National News

Germany Calls For 'Honest Foundation' In Relations With U.S.

NPR News - Fri, 2014-07-11 04:47

The remarks by Foreign Minister Frank-Walter Steinmeier follow fresh allegations of U.S. spying on Germany as well as Berlin's request that the top U.S. intelligence official in the country leave.

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Dozens Of Ukrainian Troops Reportedly Killed By Militants

NPR News - Fri, 2014-07-11 04:39

Separatists in the east used a rocket-launching system in an attack that one officials said killed as many as 30 government troops. The strike comes after days of steady gains by Ukrainian forces.

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How A Fanny Pack Mix-Up Revealed A Medicare Drug Scam

NPR News - Fri, 2014-07-11 04:07

Two secretaries in a doctor's office have pleaded guilty and a pharmacy owner faces charges in a scam that Medicare allowed to thrive for more than two years.

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Q&A: A Union Leader On Tenure, Testing And The Common Core

NPR News - Fri, 2014-07-11 04:03

The American Federation of Teachers holds its annual meeting this weekend. Its president, Randi Weingarten, talks with NPR Ed.

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Israel And Hamas Keep Up Attacks, Ignoring Calls For Peace

NPR News - Fri, 2014-07-11 03:38

In Israel, a rocket hits a gas station, setting it on fire and causing several injuries; in Gaza, the health ministry says 100 Palestinians have been killed.

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Economists Say Inflation Is Tame; Consumers Aren't Buying It

NPR News - Fri, 2014-07-11 03:02

On paper, inflation has been low this year. But consumers buying food or fuel may disagree. Prices for beef, eggs, fresh fruit and many other foods are much higher than overall inflation.

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Wells Fargo, other big banks could see lower profits

Marketplace - American Public Media - Fri, 2014-07-11 02:14

Second-quarter bank earnings reports kick off today.  First up is Wells Fargo. Other major banks including JPMorgan, Citigroup, and Bank of America follow next week.  

Wells Fargo has been winning, big. The nation's top mortgage lender has had 17 straight quarters of earnings growth. But that streak might just come to an end. Earnings aren't expected to be all that great, as analysts predict small declines in second-quarter earnings.  

Lauren Cohen, who teaches finance at Harvard Business School, says that's because of slower-than-expected growth in the housing market.

"So it's not that there weren't home sales, it's just that we thought it was going to be a little bit faster," he says. "So that was baked into expectations about how we thought Wells Fargo was going to do."

There's another thing that worries banks: all that money these companies will be paying the government for their part in the recent financial crisis.

"That's one area that will hurt banks' bottom lines," says Michael Imerman, who  teaches finance at Lehigh University. He says over last quarter, several of the big banks have set aside reserves for legal fees and settlements.

"We're talking billions of dollars, and this seems to be just the beginning," he says.

On the upside, Cohen says, these are one-off expenses. So banks will bounce back. Eventually.

Silicon Tally: The World Cup

Marketplace - American Public Media - Fri, 2014-07-11 02:00
It's time for Silicon Tally. How well have you kept up with the week in tech news? This week we're joined by Nando Vila, VP of programming for Fusion and host of Soccer Gods, for a World Cup-themed Silicon Tally. var _polldaddy = [] || _polldaddy; _polldaddy.push( { type: "iframe", auto: "1", domain: "marketplaceapm.polldaddy.com/s/", id: "silicon-tally-world-cup", placeholder: "pd_1405075905" } ); (function(d,c,j){if(!document.getElementById(j)){var pd=d.createElement(c),s;pd.id=j;pd.src=('https:'==document.location.protocol)?'https://polldaddy.com/survey.js':'http://i0.poll.fm/survey.js';s=document.getElementsByTagName(c)[0];s.parentNode.insertBefore(pd,s);}}(document,'script','pd-embed'));
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