Business News

Subscribe to Business News feed Business News
Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.
Updated: 1 hour 46 min ago

Big Banks Pay $5.6 Billion, Plead Guilty To Felonies Over Currency And Rate-Fixing

Wed, 05/20/2015 - 11:46am

In one exchange, a broker told a trader, "mate yur getting bloody good at this libor game ... think of me when yur on yur yacht in monaco."

» E-Mail This

'Cartel' Of 4 Big Banks To Plead Guilty To Gaming The Exchange Rate

Wed, 05/20/2015 - 10:15am

Four banks agreed to plead guilty to currency manipulation and pay over $5 billion in fines. Officials say the banks used secret codes to manipulate the exchange rate between U.S. dollars and Euros.

» E-Mail This

U.S. Should Take A Tougher Stand Toward China, Report's Authors Say

Wed, 05/20/2015 - 4:06am

Two former U.S. diplomats argue it's time to think of China less as a trading partner and more as a threat. Steve Inskeep talks to Robert Blackwill and Ashley Tellis about a paper they co-wrote.

» E-Mail This

U.S. Charges 6 Chinese Nationals With Stealing Tech Secrets

Wed, 05/20/2015 - 4:06am

A 32-page indictment by federal prosecutors charges the six with economic espionage and trade secret theft. They are accused of stealing wireless technology from a pair of U.S. companies.

» E-Mail This

After Derailment, Congress Debates Lifting Amtrak's Damage Cap

Wed, 05/20/2015 - 4:06am

Democrats are moving to raise the liability cap on Amtrak accidents, which was set at $200 million 18 years ago. They say the cap prevents full compensation for last week's derailment in Philadelphia.

» E-Mail This

Los Angeles Minimum-Wage Workers To Get A Raise

Wed, 05/20/2015 - 4:06am

In a vote of 14-1, the Los Angeles City Council voted Tuesday to increase the city's minimum wage from $9 to $15 an hour by 2020. More than 40 percent of the workforce earns less than the hourly wage.

» E-Mail This

An NPR Reporter Raced A Machine To Write A News Story. Who Won?

Wed, 05/20/2015 - 2:27am

Machines are taking on jobs that once seemed robot-proof. But can a machine replace radio reporters? We pit a human against a machine to find out.

» E-Mail This

How A Bigger Lunch Table At Work Can Boost Productivity

Wed, 05/20/2015 - 2:24am

Some firms use motion sensors and wireless tags to find out how people actually work. That can yield useful data, such as which free snacks tend to draw people into break rooms where they congregate.

» E-Mail This

Reddit's New Harassment Policy Aimed At Creating A 'Safe Platform'

Tue, 05/19/2015 - 6:06pm

Interim CEO Ellen Pao says the site wants to encourage a variety of views, within limits. "It's not our site's goal to be a completely free-speech platform. We want to be a safe platform," she says.

» E-Mail This

Pressure To Act Unethically Looms Over Wall Street, Survey Finds

Tue, 05/19/2015 - 4:54pm

About half of the financial professionals surveyed say their competitors have behaved unethically or illegally to gain an advantage. And many say compensation and bonuses can create bad incentives.

» E-Mail This

What Does 'Raw' Mean? When It Comes To Almonds, You Might Be Surprised

Tue, 05/19/2015 - 4:11pm

By law, all California almonds must be pasteurized or treated with a fumigant — processes aimed at preventing foodborne illness. But critics say the treatments taint flavor and mislead consumers.

» E-Mail This

LA City Council Votes To Raise Minimum Wage To $15 By 2020

Tue, 05/19/2015 - 3:42pm

The increase — from $9 per hour — could cover as many as 800,000 people. LA is the biggest U.S city to raise its minimum wage to $15.

» E-Mail This

Takata Expands Airbag Recall To Nearly 34 Million Vehicles

Tue, 05/19/2015 - 3:28pm

Takata, the Japanese airbag manufacturer, has agreed to expand the number of vehicles with defective airbags to nearly 34 million, according to U.S. federal regulators.

» E-Mail This

Takata Agrees To Declare Air Bags Defective In Nearly 34M Vehicles

Tue, 05/19/2015 - 1:39pm

The problem lies with Takata air bags that can potentially explode, sending metal shards flying into the compartment. The recall is believed to be the largest in NHTSA's history.

» E-Mail This

Saving The Sweetest Watermelon The South Has Ever Known

Tue, 05/19/2015 - 12:03pm

The Bradford boasted sweet flesh so coveted, 19th-century growers turned to guns and poison to thwart thieves. The melon all but vanished by the 1920s. Now a descendant of its creator is reviving it.

» E-Mail This

How Medicare Advantage Investors Profited From Loose Government Lips

Tue, 05/19/2015 - 9:54am

When the Centers for Medicare and Medicaid Services sent a memo to insurers saying government audit policies could be relaxed, investors privy to the news pounced, sending shares upward.

» E-Mail This

Why Turkish Motorists Can't Get A Break On Gas Prices

Tue, 05/19/2015 - 4:05am

Inflation is coming down and the foreign trade deficit is shrinking but Turks aren't seeing any relief at the pumps. Lower fuel costs have been undermined by the country's declining currency.

» E-Mail This

Amtrak Train Derailment Highlights Delays Installing Safety Controls

Tue, 05/19/2015 - 4:05am

The delay in installing the automated control system that may have prevented last week's Amtrak derailment in Philadelphia is being blamed on not enough funding and complex design issues.

» E-Mail This

Highway Trust Fund Is 'Broke,' Ex-Transportation Secretary LaHood Says

Tue, 05/19/2015 - 4:05am

Lawmakers face a deadline to fund federal highway and mass transit repair. One option is to increase a gas tax. Former Transportation Secretary Ray LaHood talks to Steve Inskeep about his ideas.

» E-Mail This

FAO Schwarz Closing Flagship Store In Midtown Manhattan

Tue, 05/19/2015 - 4:05am

The toy retailer has maintained a presence at Fifth Avenue and 59th Street for decades. In July, it will close its doors. Company officials are looking for a less expensive location in Manhattan.

» E-Mail This

Pages

©2015 WLRH PUBLIC RADIO

Address

WLRH Public Radio
UAH Campus
John Wright Drive
Huntsville, AL 35899

Get Directions

Phone

LOCAL:
(256) 895-9574

TOLL-FREE:
(800) 239-9574