Economy

Economy

Mill Closing Is 'Major Setback' For Ala. Town

5:27am September 12, 2013

by Stan Ingold

International Paper will close a mill in Courtland, Alabama, that employs more than 1,000 workers. The company blamed a decline in the demand for paper products in the U.S. for the decision. It said the shutdown will be completed in about six months.

Queue Listen Now

Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about fingerprint security features of the new iPhone 5s Tuesday in Cupertino, Calif.

Economy

Key To Unlocking Your Phone? Give It The Finger(print)

7:54am September 11, 2013

by Steve Henn

Passwords are a pain to remember, and they're only partially effective in securing your devices. Now, with a fingerprint scanner built into the new iPhone 5s' home button, biometrics is taking a big step into a much bigger ecosystem. But such scanners raise security and privacy concerns of their own.

Queue Listen Now

"I've been wrong so often I don't find it extraordinary at all," Ronald Coase told us last year.

Economy

The Nobel Laureate Who Figured Out How To Deal With Annoying People

5:22pm September 10, 2013

by Jacob Goldstein

The solution, according to the Coase Theorem: Pay them to stop annoying you. Ronald Coase, who came up with that idea, died Monday at the age of 102.

Queue Listen Now

Economy

High Point Planning a Park for City's West Side

12:24pm September 10, 2013

It's not an absolutely done deal yet, but most of the High Point residents who have expressed opinions think a new park for the city is a good idea.

Queue Listen Now

The Steinway Musical Instruments factory in Queens, N.Y.

Why Steinway Is Likely To Be Sold To A Hedge Fund Manager

11:16am September 10, 2013

by Ilya Marritz

Steinway Musical Instruments is on the auction block and a mystery bidder, rumored to be hedge fund manager John Paulson, appears to have the winning bid at $458 million. Ilya Marritz explains why the fairly healthy company is seeking a buyout in the first place.

Queue Listen Now

Rahul Kacker owns a factory that makes car components. His business has been hit by the economic slowdown.

India's New Central Banker Steps Into A Perfect Storm

8:54pm September 06, 2013

by Julie McCarthy

The new chairman of the Reserve Bank of India infused a sense of much-needed optimism this week, but analysts say the exuberance is unlikely to last. India's economic growth has crashed, its currency has plunged and prices are up. After a decade of high growth rates, India is now the sick man of Asia.

Queue Listen Now

Economy

Rates Come Down On Jumbo Mortgage Loans

12:40pm September 06, 2013

by Chris Arnold

The interest rate on jumbo mortgages — those that exceed a government-set cap of $417,000 — has fallen below the rate for traditional loans. Mortgage industry observers say it's the first time this has happened.

Queue Listen Now

Economy

Opportunity Scholarships Will Change NC's Education Landscape

10:32am September 06, 2013

A new law will help change the look of some North Carolina schools.

Queue Listen Now

The owner of the dealership wouldn't sell trade-ins or the previous year's model once the new ones came out, keeping most of the old inventory outside. He closed his dealership in 1996 and is just now selling off his collection.

Under Dust And Rust, 'New' Classic Cars Go Up For Auction

8:11pm September 05, 2013

by Ryan Robertson

A long-closed car dealership in Nebraska will soon auction more than 500 classic cars, many with fewer than 10 miles on the odometer. Though time has taken a toll on many on the block, in some ways the cars are brand new. Some still have plastic on the seats and the price sticker on the window.

Queue Listen Now

The next bed could cost you a lot if the hospital says you're there on observation.

For Hospital Patients, Observation Status Can Prove Costly

9:25am September 05, 2013

by Ina Jaffe

When is an inpatient in the hospital not an inpatient in the hospital? When that patient is on observation status. Patients who are termed on observation can have trouble getting Medicare to pay if they need to go to a nursing home. The practice has sparked lawsuits and legislation.

Queue Listen Now