Jim Zarroli http://wutc.org en Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct http://wutc.org/post/citigroup-agrees-7-billion-fine-egregious-misconduct Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners. Mon, 14 Jul 2014 20:15:00 +0000 Jim Zarroli 40245 at http://wutc.org Citigroup Settles Subprime Mortgage Case For $7 Billion http://wutc.org/post/citigroup-settles-subprime-mortgage-case-7-billion Transcript <p>STEVE INSKEEP, HOST: <p>Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Mon, 14 Jul 2014 16:34:00 +0000 Jim Zarroli 40224 at http://wutc.org With Default 23 Days Away, A Little Clause Could Cost Argentina Big http://wutc.org/post/default-23-days-away-little-clause-could-cost-argentina-big Transcript <p>ROBERT SIEGEL, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. The clock is ticking for Argentina. Yes, in the World Cup, but here, we're talking about its effort to prevent another debt crisis. Argentina has until the end of this month to pay its bondholders or it risks going into default. Tue, 08 Jul 2014 20:13:00 +0000 Jim Zarroli 39959 at http://wutc.org Report Shows 288,000 New Jobs In June http://wutc.org/post/report-shows-288000-new-jobs-june Transcript <p>RENEE MONTAGNE, HOST: <p>This is MORNING EDITION from NPR News. I'm Renee Montagne.<p>DAVID GREENE, HOST: <p>And I'm David Greene. Good morning. We begin this hour with more positive signs about the nation's economy. The Labor Department this morning said the U.S. unemployment rate fell to its lowest level in nearly six years last month, and employers added some 288,000 jobs to their payrolls. Here's NPR's Jim Zarroli.<p>JIM ZARROLI, BYLINE: The job growth was spread across the economy in business services, retail trade, manufacturing and even government hiring. Thu, 03 Jul 2014 15:14:00 +0000 Jim Zarroli 39750 at http://wutc.org BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt http://wutc.org/post/bnp-paribas-agrees-9-billion-fine-and-admission-guilt Transcript <p>MELISSA BLOCK, HOST: <p>Banking giant BNP Paribas has agreed to pay American regulators nearly $9 billion dollars to settle charges of economic sanctions violations. It's the largest such fine ever imposed by the U.S. The bank will plead guilty to two criminal charges. It was accused of helping clients in Sudan, Cuba and Iran conduct business in the United States. NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: The charges were brought after a lengthy investigation that involved the Justice Department, the Federal Reserve and banking regulators in New York state. Mon, 30 Jun 2014 22:20:00 +0000 Jim Zarroli 39626 at http://wutc.org U.S.-Foreign Mergers Raise Calls For Tax Reforms http://wutc.org/post/us-foreign-mergers-raise-calls-tax-reforms This week the big medical device company Medtronic said it was moving its legal headquarters from Minneapolis to Ireland. It's part of a $43 billion merger with another medical company, Dublin-based Covidien.<p>The move is a tax-saving strategy called an inversion and it's growing more common in the corporate world.<p>U.S. Fri, 20 Jun 2014 21:45:00 +0000 Jim Zarroli 39193 at http://wutc.org U.S.-Foreign Mergers Raise Calls For Tax Reforms Lightning-Fast Trades Go Beneath The Congressional Microscope http://wutc.org/post/lightning-fast-trades-go-beneath-congressional-microscope The Senate Permanent Subcommittee on Investigations is holding a hearing on problems in the financial markets caused by high-frequency trading firms. Tue, 17 Jun 2014 20:06:00 +0000 Jim Zarroli 39018 at http://wutc.org Once A GOP Pillar, Chamber Of Commerce Is Now A Lightning Rod http://wutc.org/post/once-gop-pillar-chamber-commerce-now-lightning-rod The Chamber of Commerce says it tried to help Eric Cantor in his primary campaign, but Cantor refused the offer. Thu, 12 Jun 2014 23:44:00 +0000 Jim Zarroli 38818 at http://wutc.org Political Rhetoric Bogs Down Future Of Keystone XL Pipeline http://wutc.org/post/political-rhetoric-bogs-down-future-keystone-xl-pipeline Transcript <p>RENEE MONTAGNE, HOST: <p>It's MORNING EDITION from NPR News. I'm Renee Montagne.<p>STEVE INSKEEP, HOST: <p>And I'm Steve Inskeep. Good morning. Last month the Obama administration put off a decision on whether to approve the Keystone XL pipeline. The project has been enormously controversial. It would carry crude oil from Canada to the Gulf of Mexico. This morning we examine what's at stake for the oil industry and for energy production. Fri, 23 May 2014 11:16:00 +0000 Jim Zarroli 37903 at http://wutc.org AT&T And DirecTV Mega-Merger Spells Changes For Media Landscape http://wutc.org/post/att-and-directv-mega-merger-spells-changes-media-landscape Transcript <p>AUDIE CORNISH, HOST: <p>Federal regulators are facing a decision on whether to allow another big media merger. This time, it's AT&T and DirecTV. Yesterday, the board of AT&T voted to acquire the satellite television company in a deal worth almost $50 billion. NPR's Jim Zarroli reports that the hope is to be a stronger competitor against the likes of Verizon and Comcast.<p>JIM ZARROLI, BYLINE: Like other big media companies, AT&T has been desperately trying to tell the future of the media business and get ready for it. Mon, 19 May 2014 20:16:00 +0000 Jim Zarroli 37706 at http://wutc.org Crowdfunding Can Help Build Business, But At What Cost? http://wutc.org/post/crowdfunding-can-help-build-business-what-cost Entrepreneur Andy Krafsur raised money for Spira Footwear by reaching out to friends and family. But that was a dozen years ago. After the economy tanked, the common tactic became a lot more difficult.<p>"The pool of people that you can go to has shrunken significantly," Krafsur says, "and everybody goes to those same people."<p>Then Krafsur found a crowdfunding website that helped his cash flow enormously. Fri, 09 May 2014 09:36:00 +0000 Jim Zarroli 37252 at http://wutc.org Crowdfunding Can Help Build Business, But At What Cost? Alibaba IPO Could Be The Biggest Ever http://wutc.org/post/alibaba-ipo-could-be-biggest-ever Alibaba is the biggest e-commerce player in China. The Internet conglomerate is filing papers in the U.S. for what could be the biggest IPO ever. Tue, 06 May 2014 21:34:00 +0000 Jim Zarroli 37154 at http://wutc.org Buffett Defends Coke Position At Berkshire Hathaway Meeting http://wutc.org/post/buffett-defends-coke-position-berkshire-hathaway-meeting Warren Buffett is under fire for not opposing Coca-Cola's executive compensation plan more aggressively. Buffett spoke about his decision at a shareholder meeting for his company Berkshire Hathaway. Mon, 05 May 2014 09:00:00 +0000 Jim Zarroli 37066 at http://wutc.org After Bangladesh Factory Disaster, Efforts Show Mixed Progress http://wutc.org/post/after-bangladesh-factory-disaster-efforts-show-mixed-progress One year ago Thursday, an eight-story factory building in the Bangladesh capital of Dhaka collapsed, killing more than 1,100 workers. The disaster at Rana Plaza brought new attention to safety conditions in the country's booming garment industry.<p>In the year since then, some of the world's biggest retailers have begun inspecting Bangladesh's factories more aggressively. But in other ways efforts to reform the industry have fallen short.<p>When sewing machine operator Aklima Khanam arrived at Rana Plaza on April 24, 2013, some of her coworkers were milling around outside. Thu, 24 Apr 2014 07:37:00 +0000 Jim Zarroli 36600 at http://wutc.org After Bangladesh Factory Disaster, Efforts Show Mixed Progress Blockbuster Trades Are Changing The Face Of Pharmaceuticals http://wutc.org/post/blockbuster-trades-are-changing-face-pharmaceuticals Transcript <p>MELISSA BLOCK, HOST: <p>The pharmaceutical industry is undergoing some sweeping changes so the past few days, some major deals have been announced. The first involving a trio of big named companies: GlaxoSmithKline, Novartis and Ely Lily. The second is a proposed deal between Quebec-based Valeant Pharmaceuticals and California's Allergan, the maker of Botox. That deal is valued at $45 billion. NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: In the drug business, Valeant is known for spending little money on researching new drugs. Wed, 23 Apr 2014 20:01:00 +0000 Jim Zarroli 36582 at http://wutc.org