Bank of America will release quarterly earnings tomorrow and once again, foreclosures will be part of the equation. The Charlotte-based bank's role in the 2008 housing crash has landed it on a fair number of lists of most hated institutions in America.
But, as Julie Rose of member station WFAE in Charlotte discovered, some of those most involved in cleaning up the aftermath of the foreclosure crisis are beginning to soften toward the bank.
Originally published on Tue October 16, 2012 9:45 am
RENEE MONTAGNE, HOST:
And four major manufacturers say they will start offering financial support for the training of military veterans. The corporations are taking part in a program called Get Skills to Work Coalition. It has said its initial goal at training 15,000 vets.
NPR's Yuki Noguchi reports.
YUKI NOGUCHI, BYLINE: Unemployment among veterans has been falling, as it has for everyone else. The jobless rate among vets serving after 2001 now stands at 9.7 percent, but that's still about 2 percentage points higher than the general population.
In the baseball playoffs tonight, the Detroit Tigers have a chance to put the reeling New York Yankees on the brink of elimination. Meanwhile, the San Francisco Giants have slowed the St. Louis Cardinals who'd been playing with the kind of magic touch that carried them to last year's World Series title. Last night in San Francisco, the Giants beat St. Louis 7-1 to even their National League Championship Series at one game each. NPR's sports correspondent Tom Goldman joins us to talk more baseball.
NPR's business news starts with some shopping season indicators.
Black Friday, the height of the holiday shopping season, is a month and a half away but companies are already announcing significant seasonal hiring plans. The National Retail Federation says it expects strong holiday sales this year. Today, Amazon announced it is hiring 50,000 workers, thousands of whom it says, it will keep on after the holidays.