Business

The Two-Way
9:58 am
Tue September 11, 2012

GoDaddy Says Outage Was Not Caused By Hack

GoDaddy logo.
GoDaddy

The web hosting company GoDaddy says it has finished an investigation into yesterday's outages and the company has concluded that it was not caused by an external hack.

As we told you yesterday, many of GoDaddy's members complained that their websites were inaccesible for a while on Monday. The company hosts some 5 million websites and has registered more than 53 million domain names.

Read more
Business
3:25 am
Tue September 11, 2012

Millions Of New Jobs, But Many Don't Pay Well

Originally published on Tue September 11, 2012 7:57 am

Transcript

RENEE MONTAGNE, HOST:

The economy added only about 100,000 private sector jobs last month - far fewer than had been expected.

And as NPR's Wendy Kaufman reports, a close reading of the numbers reveals that many of those jobs are low wage.

WENDY KAUFMAN, BYLINE: Some of the nation's job growth has been in places like this - a suburban mall near Seattle. While many shoppers aren't spending like they did before the economic crash, they are buying more than they did a couple of years ago.

Read more
Business
3:18 am
Tue September 11, 2012

No-Go For Web Hosting Service Go Daddy

Originally published on Tue September 11, 2012 7:57 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with a no go for Go Daddy.

Business
3:18 am
Tue September 11, 2012

Coca-Cola Returns To Myanmar

Originally published on Tue September 11, 2012 7:57 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today is: soda diplomacy. The long isolated Southeast Asian nation of Myanmar, also known as Burma, is now undergoing dramatic political reform and opening up to the outside world. The U.S. recently lifted sanctions and sent an ambassador there. And what comes next? Coca-Cola.

Read more
Presidential Race
1:31 am
Tue September 11, 2012

Rhetoric Aside, Few Details Of Romney's Tax Plan

Republican presidential nominee Mitt Romney campaigns at PR Machine Works in Mansfield, Ohio, on Monday.
Charles Dharapak AP

Originally published on Tue September 11, 2012 1:59 pm

Republican presidential nominee Mitt Romney's proposal to overhaul the tax code continues to draw scrutiny.

Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.

When he was pressed by NBC's David Gregory this weekend to give an example of a loophole he would close, Romney didn't offer much detail.

Read more
Middle East
1:29 am
Tue September 11, 2012

Fears Of Currency Devaluation Mount In Egypt

Egypt's stock market has been volatile since Hosni Mubarak was ousted. Though analysts say there are reasons for cautious optimism, concerns about the country's currency remain.
Khalil Hamra AP

Originally published on Tue September 11, 2012 2:00 pm

Egyptians have been struggling economically since the revolution last year that ousted President Hosni Mubarak. The Egyptian pound has remained relatively stable, though, because the central bank shored it up through foreign reserves, which prevented food prices from skyrocketing.

But despite increasing political stability, concerns about the currency remain.

The market has been volatile since Mubarak was ousted, swinging up and down with Egypt's political unrest.

Read more
The Two-Way
2:04 pm
Mon September 10, 2012

GoDaddy Goes Down, Anonymous Member Takes Responsibility

GoDaddy logo.
GoDaddy

Originally published on Mon September 10, 2012 3:09 pm

The web hosting company GoDaddy has been experiencing severe outages today. Many of its members are complaining that their service is down.

How wide this outage spreads is hard to tell, but GoDaddy aknowledged it was having problems on its Twitter stream.

"We're aware of the trouble people are having with our site," it said. "We're working on it."

Read more
Economy
9:39 am
Mon September 10, 2012

Master Violin Maker Feels Economy's Sour Notes

Originally published on Mon September 10, 2012 12:17 pm

Transcript

MICHEL MARTIN, HOST:

Now it's time to open up the pages of the Washington Post magazine. That's something we do just about every week for interesting stories about the way we live now. And today a story about the business of music.

(SOUNDBITE OF VIOLIN)

Read more
The Two-Way
7:27 am
Mon September 10, 2012

Government To Sell Controlling Interest In Bailed-Out AIG

Originally published on Mon September 10, 2012 7:59 am

Remember the dark days of 2008 when insurer American International Group Inc., better known as AIG, nearly collapsed under the weight of the mortgage crisis before Washington rode to the rescue to the tune of $182 billion?

Then there was the public outrage when AIG executives got millions in bonuses after receiving the largest of all of the Wall Street bailouts.

Since then, the New York-based insurance giant has been essentially a government-owned enterprise, with Uncle Sam holding a controlling share.

Read more
Business
3:17 am
Mon September 10, 2012

U.S. To Sell $18 Billion In Shares Of AIG

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with the USG selling some AIG.

Read more
Business
3:17 am
Mon September 10, 2012

Hot Colors For Spring: Tender Shoots, Tidal Foam

Originally published on Mon September 10, 2012 4:31 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Tender Shoots.

That's one of the hot colors for Spring 2013, according to a statement from Pantone, the New Jersey color company that works with designers to decide the dominant hues for the fashion industry each season. And since it's fashion week in New York, we're paying attention to this.

Tender Shoots tops a list for women. Pantone describes it as vibrant yellow-green - invigorating, active and cheerful.

Read more
Election 2012
3:17 am
Mon September 10, 2012

Who's Responsible When A Business Succeeds?

Transcript

RENEE MONTAGNE, HOST:

A recurring debate in the American presidential contest is who is responsible when a business succeeds. Campaigning in Virginia this weekend, Mitt Romney repeated his assertion that it's individual entrepreneurs.

MITT ROMNEY: I've been impressed by the American spirit of people who are can-do and take-charge, want to start and build things. And by the way, they do build it themselves.

(SOUNDBITE OF CHEERING)

STEVE INSKEEP, HOST:

Read more
Author Interviews
1:28 am
Mon September 10, 2012

Why Knockoffs Are Good For The Fashion Industry

Originally published on Mon September 10, 2012 12:48 pm

During New York Fashion Week, designers will present looks that you might find in a department store next spring ... or, as knockoffs at Forever 21. That's because copying fashion designs is perfectly legal — and that's a good thing, if you ask Kal Raustiala.

Raustiala is the co-author of a new book called The Knockoff Economy: How Imitation Sparks Innovation. He talks with NPR's Renee Montagne about who copies fashion designs, why it's legal and how copying ultimately benefits the consumer and the industry.

Read more
Business
5:24 am
Sun September 9, 2012

After 73 Years At Macy's, Employee Retires

Originally published on Sun September 9, 2012 11:43 am

Transcript

LINDA WERTHEIMER, HOST:

Rose Syracuse has held one job - one job only - for her entire life. For 73 years, she worked mainly in the accounts department at the Macy's Department store on 34th Street in Manhattan. She's worked for Macy's longer than anyone else - ever. And last week, after all those decades, she retired. Rose Syracuse joins us on the line from New York. Thank you very much for taking the time to talk to us.

ROSE SYRACUSE: Oh, that's fine. And Rose Syracuse would not have retired if she hadn't broken her hip.

WERTHEIMER: Oh, dear.

Read more
All Tech Considered
4:12 am
Sun September 9, 2012

The Tech Buyer's Dilemma: Timing The Plunge

Amazon Kindle vice president Peter Larsen holds the Kindle Fire HD at the introduction of the new tablet in Santa Monica, Calif., on Thursday.
Reed Saxon AP

If you're one of those people who covet the latest, greatest thing (assuming you can afford it), life's been pretty tough for you lately. The announcements of new handheld electronic gadgets — and rumors of those to come (Apple fans are standing by) — have come so rapidly that it's been hard to keep up with them all.

Read more
Economy
3:01 pm
Fri September 7, 2012

New Unemployment Report Weaker Than Expected

Originally published on Fri September 7, 2012 4:18 pm

The jobs report released Friday morning came in weaker than expected. Employers added 96,000 jobs to payrolls. The unemployment rate did fall to 8.1 percent, but that was because so many people left the workforce.

It's All Politics
12:12 pm
Fri September 7, 2012

Deflating Jobs Report May Not Move The Needle On The Election

President Obama spoke at a campaign event at Strawbery Banke Museum in Portsmouth, N.H., on Friday.
Pablo Martinez Monsivais AP

Originally published on Fri September 7, 2012 12:52 pm

It wasn't what President Obama was hoping for: another disappointing jobs report the morning after he accepted the Democratic nomination and asked Americans to stay the course.

The U.S. economy added just 96,000 jobs last month, according to the Labor Department, and a drop in the unemployment rate to 8.1 percent was mostly due to people giving up on job searches.

Read more
Economy
9:58 am
Fri September 7, 2012

What August Job Numbers Mean

The Labor Department reported that the economy added 96,000 jobs in August, far fewer than analysts had predicted. The unemployment rate fell from 8.3 percent to 8.1 percent, an indication that more people moved out of the workforce. Host Michel Martin discusses the latest unemployment numbers with NPR Senior Business Editor Marilyn Geewax.

The Two-Way
5:51 am
Fri September 7, 2012

High Unemployment & Slow Job Growth: Likely News From Today's Report

At a job fair in San Diego this week, Navy Sailor E-5 Cedric Washington spoke to Sim Garriotti from Lockheed Martin while interviewing for a potential position.
Sandy Huffaker Getty Images

Originally published on Fri September 7, 2012 8:34 am

The number of jobs on private and public payrolls grew by just 96,000 in August from July, the Bureau of Labor Statistics said this morning.

Meanwhile, the nation's unemployment rate edged down to 8.1 percent from 8.3 percent the month before. Often, the jobless rate dips even when employment growth is weak because the size of the labor force shrank as many Americans gave up looking for work.

It's a report that will surely add to the presidential campaign rhetoric.

Read more
Business
2:39 am
Fri September 7, 2012

Business News

Originally published on Fri September 7, 2012 8:15 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with strike two.

Business
2:39 am
Fri September 7, 2012

Amazon Rolls Out Its New Kindle E-Readers

Originally published on Fri September 7, 2012 8:15 am

Transcript

STEVE INSKEEP, HOST:

A new line of tablet readers is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: They come from Amazon, which is rolling out its latest Kindle e-readers. They are faster, we're told, as well as cheaper. And as NPR's Steve Henn reports, they're aimed squarely at the youngest members of the family.

Read more
Business
2:39 am
Fri September 7, 2012

The Last Word In Business

Originally published on Fri September 7, 2012 8:15 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business comes from China, and the word is: Wahaha. That's the name of China's third-largest beverage company. It sells soda, juice and other bottled drinks.

RENEE MONTAGNE, HOST:

The name means laughing children. It turned out the man who runs it is the one with the most to laugh about.

INSKEEP: Zong Qing Hou is now the richest man in China, according to Bloomberg billionaire's index, which calculated his net worth to be $21.6 billion.

Read more
Planet Money
1:23 am
Fri September 7, 2012

This Man Makes Beautiful Suits, But He Can't Afford To Buy One

this slide show from The New York Times Magazine." href="/post/man-makes-beautiful-suits-he-cant-afford-buy-one" class="noexit lightbox">
See photos of Peter Frew and other tailors in this slide show from The New York Times Magazine.
Marvin Orellana The New York Times

Originally published on Fri September 7, 2012 8:15 am

Peter Frew is one of a tiny number of people left in the United States who can — entirely on his own, using almost no machinery — make a classic bespoke suit. He can measure you, draw a pattern, cut the fabric and then hand-stitch a suit designed to fit your body perfectly.

Frew spent more than a decade as an apprentice for a remarkable tailor in his native Jamaica. He now sells his suits for about $4,000. Since New York is filled with very rich people who see their suits as an essential uniform, Frew has all the orders he can handle.

Read more
The Salt
1:22 am
Fri September 7, 2012

Panera Sandwich Chain Explores 'Pay What You Want' Concept

This Panera Cares store in Chicago switched from for-profit to nonprofit this summer, and it started asking customers to pay whatever they want.
Niala Boodhoo for NPR

Originally published on Wed September 19, 2012 2:11 pm

The concept of "pay what you want" for goods and services is a nostalgic throwback to the days when people trusted one another just a little bit more, and it's something you expect to see at the occasional farm stand or at a hip, independent coffee shop.

Read more
The Two-Way
4:32 pm
Thu September 6, 2012

S&P 500 Spikes To New Four-Year High On News About Europe, U.S. Jobs

The Standard & Poor's 500-stock index rose to levels it hasn't hit in more than four years today, bolstered by the European Central Bank's plan to buy bonds of struggling countries to help support the euro. Strong U.S. jobs data also contributed to the gains.

Read more
Business
4:32 pm
Thu September 6, 2012

Stocks Get Bounce From Europe; Focus Turns To Jobs

Traders on the floor of the New York Stock Exchange on Aug. 9. Economic developments on both sides of the Atlantic could have a big impact on the U.S. presidential election.
Richard Drew AP

As the political conventions wrap up, talking points concerning the economy may seem locked into place: Growth is continuing, but at a slow pace.

Don't be fooled.

There's still plenty of time for big surprises, and Thursday provided a stunning example. Stock prices shot to highs not seen in years.

Read more
The Two-Way
3:39 pm
Thu September 6, 2012

Achtung Beer Drinkers: Munich's Brewers Need Bottles, Kegs For Oktoberfest

Ahead of Oktoberfest, Munich's brewers say they're running short of bottles and kegs for the festival's beer. Here, glass beer steins are seen at last year's Oktoberfest.
Johannes Simon Getty Images

Originally published on Thu September 6, 2012 10:29 pm

German beer drinkers are eagerly awaiting Sept. 22, when the first Oktoberfest beer barrel will be tapped in Munich and two weeks of revelry begin. But when that happens, they might want to drink up — because the city's brewers are worried they won't be able to supply enough beer for the massive party and its huge beer tents.

Read more
Business
2:49 pm
Thu September 6, 2012

EBay Bans Supernatural Goods And Services

Originally published on Thu September 6, 2012 5:09 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. Since eBay emerged back in 1995, countless small businesses have used the website to sell or auction off their wares. But now, there are new restrictions. As we hear from NPR's Mandalit del Barco, tarot card readers, spell casters and psychics will no longer be able to use eBay to peddle what are known as metaphysical services.

Read more
Election 2012
2:49 pm
Thu September 6, 2012

Colorado Brewery Head One Of Few CEOs At The DNC

Originally published on Thu September 6, 2012 5:09 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 at the Democratic National Convention.

All week the conversation here has been about jobs. But other than a primetime appearance by Costco's co-founder, big business supporters have been MIA. I did find a meeting of progressive business leaders, where I met a CEO named Kim Jordan.

Read more
Technology
2:49 pm
Thu September 6, 2012

Amazon's New Kindle Will Have Thin Profit Margin

Originally published on Fri September 7, 2012 1:29 pm

Transcript

ROBERT SIEGEL, HOST:

At a press event this morning in Los Angeles, Amazon unveiled its latest Kindle tablets and eReaders. As NPR's Steve Henn reports, it's unlikely Amazon will make much money selling these new devices, instead it hopes to profit when people use them to buy digital content.

Read more

Pages