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Business
4:35 am
Wed August 15, 2012

British Bank Settles Money Laundering Charges

Transcript

RENEE MONTAGNE, HOST:

A British bank has agreed to settle charges that it illegally laundered Iranian money. The settlement with Standard Chartered was announced by New York banking regulators, who'd brought the charges just a week ago. The bank still is under investigation by the federal government. NPR's Jim Zarroli has more.

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Business
4:14 am
Wed August 15, 2012

BBC Exec to become head of NY Times

Originally published on Wed August 15, 2012 6:32 am

Mark Thompson is a former BBC executive, and he will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust. Thompson will start in November. The paper has been without a chief since last December.

Entergy
4:24 pm
Tue August 14, 2012

Court won't make AR, MS utilities pay to exit pact

A federal appeals court has rejected an effort by Louisiana utility regulators to make Entergy Corp. subsidiaries in Arkansas and Mississippi pay for ending an agreement with their Entergy counterparts in Louisiana and Texas.

The ruling Tuesday by an appeals court in Washington deals with an agreement requiring the separate Entergy utilities to offer roughly equal electricity rates. At times, this has resulted in Entergy Arkansas making payments to Entergy affiliates with higher production costs — causing Arkansas customers to pay more.

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Work Sharing
11:05 am
Tue August 14, 2012

Louisiana gets $1.5M work-sharing labor grant

The U.S. Department of Labor has set aside nearly $100 million in grants for states to set up or improve existing short-term compensation programs, commonly referred to as "work sharing."

Louisiana's share of the grant is $1.5 million. Work sharing allows employees to keep their jobs and helps employers to avoid laying off their workforce during economic downturns by reducing the hours of work for a group of affected workers.

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