Business

Business
4:55 am
Tue December 4, 2012

Feds Sue Chinese Audit Firms

Transcript

DAVID GREENE, HOST:

NPR's business news starts with questions for Chinese regulators.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

The United States has accused five Chinese auditing firms of violating U.S. securities laws. A lawsuit says the auditors are refusing to turn over documents tied to companies that the U.S. wants to investigate.

NPR's Jim Zarroli has the story.

Read more
Economy
4:55 am
Tue December 4, 2012

White House Rejects GOP's Counteroffer

Transcript

RENEE MONTAGNE, HOST:

Let's talk about that new offer now. The proposal from House Republicans includes a combination of revenue raising and spending cuts. What it doesn't include is any rise in tax rates.

To help us dig into this offer and what it means for the state of negotiations, we're joined by NPR congressional reporter Tamara Keith.

Good morning.

TAMARA KEITH, BYLINE: Good morning, Renee.

MONTAGNE: House Republicans are billing this as a bold counter-offer. Why are they calling it bold?

Read more
Business
4:55 am
Tue December 4, 2012

Fleetwood Mac To Tour Next Year

Originally published on Tue December 4, 2012 11:15 am

Transcript

DAVID GREENE, HOST:

And our last word in business today, some rumors confirmed. After a three-year break, Fleetwood Mac will be touring again next year. The band has announced a 34-city tour which will kick off in Columbus, Ohio in the spring.

RENEE MONTAGNE, HOST:

This year marks the 35th anniversary of the release of "Rumors," hits including, "Dreams" and "Go Your Own Way" were on that album.

GREENE: And, I guess when you're Fleetwood Mac, you don't need a new album to prompt a tour. The band's last studio release came out back in 2003.

Read more
Business
4:55 am
Tue December 4, 2012

Pandora To Issue Earnings Report

Originally published on Tue December 4, 2012 11:14 am

Internet radio service Pandora is being closely watched by investors. The company is set to announce its latest quarterly earnings Tuesday. Last week, the head of Pandora was in Washington to push for lower music royalties.

Media
4:55 am
Tue December 4, 2012

Murdoch's News Corp. Announces Changes

Originally published on Tue December 4, 2012 6:23 am

Transcript

DAVID GREENE, HOST:

News Corp chairman and CEO Rupert Murdoch, yesterday, revealed the details of his plan to split his media and entertainment conglomerate. One side will include the newspapers and publishing house. The other will contain its profitable television properties and movie studios. As NPR's David Folkenflik reports, Murdoch is trying to appease shareholders, and at the same time, save the newspapers that propelled his initial fortune.

Read more
Your Money
2:07 am
Tue December 4, 2012

What's Next For The Daily Deal Business Model?

Despite their recent woes, "daily deal" companies Groupon and Living Social can be profitable, says analyst Arvind Bhatia.
NPR

Originally published on Tue December 4, 2012 6:22 am

Are the days of "daily deal" coupons about to expire? Shares of email coupon company Groupon are down nearly 80 percent since going public last year. And its smaller rival, Living Social, plans to lay off as many as 400 employees, after reporting a net loss of more than $560 million in the third quarter.

Those struggles have raised questions about the future of the daily deal strategy, and whether a company like Groupon can stay in business.

Read more
Shots - Health News
1:50 am
Tue December 4, 2012

The (Huge And Rarely Discussed) Health Insurance Tax Break

The largest tax break in the federal code doesn't appear on the forms the average person fills out each year.
iStockphoto.com

Originally published on Wed December 5, 2012 7:56 am

What's the largest tax break in the federal tax code?

If you said the mortgage interest deduction, you'd be wrong. The break for charitable giving? Nope. How about capital gains, or state and local taxes? No, and no.

Believe it or not, dollar for dollar, the most tax revenue the federal government forgoes every year is from not taxing the value of health insurance that employers provide their workers.

Read more
The Salt
3:15 pm
Mon December 3, 2012

Can Big Food Kick Its Obesity Habit? Does It Really Want To?

A sign protesting a beverage tax in Richmond, Calif. The U.S. soft drink industry has fought proposals that would put a tax on sugar sweetened beverages like sodas and energy drinks.
Braden Reddall Reuters /Landov

Originally published on Tue December 4, 2012 11:11 am

A few days ago, two big names in food policy squared off for a formal debate on the following proposition: There is a fundamental and irreconcilable conflict between the food and beverage industry's interests and public health policy interests on obesity.

Read more
Media
2:27 pm
Mon December 3, 2012

Murdoch Splits Media Empire Into Two Companies

Originally published on Mon December 3, 2012 4:08 pm

News Corp announced on Monday that it's making some changes to its management and structure. The company has decided to end The Daily, its tablet-exclusive newspaper. They have also named the management team for its split off newspaper division. David Folkenflik talks to Audie Cornish.

Business
2:25 pm
Mon December 3, 2012

Ford To Try Bringing Luxury Back To Lincoln

Originally published on Mon December 3, 2012 4:08 pm

Ford Motor Company is changing the name of it Lincoln brand to the Lincoln Motor Company. Ford is also planning to sell the hybrid version of their flagship sedan, the new MKZ, for the same price as the gasoline version.

The Two-Way
7:20 am
Mon December 3, 2012

Murdoch's News Corp. Shuts Down 'The Daily'

News Corp. CEO Rupert Murdoch in February 2011, when The Daily was launched. Now, it's in shutdown mode.
Spencer Platt Getty Images

Originally published on Mon December 3, 2012 8:01 am

Saying that "we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term," News Corp. CEO Rupert Murdoch said this morning that The Daily will "cease standalone publication" on Dec. 15.

Read more
Business
2:57 am
Mon December 3, 2012

The Last Word In Business

Originally published on Mon December 3, 2012 5:11 am

Transcript

DAVID GREENE, HOST:

Well, the subject of our last word in business today may not change the world, but it is kind of snazzy. It is called the Air Umbrella. Now, picture an umbrella handle and nothing else, sort of like a wand.

RENEE MONTAGNE, HOST:

Yeah. We are entering a magic world, here. That wand apparently keeps you dry by releasing a shield of air. The tech website Mashable says it's still a design concept, but in theory, you could adjust the power and size of your invisible air shield depending on how heavily it's raining.

Read more
Business
2:57 am
Mon December 3, 2012

Business News

Originally published on Mon December 3, 2012 5:04 am

Transcript

DAVID GREENE, HOST:

NPR business news starts with a deal up in the air.

Around the Nation
2:57 am
Mon December 3, 2012

Dallas Residents Weigh In On Fiscal Cliff Talks

Originally published on Mon December 3, 2012 11:30 am

The battle over the looming spending cuts and tax increases known as the "fiscal cliff" begins this week where it ended last week — deadlocked. While there is no agreement on how lawmakers should work out the details of a compromise, there is widespread consensus that a deal must get done for the good of the country.

It's All Politics
1:26 am
Mon December 3, 2012

Pick A Number: Let's Play 'Cap Those Deductions'

In the presidential debate on Oct. 16, Mitt Romney presented a hypothetical way to cap deductions and raise revenue.
Spencer Platt Getty Images

Originally published on Mon December 3, 2012 6:35 am

Treasury Secretary Timothy Geithner says it's up to congressional Republicans to take the next step in budget talks to avoid the pending automatic spending cuts and tax increases at the end of the year.

Appearing on the Sunday talk shows, Geithner said there's "no path to an agreement" until Republicans are willing to accept higher tax rates on the rich.

Read more
All Tech Considered
1:24 am
Mon December 3, 2012

In Eye Control, A Promise To Let Your Tablet Go Hands-Free

In an image from an Eye Tribe video, a man uses his eyes to play the Fruit Ninja game, slicing fruit in half as it appears on the screen.
The Eye Tribe

Originally published on Mon December 3, 2012 2:57 am

Forget touch screens and voice recognition — what if you could control your computer just by looking at it? Gaze-based interaction has been around for 20 years, used mainly by people with disabilities. But the technology could be available to the masses soon, allowing users to move a cursor with their eyes, or turn the pages of an e-book without lifting a finger.

Read more
All Tech Considered
1:22 am
Mon December 3, 2012

The Next Workplace? Behind The Wheel

The 2013 Bentley Mulsanne features drop-down iPad workstations. More cars are being outfitted to operate as mobile offices.
Bentley Motors

Originally published on Mon December 3, 2012 2:57 am

Brad Hines is a building contractor in Los Angeles who spends a good eight hours a day in his 2008 Dodge Ram. He talked to us from his truck — hands-free, of course.

"I do everything in my truck. I drive from job site to job site. I take calls. I try to get on the computer and clean up daily reports. I answer emails on my phone. I use my truck as a mobile office," Hines says.

The idea of the mobile office is far from new — Willy Loman; the Avon Lady; plumbers; electricians. Now, technology is taking the idea of working from the road to a whole new level.

Read more
Business
1:41 pm
Sat December 1, 2012

Beauty Pageant Economics: The Sash Isn't Cheap

Jessica Bermudez, 24, models a dress at Deja Vu in Alexandria, Va. Bermudez is competing for the title of Miss District of Columbia USA, and says she regularly enters beauty pageants.
Coburn Dukehart NPR

Originally published on Mon December 3, 2012 8:03 am

Miss America's walk might look effortless, but her road to success probably cost more than you think.

Ten-thousand women will compete in a Miss USA-sponsored pageant this year. That organization is just one of more than 15 small circuits, each with its own local, state and national competitions. It's a big industry. From the organizers, designers and coaches, lots of people make money — except the contestants.

Twenty-four women are in the running to become the latest Miss District of Columbia USA.

Read more
Business
4:28 am
Sat December 1, 2012

Trouble Stirs In Hewlett Packard's Board Room

Originally published on Mon December 3, 2012 6:25 am

Transcript

SCOTT SIMON, HOST:

Now for the next installment in what's becoming a long-running tale about one of America's highest profile tech companies. Hewlett-Packard was back in the headlines last week when its CEO claimed that Autonomy, a company it acquired last year for more than $11 billion in cash, had lied about its revenues to increase its sale price. Joe Nocera of The New York Times has been watching all of this unfold. He joins us from Sag Harbor, New York. Joe, thanks very much for being with us.

JOE NOCERA: Thanks for having me, Scott.

Read more
Planet Money
4:28 am
Sat December 1, 2012

Sorry, Mom: The Toyota Avalon Is The Most American Car Made Today

Mark Lennihan AP

Originally published on Sat December 1, 2012 1:26 pm

I grew up in a car family. Not car enthusiasts; car makers. My grandfather worked for General Motors in Detroit on the assembly line beginning in the 1940s. My mother was a middle manager at Ford's Chicago assembly plant in the '70s. I worked at the same plant during summers in the '90s. Today, one of my cousins works for Chrysler and another works for an auto supplier.

Read more
The Salt
1:38 pm
Fri November 30, 2012

Some Restaurants In Israel Declare A Kosher Rebellion

Israelis eat at a kosher McDonald's restaurant in Tel Aviv.
David Silverman Getty Images

Originally published on Thu December 13, 2012 6:41 am

The Carousela cafe in West Jerusalem is one of a handful of restaurants and cafes in Israel staging a bit of a rebellion by defying Jewish religious authorities who claim they are the only ones who can certify restaurants as kosher, or in compliance with Jewish dietary laws.

Read more
The Two-Way
1:07 pm
Fri November 30, 2012

Say It Ain't So, Joe: Bazooka Bubble Gum Is Killing Its Tiny Comics

The latest "comic of the week" on Bazooka Bubble Gum's Facebook page.
Bazooka Bubble Gum

Many of us are still not over the demise of Twinkies. Now there's this.

Bazooka Bubble Gum is redoing is packaging and, says The New York Times:

Read more
The Salt
10:32 am
Fri November 30, 2012

Booches' Famous Burgers Seek New Buns After Hostess Plant Closes

A softly-lit Booches' burger, back in the days of the Hostess bun.
Genevieve Howard Flickr.com

Originally published on Fri November 30, 2012 12:57 pm

Twinkie hoarders, artists, and Ding Dong enthusiasts weren't the only consumers affected when Hostess started shutting down plants across America just a few weeks ago.

Read more
The Two-Way
7:12 am
Fri November 30, 2012

Consumer Spending Dipped In October; Superstorm Sandy Blamed

Nov. 17: A sign in a Staten Island storefront tells a lot. It was still closed because of the damage done by Superstorm Sandy in late October.
Mario Tama Getty Images

The economic effects of Superstorm Sandy continue to be felt. According to the Bureau of Economic Analysis, consumer spending edged down 0.2 percent in October from September, and personal income dipped 0.1 percent.

As Bloomberg News says, "Sandy kept some in the Northeast from getting to work or from shopping at malls and car dealerships."

Read more
Business
4:09 am
Fri November 30, 2012

Are 'Pac-Man,' 'Tetris' Art? MOMA Says Yes

Originally published on Fri November 30, 2012 5:05 am

Sim City is also among the first 14 titles in the Museum of Modern Art's new video game collection. The New York City museum's website says video games are not only art, they're design. And design is among the selection criteria — along with cultural relevance. MOMA hopes to have about 40 titles when the exhibit opens in March.

Business
4:00 am
Fri November 30, 2012

European Bank Chief: 2013 Will Be Better For Euro

Originally published on Fri November 30, 2012 5:05 am

The president of the European Central Bank said Friday that the eurozone has yet to emerge from its economic crisis but is on a path to see a recovery by the second half of 2013. But there are still many challenges. Just after that interview, new numbers showed unemployment in the euro zone rose to a record 11.7 percent in October.

Sports
3:04 am
Fri November 30, 2012

How David Beckham Changed U.S. Soccer

Originally published on Fri November 30, 2012 5:05 am

Five years after his much-hyped arrival in the United States, David Beckham is playing his last game for the L.A. Galaxy on Saturday. David Greene speaks with Los Angeles Times sportswriter Kevin Baxter about whether Beckham lived up to America's expectations.

Politics
3:04 am
Fri November 30, 2012

Fiscal Cliff Debate Moves To TV, In Ad War

Originally published on Fri November 30, 2012 5:05 am

Just when you thought you never had to look at another political ad, they're back — this time focused on the big debate in Washington about taxes and spending. Unions, business groups and other special interests have taken their arguments to the nation's living rooms and computer screens.

Business
3:04 am
Fri November 30, 2012

N.Y. Fast-Food Workers Strike For Better Wages

Originally published on Fri November 30, 2012 5:05 am

Fast-food workers staged protests Thursday at restaurants in New York. The workers said their low wages need to be raised. But with the economy still slow, restaurant managers are determined to hold down labor costs so they can offer dollar foods.

It's All Politics
3:04 am
Fri November 30, 2012

How Much Income Taxes Could Rise: A Breakdown Of The Options

House Speaker John Boehner of Ohio speaks to reporters on Capitol Hill Thursday after private talks with Treasury Secretary Timothy Geithner.
J. Scott Applewhite AP

Originally published on Fri November 30, 2012 8:46 am

"No substantive progress has been made." That's what House Speaker John Boehner had to say Thursday about efforts to avoid automatic spending cuts and tax increases at year's end.

The administration's lead negotiator, Treasury Secretary Tim Geithner, met with congressional leaders from both sides of the aisle Thursday, looking for an agreement on the hazard Congress and the White House created last year to focus their minds on deficit reduction.

Read more

Pages