Business

The Two-Way
2:58 pm
Tue April 23, 2013

Bill Gates' Handshake With South Korea's Park Sparks Debate

This handshake between South Korean President Park Geun-hye and Microsoft founder Bill Gates sparked debate over whether the American — who kept his left hand in his pocket — had been rude. Other photos clearly show Gates' hand in his pocket.0
Lee Jin-man AP

Microsoft founder Bill Gates met with South Korean President Park Geun-hye Monday, part of a visit to build business ties and boost nuclear energy plans. But it was the handshake they shared that created the biggest stir in Korean society, after Gates greeted Park with a smile — and his left hand jammed into his pants pocket.

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Planet Money
2:26 pm
Tue April 23, 2013

Has The Cupcake Bubble Finally Popped?

Back in 2010, our own Jacob Goldstein called the cupcake craze a "bubble of historic proportions." He called it too early.

The following year, Crumbs Bake Shop went public, and Jacob began to doubt himself.

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Business
2:16 pm
Tue April 23, 2013

Natural Gas Gives Maine Paper Plant A Competitive Edge

Originally published on Tue April 23, 2013 6:04 pm

Transcript

AUDIE CORNISH, HOST:

We've reported on how cheap natural gas is revolutionizing the energy industry. It's plentiful, thanks to the drilling technique known as fracking. Well, that's also changing American manufacturing. Factories are turning to natural gas to replace oil and even biomass sources like woodchips. And here's an example, a paper mill in East Millinocket, Maine.

Jay field of Maine Public Radio has the story.

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Business
2:16 pm
Tue April 23, 2013

Investors Pessimistic About Apple's Growth Potential

Originally published on Tue April 23, 2013 6:04 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. This afternoon, investors watched even more closely than usual as Apple released its quarterly earnings. The numbers beat Wall Street's gloomy expectations. But for the first time in a decade, Apple's profits fell from the same period a year earlier. NPR technology correspondent Steve Henn joins us from Silicon Valley to talk about today's results. Hey there, Steve.

STEVE HENN, BYLINE: Hi.

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The Two-Way
12:05 pm
Tue April 23, 2013

Pew: Wealthiest Experience Big Boost In Post-Recession Worth

Falling home prices from 2009-2011 contributed to the disparity.
Kevork Djansezian Getty Images

Originally published on Tue April 23, 2013 3:40 pm

Some 93 percent of Americans saw their mean net worth fall in the first two years of the post-recession recovery, while the remaining 7 percent increased net worth by nearly a third, according to a new Pew Research Center analysis of Census Bureau data.

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The Two-Way
12:02 pm
Tue April 23, 2013

AP Twitter Account Hacked, Tweet About Obama Shakes Market

Originally published on Wed April 24, 2013 7:56 am

A Twitter account from The Associated Press was hacked Tuesday afternoon and the erroneous message — to be perfectly clear, it WAS NOT TRUE — sent stocks down sharply for a few moments.

The false message claimed there had been two explosions at the White House and that President Obama had been injured. Again, none of that happened.

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The Two-Way
11:03 am
Tue April 23, 2013

Court Approves Anheuser-Busch InBev Deal To Buy Grupo Modelo

Originally published on Tue April 23, 2013 12:10 pm

A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico and other beers.

The deal, which requires AB InBev to sell all of Modelo's U.S. business, clears the way for the $20.1 billion acquisition of the remaining portion of Modelo that AB InBev did not yet own. Terms of the deal were announced Friday.

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The Two-Way
9:53 am
Tue April 23, 2013

Wall Street Anxious Over Apple First-Quarter Earnings

The just-launched Samsung Galaxy S4 smartphone is the latest competition for Apple's iPhone 5.
Greg Wood AFP/Getty Images

Originally published on Wed April 24, 2013 5:37 am

Update at 5 p.m. ET:

Reuters reports that Apple has posted better-than-expected second-quarter earnings of $43.6 billion, "reflecting strong sales of the iPad and iPhone." Wall Street had forecast revenue of $42.3 billion, the wire service says.

We pick up our original post here:

Investors are waiting, many not so eagerly, for a look at how Apple for the second quarter.

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The Two-Way
9:14 am
Tue April 23, 2013

Sales Of New Homes Rose Last Month

A new home under construction earlier this year in Petaluma, Calif.
Justin Sullivan Getty Images

While sales of existing homes dipped in March because of a tighter inventory, sales of newly built homes rose 1.5 percent from February and were up a whopping 18.5 percent from March 2012, the Census Bureau and Department of Housing and Urban Development say.

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Business
3:34 am
Tue April 23, 2013

Business News

Originally published on Tue April 23, 2013 5:07 am

The Senate voted Monday to advance a bill that would allow states to force online retailers to collect state and local sales taxes. Currently, states can only require brick and mortar stores to collect the sales tax. This greatly benefits online shoppers, who save by not paying the tax.

Explosions At Boston Marathon
3:34 am
Tue April 23, 2013

Media, Social Media Misidentify Bombing Suspects

Brown University student Sunil Tripathi, who has been missing since March, was wrongly identified in social media as a suspect in the Boston Marathon bombings. Reddit has apologized to Tripathi's family "for the pain they have had to endure."
Brown University AP

Originally published on Thu April 25, 2013 12:39 pm

Last week, the New York Post ran a front page photo of two teenage runners under the headline "Bag Men," implying that they had something to do with the Boston Marathon backpack bombs.

It turns out those kids had nothing to do with the attacks. But they came to the public's attention after their images were scooped up and pored over by hundreds of online amateur sleuths.

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Business
3:34 am
Tue April 23, 2013

The Last Word In Business

David Greene has the Last Word in business.

Around the Nation
3:34 am
Tue April 23, 2013

Mississippi River Communities Brace For Flooding

Originally published on Tue April 23, 2013 1:05 pm

Transcript

STEVE INSKEEP, HOST:

Now here's a change. Earlier this year, the worst drought conditions seen in the Midwest in decades threatened to close the Mississippi River to barge traffic. Now, communities along the river in Missouri and Illinois are bracing for flooding.

St. Louis Public Radio Maria Altman reports.

MARIA ALTMAN, BYLINE: The threat of flooding on the Mississippi River came on quickly after last week's storms dumped rain across the Midwest. The town of Clarksville, Missouri didn't even have time to erect its metal flood wall.

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The Salt
1:44 am
Tue April 23, 2013

Journey Of A Specialty Coffee Bean, From Cherry To Cup

Coffee beans are raked to dry in the sun in western Guatemala.
David Gilkey NPR

Originally published on Thu January 9, 2014 2:12 pm

When we wanted to know how the growth of the specialty coffee movement is influencing the lives of farmers, we took a trip to the mountainous region of Huehuetenango in Guatemala.

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All Tech Considered
3:40 pm
Mon April 22, 2013

Google Execs Talk Privacy, Security In 'The New Digital Age'

iStockphoto.com

Originally published on Tue April 23, 2013 10:35 am

Imagine a world with machines that wash, press and dress you on the way to work and vacations via hologram visits to exotic beaches. In his new book, The New Digital Age, Google Executive Chairman Eric Schmidt does just that — but it's no gee-whiz Jetsons fantasy.

Schmidt partners up with Jared Cohen, a foreign policy counterterrorist specialist poached from the State Department now working for Google Ideas. Together they forecast a raft of new innovations and corresponding threats that will arise for dictatorships, techno revolutionaries, terrorists and you.

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Business
3:28 pm
Mon April 22, 2013

Airport Delays Raise Questions About Controller Furloughs

Passengers check their flight status at Los Angeles International airport on Monday. The FAA said staffing cuts were causing delays in the Eastern U.S.
Damian Dovarganes AP

Some air travelers faced delays Monday as furloughs of air traffic controllers began taking effect.

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Planet Money
11:57 am
Mon April 22, 2013

Why Amazon Supports An Online Sales-Tax Bill

Paul Sakuma AP

Originally published on Mon April 22, 2013 1:10 pm

If you:

1. Live in a state that charges sales tax

and

2. Buy something from an online store that does not charge you sales tax,

then you are supposed to:

3. Calculate the sales tax yourself and add it onto your annual state tax bill.

Not surprisingly, as we reported last week, almost no one actually does this.

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The Two-Way
9:50 am
Mon April 22, 2013

Worst-Case Avoided: Few Airports Link Delays To FAA Furloughs

An American Airlines passenger is helped at the ticket counter at Miami International Airport last week. Many airline industry observers expect delays to strike Monday, the first full day of FAA furloughs.
Joe Raedle Getty Images

Originally published on Tue April 23, 2013 8:26 am

Many airline passengers saw only moderate flight delays stemming from the first full day of furloughs for nearly 15,000 flight controllers and other Federal Aviation Administration workers, as industry analysts' worst fears did not materialize. But the reduced staffing was blamed for some slowdowns, and observers say it also increased the length of unrelated delays.

We'll be keeping an eye on possible delays today, and updating this post with new information.

Update at 6:45 p.m. ET. Delays Build, Tied To Weather And Furloughs:

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The Two-Way
8:19 am
Mon April 22, 2013

Sales Of Existing Homes Slip As Inventories Tighten

A sale-pending sign is posted in front of a home last month in San Anselmo, Calif.
Justin Sullivan Getty Images

Originally published on Mon April 22, 2013 11:42 am

There was a 0.6 percent dip in sales of existing homes in March from February, the National Association of Realtors reports, because the supply of homes for sale has tightened as the number of would-be buyers rises.

Its data suggest that sales ran at a 4.92 million annual rate last month, falling from a "downwardly revised" pace of 4.95 million the month before.

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Business
5:42 am
Mon April 22, 2013

Boeing 787 Problems May Be Fixed Soon

Originally published on Mon April 22, 2013 8:18 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news begins with better batteries.

(SOUNDBITE OF MUSIC)

GREENE: Engineers are starting to repair some of Boeing's 787 Dreamliner planes today. They are installing new batteries - ones that hopefully don't overheat.

STEVE INSKEEP, HOST:

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Technology
5:07 am
Mon April 22, 2013

Video-Streaming Firms Attract Customers With Exclusive Shows

Originally published on Mon April 29, 2013 2:46 pm

Transcript

DAVID GREENE, HOST:

Now online streaming is playing a bigger and bigger role in news events. Many people listened and watched the Boston bombing coverage on their laptops. And on Friday as the manhunt came to a close, tens of thousands of people were listening to police dispatches live online. In the entertainment world, video streaming is also having a big impact.

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Business
4:00 am
Mon April 22, 2013

The Last Word In Business

Originally published on Mon April 22, 2013 8:18 am

Transcript

DAVID GREENE, HOST:

Now solar power has had its problems in recent decades. For years, solar panels were too expensive to compete. More recently, as we heard earlier in the business news, solar panels got so cheap that manufacturers ran into trouble. But solar energy had a signal achievement in March, and that is our last word in business today.

STEVE INSKEEP, HOST:

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Shots - Health News
1:28 am
Mon April 22, 2013

Scammers Find Fertile Ground In Health Law

Confusion over the details of the new health care law is leaving many people vulnerable to con artists. Evelyne Lois Such, 86, was recently the target of an attempted scam.
Matt Nager for NPR

Originally published on Mon April 22, 2013 8:18 am

One recent morning, Evelyne Lois Such was sitting at her kitchen table in Denver when the phone rang. Such, who's 86, didn't recognize the phone number or the deep voice on the other end of the line.

"He asked, 'Are you a senior?' and I said yes, and he said, 'Well, we are sending out all new Medicare cards, and I want to make sure I have all your statistics just correct,' " Such recalls.

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Shots - Health News
1:26 am
Mon April 22, 2013

Young Adults With Autism Can Thrive In High-Tech Jobs

Amelia Schabel, 23, works with art director Andrew LaBounty at the nonPareil Institute in Plano, Texas.
Courtesy of nonPareil

Originally published on Tue April 23, 2013 1:07 pm

The job hunt is complicated enough for most high school and college graduates — and even tougher for the growing number of young people on the autism spectrum. Despite the obstacles that people with autism face trying to find work, there's a natural landing place: the tech industry.

Amelia Schabel graduated from high school five years ago. She had good grades and enrolled in community college. But it was too stressful. After less than a month she was back at home, doing nothing.

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Business
1:24 am
Mon April 22, 2013

This Building Is Supergreen. Will It Be Copied?

This Seattle building, a project by the Bullitt Foundation, is said to be the world's greenest office building. It uses a weather station to conserve energy, creates lighting via photovoltaic cells on the roof and features composting toilets.
Courtesy of John Stamets

Originally published on Mon April 22, 2013 8:18 am

One of the world's greenest office buildings formally open its doors Monday — Earth Day. It's a project of the environmentally progressive Bullitt Foundation. Its ambition is bold: to showcase an entirely self-sustaining office building hoping that others will create similar projects.

The first thing that strikes you about the new Bullitt Center is the windows. Walking up to the building in Seattle's Capitol Hill neighborhood, six stories of floor-to-ceiling glass soars above you.

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The Salt
1:22 am
Mon April 22, 2013

How Coffee Brings The World Together

The best coffee comes from high altitudes with a warm climate like in Huehuetenango, Guatemala.
David Gilkey NPR

Originally published on Thu January 9, 2014 1:51 pm

Coffee is more than a drink. For many of us — OK, for me — it's woven into the fabric of every day.

It also connects us to far corners of the globe.

For instance, every Friday, a truck pulls up to the warehouse of Counter Culture Coffee, a small roaster and coffee distributor in Durham, N.C., and unloads a bunch of heavy burlap sacks.

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The Changing Lives Of Women
1:20 am
Mon April 22, 2013

Want More Gender Equality At Work? Go To An Emerging Market

Petrobras state-owned oil company CEO Maria das Gracas Silva Foster makes a speech during the Women's Forum Brazil 2012 in Sao Paulo, Brazil last year.
Yasuyoshi Chiba AFP/Getty Images

Originally published on Fri April 26, 2013 8:11 am

A White House report puts it bluntly: "Today, younger women are more likely to graduate from college than are men and are more likely to hold a graduate school degree."

For the past decade more American women than men have earned undergraduate and Master's degrees; and in the past three years, they've outpaced men at the doctoral level, too.

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The Changing Lives Of Women
10:47 am
Sun April 21, 2013

An Exploration Of The Changing Lives Of Women

Graphic designer Kaleena Porter sits with her dog, Moby, in the living room of her new home in Washington, D.C.
Marie McGrory NPR

Many revolutions begin with the sound of explosions and marching boots.

Now, another revolution is shaking up the world, and it's moving forward to the beep of alarm clocks and the clack of heels heading out.

Legions of women around the world are leaving their homes to join the paid labor force. Worldwide, 4 in 10 paid workers are female; in the coming decade, an estimated 1 billion more women will enter the formal workforce, pushing up economic growth.

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Business
3:59 pm
Fri April 19, 2013

Boeing's 787 Dreamliners To Fly Again After FAA Approval

Originally published on Fri April 19, 2013 8:51 pm

Transcript

MELISSA BLOCK, HOST:

And as we continue to cover the events in the Boston area, we want to also talk about one other story, Boeing 787. The jet known as the Dreamliner will be back in the air soon. This afternoon, the FAA approved Boeing's redesign of the plane's battery system. Fifty 787s have been grounded for the last three months following two serious battery failures, one which led to a fire.

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Business
3:59 pm
Fri April 19, 2013

Pilot Flying J Gas Stations Target Of Federal Investigation

This week the FBI and IRS raided the headquarters of one of the country's largest private employers: Pilot Flying J. The chain operates more than 600 gas stations and convenience stores in 44 states. It's owned by billionaire Jimmy Haslam. Haslam also owns the Cleveland Browns and his brother is Tennessee Gov. Bill Haslam, who owns shares in the company.

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