Business

Business
3:40 am
Fri July 24, 2015

The Financial Times, A Newspaper Success Story, Is Sold For $1.3 Billion

Originally published on Fri July 24, 2015 5:58 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

The Salt
4:26 pm
Thu July 23, 2015

House To States: Don't You Dare Demand GMO Labels

A label on a bag of popcorn indicates it is a non-GMO food. House Republicans on Thursday voted in favor of a law that would block states from mandating GMO labels.
Robyn Beck AFP/Getty Images

Originally published on Fri July 24, 2015 6:35 am

The argument over genetically modified food has been dominated, in recent years, by a debate over food labels โ€” specifically, whether those labels should reveal the presence of GMOs.

The battle, until now, has gone state by state. California refused to pass a labeling initiative, but Maine, Connecticut and Vermont have now passed laws in favor of GMO labeling.

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Shots - Health News
12:56 pm
Thu July 23, 2015

Administration Prods States To Scrutinize Insurers' Rate Hikes

akindo iStockphoto

Originally published on Fri July 24, 2015 6:29 am

There's a battle brewing behind the scenes to keep health plans affordable for consumers. The Obama administration weighed in this week, sending letters to insurance regulators in every state and Washington, D.C., that ask them to take a closer look at rate requests before granting them.

Under the Affordable Care Act, state agencies largely retain the right to regulate premiums. So far only a handful have finalized premiums for the coming year, for which enrollment begins in November.

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Shots - Health News
10:19 am
Thu July 23, 2015

Doctors Press For Action To Lower 'Unsustainable' Prices For Cancer Drugs

Skyrocketing costs for cancer drugs have triggered a backlash.
iStockphoto

Anyone who's fought cancer knows that it's not just scary, but pricey, too.

"A lot of my patients cry โ€” they're frustrated," says Dr. Ayalew Tefferi, a hematologist at the Mayo Clinic. "Many of them spend their life savings on cancer drugs and end up being bankrupt."

The average U.S. family makes $52,000 annually. Cancer drugs can easily cost a $120,000 a year. Out-of-pocket expenses for the insured can run $25,000 to $30,000 โ€” more than half of a typical family's income.

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The Two-Way
9:07 am
Thu July 23, 2015

Japan's Nikkei Will Purchase Financial Times Group For $1.3 Billion

Copies of the Financial Times newspaper are displayed for a photograph in London. British publisher Pearson is selling the paper to Japanese media company Nikkei.
Niklas Halle'n AFP/Getty Images

Originally published on Thu July 23, 2015 12:07 pm

In a development that comes after a German firm was reportedly close to reaching a deal to buy the Financial Times Group from the Pearson publishing company, the Financial Times will instead be bought by Japanese media company Nikkei, for 844 million pounds ($1.3 billion) in cash.

Earlier Thursday, the Financial Times itself had reported that the newspaper's publisher was on the verge of being sold to German media group Alex Springer. Other reports had suggested that Bloomberg or Thomson Reuters were potential buyers.

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The Two-Way
7:12 am
Thu July 23, 2015

Greece Approves Reforms, Clearing Hurdle For Bailout Deal

Greek Prime Minister Alexis Tsipras listens to Finance Minister Euclid Tsakalotos as Justice Minister Nikos Paraskevopoulos looks on during a parliamentary session in Athens on Thursday.
Yiannakis Kourtoglou Reuters/Landov

Originally published on Thu July 23, 2015 12:50 pm

Greek lawmakers have approved a set of overhauls that were the last obstacles standing between Athens and a desperately needed 86 billion euro line of credit, which is being fronted by creditors along with a demand for domestic reforms.

The latest measures include a restructuring of the banking and judicial systems, passed easily (230-63 with five abstentions) despite thousands of anti-austerity protesters demonstrating loudly outside the Parliament building.

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The Salt
2:30 am
Thu July 23, 2015

Fast-Food Workers Cheer As $15 Minimum Wage Advances In New York State

Labor leaders, workers and activists attend a rally for a $15 minimum hourly wage Wednesday in New York City. A panel appointed by Gov. Andrew Cuomo recommended the increase.
Spencer Platt Getty Images

Originally published on Thu July 23, 2015 12:40 pm

There aren't a lot of obscure government board meetings that warrant a watch party, let alone one with a marching band.

But that's how fast-food restaurant workers and their supporters celebrated Wednesday on a blocked-off street in Manhattan, as they watched a state panel recommend a $6.25 increase in their hourly wage, to $15.

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Parallels
1:35 am
Thu July 23, 2015

When Sanctions Lift, How Will Iran Spend Its Billions?

The state-run Iran-Khodro plant manufactures vehicles including the Peugeot 206 car, shown on a production line in 2014 near Tehran. Iran's robust auto industry was built in response to sanctions.
Ebrahim Noroozi AP

Originally published on Thu July 23, 2015 2:57 pm

If the nuclear deal with Iran is implemented, Tehran stands to gain a lot of money. There are differing estimates of exactly how much: The U.S. Treasury Department has said something on the order of $100 billion is in blocked overseas Iranian accounts, while Iran's Central Bank governor puts the figure closer to $29 billion.

Whatever the exact amount, critics like Republican presidential candidate Lindsey Graham say that kind of cash will allow Tehran to make bad situations in the Middle East even worse.

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The Two-Way
5:26 pm
Wed July 22, 2015

California, New York And Washington, D.C., Make Moves On Minimum Wage

Demonstrators rally before a meeting of a state wage board in New York. On Wednesday, a state panel recommended the minimum wage for fast-food employees be raised to $15 an hour, bypassing the state Legislature.
Seth Wenig AP

Originally published on Wed July 22, 2015 6:27 pm

A wave of wage increases in cities across the country, as well as at several major businesses, continued on Wednesday.

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The Two-Way
3:57 pm
Wed July 22, 2015

New York City, Uber Strike 4-Month Deal On Vehicle Cap

Originally published on Wed July 22, 2015 4:48 pm

Ride-hailing service Uber has struck a deal with New York City just a day before the City Council was due to vote on a measure that would cap the number of the service's cars in the city.

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The Salt
2:57 pm
Wed July 22, 2015

Eggs Go AWOL, And Bakers Scramble For High-Tech Substitutes

The hard part of making an egg replacement product is coming up with a substitute for the protein in egg whites.
Wilson Hui Flickr

Originally published on Thu July 23, 2015 7:11 am

Strolling through the annual meeting of the Institute of Food Technologists the other day, I saw several signs offering to solve an urgent problem American bakers face. The signs advertised "egg replacement."

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Business
2:57 pm
Wed July 22, 2015

New York, University Of California Announce $15 Minimum Wage

Originally published on Thu July 23, 2015 4:08 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

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Business
2:57 pm
Wed July 22, 2015

With U.S.-Cuba Ties Restored, Embargo Leaves Trade Restrictions In Place

Originally published on Wed July 22, 2015 5:24 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
2:57 pm
Wed July 22, 2015

After Nuclear Deal, European Businesses Flock To Iran

Originally published on Wed July 22, 2015 7:22 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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MELISSA BLOCK, HOST:

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The Salt
11:23 am
Wed July 22, 2015

How An 11-Year-Old Boy Invented The Popsicle

A vintage ad for Popsicle
The National Archives

Originally published on Fri July 24, 2015 2:35 pm

The next time you pop a Popsicle in your mouth, think about this: You're enjoying the fruits of an 11-year-old entrepreneur's labor.

Back in 1905, a San Francisco Bay Area kid by the name of Frank Epperson accidentally invented the summertime treat. He had mixed some sugary soda powder with water and left it out overnight. It was a cold night, and the mixture froze. In the morning, Epperson devoured the icy concoction, licking it off the wooden stirrer. He declared it an Epsicle, a portmanteau of icicle and his name, and started selling the treat around his neighborhood.

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Europe
4:12 am
Wed July 22, 2015

Can Greece Get A Handle On Its Notorious Tax System?

Originally published on Wed July 22, 2015 5:47 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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STEVE INSKEEP, HOST:

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Sweetness And Light
2:57 am
Wed July 22, 2015

For Love Or Money: Fans And Businesses Flock To Fantasy Sports

Kelly Hirano, vice president of engineering, demonstrates the Yahoo Sports Daily Fantasy contest during a product launch in July in San Francisco. Yahoo has designed this experience for the mobile fantasy player and offers Daily Fantasy, Full Season Fantasy, and real-time sports news and scores as an all-in-one experience.
Eric Risberg AP

Originally published on Wed July 22, 2015 5:59 pm

In the famous Disney movie, a carpenter named Geppetto longed to have a son. He carved a puppet of a boy, and, wouldn't you know it, the wooden Pinocchio magically became a real child. Fantasy games are the Pinocchio of sport, for all who play them become Geppettos. Isn't it the dream of every fan to construct his or her own team, as Geppetto wanted to carve out a son?

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The Two-Way
4:56 pm
Tue July 21, 2015

FCC Set To Approve AT&T-DirecTV Merger

FCC Chairman Tom Wheeler has circulated an order to his fellow commissioners on the Federal Communications Commission to approve the $48.5 billion merger between AT&T and DirecTV.

In a statement, Wheeler said the move would bring more competition to the broadband marketplace and benefit consumers.

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Business
3:53 pm
Tue July 21, 2015

5 Years Later, Legacy Of Financial Overhaul Still Being Weighed

President Obama signs the Dodd-Frank financial overhaul bill in Washington on July 21, 2010. Five years later, debate over the effectiveness of the legislation continues.
Charles Dharapak AP

Originally published on Wed July 22, 2015 3:57 pm

Five years ago Tuesday, President Obama signed into law the massive overhaul of U.S. financial regulations called Dodd-Frank. But there's still a battle over whether the law has helped stabilize the financial system or whether it has harmed the economy and should be rolled back.

Congress designed Dodd-Frank to fix excesses in financial markets and mortgage lending โ€” excesses that triggered the financial crisis and forced massive bailouts of Wall Street firms.

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Latin America
2:54 pm
Tue July 21, 2015

Americans Seek Compensation For Assets Lost In Cuban Revolution

Originally published on Tue July 21, 2015 4:23 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
2:54 pm
Tue July 21, 2015

Toshiba CEO, Board Members Resign Amid Accounting Scandal

Originally published on Tue July 21, 2015 11:32 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

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Technology
2:54 pm
Tue July 21, 2015

Sen. Blumenthal Introduces Bill To Protect Connected Cars From Hackers

Originally published on Tue July 21, 2015 4:23 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

Here's the sound of a driver losing control of a Jeep Cherokee at 70 miles an hour.

UNIDENTIFIED MAN #1: The air conditioning is blasting.

(SOUNDBITE OF SONG)

UNIDENTIFIED SINGER: (Singing) (Unintelligible).

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Parallels
2:54 pm
Tue July 21, 2015

U.S.-Cuba Ties Are Restored, But Most American Tourists Will Have To Wait

American tourists, like these visitors taking a guided tour in May, still have to provide one of 12 authorized reasons โ€” such as visiting family or engaging in humanitarian work โ€” for travel to Cuba.
Desmond Boylan AP

Originally published on Wed July 22, 2015 3:36 pm

The U.S. and Cuba have restored diplomatic relations and reopened their embassies โ€” but it's not yet open season for American tourists hoping to visit the island. The U.S. embargo on travel and business means you still have to have a valid reason to go โ€” and that doesn't include sitting on the beach and drinking mojitos.

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All Tech Considered
11:49 am
Tue July 21, 2015

The Ghost In The Car May Be A Hacker

Chris Valasek (left) and Charlie Miller talk about hacking into vehicle computer systems during the Black Hat USA 2014 hacker conference in Las Vegas last August.
Steve Marcus Reuters/Landov

Originally published on Fri July 24, 2015 12:32 pm

Updated 1:39 p.m. ET July 24: NHTSA Investigating Chrysler Recall

Andy Greenberg was minding his own business, driving a Jeep Cherokee on the highway in St. Louis when the SUV's air vents suddenly started blasting cold air. Then the radio switched stations and began blaring hip-hop at full volume. Spinning the radio control knobs did nothing. Soon, the windshield wipers turned on and wiper fluid obscured Greenberg's view.

Then things started getting really interesting.

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Shots - Health News
9:21 am
Tue July 21, 2015

IRS: 7.5 Million Americans Paid Penalty For Lack Of Health Coverage

The IRS released preliminary figures that show about three-quarters of taxpayers indicated they had qualifying health insurance in 2014.
Carolyn Kaster AP

Originally published on Tue July 21, 2015 2:48 pm

About 7.5 million Americans paid an average penalty of $200 for not having health insurance in 2014 โ€” the first year most Americans were required to have coverage under the Affordable Care Act, the Internal Revenue Service said Tuesday.

By contrast, taxpayers filing three-quarters of the 102 million returns received by the IRS so far this year checked a box indicating they had qualifying insurance coverage all year.

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The Salt
8:59 am
Tue July 21, 2015

Tea Sommeliers Are The Hot New Thing In Food Pairing

Christopher Day, the dining room manager at Eleven Madison Park, is also the man behind its tea program. "My goal has always been to put together a tea list with the same standard and rigor as you would with wine," he says.
Kathy YL Chan for NPR

Originally published on Tue July 21, 2015 12:01 pm

Even those of us who can't tell the difference between a pinot noir and a merlot are probably familiar with the basic rule of wine pairing: white wine with fish and red wine with steak. But when it comes to tea pairings, we're stumped.

Yet it turns out there is an art to unlocking new flavors in your food by pairing it with tea. Sipping oolong with a buttery, citrusy madeleine can highlight the flowery and milky notes of the tea, while a hot cup of green tea melts the texture of goat cheese and enhances its creamy notes.

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Business
4:02 am
Tue July 21, 2015

Facing Tough Competition, A&P Seeks Bankruptcy Protection

Originally published on Tue July 21, 2015 12:02 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RENEE MONTAGNE, HOST:

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Europe
4:02 am
Tue July 21, 2015

The Greek Banks Are Open Again, But The Sales Tax Just Went Up

Originally published on Wed July 22, 2015 4:01 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RENEE MONTAGNE, HOST:

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Shots - Health News
3:15 am
Tue July 21, 2015

Expanding, Not Shrinking, Saves A Small Rural Hospital

One of the first signs drivers see on the way into Unionville, Mo. is this billboard advertising cardiology at Putnam County Memorial Hospital. Offering specialty services, like cardiology and psychiatry turned the hospital around, community leaders say.
Bram Sable-Smith/KBIA/Side Effects Public Media

Originally published on Tue July 21, 2015 8:03 am

Missouri cattle farmer Greg Fleshman became so concerned about keeping his local hospital open that in 2011 he joined its governing board.

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Business
1:33 am
Tue July 21, 2015

Zappos: A Workplace Where No One And Everyone Is The Boss

Zappos.com tour guide Erika Newman (right) shows off the ball pit in the human resources department of the company's Las Vegas headquarters. Zappos eliminated managers and embraced a system of self-governance known as holacracy.
Sacramento Bee TNS/Landov

Originally published on Wed July 22, 2015 12:43 pm

Jacqui Gonzalez once spent an hour and a half on the phone helping a customer. The Zappos.com employee enjoys being generous with the online shoe retailer's money, sending gift baskets and thank-you cards to people whose complaints she has solved.

And mostly, she's grateful that she doesn't have a manager to consult in making those decisions.

"We don't have to put someone on hold and ask permission," says the former customer service agent, who is now a tour guide at the company. "We don't have a manager that you need to be transferred to. How refreshing is that?"

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