Business

The Two-Way
2:19 pm
Thu February 21, 2013

Surely Congress Would Know Better Than to Hurt Airlines. No?

Originally published on Thu February 21, 2013 3:31 pm

Those baggage fees, cramped seats and tiny pretzel bags to the contrary and notwithstanding, airline passengers enjoyed good times in 2012, according to an annual recap from Airlines for America, the industry trade group.

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Business
2:15 pm
Thu February 21, 2013

CNBC To Produce Public TV's Nightly Business Report

 CNBC has announced today its intention to purchase the rights to Nightly Business Report (NBR), a leading evening business news program, from national investment firm Atalaya Capital Management. CNBC will begin producing the series exclusively for public television from its Global Headquarters in Englewood Cliffs, NJ on Monday, March 4. 

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All Tech Considered
1:56 pm
Thu February 21, 2013

Watch Out: Apple Patent Hints At Something For Your Wrist

A drawing from Apple's patent application could give clues to the rumored iWatch device.
U.S. Patent and Trademark Office

The rumor mill has been churning out speculation about what's next from Apple.

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The Salt
1:10 pm
Thu February 21, 2013

One In Three Fish Sold At Restaurants And Grocery Stores Is Mislabeled

Escolar, right, is often substituted for more expensive Albacore tuna (left), a report on mislabeled seafood found.
Yoon S. Byun Boston Globe via Getty Images

Originally published on Mon February 25, 2013 10:24 am

There are so many fish in the sea. But from a diner's viewpoint, peering down at a sliver of white fish atop a bed of sushi rice, a lot of them look the same.

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The Salt
12:29 pm
Thu February 21, 2013

Former Peanut Firm Executives Indicted Over 2009 Salmonella Outbreak

A sign outside the Peanut Corp. of America's processing plant in Blakely, Ga.
Ric Feld AP

Originally published on Fri February 22, 2013 8:26 am

Four former executives from Peanut Corp. of America and a related company are facing federal criminal charges for covering up information that their peanut butter was contaminated with salmonella bacteria.

The charges are related to a nationwide outbreak of salmonella back in 2009. More than 700 people became ill, and federal investigators traced the source of the bacteria to peanut butter manufactured in Blakely, Ga., by the Peanut Corp. of America. The company is no longer in business.

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The Two-Way
11:06 am
Thu February 21, 2013

In Wal-Mart's Earnings Report, A Lesson On The Tax Code

A Walmart store in Paramount, Calif. in November of 2012.
Frederic J. Brown AFP/Getty Images

Originally published on Thu February 21, 2013 11:31 am

The New York Times points out something rather interesting about an otherwise mundane business story. Wal-Mart's fourth-quarter earnings report tells the tale of how changes in the tax code has both helped corporations and hurt them.

As the Times puts it, during the fourth quarter of last year, "the tax code gave and the tax code took away."

The paper explains:

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The Two-Way
8:44 am
Thu February 21, 2013

Existing Home Sales Rise Again; 'Seller's Market Is Developing,' Realtors Say

A "for sale" sign in San Francisco last summer.
Justin Sullivan Getty Images

Originally published on Thu February 21, 2013 8:46 am

Sales of existing homes rose 0.4 percent in January from December and were up 9.1 percent from January 2012, the National Association of Realtors reports.

The trade group also says "a seller's market is developing and home prices continue to rise."

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The Two-Way
6:48 am
Thu February 21, 2013

Inflation Was In Check Last Month; Jobless Claims Jumped Last Week

Gasoline prices at a station in Encinitas, Calif., earlier this week.
Mike Blake Reuters /Landov

Consumer prices were flat in January, the Bureau of Labor Statistics says. But a driving force behind that good news has reversed itself since then. According to BLS, gasoline prices fell 3 percent last month. In February, though, gas prices have risen sharply. So watch for next month's BLS report on consumer prices to tell a different story.

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The Two-Way
6:29 am
Thu February 21, 2013

Who's Been Hacked By China? Better Question Might Be: Who Hasn't?

Originally published on Thu February 21, 2013 6:51 am

This week's stories about alleged cyberthieves based in China have news outlets chasing related angles. Today's include:

-- "Chinese Cyberspies Have Hacked Most Washington Institutions, Experts Say."

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Business
3:52 am
Thu February 21, 2013

Google Invites Ideas For Its High Tech Eyewear

Originally published on Thu February 21, 2013 6:37 am

Google says it will select several thousand "Glass Explorers" to test drive its augmented technology eyewear. The company is running a contest to find "bold, creative" people with imaginative ideas about how they would use the technology.

Around the Nation
3:52 am
Thu February 21, 2013

Fla. Gov. Scott Reverses Medicaid Decision

Originally published on Thu February 21, 2013 4:49 am

Florida Governor Rick Scott announced late Wednesday that he will expand Medicaid to an estimated 900,000 residents. The move is a surprise because the governor has previously been a vocal critic of President Obama's health care overhaul.

Business
3:52 am
Thu February 21, 2013

Follow Report on H-1B Visa Story

Originally published on Thu February 21, 2013 4:28 am

Two days ago, Morning Edition aired a story about the H-1B program which grants temporary work visas to foreigners with special skills like computer programming. In the story, it was reported that employers have to show they tried to recruit Americans first. But as it turns out, many companies bypass American applicants.

Business
3:52 am
Thu February 21, 2013

New York Times Co. To Sell 'Boston Globe'

Originally published on Thu February 21, 2013 4:30 am

The company said it wanted to focus on The New York Times — its flagship newspaper. The Times bought the Globe for a record $1.1 billion in 1993.

Business
3:43 am
Thu February 21, 2013

The Last Word In Business

Originally published on Thu February 21, 2013 4:55 am

Sony has sold about 77 million PlayStation 3s since its launch in 2006, starting at $500 each. The new model is expected to be cheaper, and it should be available in time for the holidays. The company says the PlayStation 4 will focus on social networking features and cloud-based games.

All Tech Considered
3:13 am
Thu February 21, 2013

Amid Lawsuits, Aereo Brings Broadcast TV To The Internet

Aereo allows users to connect to a distant antenna — a tiny device that acts like an old set of rabbit ears — and watch broadcast TV channels on their computer, tablet or smartphone. Currently the service is available only in New York City, and it's embroiled in legal complications.
Source images from iStockphoto.com, composite by Camila Domonoske

Originally published on Thu February 21, 2013 3:52 am

An antenna or a provider: For nearly all Americans, those are the only two ways to access live network TV. Anyone within range of a transmitter can hook up rabbit ears to tune in to ABC, NBC, CBS, Fox, and other broadcasters, while cable or satellite subscribers get local channels through their subscription.

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It's All Politics
1:06 am
Thu February 21, 2013

Defense Cuts May No Longer Be Political Sacred Cow

Originally published on Thu February 21, 2013 7:17 am

Defense Secretary Leon Panetta has warned that the automatic spending cuts due to hit the Pentagon and other branches of government next week will damage U.S. national security.

In a letter to Congress, he said those cuts would put the military on a path toward a "hollow force." But the warnings don't appear to be moving the needle with lawmakers or the American public.

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Planet Money
1:05 am
Thu February 21, 2013

Three Ways To Totally Transform U.S. Immigration Policy

Immigrants wait for their citizenship interviews at the U.S. Citizenship and Immigration Services on Jan. 29.
John Moore Getty Images

Originally published on Thu February 21, 2013 8:42 am

With immigration policy in the news again, I asked three economists, "Dream big: If you could create any immigration policy for the U.S., what would it be?" Here's what they said.

1. The Best And The Brightest

Dean Baker of the Center for Economic and Policy Research would give out more visas to highly skilled workers: scientists, engineers, computer programmers and doctors.

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It's All Politics
1:02 am
Thu February 21, 2013

One Place You May Notice The Sequester: At The Airport

A passenger jet flies past the FAA control tower at Washington's Ronald Reagan National Airport in 2011.
Cliff Owen AP

Originally published on Thu February 21, 2013 3:52 am

Unless Congress acts, across-the-board spending cuts scheduled to take effect March 1 will be felt throughout the government. Some of the most visible effects will be noticed by air travelers.

Officials predict that cutbacks at the Federal Aviation Administration could lead to takeoff delays and fewer flights overall.

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The Salt
1:01 am
Thu February 21, 2013

Secret Menus Give Restaurants A Not-So-Secret Boost

Originally published on Thu February 21, 2013 6:06 am

When you're trying to decide where to eat, knowing what's on the menu is important. But for restaurants trying to bring customers through the door, what's not on the menu is just as important.

Secret menus aren't new. In-N-Out Burger has had one for years. But experts say more companies are now adding secret menu items, which are even catching on overseas in places like the United Kingdom and Singapore.

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The Two-Way
3:39 pm
Wed February 20, 2013

New York Times Co. Plans To Sell 'Boston Globe'

A Boston Globe newpaper sits inside a vendor box in 2009.
Darren McCollester Getty Images

The New York Times Co. will continue shedding assets, this time announcing it is looking to sell The Boston Globe.

The New York Times reports the company said it was looking to sell off the Globe and "other New England properties" to "focus energy and resources on its flagship newspaper."

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NPR Story
3:12 pm
Wed February 20, 2013

New York Times Plans To Sell 'Boston Globe'

Originally published on Wed February 20, 2013 4:11 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

The Grey Lady is shedding more of its assets. This afternoon, The New York Times Company announced that it intends to sell The Boston Globe and other properties it owns in New England.

For more on this, NPR's media correspondent David Folkenflik joins me from our bureau in New York. And, David, what can you tell us? Why this sale, and why now?

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Business
2:41 pm
Wed February 20, 2013

For The Publicly Traded, Going Private Can Be Risky Business

Dell's founder and another tech company have announced plans to take the computer giant private. While companies can benefit from withdrawing from the stock market, there are potential pitfalls as well.
Paul Sakuma AP

Originally published on Wed February 20, 2013 4:11 pm

It's been a busy month for corporate America.

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NPR Story
2:08 pm
Wed February 20, 2013

Office Depot Announces Plans To Merge With OfficeMax

Originally published on Wed February 20, 2013 4:11 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block, with this accounting of the rapid pace of deal making in corporate America. This month alone, U.S. Airways and American Airlines merged, Comcast bought up NBC Universal, Warren Buffett teamed up with a Brazilian firm to buy the Heinz Company, and Michael Dell helped take the public company that bears his name private.

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All Tech Considered
1:23 pm
Wed February 20, 2013

Google's Glass Project: Can You Make The Grade?

This view from Google Glass shows the wearable technology's perspective. Selected applicants will be chosen via social media and given the opportunity to try them.
Google

Originally published on Thu March 20, 2014 2:35 pm

Google's Glass has been in the works for some time, but now the company is inviting people to submit ideas for how the wearable technology could be used.

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The Two-Way
12:05 pm
Wed February 20, 2013

Cash-Strapped Postal Service To Launch A New Clothing Line

A mailman for the U.S. Postal Service delivers mail on November 15, 2012 in Miami, Florida.
Joe Raedle Getty Images

Originally published on Wed February 20, 2013 12:32 pm

The U.S. Postal Service is getting creative in its search for new revenue after last year's $15.9 billion budget shortfall. The agency says it will debut a new clothing and accessories line called Rain Heat & Snow, inspired by its unofficial motto: "Neither snow nor rain nor heat nor gloom of night stay these couriers from the swift completion of their appointed rounds."

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The Two-Way
9:04 am
Wed February 20, 2013

Japan: Probe Of Battery Fire On Boeing 787 Finds Improper Wiring

The first Boeing 787-881 Dreamliner delivered to All Nippon Airlines.
Keith Draycott FlickrVision

Originally published on Wed February 20, 2013 11:33 am

Two reports on troubles with lithium ion batteries aboard Boeing's 787 Dreamliner:

In Japan, where a battery on an All Nippon Airlines 787 overheated and began smoking on Jan. 16, forcing the plane to make an emergency landing, the Transport Ministry released a report Wednesday saying it found that the battery in question had been improperly wired.

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The Two-Way
8:59 am
Wed February 20, 2013

OfficeMax, Office Depot Confirm Merger Deal

Justin Sullivan Getty Images

The deal has been talked about for days. Now it's official:

"OfficeMax Incorporated and Office Depot, Inc. today announced the signing of a definitive merger agreement," reads a statement posted online by Office Depot.

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The Two-Way
6:53 am
Wed February 20, 2013

Single-Family Housing Starts Edged Up In January

Going up: A construction worker at a housing development in San Mateo, Calif., in June 2012.
Justin Sullivan Getty Images

Work was begun on 0.8 percent more single-family homes in January than had been started the month before, the Census Bureau and Department of Housing and Urban Development say.

And the number of single-family starts was up 20 percent from January 2012.

A 26.1 percent drop in starts, from December to January, on construction of apartment buildings and other multi-family homes dampened the news somewhat.

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Politics
4:31 am
Wed February 20, 2013

Automatic Spending Cut Would Cause 'Hardship' For People

Originally published on Wed February 20, 2013 2:39 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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Business
4:31 am
Wed February 20, 2013

The Last Word In Business

Originally published on Wed February 20, 2013 7:41 am

Transcript

STEVE INSKEEP, HOST:

In its quest to stem its losses, the U.S. Postal Service is venturing into new territory. We are you know, of course, it plans to end certain Saturday mail service to trim costs. But the USPS is also looking into a new revenue stream, which is today's last word in business: fashionable delivery.

RENEE MONTAGNE, HOST:

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