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Business News

Fri, 09/19/2014 - 4:02am

Steve Inskeep has business news.

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Alibaba's Initial Public Offering Is One Of The Largest Ever

Fri, 09/19/2014 - 4:02am

Chinese e-commerce powerhouse Alibaba begins trading on the New York Stock Exchange on Friday. The IPO values Alibaba at $168 billion when it begins trading.

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Retailers' Customers Cautioned As Cyber Attacks Continue

Fri, 09/19/2014 - 4:02am

Home Depot says some 56 million card holders were possibly compromised in a cyber attack. It says there's no evidence that debit PIN numbers were comprised or that the breach effected online shoppers.

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How NASA's New Spaceships Stack Up

Fri, 09/19/2014 - 3:20am

Earlier this week, NASA awarded two contracts for new spaceships to commercial companies. Here's how they compare.

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Larry Ellison Steps Down As Oracle's CEO

Thu, 09/18/2014 - 4:28pm

Safra Catz and Mark Hurd will be co-CEOs. Ellison, who co-founded Oracle in 1977, was named executive chairman of the board and Oracle's chief technology officer.

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Alibaba Found Success By Acting Like A Dating Site

Thu, 09/18/2014 - 3:18pm

Getting big isn't easy. Alibaba's founder leveraged his relationships with Chinese manufacturers and created one of the most valuable networks on the Internet.

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Apple: iOS 8 Prevents Cooperation With Police Unlocking Requests

Thu, 09/18/2014 - 11:16am

In the rollout of its new mobile operating system, Apple says it has made it technically impossible for the company to unlock phone data, even in response to a law enforcement warrant.

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'American Gothic' House Available To Rent

Thu, 09/18/2014 - 4:06am

The renter of Iowa's most famous house is moving out. The farm house pictured in Grant Wood's painting, American Gothic, is rented out by the state's historical society.

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Vermont Nonprofit Successfully Helps Homeowners Weatherize

Thu, 09/18/2014 - 4:06am

Old houses that dot New England's landscape are often expensive to heat. A nonprofit housing agency in Vermont is using customer service to get homeowners to make their houses more energy efficient.

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Holder Urges Bigger Rewards For Wall Street Whistleblowers

Thu, 09/18/2014 - 4:06am

U.S. Attorney General Eric Holder says the government needs to pay whistleblowers more money if it wants to prevent financial sector fraud.

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Bezos' Space Company To Develop Rocket Engine

Thu, 09/18/2014 - 4:06am

Amazon founder Jeff Bezos announced that his space company, Blue Origin, is partnering with U.S. based United Launch Alliance to work on a rocket engine. Currently, the U.S. relies on Russian rockets.

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Wilderness Area Accused Of Inhibiting Idaho Town's Economy

Thu, 09/18/2014 - 4:06am

Since President Johnson signed the Wilderness Act into law, Congress has set aside more than 109 million acres for federal protection. But off-limit landscape represents untapped potential for towns.

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Federal Reserve To Markets: Nothing To See Here; Move Along

Wed, 09/17/2014 - 5:22pm

The Fed said because wage-and-price hikes remain low and growth continues at a moderate pace, interest rates will stay at historic lows for a "considerable time."

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Fed Pledges To Keep Interest Rates Low For A While

Wed, 09/17/2014 - 3:08pm

Federal Reserve Chair Janet Yellen took questions from reporters on Wednesday afternoon after the central bank's release of a new policy statement. The Fed said that its bond-buying stimulus program would end next month but it will still be a "considerable time" before short-term interest rates are increased.

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3.7 Million Comments Later, Here's Where Net Neutrality Stands

Wed, 09/17/2014 - 2:12pm

A proposal about how to maintain unfettered access to Internet content drew a bigger public response than any single issue in the Federal Communication Commission's history. What's next?

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How Catholic Insurance Companies Outsource Contraceptive Coverage

Wed, 09/17/2014 - 11:02am

For years Catholic health plans have been arranging for independent insurance firms to provide contraceptive coverage to their enrollees.

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These People Can Make Student Loans Disappear

Wed, 09/17/2014 - 8:14am

A group called Rolling Jubilee has "abolished" more than $3 million in private student loans from the for-profit Corinthian Colleges. And they're just getting started.

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Netropolitan: Facebook For Rich People

Wed, 09/17/2014 - 4:02am

It was founded by an orchestra conductor in Minneapolis who says he wanted a place to talk about the finer things in life "without backlash."

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Congressional Panels Chastise NHTSA Over GM Ignition Problems

Wed, 09/17/2014 - 4:02am

Committees are looking at the National Highway Transportation Safety Administration after questions arose about how it handles recalls, including General Motors' recall over faulty ignition switches.

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United Airlines Offers Buyout Packages To Flight Attendants

Wed, 09/17/2014 - 4:02am

The airline, which has too many flight attendants since its merger with Continental, will offer the early outs in seniority order to those who meet certain service and eligibility

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