Business

Business
4:29 am
Thu January 31, 2013

Business News

Originally published on Thu January 31, 2013 5:08 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with advertisers liking Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: Facebook says its mobile advertising business nearly doubled from the third to fourth quarter of 2012. As a whole, the company's ad business grew at its fastest rate since it went public last May.

STEVE INSKEEP, HOST:

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Planet Money
3:16 am
Thu January 31, 2013

Should Gun Owners Have To Buy Liability Insurance?

George Frey Getty Images

Originally published on

Note: We originally published a version of this post a few weeks ago. We are republishing it now to coincide with our story airing today on Morning Edition.

All kinds of proposals to reduce gun violence have been floated recently. One idea that has gotten the attention of economists is liability insurance. Most states require car owners to have liability insurance to cover damages their vehicles cause to others; some economists think we should require the same of gun owners.

We reached out to a few economists to get their thoughts.

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Business
2:08 am
Thu January 31, 2013

Boeing Contract Offer Could Prompt Engineers Strike

A Boeing 787 under construction inside a production facility at a Boeing plant in Everett, Wash., last year.
Susan Walsh AP

Originally published on Fri February 1, 2013 12:18 pm

Boeing is scrambling to figure out why batteries malfunctioned on its 787, prompting officials to ground the airplane this month. And at a time when Boeing most needs its skilled engineers, they're weighing a possible strike. Union leaders are considering the company's final contract offer.

The standoff between Boeing and about 23,000 engineers and technicians — mostly in the Seattle region — has been brewing for months. Dozens of them recently packed a union hall south of Seattle for training in how to run a picket line.

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Business
4:18 pm
Wed January 30, 2013

Grounding Of 787s Creates Doubts About 'Business As Usual' At Boeing

Investigators are still looking into the cause of fires and overheating aboard Boeing's new 787s.
Shizuo Kambayashi AP

Originally published on Wed January 30, 2013 5:39 pm

Boeing generated more cash than expected last year and reclaimed the top spot over rival Airbus as the world's biggest airplane maker.

But all that was overshadowed by the fact that its entire fleet of 787s is grounded after batteries on two of its planes either overheated or caught fire.

"For 2013, our first order of business, obviously, is getting the 787 back into service," Boeing CEO James McNerney says.

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Business
3:49 pm
Wed January 30, 2013

After Struggling, Blackberry Unveils Two New Smartphones

Originally published on Wed January 30, 2013 4:18 pm

Melissa Block speaks with Steve Henn about the reinvention of Samsung and Blackberry.

The Two-Way
10:34 am
Wed January 30, 2013

BlackBerry Maker Unveils New Phones, New Corporate Name

A member of the RIM team poses with one of the new touchscreen Z10 Blackberry devices.
Leon Neal AFP/Getty Images

It's no secret that Research In Motion is in trouble. The tablet device it released in 2011 did so poorly the company took a $485 million hit. Android phones and Apple's iPhone have left the company in the technology graveyard.

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Economy
8:44 am
Wed January 30, 2013

In 4th Quarter, Economy Shrank For First Time Since '09

Transcript

STEVE INSKEEP, HOST:

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

Let's try again, shall we, to explain what it means when we hear that the U.S. economy shrank in the fourth quarter of 2012. As we've discussed elsewhere in the program, the decline was slight - just one-tenth of a percentage point - but it is the first contraction of the economy since the Great Recession officially ended in 2009. NPR's Jim Zarroli is with us once again in New York. Jim, good morning.

JIM ZARROLI, BYLINE: Good morning.

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The Two-Way
7:08 am
Wed January 30, 2013

192,000 Jobs Added To Payrolls This Month, Report Signals

Looking for work: In Birmingham, Ala., last summer, Jessica McQueen (left) and Ashley Abramson were among those filling out applications at a jobs fair.
Joe Songer Birmingham News /Landov

After bad news about late 2012 — that the U.S. economy shrank a bit in the fourth quarter — there's modestly good news about early 2013:

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The Two-Way
6:48 am
Wed January 30, 2013

Economy Shrank At 0.1 Percent Annual Rate In Fourth Quarter

Originally published on Wed January 30, 2013 7:11 am

The U.S. economy shrank at a 0.1 percent annual rate in the fourth quarter, the Bureau of Economic Analysis reports, its first quarterly contraction since the second quarter of 2009.

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The Two-Way
6:15 am
Wed January 30, 2013

Report: Your Salary Data May Be For Sale

Fill out an application for a loan, and your wage history may go places you didn't expect.
Joe Raedle Getty Images

Originally published on Wed January 30, 2013 4:42 pm

If you've earned a paycheck in recent years, you'll probably want want to know about this:

The Equifax credit reporting agency, NBC News reports, has collected 190 million employment and salary records on about one-third of U.S. adults and has sold some of the information "to debt collectors, financial service companies and other entities."

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Business
3:33 am
Wed January 30, 2013

RIM To Unveil BlackBerry Makeover

Originally published on Wed January 30, 2013 8:44 am

Transcript

RENEE MONTAGNE, HOST:

And there was a time only a few years ago when the BlackBerry was the undisputed champion of the smartphone market - a title now held by Apple's iPhone or the Samsung Galaxy. After years of falling sales and strategic blunders, the company that many have already written off, is unveiling a new device today. It's called the BlackBerry Z10.

And to talk about whether it can save the company, we called Rich Jaroslovsky. He's technology commentator for Bloomberg News.

Glad to have you on the show again.

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Business
3:33 am
Wed January 30, 2013

The Last Word In Business

Originally published on Wed January 30, 2013 8:44 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: trademarks inside of trademarks.

Apple is understandably wary of other businesses trying to steal its vibe. Fake Apple stores have popped up in China that seem so authentic that even the employees thought they were real.

RENEE MONTAGNE, HOST:

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Business
3:33 am
Wed January 30, 2013

Fourth-Quarter Reports: Boeing Profits Up, Amazon Down

Originally published on Wed January 30, 2013 8:44 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with steady profits from Boeing.

(SOUNDBITE OF MUSIC)

Business
3:33 am
Wed January 30, 2013

Profit-Sharing Checks Replace Autoworkers Raises

Originally published on Wed January 30, 2013 8:44 am

Transcript

STEVE INSKEEP, HOST:

The Ford Motor Company also announced its earnings yesterday, saying it had a pre-tax profit of $8 billion for 2012. And that gives union employees a reason to celebrate. They will each get a profit sharing check of $8,300 - a record high amount.

There's also some good news coming for General Motors workers, as Michigan Radio's Tracy Samilton reports.

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Television
3:27 am
Wed January 30, 2013

Competition, High Bills Hurt Cable Companies

Originally published on Wed January 30, 2013 8:44 am

Transcript

STEVE INSKEEP, HOST:

OK. In the next few days, cable companies announce how they did financially in 2012. Most industry watchers expect some negative trends to continue. More people are canceling their cable subscriptions. They are called cord cutters, because they are getting TV from the Internet and over the air, not their cable cords. But they're not the only problem the cable industry needs to worry about. NPR's Neda Ulaby reports.

NEDA ULABY, BYLINE: Meet Comcast's worst nightmare.

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Asia
1:02 am
Wed January 30, 2013

In China, The Government Isn't The Only Spy Game In Town

A man sells surveillance cameras at the main electronics market in Tienhe district, Guangzhou, in southern China's Guangdong province, on Aug. 8.
EPA /Landov

Originally published on Wed January 30, 2013 8:44 am

The final of two reports

It all started with a local Chinese official.

He couldn't figure out how his wife, who suspected him of having an affair, knew the contents of his private conversations.

"His wife knew things that he said in his car and office, including conversations over the telephone," recalls Qi Hong, a former journalist from Shandong province in eastern China, and a friend of the official.

So Qi asked a buddy who owned bug-detecting equipment to help.

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Economy
2:29 pm
Tue January 29, 2013

Latest Figures Suggest U.S. Housing Recovery Is Still On Track

Originally published on Mon February 4, 2013 12:29 pm

Transcript

MELISSA BLOCK, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Home prices were either up or down, depending on how you read the latest Case-Shiller survey, which was released this morning. Prices were down a bit in November from the previous month, but up sharply compared to the previous year. Taken together, most analysts say the housing recovery is still on track. And joining us now to discuss the housing market is NPR's Yuki Noguchi. Hi there, Yuki.

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U.S.
2:21 pm
Tue January 29, 2013

Debate Over Rebuilding Beaches Post-Sandy Creates Waves

Ongoing beach nourishment, like this project in Viriginia Beach, has been the topic of debate. Some people say it's needed to protect beach communities; others decry the costs.
Pam Spaugy U.S. Army

Originally published on Wed January 30, 2013 10:49 am

For a half-century, the U.S. Army Corps of Engineers has been in the beach business, dredging up new sand as shorelines wash away. Federal disaster aid for Superstorm Sandy could provide billions more for beach rebuilding, and that has revived an old debate: Is this an effective way to protect against storms, or a counterproductive waste of tax dollars?

On a recent blustery day at Virginia Beach, the latest beach nourishment project is in full swing. A bulldozer smooths out pyramids of sand, and on the horizon, a large, black hopper dredge appears with another load.

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Economy
12:19 pm
Tue January 29, 2013

Paul Krugman's Unconventional Outlook On The Economy

Originally published on Tue January 29, 2013 4:24 pm

Transcript

NEAL CONAN, HOST:

Over the past several years, Democrats and Republicans have disagreed on how address the problems of deficit and debt, but there's broad consensus that we need to reduce both by significant numbers, and soon. In his columns in New York Times and in a book called "End this Depression Now!" Nobel Prize-winning economist Paul Krugman defies the conventional wisdom. He argues for more spending, not less, says the deficit's not too bad, and that a little inflation might be a good thing.

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The Two-Way
11:45 am
Tue January 29, 2013

Judge Approves BP's Manslaughter Plea In 2010 Gulf Oil Spill

The Deepwater Horizon oil rig burned on April 21, 2010.
U.S. Coast Guard Getty Images

Originally published on Tue January 29, 2013 1:03 pm

A federal judge has approved a guilty plea by BP to manslaughter charges in connection with the 2010 Gulf oil spill.

The approved deal includes a record $4 billion in criminal penalties.

Eleven workers on the Deep Water Horizon rig died in the April 2010 explosion. BP pleaded guilty to manslaughter charges for those deaths and to lying to Congress about the amount of the oil spilling out into the Gulf of Mexico.

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Latin America
11:21 am
Tue January 29, 2013

For Your Next Caribbean Vacation, Haiti ... Maybe?

Mont Joli Hotel looks out over Cap-Haitian in northern Haiti. The owner says he's usually fully booked and plans to double the hotel's capacity. Haiti is trying to expand its tourism infrastructure and tap in to the multibillion-dollar Caribbean travel market.
David Gilkey NPR

Originally published on Mon February 4, 2013 12:29 pm

Haiti used to be a tourist hot spot in the Caribbean. Former U.S. President Bill Clinton regularly recounts how he and Hillary honeymooned in Haiti in 1975. There used to be a hopping Club Med just outside Port-au-Prince, but it closed in the '90s.

Now, the Haitian government is trying to revive some of its former allure, launching an aggressive campaign to market the poorest country in the hemisphere as a vacation hub.

President Michel Martelly says tourism could be a major driver of economic growth and could help lift Haitians out of poverty.

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Money Coach
10:17 am
Tue January 29, 2013

Retirement Accounts: Don't Rob Peter To Pay Paul!

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE, from NPR News. Coming up, we have the latest installment in our series Social Me. We'll talk about how educators could use their students' social media habits to figure out how they learn.

But first, to matters of personal finance: We want to talk about retirement. While earlier generations might have had a pension, now millions of Americans, if they have any savings, probably have some kind of retirement account like a 401K.

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The Salt
10:02 am
Tue January 29, 2013

Why Chicken Wings Dominate Super Bowl Snack Time

Blame sports bars for the chicken wing boom, especially on Super Bowl Sunday.
jeffreyw Flickr.com

Take a look at this remarkable graph — is it the stock market? Home sales?

Nope. Click on the blue box in the lower right-hand corner and you'll see that the blue line tracks the number of chicken wings that Americans bought at grocery stores over the last year. See that mighty surge of wing-buying in early February? Apparently, you just cannot have a Super Bowl party without chicken wings — millions and millions of chicken wings.

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The Two-Way
8:19 am
Tue January 29, 2013

Consumer Confidence Drops; All Of 2012's Gains Gone

Though there have been other signs to indicate that the economy is on the upswing, many Americans aren't feeling all that good about how things are going.

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The Two-Way
8:17 am
Tue January 29, 2013

Home Prices Continue To Rise; Housing Is Now Economic 'Bright Spot'

A sign of the times in Boca Raton, Fla. (November 2012 file photo.)
Joe Raedle Getty Images

There's more good news about the housing market this morning.

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Media
3:27 am
Tue January 29, 2013

Facebook Co-Founder Chris Hughes Redesigns 'New Republic'

North Carolina-born Chris Hughes attended Harvard University, where he shared a room with his Facebook co-founder, Mark Zuckerberg. He bought a majority stake in the venerable magazine The New Republic in 2012, and is the magazine's publisher and editor-in-chief.
Jason Gardner The New Republic

Originally published on Tue January 29, 2013 10:58 am

Chris Hughes, 29, is the co-founder of Facebook, a former adviser to the Obama campaign, and now the publisher of the 98-year-old magazine The New Republic.

He's facing the same challenges other print media owners do: how to marry in-depth news articles with screens that seem to be getting smaller and smaller. Hughes tells NPR's Steve Inskeep it's a task he's prepared to tackle.

Interview Highlights

On redesigning to fit the way we read

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Business
3:19 am
Tue January 29, 2013

Yahoo Earnings Beat Wall Street Expectations

Originally published on Tue January 29, 2013 6:36 am

While CEO Marissa Mayer is getting praise, it's unclear which part of Yahoo's business, if any, will turn the once-flagging company around. Yahoo is making more money from users clicking ads while searching but less money on display ads.

Business
3:16 am
Tue January 29, 2013

The Last Word In Business

Originally published on Tue January 29, 2013 6:36 am

The nickel — with Lady Liberty on the front and the Roman numeral V on the reverse — shows the date 1913. The problem is the liberty head was replaced by the buffalo head in 1912. Making this nickel a bootleg — one of five allegedly cast at the Philadelphia Mint by a crooked employee. One nickel is expected to sell for more than $2 million at an auction this spring.

Business
3:16 am
Tue January 29, 2013

Business News

Originally published on Tue January 29, 2013 6:36 am

When all Boeing 787 Dreamliners were grounded for electrical issues, it sent the stock of the company that makes the plane's batteries into a tailspin. Now that company, GS Yuasa, is seeing its stock bounce back. The Japanese Civil Aviation Bureau cleared the company of all responsibility for Boeing's electrical issues.

The Record
1:40 am
Tue January 29, 2013

Rising Postal Rates Squeeze Small Record Labels

Originally published on Tue January 29, 2013 8:51 am

Prices on mail sent through the U.S. Postal Service increased this week — the price of a first-class stamp now costs 46 cents, up a penny. But for small businesses that ship products overseas, like many independent record labels, the costs could be much larger.

Brian Lowit, who has worked at Washington, D.C.'s Dischord Records for 10 years, says that while a postage rate hike is a familiar bump in the road, "I've never seen one this drastic."

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