Business

U.S.
4:47 pm
Thu June 11, 2015

U.S. Export-Import Bank Targeted By Conservatives

A Boeing 737 at the company's factory in Renton, Wash. Foreign airlines that want to buy Boeing planes often do so with loans underwritten by the Export-Import Bank.
Saul Loeb AP

Originally published on Thu June 11, 2015 5:48 pm

Republicans are often seen as the party of business. So it's a little ironic that some of the most vocal opposition to the Export-Import Bank comes from conservative Republicans, such as Ohio Rep. Jim Jordan.

"If we're ever going to get rid of all the corporate connectedness, all the corporate welfare, you've got to start with the most egregious one and the most obvious one and that's the Export-Import Bank," he says.

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The Two-Way
3:16 pm
Thu June 11, 2015

Twitter CEO Stepping Down After Disappointing First Quarter

Twitter's Chief Executive Officer Dick Costolo gives a speech in 2012 in Cannes, France. The social media company says Costolo will step down as CEO effective July 1.
Lionel Cironneau AP

Originally published on Thu June 11, 2015 4:24 pm

Twitter CEO Dick Costolo will step down and the social media powerhouse's co-founder and Chairman of the Board Jack Dorsey will take over as interim head, the company says.

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Around the Nation
2:42 pm
Thu June 11, 2015

For Sale: Detroit Land Bank Seeks Buyers For Vacant Houses

The Detroit Land Bank is hoping to get $25,000 for this Tudor-style house in Detroit's East English Village.
Jason Margolis NPR

Originally published on Fri June 12, 2015 1:28 pm

Detroit has tens of thousands of abandoned homes. The city is experimenting with new ways to repopulate them — including auctioning them online for as little as $1,000. There are deals to be had, but the cost of repairs often exceeds the value of the homes.

The city's worst homes end up with the Detroit Land Bank Authority, a quasi-governmental agency. Craig Fahle, the agency's director of public affairs, shows me around a 1,300-square-foot Tudor-style home on Detroit's far east side.

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Media
2:34 pm
Thu June 11, 2015

Rupert Murdoch Plans To Step Down As CEO Of 21st Century Fox

Originally published on Thu June 11, 2015 4:50 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

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The Salt
1:49 pm
Thu June 11, 2015

Why Is This Fisherman Selling Threatened Bluefin Tuna For $2.99 A Pound?

Pacific bluefin tuna for sale for $2.99 per pound at the fish market in San Diego. That shockingly low price does not reflect the deeply threatened state of the bluefin population.
Clare Leschin-Hoar for NPR

Originally published on Mon June 15, 2015 2:07 pm

Twenty minutes before the San Diego Tuna Harbor Dockside Market was set to open, the line was 75 people deep and starting to curl past the pier. The crowd here last Saturday didn't come for the local sand dabs or trap-caught black cod. They were bargain hunters looking to score freshly caught, whole Pacific bluefin tuna for the unbelievably low price of only $2.99 a pound.

That's less per pound for this fish — a delicacy prized for its fatty flesh, whose numbers are rapidly dwindling — than the cost of sliced turkey meat at a supermarket deli.

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The Two-Way
1:38 pm
Thu June 11, 2015

Apple's New Music Streaming Service Under Antitrust Scrutiny

Apple announced its new music streaming service during the Worldwide Developers Conference earlier this month in San Francisco.
Justin Sullivan Getty Images

The same day that Apple did a splashy, star-studded introduction to its new Apple Music subscription streaming service, New York's attorney general posted a letter from attorneys for Universal Music Group indicating that prosecutors are looking at the streaming music business and that Apple is one of the companies being investigated.

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The Two-Way
1:37 pm
Thu June 11, 2015

EU Launches Antitrust Probe Of Amazon's E-Book Business

Kindle e-readers were piled high at an Amazon Fulfillment Center. The central focus of the nascent European probe will be Amazon's e-book agreements with publishers.
Kevork Djansezian Getty Images

Originally published on Thu June 11, 2015 3:08 pm

European regulators have launched a formal investigation into Amazon's practices in the e-book market.

In a statement released Thursday, the European Commission announced that its antitrust investigation will focus on Amazon's contracts with publishers — and whether the Internet retailer is abusing its dominant position as the largest e-book distributor in Europe.

The commission, the 28-member executive arm of the European Union, is especially concerned with a few key parts of those contracts.

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The Two-Way
11:33 am
Thu June 11, 2015

In Its First Crowdfunding Case, FTC Goes After Board Game Kickstarter

The logo for a board game promised on Kickstarter. The FTC claims Erik Chevalier, who ran the crowdfunding campaign, used the money he raised on personal things.
Kickstarter

Originally published on Thu June 11, 2015 12:04 pm

In the first crowdfunding case, the Federal Trade Commission has reached a settlement with Erik Chevalier, who started a Kickstarter campaign to create a board game called "The Doom That Came to Atlantic City."

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Shots - Health News
10:35 am
Thu June 11, 2015

How An Economist Helped Patients Find The Right Kidney Donors

An economist has ideas for making the market for organ donations more efficient.
iStockphoto

Originally published on Fri June 12, 2015 12:18 pm

If you're one of the more than 100,000 people in the United States waiting for a kidney transplant, you might not realize that an economist is trying to get that kidney to you faster. And he wants to make sure it's the best possible kidney for you, so you'll have many healthy years ahead.

The economist in question, Alvin Roth, won a Nobel Prize in 2012 for his work in matching markets. Those are markets where price isn't a key factor. You can't buy a good job or a spot in college. And you can't buy a kidney, because that's illegal.

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The Two-Way
10:24 am
Thu June 11, 2015

Rupert Murdoch Poised To Step Down As CEO Of 21st Century Fox

Rupert Murdoch (center) and his sons Lachlan (left) and James (right) are seen in a combination of file photos. Rupert Murdoch, the head of News Corp. and the Fox media empire, says he will hand over the reins of the company.
Jason Reed Reuters/Landov

Originally published on Thu June 11, 2015 1:41 pm

Rupert Murdoch, the 84-year-old Australian-born media baron, says he will step down as head of the global media empire 21st Century Fox, handing the reins to his son James.

A source has confirmed to NPR's David Folkenflik that James Murdoch would become head of the company. The elder Murdoch will become co-executive chairman with another son, Lachlan.

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Business
5:18 am
Thu June 11, 2015

Older Taco Bell Employees Try To Connect With Millennials

Originally published on Thu June 11, 2015 9:30 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RENEE MONTAGNE, HOST:

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Economy
3:02 am
Thu June 11, 2015

America's Next Economic Boom Could Be Lying Underground

Pump jacks and wells work in an oil field on the Monterey Shale formation in California. Economist Michael Porter says that hydraulic fracturing, or fracking, is a "game changer" for the U.S. economy.
David McNew Getty Images

Originally published on Thu June 11, 2015 12:42 pm

There's a serious problem in the American economy: Big corporations are doing well, but real household income for average Americans has been falling over the past decade — down 9 percent, according to census data.

"That's not good for America," says Harvard economist Michael Porter. "That's not good for America's standard of living. That's not good for our ultimate vitality as a nation."

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The Two-Way
2:08 pm
Wed June 10, 2015

EPA Takes First Step In Limiting Aircraft Emissions

The EPA has taken a step toward regulating greenhouse gases created by aviation.
Mike Groll AP

Originally published on Wed June 10, 2015 4:25 pm

The Environmental Protection Agency on Wednesday started what could be a lengthy process: making rules to limit the amount of climate-warming pollution that comes from aircraft engines.

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The Two-Way
8:05 am
Wed June 10, 2015

Amid Corruption Scandal, FIFA Delays Bidding On 2026 World Cup

FIFA Secretary-General Jérôme Valcke (right) and FIFA President Joseph "Sepp" Blatter attend a news conference in 2014.
Victor Caivano AP

Originally published on Wed June 10, 2015 10:43 am

Still reeling from a corruption scandal that has ensnared some of its top officials and led to the resignation of its president, FIFA said it was delaying the bidding process on the 2026 World Cup.

"Due to the situation, I think it's nonsense to start any bidding process for the time being," Jérôme Valcke, FIFA's secretary general, said during a news conference on Wednesday.

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Shots - Health News
6:37 am
Wed June 10, 2015

Consumers In 'Grandfathered' Health Plans Can Face Higher Costs

Health plans begun under the Affordable Care Act are required to cover FDA-approved contraceptive methods without cost to members. Older plans are exempt from that rule.
iStockphoto

Originally published on Wed June 10, 2015 8:06 am

Judy Naillon called her insurer several months ago to find out why she was being charged $35 every month for birth control pills. Her friends said they were getting their pills free under the federal health law.

Why wasn't she getting the same deal?

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Research News
3:12 am
Wed June 10, 2015

Retailers Use Time To Their Advantage; More Impulse Products Sold

Originally published on Wed June 10, 2015 6:01 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

NPR Story
3:03 am
Wed June 10, 2015

EPA, Farmers Divided Over Proposed Ethanol Standards

Originally published on Wed June 10, 2015 6:01 am

Copyright 2015 Nebraska Public Radio Network. To see more, visit http://netnebraska.org/basic-page/radio/radio.

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Europe
3:03 am
Wed June 10, 2015

Drop In Demand Leads To Layoffs In Russia's Auto Market

Originally published on Wed June 10, 2015 6:01 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RENEE MONTAGNE, HOST:

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The Salt
3:03 am
Wed June 10, 2015

For Bakers And Restaurants, Egg Supply Is Getting Ugly

Cartons of eggs are stacked on shelves at Laurenzo's Italian Center, May 21, 2015, in Miami.
Joe Raedle Getty Images

Originally published on Wed June 10, 2015 11:23 am

Tony Lordi sighs as he reaches into the pocket of his white uniform pants and pulls out his iPhone.

These days, Lordi, the production manager at Judy's Bakery in Kansas City, Mo., checks with his supplier every day. He needs to know the price of what's become liquid gold for commercial bakers: "liquid egg."

"The market's like gas prices at this point," he says.

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All Tech Considered
3:03 am
Wed June 10, 2015

Businesses Are Hanging Up On Voice Mail To Dial In Productivity

That little red "message" light may not be as ubiquitous in offices as it used to be.
Photo illustration: Ariel Zambelich/NPR

Originally published on Wed June 10, 2015 7:58 am

A few short years after voice mail was developed in the late 1970s, it quickly became an essential business tool.

But in the past few years, its use has been in decline. And some offices have opted to get rid of it altogether.

After JPMorgan Chase said last week it was canceling voice mail for most of its employees, I sent the bank's public relations department an email.

A bit later, there was that familiar red light on my desk phone:

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Around the Nation
4:22 pm
Tue June 9, 2015

New Jersey's Top Court Rules In Favor Of Gov. Christie On Pensions

Originally published on Tue June 9, 2015 4:57 pm

New Jersey's highest court ruled Tuesday that Gov. Chris Christie does not have to pay more money into the state's pension funds. The decision overturns a lower court's ruling that favored the unions who brought the lawsuit.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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All Tech Considered
4:07 pm
Tue June 9, 2015

How Apple Hopes To Take A Bite Out Of The News Business

Susan Prescott, Apple vice president of product management and marketing, demonstrates the News app during the Apple Worldwide Developers Conference in San Francisco on Monday.
Justin Sullivan Getty Images

Originally published on Tue June 9, 2015 5:01 pm

What if there were an app where a user could have all of the news he was interested in, from the outlets he trusted, all in one place?

That's the goal of Apple's new iOS 9 feature, called, simply, News. It will be a permanent fixture on the iPhone and iPad home screen, just like Calendar, Maps and Weather.

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The Salt
2:08 pm
Tue June 9, 2015

Monsanto, Angling For Global Pesticide Dominance, Woos Syngenta

Central Illinois corn and soybean farmer Tim Seifert loads his field planter with Syngenta insecticide while planting seed corn in 2011. Monsanto has made a bid to buy Syngenta for its pesticide business.
Seth Perlman AP

Originally published on Tue June 9, 2015 3:18 pm

Selling seeds and pesticides used to be a sleepy, slow-moving business. That was, until about 20 years ago, when the chemical company Monsanto introduced genetically modified crops and started buying up seed companies. Ever since, companies in this industry have been maneuvering like hungry fish in a pond, occasionally dining on pieces of each other, hoping to survive through size and speed.

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Parallels
1:36 pm
Tue June 9, 2015

Anxious About China, Asian Nations Buy More U.S. Military Hardware

U.S. Defense Secretary Ash Carter, right, and Vietnam's Defense Minister Phung Quang Thanh review the guard of honour during a welcoming ceremony at the Defense Ministry in Hanoi, Vietnam, on June 1. The U.S., Russia, France, the U.K. and other countries are all jockeying to sell military equipment to Southeast Asian countries.
Hoang Dinh Nam Reuters/Landov

Originally published on Tue June 9, 2015 4:57 pm

Southeast Asia is becoming a booming market for U.S. defense companies. Countries such as Vietnam, Malaysia and Thailand are spending billions to upgrade and expand their defense systems. At the heart of this shopping spree is anxiety over China.

But American defense companies have plenty of competition.

Southeast Asian countries have been steadily building up their defense systems over the past decade — some more than others. But the pace has picked up recently, says Anthony Nelson, with the U.S.-ASEAN Business Council.

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It's All Politics
10:34 am
Tue June 9, 2015

Here's How Inflation Has Eroded American Workers' Overtime Eligibility

Sheila Abramson serves customers of Langer's Delicatessen in Los Angeles in 2013.
Kevork Djansezian Getty Images

Originally published on Tue June 9, 2015 1:23 pm

President Obama is once again poised to go it alone on labor policy, this time on overtime. The Labor Department is expected in the coming weeks to release a rule making millions more Americans eligible for overtime work — currently, all workers earning below $455 a week, or $23,660 a year, are guaranteed time-and-a-half pay for working more than 40 hours a week. The law may raise that as high as $52,000, Politico reports.

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Shots - Health News
9:01 am
Tue June 9, 2015

Highest-Charging U.S. Hospitals Are For-Profit And Concentrated In Florida

Talk about sticker shock: Some U.S. hospitals charge patients more than 10 times the rates paid by Medicare.

Of the 50 U.S. hospitals with the highest charges, 49 are for-profit institutions, 20 operate in Florida, and half are owned by a single chain, according to a study published in the journal Health Affairs Monday.

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NPR Story
3:04 am
Tue June 9, 2015

Apple Jumps Into The Music Streaming Business

Originally published on Tue June 9, 2015 12:07 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

ARI SHAPIRO, HOST:

Now to some news about how you get your music. Apple has jumped into the streaming music business. It announced the new service, Apple Music, at its developers conference yesterday in San Francisco. And as NPR's Laura Sydell reports, DJs may be key to its success.

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Shots - Health News
1:47 am
Tue June 9, 2015

Some States Make Obamacare Backup Plans, As Supreme Court Decision Looms

Michael Carvin (right), lead attorney for the petitioners speaking before the Supreme Court in Washington, D.C., on March 4. The justices heard arguments in King v. Burwell.
Dana Verkouteren AP

Originally published on Thu June 11, 2015 12:18 pm

Online health insurance marketplaces are central parts of the Affordable Care Act. And HealthCare.gov, the federally run exchange, is where 27-year-old Kathryn Ryan, a restaurant server in Philadelphia, turned for health coverage, as soon as the law took effect.

"I was excited because if it weren't for Obamacare, I wouldn't be insured at all," she says. "I wouldn't have the ability to go to the doctor."

She can afford health insurance thanks to a $200 a month subsidy that brings her premium down to $60 a month.

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NPR Ed
1:42 am
Tue June 9, 2015

This Summer, The Cafeteria Comes To The Kids

LA Johnson/NPR

Originally published on Tue June 9, 2015 6:08 am

"Chow bus! Chow bus! Chow bus!" chants Gunner Fischer, 3, as a custom-painted school bus rounds the corner and rumbles toward his apartment complex in Murfreesboro, Tenn.

About 21 million students nationwide eat free and reduced-price meals throughout the school year, but getting those same kids fed during the summer is a challenge. Only a fraction of those make it to schools or community centers for summer meals.

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Around the Nation
1:40 am
Tue June 9, 2015

Texas Cattle Ranchers Whipsawed Between Drought And Deluge

Cattle stand in floodwaters at 44 Farms in Cameron, Texas. The water demolished fences and ruined crops planted as feed.
Katlin Mazzocco 44 Farms

Originally published on Tue June 9, 2015 6:08 am

The drought finally broke for Texas ranchers late last year. The range and pasturelands on which cattle graze began to recover. Then came the spring. In Cameron, about 140 miles northwest of Houston, the rain began falling at the start of May — and didn't stop all month.

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