Yuki Noguchi

Yuki Noguchi is a correspondent on the Business Desk based out of NPR's headquarters in Washington D.C. Since joining NPR in 2008, she's covered business and economic news, and has a special interest in workplace issues — everything from abusive working environments, to the idiosyncratic cubicle culture. In recent years she has covered the housing market meltdown, unemployment during the Great Recession, and covered the aftermath of the tsunami in Japan in 2011. As in her personal life, however, her coverage interests are wide-ranging, and have included things like entomophagy and the St. Louis Cardinals.

Prior to joining NPR, Yuki started her career as a reporter for The Washington Post. She reported on stories mostly about business and technology, and later became an editor.

Yuki grew up with a younger brother speaking her parents' native Japanese at home. She has a degree in history from Yale.

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Business
2:02 am
Tue November 5, 2013

Johnson & Johnson Settles Marketing Charges

Originally published on Tue November 5, 2013 3:08 am

Johnson & Johnson became the latest drugmaker to reach a costly agreement with the federal government over charges of improper marketing. The widely anticipated settlement, unveiled Monday, covers Natrecor, a drug for congestive heart failure, and antipsychotics Risperdal and Invega.

Business
2:42 pm
Mon November 4, 2013

Johnson & Johnson To Pay $2.2 Billion Settlement

Originally published on Mon November 4, 2013 5:42 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish at NPR West in California.

MELISSA BLOCK, HOST:

I'm Melissa Block in Washington, D.C.

And we begin this hour with news of two huge corporations, each of them resolving criminal and civil allegations in two separate cases. One is the hedge fund SAC, pleading guilty to insider trading. The other, pharmaceutical giant Johnson & Johnson, paying $2.2 billion to settle criminal and civil investigations. And we'll start with that story.

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Economy
2:24 pm
Thu October 31, 2013

Economic, Political Volatility Cloud Housing Recovery

Despite a strong housing market this year, experts say the recent economic drama has contributed to less stability in real estate.
Steven Senne AP

Originally published on Thu October 31, 2013 6:30 pm

Housing has been one of the bright spots in the economy this year. This week, a report showed that home prices in the top 20 cities continued their robust upward march in August. There are also far fewer foreclosure sales and other signs of distress in the market.

But the Federal Reserve expressed concern Wednesday about the slowing housing market. Pending home sales fell far more than expected. And housing experts are bracing for some volatility.

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NPR Story
3:00 pm
Mon October 28, 2013

How Should Justice Distribute $4 Billion To Harmed Homeowners?

Originally published on Tue October 29, 2013 10:15 am

Transcript

AUDIE CORNISH, HOST:

The Justice Department is negotiating a multibillion-dollar settlement with JPMorgan over its handling of mortgage-related securities during the financial crisis. The deal could be announced this week, and it reportedly includes $4 billion set aside for homeowners who lost substantial value on their homes. NPR's Yuki Noguchi reports on lessons learned from the payout of similar settlements.

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Business
1:42 am
Mon October 28, 2013

Moving In With Manufacturers, Amazon Delivers A New Approach

Faster delivery is the new frontier of Internet competition.
iStockphoto.com

Originally published on Mon October 28, 2013 9:58 am

Amazon's business is built on three basic concepts: faster delivery, greater selection, and cheaper prices.

In service of that, it has built enormous warehouses staffed largely by robots that shuttle around, pulling goods out of bins at remarkable speed. It can take just a matter of minutes to go from order to shipment.

And lately it's pursuing a program where Amazon goes directly into manufacturers and manages their logistics and online retailing.

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Shots - Health News
1:03 am
Mon October 21, 2013

Enrollments For Health Care Exchanges Trickle In, Slowly

Originally published on Tue October 22, 2013 1:37 pm

The Obama administration's hopes ran high that millions would flock to enroll for health insurance on state and federal exchanges established under the Affordable Care Act.

Those exchanges went online Oct. 1. The administration projected that half a million individuals or families would enroll within 30 days, according to The Associated Press.

But three weeks in, the data suggest the actual number of enrollments is lagging far behind that number.

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Politics
2:44 am
Thu October 10, 2013

Shutdown Hits Usually Stable Business: Government Contractors

Originally published on Thu October 10, 2013 5:39 am

Transcript

STEVE INSKEEP, HOST:

More than 400,000 federal workers remain on furlough. That's the situation even after many Defense Department workers were called back to the office. And then there are federal contractors. These are private American business owners and workers who've taken over more and more government functions in recent years and who are now feeling the pain of a shutdown.

NPR's Yuki Noguchi reports.

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Business
1:58 am
Tue September 24, 2013

When It Comes To Businesses, How Big Is Small?

iStockphoto.com

Originally published on Wed October 16, 2013 2:41 pm

First in a series about small businesses in America.

Small businesses are celebrated and exalted as the hard-working, most deserving members of the political economy. They get tax breaks, and they're touted as the engines of job creation.

But a basic question: What is a small business? It turns out there is no one definition.

Classifications Of Small

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Business
3:13 pm
Mon August 19, 2013

Some Investors Choosing U.S. Over Emerging Markets

Originally published on Mon August 19, 2013 4:58 pm

Transcript

AUDIE CORNISH, HOST:

For a long time, investors aiming for city profits have maintained that the smart money was on emerging markets. Economic growth in Brazil, Russia, India and China, the BRIC countries as they're known, has outstripped opportunities in the U.S. But in recent months, there is evidence that trend is starting to change. NPR's Yuki Noguchi reports investors are turning back to markets in the U.S. and other developed economies.

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All Tech Considered
1:00 am
Thu August 1, 2013

Beyond .Com: Some See Confusion In Internet Domain Expansion

Suffixes like .org, .net and .com are the most common on the Internet today. But the Internet Corporation for Assigned Names and Numbers, which governs Web names, plans to add some 1,400 more, some ending in Arabic or Chinese characters.
iStockphoto.com

Originally published on Thu August 1, 2013 8:23 am

Starting this fall, the Internet Corporation for Assigned Names and Numbers, or ICANN, will begin rolling out 20 new suffixes, or top-level domains, every week. This will create new entrepreneurial opportunities, says ICANN CEO Fadi Chehade.

"Diversity to the domain name system is coming," he says.

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Economy
8:41 am
Wed July 31, 2013

GDP Report Is Better Than Economists Expected

Transcript

DAVID GREENE, HOST:

NPR's business news starts begins with some surprising economic growth.

(SOUNDBITE OF MUSIC)

GREENE: The U.S. Commerce Department says the economy grew at an unexpectedly swift pace during the second quarter of the year. The Gross Domestic Product, or GDP, grew at an annual rate of 1.7 percent. That compares to the first quarter, when it grew at 1.1 percent. As NPR's Yuki Noguchi reports, this might mean the economy has not been hit hard by the automatic government spending cuts known as sequestration.

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Business
3:03 pm
Tue July 16, 2013

D.C. Wage Rift Puts Spotlight On Wal-Mart's Urban Push

The scene in a Wal-Mart store in Alexandria, Va. Cities are a key growth area for retailers since suburbs are already saturated with big-box stores.
AP

Originally published on Tue July 16, 2013 6:00 pm

Wal-Mart's long-standing plans to come to Washington, D.C., are now up in the air. The City Council passed a living wage law that would require the world's largest retailer to pay $12.50 an hour, more than the city's current $8.25 minimum wage.

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Your Money
2:30 pm
Tue July 2, 2013

As Mortgage Rates Rise, Homebuyers Face New Dilemma

Mortgage interest rates have spiked recently, causing unease among potential homebuyers.
iStockphoto.com

Originally published on Tue July 2, 2013 6:12 pm

A recent spike in mortgage rates has created a new predicament for potential homebuyers: Forge ahead and try to lock in now? Or hold off?

Dhruv Gupta was quoted a 3.5 percent rate in May while searching for a place to buy in the San Francisco area. Less than two months later, he's looking at 5.2 percent for the same loan. But this trend has not deterred Gupta.

"It's a fact of life," he says. "I mean I can't control them, so what do you do?"

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Politics
3:46 am
Wed June 26, 2013

Senate Bill Would Do Away With Fannie Mae, Freddie Mac

Originally published on Wed June 26, 2013 9:13 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene. Good morning. In the midst of the housing crisis in 2008, the mortgage giants Fannie Mae and Freddie Mac were brought into government hands. And today, over 90 percent of mortgages are guaranteed by the U.S. government. That's a potential burden for taxpayers if mortgages fail. Yesterday, a bipartisan Senate bill was introduced to try to unwind the government takeover, as well as Fannie and Freddie. NPR's Yuki Noguchi reports.

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Business
3:14 pm
Fri June 14, 2013

Housing Market Watchers Edgy As Mortgage Rates Keep Climbing

Home values have been rising in recent months, but mortgage rates have taken a rapid turn upward as well. Some investors are worried that the housing recovery may stall if mortgage rates jump too quickly.
Gene J. Puskar AP

Originally published on Fri June 14, 2013 4:12 pm

Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.

The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.

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Law
12:56 am
Mon June 10, 2013

50 Years After The Equal Pay Act, Gender Wage Gap Endures

President Kennedy passes out pens on June 10, 1963, after signing the Equal Pay Act.
Harvey Georges AP

Originally published on Mon June 10, 2013 6:18 pm

On this day 50 years ago, President John F. Kennedy signed the Equal Pay Act in an effort to abolish wage discrimination based on gender. Half a century later, the Obama administration is pushing Congress to pass the Paycheck Fairness Act, designed to make wage differences more transparent.

Some dispute the frequently cited figure that women are paid 77 cents for every dollar a man earns. But even those who argue the gap is narrower agree it's most prominent when a woman enters her childbearing years.

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Business
2:33 pm
Thu May 30, 2013

Retired Gen. David Petraeus Heads To Wall Street

Retired Gen. David Petraeus, former CIA chief, speaks at the University of Southern California in Los Angeles on March 26. Petraeus announced Thursday that he was joining the private equity firm KKR.
Reed Saxon AP

Originally published on Thu May 30, 2013 4:32 pm

Retired Gen. David Petraeus is headed to Wall Street where he will join Kohlberg Kravis Roberts, a firm that invests globally in everything from real estate to coffee to biotech.

Over nearly four decades in the military, Petraeus traveled the world on diplomatic and intelligence missions. Even then, he says in a video posted Thursday on KKR's website, he occasionally viewed these trips through an investor's lens.

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Business
2:22 am
Tue May 21, 2013

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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Business
2:29 pm
Thu May 16, 2013

A 'Wake-Up Call' To Protect Vulnerable Workers From Abuse

For decades, Hill County Farms, also known as Henry's Turkey Service, housed a group of mentally disabled men in squalor in this former schoolhouse in Atalissa, Iowa. The EEOC won a judgment against the company for exploiting the men.
John Schultz/Quad-City Times ZUMAPRESS.com

Originally published on Fri May 17, 2013 11:35 am

Four years ago, 21 men with intellectual disabilities were emancipated from a bright blue, century-old schoolhouse in Atalissa, Iowa. They ranged in age from their 40s to their 60s, and for most of their adult lives they had worked for next to nothing and lived in dangerously unsanitary conditions.

Earlier this month, the Equal Employment Opportunity Commission won a massive judgment against the turkey-processing company at which the men worked. The civil suit involved severe physical and emotional abuse of men with intellectual disabilities.

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Business
12:51 am
Thu May 9, 2013

Furloughs Only The Latest Blow To Federal Worker Morale

Federal employees demonstrate against the U.S. budget sequester, outside New York's Federal Plaza on Tuesday.
John Moore Getty Images

Originally published on Thu May 9, 2013 3:51 am

Federal workers say they don't have much to celebrate these days.

Furloughs began in April, exacerbating already low morale for many government agencies as budgets have tightened. Downsizing has meant more work for those who remain, and talk of further cuts has many worried about job security. This year is also the third that federal workers haven't received a pay increase, contributing to discontent.

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All Tech Considered
1:07 am
Tue April 30, 2013

When It Comes To Productivity, Technology Can Hurt And Help

With instant messages buzzing, emails pinging and texts ringing, how can employers increase productivity in the workplace? Software companies are tackling the problem, tracking employees' computer time to find ways to improve their efficiency.
iStockphoto.com

Originally published on Mon May 6, 2013 1:27 pm

Even when people think they're buckling down, studies show the average office worker wastes over a third of the day. There's Facebook, of course, and the email from a friend with a YouTube link. After all that, is it time to go get coffee?

Worker pay is the most expensive line item in the budget for most businesses, which means billions of dollars are going to waste.

But here's the silver lining: It turns out lack of productivity presents a big business opportunity.

Joe Hruska is pretty blunt about how much work anyone does in a typical day.

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Business
4:22 pm
Mon April 29, 2013

As Health Law Changes Loom, A Shift To Part-Time Workers

Originally published on Tue April 30, 2013 1:21 pm

Nearly all of the remaining provisions of the new health care law go into effect next January, including one that requires businesses with 50 or more full-time employees to pay for their health care or pay a penalty.

Some businesses may already be making personnel changes to save money when that provision of the Affordable Care Act kicks in. One option on the table: shifting full-time workers to part time.

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Business
1:32 am
Thu April 25, 2013

Shifting Retail Landscape Tilts Support For Online Sales Tax

Sen. Lamar Alexander, R-Tenn. (left), leads a news conference about the Marketplace Fairness Act on Tuesday. The legislation would provide states with the authority to require out-of-state retailers to collect and remit taxes on purchases shipped into the states.
Chip Somodevilla Getty Images

Originally published on Fri April 26, 2013 12:46 am

The U.S. Senate may vote this week on the Marketplace Fairness Act, a bill that would allow states to collect sales tax from more online retailers. And as the political and retail landscape has shifted from the last time around, the Senate is expected to approve the measure.

The proposal to require online sellers to collect out-of-state sales tax has been kicked around for many years. For a decade, Amazon was a fierce opponent.

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Business
3:56 pm
Tue April 9, 2013

After Missteps, Does J.C. Penney Stand Another Chance?

After an unsuccessful face-lift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. Some analysts say this might be it for the retailer; others say it must "embrace" its customers to recuperate.
Mary Altaffer AP

Originally published on Tue April 9, 2013 5:34 pm

A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.

J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.

Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.

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Business
4:26 am
Wed April 3, 2013

Fannie Mae Posts Record Profit

Originally published on Wed April 3, 2013 7:44 am

For all of last year, Fannie Mae posted net income of $17.2 billion. Just a year earlier, it had lost nearly the same amount. The company that finances home mortgages is still under government conservatorship.

Economy
2:46 pm
Fri March 29, 2013

As Housing Industry Builds Up, Other Sectors Follow

Home Depot is hiring 80,000 employees for its spring season. As the housing market picks up, other industry sectors — like gardening, construction and furniture — move upward, too.
Jewel Samad AFP/Getty Images

Originally published on Fri March 29, 2013 9:31 pm

When fortunes rise in the housing industry — as they currently are — it tends to lift sales for other businesses, too. Home construction, sales and prices are all improving. And according to many analysts, the market is gaining steam.

For nearly two decades, Scott Gillis has owned his own moving company, Great Scott Moving in Hyattsville, Md. Moving high season is just around the corner, which means Gillis is hiring.

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Economy
1:07 am
Wed March 20, 2013

For Some Ready To Buy, A Good Home Is Hard To Find

Bove gets text alerts of new homes coming on the market.
Lauren Rock for NPR

Originally published on Wed March 27, 2013 7:30 am

The first day of spring typically signals the high season for open houses and home sales.

The season seems to have arrived early in some places where homebuying is already frenzied, and in many markets, the pendulum has swung from an excess of homes on the market a few years ago to a shortage.

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Business
1:21 am
Mon March 18, 2013

U.S. Probes Abuse Allegations Under Worker Visa Program

Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.
Jess Jiang NPR

Originally published on Mon March 18, 2013 10:38 am

A group of foreign college students who came to the U.S. on cultural work exchange visas in December have been protesting their working conditions at a McDonald's in Harrisburg, Pa. In the process, they've wading into a debate about guest workers in the U.S.

The students include Jorge Rios, who says three months ago he eagerly did the legwork necessary to get a J-1 visa, used for student work exchange.

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Business
2:42 am
Thu February 28, 2013

Experts Boil Telecommuting Decisions Down To Flexibility Vs. Serendipity

iStockphoto.com

Originally published on Thu February 28, 2013 10:04 am

Yahoo touched off a debate about the effectiveness of telecommuting when it told employees last week that they may no longer work from home. The policy change was made, according to the company's internal email, to enhance workplace collaboration.

Yahoo CEO Marissa Mayer, who happens to be a new mother, drew fierce criticism from those who say she should embrace, rather than reject, flexible work arrangements.

What exactly is lost and what's gained when people work from home?

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Business
1:21 am
Tue February 26, 2013

Technology Upends Another Industry: Homebuilding

The recession forced Mid-Atlantic Builders Executive Vice President Stephen Paul to cut the company's staffing. But he says the firm is being efficient with half the original number of employees.
Marie McGrory NPR

Originally published on Tue February 26, 2013 7:44 am

Years into the economic recovery, hiring remains slow. Many businesses learned to do more with less during the recession, so they don't need to bring on as many people now.

These new efficiencies have led to what economists call "labor displacement," which is taking place around the country. One business in Rockville, Md., is doing the same amount of work with half its original staff.

Two things are noticeably absent from the offices of Mid-Atlantic Builders: people and paper.

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