KCLU :: NPR and Local News

88.3 Ventura County / 102.3 Santa Barbara


Bank Of America Reaches Record Settlement Over Mortgage Meltdown  |   

The nation's second-largest bank has agreed to pay nearly $17 billion to settle allegations that it misled investors into buying toxic mortgage-backed securities.

Why Restaurant And Hotel Workers May Soon Get A Raise  |   

Restaurants and hotels are posting new job openings faster than they can fill them. This is a promising sign for the economy.

Fed Officials Debate Timing Of Interest Rate Hike  |   

Minutes of the Federal Reserve's most recent meeting show that a number of officials believe the benchmark rate should rise sooner than is currently expected.

Financial Players Gather In Jackson Hole For Annual Conference  |   

David Greene talks to David Wessel of the Brookings Institution about the symposium. The Federal Reserve Bank of Kansas City hosts central bankers and economists to talk about economic policy.

China Investigates Lexus For Anti-Monopoly Violations  |   

Toyota says it will lower prices of auto parts for its Lexus models in China. This comes after Chinese regulators raised concerns over possible antitrust violations in the country's auto industry.