Business & Education

Business
3:44 am
Wed November 20, 2013

Ohio Wal-Mart Conducts Thanksgiving Food Drive For Its Workers

Originally published on Wed November 20, 2013 6:34 am

Transcript

STEVE INSKEEP, HOST:

Here in the United States, Wal-Mart is trying to play down accusations that it underpays its staff. An effort by employees at an Ohio Wal-Mart to collect food for fellow workers' Thanksgiving dinners has gone viral - and not in a good way.

M.L. Schultze, from member station WKSU, reports some see the food drive simply as people helping people.

Read more
Business
3:44 am
Wed November 20, 2013

Johnson & Johnson Said To Reach Deal On Artificial Hip Suits

Originally published on Wed November 20, 2013 6:34 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a giant hip check.

(SOUNDBITE OF MUSIC)

INSKEEP: You know, sort of like you'd have in basketball or hockey. Johnson & Johnson has agreed to pay out $2.5 billion to settle a lawsuit over faulty artificial hips. The medical products maker will reportedly pay 8,000 American patients $250,000 each for new hip replacement surgery. An additional $475 million will cover other health problems caused by the faulty device which is called the articular service replacement or ASR.

Read more
Poultry Plant Closing
4:26 pm
Tue November 19, 2013

Pilgrim's Pride Corp. Closing Ala. Poultry Plant

Pilgrim's Pride Corp. is closing a poultry plant that employs more than 1,000 people in northeast Alabama.
Credit WHNT-19

The Colorado-based Pilgrim's Pride Corp. is closing a poultry plant that employs more than 1,000 people in northeast Alabama.

A secretary for Boaz Mayor Tim Walker says the company announced Tuesday that it will close a chicken processing plant in the Marshall County town.

Executives told workers about the decision in a meeting at the plant, but a company spokesman didn't immediately return messages seeking comment.

Poultry is a major regional industry, and Pilgrim's Pride is one of the largest employers.

Read more
Energy
3:40 pm
Tue November 19, 2013

California, Colorado Consider Tough Oil And Gas Regulations

Originally published on Tue November 19, 2013 4:54 pm

Colorado and California both just proposed new regulations for oil and gas production in their states. Both states have been pushed by environmental concerns to establish rules tougher than federal requirements. If Colorado's proposal goes ahead, it would be the first state in the nation to directly regulate methane. California also says its proposed rule would be the toughest in the nation. It regulates the engineering technique called hydraulic fracturing, or fracking.

Business
3:40 pm
Tue November 19, 2013

Landmark Deal Will Force JPMorgan To Help Fight Blight

Originally published on Tue November 19, 2013 4:54 pm

A portion of the $13 billion JPMorgan Chase mortgage settlement will go to anti-blight measures across the country. One of the groups that might receive some of those funds is the Thriving Communities Institute in Cleveland, Ohio. Melissa Block talks with the non-profit's director, Jim Rokakis, about how the group tries to fight blight by establishing land banks, demolishing vacant properties and finding new ways to use the land.

Business
3:40 pm
Tue November 19, 2013

JPMorgan, Feds Finalize Record $13 Billion Mortgage Settlement

Originally published on Tue November 19, 2013 4:54 pm

A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.

The Two-Way
2:49 pm
Tue November 19, 2013

JPMorgan Chase Will Pay $13 Billion In Record Settlement

In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
Mark Lennihan AP

Originally published on Tue November 19, 2013 4:38 pm

In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.

The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.

Read more
The Two-Way
12:53 pm
Tue November 19, 2013

Safety Agency Opens Probe Into Tesla Fires

Tesla Motors Chairman and CEO Elon Musk (in driver's seat) and chief designer Franz von Holzhausen (in passenger seat) drive the new Tesla Model S all-electric sedan in Hawthorne, California on March 26, 2009.
Robyn Beck AFP/Getty Images

The National Highway Traffic Safety Administration says it has opened an investigation into battery fires in two Tesla Motors Model S sedans.

The fires — three reports in six weeks — have sparked concern about the safety of the electric cars. The New York Times reports:

Read more
The Two-Way
12:36 pm
Tue November 19, 2013

King Of Thrones: America's Best Restroom Is In Minneapolis

In the Game of Thrones, this is the winner: the fanciful restroom of the Varsity Theater in Minneapolis.
Varsity Theater

Originally published on Tue November 19, 2013 3:38 pm

It pays to be unique when you're going for the title of best restroom in the land. Design details are crucial, and so is the choice of materials. It also doesn't hurt if you serve drinks in a commodious chamber. Those are the strengths of the Varsity Theater, a concert hall in Minneapolis that has won America's Best Restroom Contest for 2013.

Read more
Parallels
11:55 am
Tue November 19, 2013

Landlines, It Turns Out, Aren't Vanishing Everywhere

A Cambodian gambler talks on 18 cellphones at once at a boxing match in Phnom Penh in 2010. There are nearly 132 cellphones for every 100 Cambodians, but the country has also seen a surge in the number of landlines.
Tang Chhin Sothy AFP/Getty Images

Originally published on Wed November 20, 2013 6:03 am

On All Things Considered, NPR's Martin Kaste reported Monday on U.S. landline infrastructure. One fact stood out: 96 percent of homes had landlines in 1998, and that number is down to 71 percent today.

Read more
Economy
11:10 am
Tue November 19, 2013

Economic Recovery: Women Bouncing Back Quicker Than Men?

New figures show women have more jobs in the U.S. than ever before - but men are still struggling to pull out of the recession. Host Michel Martin speaks with NPR senior business editor Marilyn Geewax, and Ariane Hegewisch from the Institute for Women's Policy Research.

All Tech Considered
9:09 am
Tue November 19, 2013

March Of The Indies: The Punk Rockers Of Video Games

Independent developer Jonathan Blow's time-warping, mind-bending puzzler Braid turned a hackneyed plot — little guy rescues a princess — into a melancholy meditation on love and loss.
Microsoft AP

Originally published on Tue November 19, 2013 4:05 pm

Read more
Business
3:23 am
Tue November 19, 2013

JPMorgan, DOJ Expected To Settle Over Mortgage Abuses

Originally published on Tue November 19, 2013 5:15 am

The Justice Department is said to be announcing on Tuesday a $13 billion settlement with JPMorgan Chase. The deal centers on mortgage securities issued in the run-up to the financial crisis.

Business
3:23 am
Tue November 19, 2013

Anticipated China Announcement Fuels Certain Stocks

Originally published on Tue November 19, 2013 6:51 am

The Chinese government announced last week that soon families will be permitted to have two children — if one of the parents is an only child. They haven't announced when that policy change will occur. Still, on Asian markets, stock prices of baby formula, diaper and stroller companies all soared on Monday in anticipation.

Business
3:23 am
Tue November 19, 2013

Bitcoin Hits Record High After Senate Panel Told It's Legal

Originally published on Tue November 19, 2013 5:15 am

The cyber-currency was at the center of a Senate panel hearing Monday. Senators are looking into the way Bitcoin was used by the illegal drug marketplace that called itself Silk Road. But even with the scrutiny, Bitcoin investors drove the virtual currency to record highs.

Pages