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NPR Topics: Business

Can The Fed Help Control Inflation?
Sat, 19 Jul 2008 08:00:00 -0400
Scott Simon talks to Alan Binder, former vice chair of the Federal Reserve's Board of Governors, about whether the Fed can bring inflation under control in the face of spiraling energy and food prices.
'Is My Money Safe In A Bank?'
Sat, 19 Jul 2008 08:00:00 -0400
NPR's Scott Simon talks to Gail MarksJarvis, personal finance blogger for the Chicago Tribune, about her recent post, "Is my money safe in a bank?"
Getting Mortgages Is More Difficult
Fri, 18 Jul 2008 16:15:00 -0400
In today's economic climate, many Americans are finding it more difficult to obtain mortgages. Ken Wade, CEO of NeighborWorks America, points to fewer low down-payment mortgage programs and piggyback loans, as well as higher credit score requirements.

Latest financial news - CNNMoney.com

Why the gas tax could go up
Sat, 19 Jul 2008 10:29:12 -0400
Read full story for latest details.
Gas stays away from record
Sat, 19 Jul 2008 07:34:30 -0400
Fuel prices at the pump fell again overnight, a nationwide survey of gas station credit card swipes showed Friday.
Should the Geek Squad need private-investigator licenses?
Fri, 18 Jul 2008 19:54:45 -0400
In order to keep his business AustinPCTech legal, Mike Rife may have to become a real-life Sherlock Holmes. He fears that a new Texas law will require his small PC repair company to obtain a private-eye license, or risk incurring a $4,000 penalty and jail time.

The Financial Page

Oily Speculations
James Surowiecki Mon, 30 Jun 2008 04:00:00 -0000
When bad things happen, it’s always nice to have a scapegoat. So, with Americans furious about soaring oil prices, Congress has gone in search of someone to blame. There are a number of usual suspects to choose from, depending on your politics--OPEC, greedy oil companies, lily-livered environmentalists opposed . . .
All Together Now?
James Surowiecki Mon, 02 Jun 2008 04:00:00 -0000
These aren’t great times for CBS. It’s no longer the network ratings champ; its radio business is dragging; and a recessionary economy is bad news for a company dependent on advertising revenue. So it isn’t exactly surprising that the company felt it needed to do something dramatic. What’s surprising is . . .
The Free-Trade Paradox
James Surowiecki Mon, 19 May 2008 04:00:00 -0000
All the acrimony in the primary race between Barack Obama and Hillary Clinton has disguised the fact that on most issues they’re not too far apart. That’s especially the case when it comes to free trade, which both Obama and Clinton have lambasted over the past few months. At times . . .

Reuters: Business News

Freddie Mac files with SEC, first step to capital
Fri, 18 Jul 2008 19:55:53 -0400
WASHINGTON/NEW YORK (Reuters) - Freddie Mac won approval from regulators on Friday to sell the stock needed to overcome mounting losses, and the Wall Street Journal said the mortgage finance company may seek $10 billion.
House prices could fall for two years: Citigroup
Sat, 19 Jul 2008 04:10:59 -0400
LONDON (Reuters) - Citigroup chairman Win Bischoff has warned that house prices in Britain and the United States are likely to keep falling for another two years.
Government weighs more charges in Bear case
Fri, 18 Jul 2008 17:38:30 -0400
NEW YORK (Reuters) - The government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month related to the collapse of two hedge funds they oversaw, a federal prosecutor said on Friday.

ABC News: Money

Oil Prices Tumble $16 in One Week
Sat, 19 Jul 2008 10:08:40 -0400
Another slide in oil capped crude's biggest one-week drop in more than 3 years.
Citigroup Loses $2.5B, Beats Expectations
Fri, 18 Jul 2008 18:56:30 -0400
Citigroup posts a loss as more consumers fail to make loan payments.
Saudis Saving Citi? Americans Uneasy
Fri, 18 Jul 2008 15:27:40 -0400
It's been a banner year so far for Middle Eastern investment in U.S. banks.

BBC News | Business | UK Edition

House prices 'will keep falling'
Sat, 19 Jul 2008 12:21:40 -0000
House prices in the UK are likely to fall for another two years, the chairman of one of the world's most powerful banks warns.
Prepay energy meters are 'unjust'
Sat, 19 Jul 2008 05:02:06 -0000
Millions of households on pre-payment meters are paying 'unjust' charges, the Energy Minister Malcolm Wicks has said.
Mortgage squeeze tightens further
Fri, 18 Jul 2008 11:03:18 -0000
The mortgage squeeze continues to tighten with a further drop in lending, says the Council of Mortgage Lenders.

The Economist: Business

Crisis? What crisis?
Thu, 17 Jul 2008 12:29:20 -0000
The airlines are suffering, but the order books of Boeing and Airbus are bulgingIT IS usually axiomatic that when your customers are in trouble, you are too. But at this week's biennial Farnborough airshow, the aviation industry's biggest bash this year, that was not how it looked. With the exception of a few airlines from the Middle East, for which high oil prices are helping to fund an expansion, airlines are in deep trouble. According to IATA, their trade association, if fuel costs stay at present levels, the world's airlines will lose over $6 billion this year.The pain is greatest in America where competition is fierce, many planes are old and fuel has to be bought with weak dollars. But just about everybody is hurting. Martin Broughton, the chairman of British Airways, said this week that the airline was "up to its neck in perhaps the biggest crisis the aviation industry has ever known" and was responding by cutting flights. Even Cathay Pacific, one of the most efficient operators in the hitherto booming Asia-Pacific market, issued a profit warning on July 2nd. A number of Indian carriers also look vulnerable. ...
Marathon man
Thu, 17 Jul 2008 12:29:20 -0000
Can Tom Enders, the chief executive of Airbus, turn the planemaker into a "normal" company?"I KNEW this was not going to be a sprint, but a marathon," says Thomas Enders as he looks back on his first year as chief executive of Airbus--the firm that, with Boeing, holds a duopoly in the market for large civil aircraft. The emphasis Mr Enders puts on the long haul is calculated. When he took over, he was the fourth chief executive in little more than a year--a reflection of both the crisis that engulfed Airbus in June 2006 and the political in-fighting that had contributed to it. A former Bundeswehr paratrooper, Mr Enders is a fitness fanatic who climbs mountains, still enjoys the occasional parachute jump and likes to run half-marathons. So when he was given the chance to run Airbus, he says, he was sure he had the stamina and energy to go the full distance.This week, at the biennial Farnborough Air Show, the aviation industry had the chance to judge whether Mr Enders has the right stuff to give the planemaker the stability and strategic clarity it desperately needs. Some progress has already been made: for proof, note that Mr Enders is the sole chief executive at Airbus and reports to just one superior, Louis Gallois, the chairman of Airbus's parent, the European Aeronautics Defence and Space company, or EADS. (EADS used to be lumbered with a dual-management structure, a legacy of its origin as a Franco-German joint venture.) But Mr Enders admits that much more must be done if he is to turn the technologically brilliant but politically dysfunctional firm into what he calls a "normal company". ...
With cat-like tread
Thu, 17 Jul 2008 12:29:20 -0000
A German car-parts supplier stalks its much bigger rivalTWO years ago Continental AG, one of the world's big tyremakers, saw off a consortium of big-name private-equity investors without any difficulty. But now it may be taken over by a local rival just a third of its size. On July 15th Schaeffler, a privately owned maker of bearings, surprised the markets when it announced its intention to buy a controlling stake in Continental. The EURO11.2 billion ($17.8 billion) unsolicited bid would create the world's biggest car-parts firm by sales.In 2006 Conti's shark repellent was a high share-price and a buoyant market for tyres, brakes and car electronics. Yet the world has changed, and the firm's share price has since plunged. Last year Conti paid EURO11 billion for VDO, an electronics specialist, but the integration has been slow and the debt costly. Some of its markets, such as winter tyres, a Conti speciality, are shrinking. The three car giants in North America, where Conti looks for over a fifth of its turnover, are teetering: General Motors announced another round of factory closures and job cuts this week. High raw-materials prices and the strong euro are making life hard for German exporters. ...

Business News - UPI.com

London has world's costliest parking
Sat, 19 Jul 2008 12:15:33 -0400
LONDON, July 19 (UPI) -- Bring plenty of sterling if you plan to drive your car into central London -- a survey indicates it's the most expensive place in the world to park.
UPI NewsTrack Business
Sat, 19 Jul 2008 09:30:00 -0400
CME ups price for Nymex seats ... Yahoo moves to sell Asian subsidiary ... United hires airliner cleanliness expert ... Verizon, Chicago Transit ink subway deal ... News from United Press International.
Yahoo moves to sell Asian subsidiary
Sat, 19 Jul 2008 09:06:27 -0400
TOKYO, July 19 (UPI) -- Yahoo Inc.'s chief executive says he's considering selling the Internet search engine's stake in its Japan-based subsidiary.
Verizon, Chicago Transit ink subway deal
Sat, 19 Jul 2008 08:52:07 -0400
CHICAGO, July 19 (UPI) -- Chicago Transit Authority officials say they've struck a deal with Verizon Wireless to provide cell phone service in the city's subway tunnels.
CME ups price for Nymex seats
Sat, 19 Jul 2008 08:38:00 -0400
CHICAGO, July 19 (UPI) -- Futures exchange giant CME Group Inc. says it has upped its per-seat offer in a bid to purchase the New York Mercantile Exchange.
United hires airliner cleanliness expert
Sat, 19 Jul 2008 07:52:26 -0400
CHICAGO, July 19 (UPI) -- United Airlines says it has hired an executive with a track record of sprucing up the tired look of Delta Airlines' worn airliner interiors.

 
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