Business

Economy

DOJ Signals JPMorgan Deal Could Be Model For Other Cases

12:51pm December 12, 2013

by Chris Arnold

The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.

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Obama Concedes Botched Insurance Website Rollout Cost Time

12:51pm December 12, 2013

by Scott Horsley

The Obama administration is asking for people who've been turned off by the government's problem-plagued insurance website to come back. Officials say the website is working better now, though it's still far from fixed.

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Tech companies around the world have set up shop in the financial district in Dublin, Ireland.

World News

Amid Cuts And Tax Hikes, Tech Companies Get Love in Ireland

8:47am December 12, 2013

by Laura Sydell

Ireland has made a concerted effort to grow its tech industry, through tax incentives and development programs. Officials credit the initiative with helping uplift the country's economy. But the country has also faces local and international criticism for its approach.

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PLANET MONEY MAKES A T-SHIRT: The world behind a simple shirt, in five chapters

World News

We Found This 20-Year-Old T-Shirt In Kenya. The Internet Found The Original Owner

12:46am December 12, 2013

by David Kestenbaum

Clothes donated to charity in the U.S. often wind up for sale in African markets. Here's the story of one shirt that started out at a bat mitzvah in Michigan and wound up in a market in Nairobi.

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Noel, a remote Ozarks town of 1,832, is thriving thanks to the Tyson Foods poultry plant in town.

In A Small Missouri Town, Immigrants Turn To Schools For Help

12:30pm December 11, 2013

by Abbie Fentress Swanson

The once-sleepy tourist town of Noel, Mo., in the heart of the Ozark Mountains, is now home to hundreds of immigrants and newly arrived refugees, thanks largely to the huge Tyson Food Inc. poultry plant. And since the town lacks the infrastructure to serve these new residents, schools have become the de facto safety net.

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Economy

BP Argues Companies Are Unfairly Cashing In On 2010 Spill

12:56pm December 10, 2013

by Jeff Brady

BP is challenging hundreds of millions of dollars in claims that were filed after the 2010 oil spill in the Gulf of Mexico, saying some have no connection to the spill. But legal experts say the claims don't have to be spill-related and BP is relying on a friendly court to limit how much it will pay.

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Sheryl Sandberg, chief operating officer of Facebook, is one of the relatively few women to serve on major corporate boards.

Economy

Women Still Largely Absent From Corporate Boards

12:11pm December 10, 2013

by Wendy Kaufman

Women hold only about 17 percent of the seats on boards of directors of Fortune 500 companies, and they have an even smaller percentage of senior executive positions, according to a new study.

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Volcker Rule Aims To Rein In Banks' Risky Trades

12:11pm December 10, 2013

American bank regulators unveiled the final version of the so-called Volcker Rule, which prohibits banks from trading stocks, bonds and derivatives for their own accounts. For more, Steve Inskeep speaks to NPR's Jim Zarroli.

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The Afterlife Of American Clothes

10:45am December 10, 2013

by Gregory Warner

The U.S. exports a billion pounds of used clothes every year. Much of that winds up in used clothing markets in sub-Saharan Africa.

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Three high school students in Oakland, Calif., swap photos using Snapchat.

Teens Dig Digital Privacy, If Snapchat Is Any Indication

10:45am December 10, 2013

by Steve Henn

The track record of products designed for digital privacy has been abysmal — at least until recently. Snapchat, wildly popular among teens, is changing assumptions about young people's desire for digital privacy. But it's not clear whether the trend will stick.

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