Jim Zarroli http://wnku.org en International Court Rules Against Russia In $50 Billion Decision http://wnku.org/post/international-court-rules-against-russia-50-billion-decision Russia says it will appeal an unfavorable decision by a court in The Hague. The Permanent Court of Arbitration awarded $50 billion to shareholders of the defunct Yukos oil company. Russia seized the company in 2003 and put owner Mikhail Khodorkovsky in jail on tax and fraud charges. <div class="fullattribution">Copyright 2014 NPR. Mon, 28 Jul 2014 21:05:00 +0000 Jim Zarroli 38520 at http://wnku.org Locked In U.S. Hedge Fund Battle, Argentina Faces Default http://wnku.org/post/locked-us-hedge-fund-battle-argentina-faces-default <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Locked+In+U.S.+Hedge+Fund+Battle%2C+Argentina+Faces+Default&utme=8(APIKey)9(MDA2NDA4NzY1MDEyODkzMjYyNTkxZjFiZQ004)"/></div><p>Transcript <p>RENEE MONTAGNE, HOST: <p>This is MORNING EDITION from NPR News. I'm Renee Montagne.<p>LINDA WERTHEIMER, HOST: <p>And I'm Linda Wertheimer. The nation of Argentina could default this week on billions of dollars of debt. It would be the second time Argentina has defaulted in less than 15 years. Mon, 28 Jul 2014 09:55:00 +0000 Jim Zarroli 38490 at http://wnku.org How High Debt From The Housing Collapse Still Stifles Our Economy http://wnku.org/post/how-high-debt-housing-collapse-still-stifles-our-economy "Foreclosure, foreclosure, foreclosure."<p>Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.<p>"The banking industry allowed everyone to be a homeowner; they gave mortgages to people [just because they were] breathing," Susani says.<p>In some cases, he says, home prices jumped as much as 50 percent. The homes on these streets aren't worth nearly that much anymore.<p>Seven years after the subprime mortgage crisis, U.S. Thu, 24 Jul 2014 10:13:00 +0000 Jim Zarroli 38351 at http://wnku.org How High Debt From The Housing Collapse Still Stifles Our Economy Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct http://wnku.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 37983 at http://wnku.org With Default 23 Days Away, A Little Clause Could Cost Argentina Big http://wnku.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 37748 at http://wnku.org BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt http://wnku.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 37465 at http://wnku.org U.S.-Foreign Mergers Raise Calls For Tax Reforms http://wnku.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 37097 at http://wnku.org U.S.-Foreign Mergers Raise Calls For Tax Reforms Lightning-Fast Trades Go Beneath The Congressional Microscope http://wnku.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 36954 at http://wnku.org AT&T And DirecTV Mega-Merger Spells Changes For Media Landscape http://wnku.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 35890 at http://wnku.org Crowdfunding Can Help Build Business, But At What Cost? http://wnku.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 35496 at http://wnku.org Crowdfunding Can Help Build Business, But At What Cost?