WNYC News: Archive for Business
Money Talking
New Yorkers crave informed and intelligent business and economic news. Every week, Jeff Greenfield hosts regular WNYC contributors Joe Nocera (The New York Times) and Rana Foroohar (Time) to bring you those stories. It’s a conversation that goes beyond the headlines. Context, conversation and insight. That’s WNYC's Money Talking.
MF Global Fires All 1,066 Brokerage Employees
Friday, November 11, 2011
The trustee overseeing the firm's liquidation terminated the workers. Some may be rehired to help wind down the firm, which was headed by former New Jersey Gov. Jon Corzine (D).
The Red Solo Cup: Every Party's Most Popular Guest
Saturday, November 05, 2011
It's not just any party cup; it's the king of the keggers. Born in the '70s, the ubiquitous red Solo cup is the official drinking vessel at barbecues, fairs and college parties across America. It's changed over the years, but it'll never be too old for beer pong.
Who Benefits When A Private Prison Comes To Town?
Saturday, November 05, 2011
Critics have long questioned the quality of private prisons and the promises of economic benefits where they are built. But proponents say private prisons not only save taxpayers money, but they also generate income for the surrounding community.
Bernanke: Pace Of Progress 'Likely To Be Frustratingly Slow'
Wednesday, November 02, 2011
In a press conference, Federal Reserve Chairman Ben Bernanke painted a mixed picture of the economy. Essentially, the chairman said, growth will be slow and unemployment will continue stubbornly high.
Growth of Chain Stores Slows in NYC: Report
Tuesday, November 01, 2011
Growth among national retailers is slowing down in New York City, according to a new report from the Center for an Urban Future.
'Trade You Snickers For Smarties': The Economics Of Halloween Candy
Tuesday, November 01, 2011
The decibel level in a room filled with children trading candy rivals that of Wall Street. When the trading peaks, cross-room deals have Milk Duds flying overhead while a Jolly Rancher comes the other way.
Two Women Tapped To Lead Major Companies
Wednesday, October 26, 2011
Two Fortune 500 companies have selected women as their incoming chief executive officers. By New Year's Day, the ranks of female corporate leaders will set a record for the largest number of women serving as CEOs at the same time.
Netflix Loses 800,000 Customers In Third Quarter
Monday, October 24, 2011
The video subscription service reported the biggest exodus in its history — even as the company's earnings rose 65 percent. Netflix lost its luster among consumers and investors by raising prices as much as 60 percent in the U.S. and bungling an attempt to spin off its DVD-by-mail rental service.
What's On Wall Street? Fewer Banks, More Condos
Monday, October 24, 2011
Technology has allowed many of the bigger firms to leave Wall Street since trading is done electronically, "on a computer somewhere in suburban New Jersey," as one expert notes. But demonstrators with the Occupy Wall Street movement in nearby Zuccotti Park say the Street is still an important symbol.
Today's Wall Street Not Much Different From 2008
Sunday, October 23, 2011
Regardless of how Europe resolves its debt crisis, changes are needed. Like the U.S., Europe's road to recovery is likely to be long and difficult. As European markets get closer to a meltdown and the echoes of the 2008 banking crisis still resonate in the U.S., has anything changed on Wall Street?
Japan's Uniqlo Eyes Manhattan, And More
Friday, October 21, 2011
At a time when retailers like Gap are shrinking, a trendy Japanese fashion retailer has opened a flagship location in New York and plans to keep expanding in the U.S. Customers are drawn to Uniqlo's affordable, colorful clothes at a time when they're reluctant to spend.
Cultivating A Wine Market In N.Y.'s Finger Lakes
Tuesday, October 18, 2011
The hills surrounding the lakes are fertile ground, and the area's wines are gaining acclaim. But it's still tough to buy a bottle: The Finger Lakes wines face tough competition from better-known wines, and only a few of the local labels can be found in other states.
Pipeline Powerhouse? Kinder Morgan To Buy El Paso
Monday, October 17, 2011
The $20.7 billion deal would more than double the size of Texas-based Kinder Morgan's pipeline network. It would stretch 80,000 miles — long enough to wind around the globe three times.
Housing Market Stuck Despite Low Prices, Rates
Monday, October 17, 2011
One reason for the continued gloom: It's too hard for many people to qualify for the low rates. But a new program the Obama administration is considering could help millions save an average of $2,000 a year through refinancing.
Occupy Wall Street Inspires Worldwide Protests
Saturday, October 15, 2011
Taking a cue from the protests in New York, protesters across the globe took to the streets Saturday to demonstrate against what they say is corporate greed. The protests were largely peaceful, except in Rome, where there were running battles between black-hooded anarchists and the police.
Defending Defense Contracts: Programs Turn To PR
Friday, October 14, 2011
The Obama administration wants 10 percent — or $450 billion — in defense cuts over the next decade. It's the first time since 2001 that the Defense Department has had to fight for funding. That has meant lobbying Congress and even going to the public for support.
Silence Of Super(secret)committee May Be Progress
Thursday, October 13, 2011
On Capitol Hill, the Joint Select Committee on Deficit Reduction has gone silent for the past month. The 12 members have been meeting behind closed doors — sometimes all together, sometimes in smaller groups — to try to hammer out a deal on future budget cuts.
BlackBerry: 'We've Let Many Of You Down'; Still Working To Restore Service
Thursday, October 13, 2011
Research in Motion founder Mike Lazaridis concedes he can't say for certain when service will be completely back to normal.
New Girl Scout Badges Offer Different Choices To Smart Cookies
Wednesday, October 12, 2011
For the first time in nearly a quarter-century, the Girl Scouts of the USA have updated their badges.
Economy Adds Jobs, But Unemployment Rate Stays 9.1 Percent
Friday, October 07, 2011
As President Barack Obama pushes Congress to approve his jobs bill, the latest jobs report out Friday shows 103,000 jobs were created in September — better than most economists and analysts had forecast.