Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

Volkswagen is offering its diesel vehicle owners $1,000 in incentives, in what it calls "a first step" toward regaining their loyalty following the scandal over faked emissions tests.

The package is available to about 480,000 customers in the U.S. and Puerto Rico with 2-liter, four-cylinder diesel vehicles. They can apply to receive a $500 prepaid Visa card, a $500 dealership card and three years of free roadside assistance, the company said.

New York state Attorney General Eric Schneiderman says coal giant Peabody Energy made false and misleading statements to investors about the financial risks it faces because of climate change.

As part of an agreement with Schneiderman's office, the company has agreed to revise the disclosures it makes to investors about the risks in its quarterly report released today, and has promised to include the disclosures in future filings.

Thousands of Russian tourists were returning home from Egypt on Sunday, as suspicions mount that a bomb may have caused the crash of a St. Petersburg-bound charter jet over the Sinai on Oct. 31.

"Today is the busiest day in this sense," Russian Deputy Prime Minister Arkady Dvorkovich said Sunday.

Russia announced Friday it was suspending flights to Egypt until it determined the cause of the crash, which killed 224 people.

The debate over the Trans-Pacific Partnership, the free-trade pact between the United States and 11 other countries, is about to heat up.

Federal Reserve Chair Janet Yellen continues to leave the door open for an interest rate hike in December, though she says that once rates start to rise, it will be "very gradual."

Testifying before the House Financial Services Committee on Wednesday, Yellen said the economy is "performing well," with solid growth in domestic spending.

Video-game publisher Activision Blizzard Inc. is taking a big step into the mobile world, acquiring King Digital Entertainment, the maker of Candy Crush games, for $5.9 billion.

The deal will create the second biggest game company in the world, after Tencent, says the research firm Newzoo. It will have some 500 million active monthly users around the world.

U.S. Navy investigators have found the wreckage of the cargo ship El Faro, which sank off the Bahamas during Hurricane Joaquin with 33 people aboard, the National Transportation Safety Board has confirmed.

The U.S.-flagged ship was located after a week of searching by a crew from U.S. Naval Sea Systems Command, using sonar equipment. It appears to be in an upright position and in one piece at a depth of about 15,000 feet.

China unveiled its first passenger jet Monday, part of an effort to compete in the lucrative commercial aircraft business now dominated by Boeing and Airbus.

The single-aisle, twin-engine C919 was developed by the state-run Commercial Aircraft Corporation of China, or Comac. The jet was shown to a large crowd of government dignitaries in a hangar at an assembly plant outside Shanghai, near Pudong International Airport.

Valeant Pharmaceuticals International is ending its relationship with Philidor Rx Services, because of questions raised about whether it was using the specialty pharmacy to boost sales of Valeant drugs over cheaper versions.

As a result, Philidor will shut down as soon as possible, The Wall Street Journal reported.

The U.S. economy grew at a considerably slower pace during the third quarter as companies cut back on the size of their inventories, the Commerce Department said.

Growth came in at an annual rate of 1.5 percent — a sharp slowdown from the 3.9 percent gain recorded in the preceding quarter. The economy has grown at about 2 percent so far this year.