's been accused of doing something wrong. The company agrees to pay some massive fine. Then, in the fine print, there's something along the lines of: "The company neither admits nor denies any wrongdoing."
Recently, though, some powerful people have been pushing back, rejecting deals that include this kind of fine print.
I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, people often talk about the struggle to get into college but for many students, finishing is really the big challenge. Our next guest has some practical tips for students, to help them make it to the finish line.
Originally published on Tue February 5, 2013 11:56 am
"Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft," The Associated Press writes, in "the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this."
The wire service adds that "the complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company. Shareholders are receiving $13.65 per share for their stock. ... Founder Michael Dell will remain the company's CEO and largest shareholder."
The U.S. Justice Department plans to file a civil suit this week accusing the credit rating company Standard and Poor's of fraud. Standard and Poor's is the company that famously downgraded U.S. debt in 2011. This investigation focuses on S and P's actions before the financial crisis. The civil action accuses S and P of fraudulently inflating the ratings of mortgage investments, setting them up for the crash that lead to the great recession. The investigation is the focus of today's Business Bottom Line, and here's NPR's Jim Zarroli.
A $24.4 billion buyout that would take computer maker Dell private was announced Tuesday. The group negotiating to buy the company includes private equity firm Silver Lake, Microsoft and Dell's founder Michael Dell.