Business

3:16pm

Sat January 28, 2012
Business

Made In The USA: Saving The American Brand

General Motors, headquartered in Detroit, recovered from near disaster after a financial bailout from the federal government.
Bill Pugliano Getty Images

A majestic building still dominates the skyline of Rochester, N.Y., the word "Kodak" shining brightly from the top. It's the legacy of George Eastman — the founder of the Eastman Kodak Co. — a company that helped Rochester thrive and gave it the nickname "Kodak Town."

In 1976, Kodak sold 90 percent of the film around the world. The company basically invented digital photography, but it couldn't figure out how to make the transition from film quickly enough to out-compete its Asian rivals. Of the 20 best-selling digital cameras in the U.S., not a single one is from Kodak.

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2:30pm

Sat January 28, 2012
Business

GM CEO: No Apologies For Accepting U.S. Bailout

Just a few years ago, America's auto industry was on the verge of collapse. When President Obama took office, he had to decide whether to bail out General Motors or let it die. He chose to send them a lifeline, to the tune of $50 billion. In this week's State of the Union speech, President Obama said that decision paid off.

"Today, General Motors is back on top as the world's No. 1 automaker," Obama said.

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6:00am

Sat January 28, 2012
NPR Story

Obama's Plan To Kick-Start Housing Market

Originally published on Sat January 28, 2012 8:46 am

Transcript

SCOTT SIMON, HOST:

The future of the state of the U.S. housing market was a primary focus for the White House this week. On Tuesday's State of the Union address, President Obama unveiled a new plan to try to correct the housing downturn. It would allow qualifying homeowners the chance to refinance their mortgages at historically low rates.

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11:53am

Fri January 27, 2012
The Two-Way

Fitch Downgrades Credit Of 6 E.U. Countries, Including Spain, Italy

Fitch Ratings announced it was cutting the ratings of Italy, Spain, Belgium, Slovenia, and Cyprus.

Italy and Spain, two of the biggest eurozone economies, suffered a two-notch drop. Italy went from A+ to A- and Spain went from A to AA-.

Bloomberg reports:

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7:29am

Fri January 27, 2012
The Two-Way

Twitter Announces It Can Now Block Content By Country

Twitter logo.
Twitter

Twitter announced, last night, that it now has the ability to block content by country. This means, for example, that if a Tweet breaks a German law, Twitter can now block it in Germany but leave it up in the rest of the world.

In a blog post, Twitter explained:

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