The Dow Jones industrial average may be the most famous barometer of stock market sentiment. It's not a broad measure. Only 30 stocks are in the Dow and this elite group of big blue chip companies supposedly represents the health of the U.S. economy. So, it is noteworthy when a company is kicked off the Dow or allowed in.
An unusual parliamentary meeting is due to open Tuesday in Pyongyang, the capital of North Korea, amid speculation of sweeping changes ahead. In the first such confirmation from within the country, farmers told The Associated Press they would be given more control over their crops under new agricultural rules. Long seen as an economic basket case, North Korea now could be on the cusp of economic change.
Tech companies like Google, Facebook and Zynga are on a shopping spree. They're buying small startups with innovative products and apps. But, many times, the tech giants don't care about what the small companies were producing. They just want the engineers.
There's a new name for these deals: the "acqui-hire," and it could mean the end to your favorite app.
Automaker Fiat announced its commitment to remain in Italy after a meeting Saturday between the company's CEO and the country's president.
Fiat had threatened to shut down its operations in Italy unless it received additional state assistance. The crisis came at a time the entire country is undergoing a steep decline across all industrial sectors.
When you walk into a McDonald's in India, it doesn't feel that much different from one in the U.S. That is, until you try to order.
When McDonald's first came to India 15 years ago, it ditched the Big Macs and Quarter Pounders to try to fit in in a country where cows are sacred and most people frown on eating beef. The chain tried re-creating its American classics with lamb, but it was a flop.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. Chicago teachers voted to end their strike this week, the first in 25 years, and came back to class. It brought an end to a heated confrontation between leaders of the Chicago teachers union and Mayor Rahm Emanuel, who repeated this phrase time and again during the strike.
MAYOR RAHM EMANUEL: This was a strike of choice and it's a wrong choice for the children. Really, it was a choice.
In South Africa, thousands of mineworkers have embarked on industrial action that began with a deadly pay strike by platinum workers. They've agreed a wage deal with their management, this week, but the labor unrest is spreading to other platinum and gold mines in an industry that's the engine of South Africa's economy. NPR's Ofeibea Quist-Arcton discusses the repercussions with host Scott Simon.
And then there were three — record labels, that is. Regulators in the United States and Europe have approved the acquisition of EMI Music by Univeral Music Group. The combined label will own close to 40 percent of the world music market with a trove of acts that includes The Beatles.
Originally published on Fri September 21, 2012 10:06 pm
Even as it has received praise for bringing innovative ideas to life, Kickstarter has been criticized for allowing creators to be a little fuzzy about their plans — and for providing little recourse to investors who become unsatisfied with the project they've supported. The site has now announced changes that it hopes will ease those troubles.
The biggest change is a new section called "Risks and Challenges," which requires potential entrepreneurs to list the obstacles they face, and how they plan to deal with them.
According to a Senate investigations subcommittee, Microsoft Corp., Hewlett-Packard Co. and other multinational corporations took advantage of an ambiguous U.S. tax code to avoid paying billions of dollars in taxes.
Originally published on Fri September 21, 2012 11:43 am
Every election season, political signs sprout like dandelions from lawns across America. They also pop up at more than a few businesses. For some, expressing political preferences is a calculated move to attract customers. But it can just as easily turn clients away.
Jeff Reiter, who owns the Blue Plate Lunch Counter & Soda Fountain in Portland, Ore., proudly displays a 2008 Obama campaign sign inside his restaurant and says he has "never tried to hide" his support for the president.
Tens of thousands of students are back in school this morning in Chicago.
As we told you yesterday, the Chicago Teachers Union voted to end the seven-day walkout. This morning, reports The Chicago Sun-Times, everyone was excited to get back to normal — the teachers, the students and even the mayor.