WNYC News: Archive for Business
N.C. Regulator Tapped To Handle $25B Mortgage Deal
Saturday, February 11, 2012
Joseph Smith Jr. has been chosen to oversee the multibillion-dollar national mortgage settlement announced earlier this week. Smith is described as a man who understands the plight of the homeowner without forgetting what makes a successful banking industry work.
What Do The Dow's Daily Swings Mean? Not Much.
Thursday, February 09, 2012
Even the guy in charge of the Dow doesn't check it every day. Yet we're constantly bombarded by news of the Dow's daily movements.
Facebook's Early Investors May Have Much To Like
Friday, February 03, 2012
An IPO filing provides a window into wealth. In the case of Facebook, the wealth will likely be enormous and spread across hundreds if not thousands of early investors and employees. The number of millionaires and billionaires in Silicon Valley grew noticeably Wednesday.
Soon Facebook Growth Will Be About Users Clocking In More Time
Thursday, February 02, 2012
As the number of new Facebook users plateaus, the company will have to find ways to draw individual users in for longer periods of time if it hopes to keep ad profits growing.
Status Updated: Facebook Files Papers For IPO
Wednesday, February 01, 2012
In its widely expected filing, the social media giant says it expects to raise $5 billion. Shares are likely to start trading sometime in the second quarter.
American Airlines Plans To Cut 12,000 To 14,000 Jobs
Wednesday, February 01, 2012
The company, now in bankruptcy protection, would eliminate as many as 16 percent of its jobs. "But we will also preserve tens of thousands of jobs that would have been lost if we had not embarked on this path," CEO Tom Horton says.
Tech World Buzzes With Word That Facebook's IPO Filing Is Imminent
Wednesday, February 01, 2012
The social networking company is expected to begin the process of going public today. If valued at $100 billion, Facebook would become one of the largest and most valuable companies in the U.S.
Facebook IPO: Worth The Price Or Next Internet Bubble?
Monday, January 30, 2012
Facebook is expected to file papers for an initial public offering this week, and industry watchers say the company may be valued at nearly $100 billion. Is the social networking website worth the price, or is this another Internet bubble in the making?
S&P Downgrades The Credit Of Nine European Countries, Including France
Friday, January 13, 2012
Standard & Poor's said its downgrades reflect its belief that the eurozone hasn't done enough to mitigate its debt crisis. The downgrades could have deep implications for the health of the monetary union.
Tips for Unemployed Wall Street Bankers
Friday, January 13, 2012
Many Wall Street employees are expected to be handed pink slips in the New Year after banks announced plans to cut more than 60,000 in 2012.
Hostess, Maker Of Twinkies, Files For Chapter 11 Bankruptcy Protection
Wednesday, January 11, 2012
Twinkies maker Hostess Brands Inc., is again seeking protection from its creditors, blaming high debt and rising costs of labor and raw materials. Sales of Twinkies are down, despite its prime product placement in the 2009 film Zombieland.
Why Millions Of Prescriptions Will No Longer Be Filled At Walgreens
Monday, January 09, 2012
Starting this year, many Americans may be surprised to find that their local Walgreens or Duane Reade is no longer in their insurance network. That's because of a dispute between two health care giants. If the back of your insurance card says Express Scripts, you are affected.
Jobless Rate Dips To 8.5 Percent, 200,000 Jobs Added To Payrolls
Friday, January 06, 2012
The unemployment rate is near a three-year low and there were 1.9 million private-sector jobs added to payrolls last year, the Bureau of Labor Statistics says.
Fed Will Now Publicly Forecast Interest-Rate Changes
Tuesday, January 03, 2012
The Fed hopes by giving the market some foresight, it can better manage expectations.
Can We Expect An Organic Milk Shortage In 2012?
Tuesday, January 03, 2012
There's not enough organic milk, especially in states like Florida and Georgia. Inputs — like organic grain and hay for animals — are now dramatically more expensive for farmers. That means organic dairy cows are getting less food and producing less milk.
2012: A Better Year, Unless Europe's Debt Blows It Up
Sunday, January 01, 2012
The year that passed disappointed both investors and job seekers. Economists think the new year will be a bit better, with GDP growth rising to 2.4 percent. Much depends on European leaders' ability to fix the ongoing debt crisis; they may find a solution in 2012, but consequences are dire if not.
Verizon Backs Down From Plans To Charge $2 For Online, Phone Payments
Friday, December 30, 2011
Verizon said it was scrapping its plans because of customer feedback. The fee caused an uproar on the Internet.
Verizon Will Charge $2 To Pay Bill Online Or By Phone
Thursday, December 29, 2011
Verizon said it will waive the "convenience fee" for those mailing a check or those on auto-pay.
The Undertakers Of The Retail Industry
Tuesday, December 27, 2011
Right now is a perfect moment for a liquidator. The economy is bad enough that big companies are going out of business, but good enough that customers will come and buy the stuff that's for sale.
Lost Money: $41 Billion In Gift Cards Haven't Been Redeemed Since 2005
Tuesday, December 27, 2011
They're enormously popular — an estimated $27.8 billion worth have been given this holiday season. But many also never get fully used. What to do? Swap them. Regift them. Invest them. Or, perhaps, give them to charity.