Business

11:13pm

Thu July 26, 2012
Planet Money

How To Set Up An Offshore Company

Originally published on Thu August 2, 2012 12:51 pm

Lam Thuy Vo / NPR

Setting up an offshore company in a tax haven is surprisingly easy. A simple Google search offers up thousands of companies willing to help you do it.

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2:50pm

Thu July 26, 2012
U.S.

Bypassing College Dreams, A Different Road To Work

Originally published on Fri July 27, 2012 3:10 pm

Kelly Thompson, a mentor at Siemens, gives apprentices an orientation of the factory. The program provides on-the-job training in manufacturing.
Courtesy of Siemens Energy Inc.

Rebeca Espinal admits with a shy smile that she's a straight-A math student. She's a high school graduate who dreamed of going to college.

Instead, Espinal, 17, is working in a Charlotte, N.C., factory that makes gas turbines and generators. She is an apprentice with the German company Siemens.

"I was planning on getting a degree in international relations, but with financial aid and how difficult it is to pay for college and everything," she says. "So when Siemens came along and gave me the offer, it was too good of an opportunity to just let it go.

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11:33am

Thu July 26, 2012
The Two-Way

How's Facebook Really Doing? Investors Will Soon Find Out

Originally published on Thu July 26, 2012 2:41 pm

Mobile devices are key to Facebook's growth potential. Can it deliver?
Karen Bleier AFP/Getty Images

Update at 4:33 p.m. ET. Right At Expectations:

Facebook reported slightly stronger than expected profits. For the second quarter, it reported a net loss of $157 million or 11 cents a share. But when it adjusted its earnings to remove stock compensation charges related to its IPO, Reuters reports, Facebook actually made 12 cents a share.

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11:29am

Thu July 26, 2012
The Two-Way

Ford Recalls 485,000 Escapes And Mavericks With Throttle Problems

Originally published on Fri July 27, 2012 10:16 am

Ford Escapes sit at a Ford dealership in east Denver.
David Zalubowski AP

Ford says that 485,000 Ford Escapes and Mavericks — which are sold in Europe — may have problems with its throttles.

The AP reports Ford issued a worldwide recall for model year 2001 through 2004 small sports utility vehicles "that are powered by 3-liter V-6 engines with cruise control."

The AP adds:

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6:55am

Thu July 26, 2012
The Two-Way

Jobless Claims Drop, Previous Week's Increase Erased

The number of people filing first-time claims for jobless benefits fell by 35,000 last week, to 353,000, the Employment and Training Administration just reported.

That brings the level about back to where it was three weeks ago and down near a four-year low — but also keeps claims in the range where they've been trending for about the last year.

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