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Business News
Renee Montagne has business news.
Fed Warns Stimulus Package Will Be Ratcheted Down
Investors have been nervous about the Federal Reserve's intentions after hints that it might reduce its massive bond buying program. Amid volatile markets, traders and investors complained they wanted more clarity. Chairman Ben Bernanke obliged on Wednesday after a regular two-day meeting of Fed policymakers.
Judge Considers Class Action Status For O'Bannon V. NCAA
A federal judge on Thursday hears arguments over whether a lawsuit against the NCAA should be expanded. The case was brought by former UCLA basketball player Ed O'Bannon. He contends the NCAA unfairly benefits from student athletes by forcing them to sign away their licensing rights.
Actor James Gandolfini Dies Suddenly While On Vacation
The 51-year-old actor died on Wednesday in Rome. Reports attribute his death to a heart attack. Gandolfini had been a character actor for years before he was given a chance to read for Tony Soprano in a new series about a New Jersey mob boss HBO was producing in the late 90s.
Aracelis Upia Montero works at the Alta Gracia garment factory in the Domini...
Can This Dominican Factory Pay Good Wages And Make A Profit?
Textile workers in some poor countries like Bangladesh can make less than $100 a month. One factory in the Dominican Republic is trying something different: It's paying workers $500 a month. The company has yet to break even after three years, but the CEO says the business is growing rapidly and he believes it will be profitable.
What Does It Mean That Iran's President-Elect Is A Moderate?
The man elected to be Iran's new president has been consistently described as moderate. In the days since the election, many have come to question what that means — especially when it comes to the country's nuclear program and its relations with the U.S. Steve Inskeep talks to one of the president-elect's long-time deputies, Hossein Mousavian.