Business

The Salt
1:42 am
Wed July 16, 2014

Craft Beer Reaches New Depths As Mainers Brew A Batch From Seaweed

A glass of the seaweed beer created by Marshall Wharf Brewing Co. in Belfast, Maine.
Jay Field MPBN

Originally published on Mon July 21, 2014 10:14 am

More craft breweries are using exotic ingredients in their creations these days. There are ales made with all kinds of fruit, beers infused with coriander and other spices, stouts brewed with oysters — even beer made from yeast scraped off 35 million-year-old whale bones. But what about a beer made with seaweed?

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Shots - Health News
1:27 am
Wed July 16, 2014

Coping With A Co-Worker's Body Odor Takes Tact

We can all work up a stinky sweat — welders, ballerinas and number-crunchers alike. Would you want to know?
emreogan/iStockphoto

Originally published on Wed July 16, 2014 11:14 am

It's summer. It's sweaty. And sometimes that means people are trailing some pungent body odors that their colleagues can't help but smell. But how do you tactfully inform co-workers that they stink and need to address it? As Cath Ludeman-Hall will tell you, it isn't easy.

She was just out of college and a newbie at a staffing firm when she was asked to gently talk to an older worker in a retail warehouse after his colleagues complained that he stank.

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All Tech Considered
5:40 pm
Tue July 15, 2014

FCC Extending Net Neutrality Commenting Time After Site Buckles

Federal Communications Commission Chairman Thomas Wheeler.
T.J. Kirkpatrick Getty Images

Originally published on Wed July 16, 2014 8:32 am

A flood of comments about net neutrality crashed the Federal Communications Commission's commenting site on Tuesday, the original deadline for public comments on the controversial Internet proposal. But the tech problems are buying those who want to weigh in some extra time — the deadline for public commenting is now Friday at midnight.

Of the 780,000 comments submitted to the FCC, 100,000 came on Tuesday alone, which the FCC's outdated electronic comment filing system was not capable of handling.

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The Two-Way
5:12 pm
Tue July 15, 2014

Apple Teams Up With Former Rival IBM On Business Apps

Originally published on Tue July 15, 2014 6:08 pm

Apple announced on Tuesday a deal with the company it once painted as Big Brother in its infamous 1984 ad: IBM.

The former rivals agreed on an exclusive partnership to work together on new business applications for Apple's iPads and iPhones. As part of the deal, IBM will also sell iPhones and iPads with the software to businesses all over the world.

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It's All Politics
4:54 pm
Tue July 15, 2014

Temporary Fix For Highway Money Is Well-Traveled Road

The I-75 highway modernization project in Dayton, Ohio, in April 2014.
Skip Peterson AP

If kicking the can down the road were a competitive sport, the championship trophy would never leave Washington.

When the need to make a difficult choice collides with an unyielding deadline, the tendency in a city where partisan gridlock is the norm is to put the tough decisions off for another day.

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Around the Nation
2:21 pm
Tue July 15, 2014

Fate Of Decades-Old Cigar Factory Dangles By A Phrase

Originally published on Tue July 15, 2014 5:23 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUSIE CORNISH, HOST:

And I'm Audie Cornish. Tampa was once known as Cigar City. Today, there's just one cigar factory left. The J.C. Newman Company makes cigars in Tampa the way it has for more than 80 years on machines made in the 1930s. Now, as NPR's Greg Allen reports, the company's owners and employees are worried new federal regulations may put them out of business.

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Business
2:21 pm
Tue July 15, 2014

Why Blockbusters And Flops Cost The Same At The Box Office

Originally published on Tue July 15, 2014 5:23 pm

Transcript

AUDIE CORNISH, HOST:

If you go to the movies this week, you might find yourself sitting in a sold-out show of "Dawn Of The Planet Of The Apes," the summer's latest blockbuster. Or, you might be sitting in a nearly empty theater down the hall watching something far less popular. Well, here's the thing - the ticket price to the blockbuster is exactly the same as the less popular movie. Jacob Goldstein from our Planet Money team wondered why.

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All Tech Considered
9:53 am
Tue July 15, 2014

Comcast 'Embarrassed' By The Service Call Making Internet Rounds

Comcast is the largest cable company and home Internet service provider in the United States.
Matt Rourke AP

Originally published on Wed July 16, 2014 12:38 pm

When a customer service call is described as "Kafkaesque" and "hellish," you pretty much know how it's going to go down before even taking a listen. But in case you haven't heard the condescending, tedious call that's lit up the Internet, here it is:

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Business
9:10 am
Tue July 15, 2014

Citigroup Settlement Offers Former Homeowners 'Cold Comfort'

The Citigroup Center is viewed in midtown Manhattan. Critics say the U.S. settlement with the banking giant will do nothing for those hurt most by the foreclosure crisis: people who lost their homes.
Timothy A. Clary AFP/Getty Images

Should you be watching your mailbox for a check from Citigroup?

The banking giant says it will pay out $2.5 billion to provide "consumer relief" to help settle charges brought against it by the U.S. Justice Department. The government said Monday that "defects" in Citi's mortgage securities had fueled the financial crisis that triggered the Great Recession.

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The Two-Way
8:40 am
Tue July 15, 2014

NPR News Executive Leaves For Job At The Atlantic

Margaret Low Smith is leaving her post as NPR News' senior vice president to become president of AtlanticLIVE.
Stephen Voss NPR

Originally published on Tue July 15, 2014 10:14 am

Margaret Low Smith, a longtime NPR executive who has served as senior vice president for news for three years, is leaving the company to become the president of The Atlantic's live events business.

"Her departure will be felt as profoundly as any in recent memory," NPR Chief Content Officer Kinsey Wilson wrote in a memo to staff Tuesday.

He added that Smith's final day at NPR will be at the end of July. She joined the company in 1982 as an overnight production assistant on Morning Edition.

Wilson added that:

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The Two-Way
6:06 am
Tue July 15, 2014

Tobacco Giant Reynolds American To Buy Lorillard In $27B Deal

Cigarette maker Reynolds American, which makes Camel, said it's buying Lorillard Inc. for $27 billion.
Keith Srakocic AP

Originally published on Tue July 15, 2014 9:41 am

Cigarette giant Reynolds American announced Tuesday that it's buying rival Lorillard in a $27 billion deal that unites two of the country's biggest tobacco companies.

The acquisition creates a giant to rival Philip Morris USA, which is owned by Altria Group Inc., the No. 1 tobacco company in the country. Altria's Marlboro brand dominates the U.S. cigarette market.

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Business
5:14 am
Tue July 15, 2014

VW To Expand Chattanooga Plant

Originally published on Tue July 15, 2014 5:53 am

Transcript

STEVE INSKEEP, HOST:

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Business
4:30 am
Tue July 15, 2014

Coal-Burning Power Plant To Give New Life To Texas Oil Field

Originally published on Thu July 17, 2014 9:15 am

Transcript

RENEE MONTAGNE, HOST:

There is a coal-burning power plant outside of Houston that ranks among the nation's biggest emitters of carbon dioxide. With pressure to reduce greenhouse gas emissions, the plant is hoping to capture that CO2 and use it to boost energy production in an old oilfield. Houston Public Media's Andrew Schneider reports.

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NPR Story
3:18 am
Tue July 15, 2014

Employees Criticize CIA Cafeteria, FOI Request Reveals

Originally published on Tue July 15, 2014 5:53 am

The news website MuckRock published complaints about the CIA cafeteria which came from a 2010 Freedom of Information Act request. Spies prefer individual ketchup packets to pump dispensers.

NPR Story
3:11 am
Tue July 15, 2014

Chocolatier Lindt To Buy Russell Stover

Originally published on Tue July 15, 2014 5:53 am

Transcript

STEVE INSKEEP, HOST:

So the Swiss chocolate maker, Lindt, has announced plans to gobble up Kansas City-based Russell Stover, the company behind all those Valentine samplers. I know what you are thinking. I know what you are thinking - you know, that's all very fine. You're thinking about all of this business news, but what does it mean for my chocolate? Well, Frank Morris of member station KCUR in Kansas City reports.

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Parallels
1:32 am
Tue July 15, 2014

Kurds May Have Oil To Export, But Buyers Are Harder To Find

A tanker carrying crude oil from Iraq's Kurdish region anchors near Ashkelon, Israel. It's believed the oil has been off-loaded into Israel. The U.S. and Baghdad oppose the Kurdish export of oil from the autonomous northern region.
David Buimovitch AFP/Getty Images

Originally published on Tue July 15, 2014 7:14 am

Kurdish security forces, the peshmerga, have taken over two major oil fields near Kirkuk, in northern Iraq. The fields have the potential to put billions of dollars into the coffers of the Kurdish regional government.

But there's a hitch: Even if the Kurdish government has control of the oil, it doesn't necessarily mean it can export it — thanks to the Baghdad government and the U.S.

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Business
1:31 am
Tue July 15, 2014

Leased Solar Panels Can Cast A Shadow Over A Home's Value

Mark Bortman of Exact Solar in Yardley, Pa., says having leased solar panels on a roof can add an extra step when selling a house. He says typically a buyer will assume the remainder of the lease, but that requires a credit check and some paperwork
Jeff Brady NPR

Originally published on Thu July 17, 2014 9:11 am

Installing solar panels on a house to generate electricity often costs $20,000 or more, and many homeowners have turned to leasing programs to avoid those upfront costs. But most leases are for 20 years, and that can present problems if someone wants to sell the house before the lease is completed.

Peter Auditore of El Granada, Calif., was happy with the leased solar panels he installed a few years back. When he decided to sell, he found a buyer who also appreciated the environmental benefits of solar panels. But then there was a hitch just as the sale was about to go through.

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Media
2:15 pm
Mon July 14, 2014

The Rise Of The Online Rebuttal — And How It's Making Waves In Print

Originally published on Mon July 14, 2014 4:24 pm

Transcript

AUDIE CORNISH, HOST:

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Law
2:15 pm
Mon July 14, 2014

Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct

Originally published on Mon July 14, 2014 4:24 pm

Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners.

All Tech Considered
2:15 pm
Mon July 14, 2014

In Europe, Google Stumbles Between Free Speech And Privacy

A Google search removal request is displayed on the screen of a smartphone in London. The company says it has received more than 70,000 takedown requests following a European court ruling.
Dominic Lipinski PA Photos/Landov

Originally published on Mon July 14, 2014 4:24 pm

Google is trying to make sense of a sweeping decision about the Internet. In May, the European Court of Justice ruled that people have the right to be forgotten. That is, if you don't like something about you that pops up on a Google search, you can make Google hide that result.

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The Two-Way
1:25 pm
Mon July 14, 2014

Accounting Giant To Pay $4 Million After Improper Lobbying

Originally published on Mon July 14, 2014 3:45 pm

The accounting firm of Ernst & Young has agreed to pay $4 million to settle civil charges that it violated federal rules when a subsidiary lobbied Congress on behalf of audit clients.

"Ernst & Young engaged in lobbying activities that constituted improper advocacy and clearly violated the rules," said Scott W. Friestad, associate director of enforcement for the Securities and Exchange Commission, which announced the penalty Monday.

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Author Interviews
1:16 pm
Mon July 14, 2014

How A Factory Man Fought To Save His Furniture Company

Author Beth Macy worked for years as a reporter for the Roanoke Times. "When I became a journalist, I gravitated to those kinds of stories of what I call 'outsiders and underdogs,' " she says.
David Hungate Courtesy of Little, Brown and Co.

Originally published on Mon July 14, 2014 1:34 pm

In the town of Bassett in southern Virginia, some of the downtown street lights are dark. The lamps, maintained by the once prosperous Bassett Furniture Co., are now funded by voluntary contributions from residents and businesses — when they can afford it.

Bassett is just one of many towns and cities in Virginia and North Carolina where scores of furniture-making plants have closed in the past 20 years, mostly because of competition from China and other foreign countries.

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The Two-Way
12:46 pm
Mon July 14, 2014

Trump Plaza Latest Atlantic City Casino To Fold

The Trump Plaza Hotel and Casino opened to much fanfare in 1984 but may close by mid-September.
Mel Evans AP

Originally published on Mon July 14, 2014 1:37 pm

The Trump Plaza Hotel and Casino is expected to close on Sept. 16, making it the latest in a series of Atlantic City casinos to go under.

As required by federal law in advance of mass layoffs, the hotel sent out warnings about the planned closure to employees on Monday. According to a document obtained by The Associated Press, a total of 1,153 layoffs are expected.

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All Tech Considered
11:16 am
Mon July 14, 2014

Tech Giants Make Net Neutrality Case As Deadline Nears

Facebook CEO Mark Zuckerberg (right) and Facebook lobbyist Joel Kaplan are part of the Internet Association, which filed comments in support of net neutrality Monday.
Alex Wong Getty Images

Originally published on Wed July 16, 2014 12:49 pm

It's not just comedian John Oliver coming out against cable companies to support net neutrality. The world's largest Internet companies — Google, Facebook, Netflix, Amazon and others — have officially chimed in, filing comments Monday to the Federal Communications Commission, which oversees Internet traffic.

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Business
10:34 am
Mon July 14, 2014

Citigroup Settles Subprime Mortgage Case For $7 Billion

Transcript

STEVE INSKEEP, HOST:

Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Jim, good morning.

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The Two-Way
7:59 am
Mon July 14, 2014

Sweet Deal? Chocolatier Lindt Buys Russell Stover

A store manager arranges merchandise in a Russell Stover Candy store in Overland Park, Kan., in this file photo. The candy maker is being bought by Swiss company Lindt & Spruengli.
Charlie Riedel AP

Originally published on Mon July 14, 2014 10:07 am

In a push for greater prominence in the American market, Swiss chocolate company Lindt & Sprungli has reached a deal to acquire Russell Stover, the company whose products include the time-tested Whitman's Sampler box of chocolates, a product featured in the 1994 film Forrest Gump.

The deal would make the combined company the No. 3 chocolate maker in North America, Lindt says in a news release announcing the deal. The company says the acquisition is the "biggest and most important strategic acquisition" in its history.

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Business
6:00 am
Mon July 14, 2014

Citigroup Agrees To Settlement Over Risky Mortgages

Originally published on Mon July 14, 2014 10:34 am

Transcript

RENEE MONTAGNE, HOST:

The Two-Way
5:40 am
Mon July 14, 2014

Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe

Citigroup has agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.
Kiichiro Sato AP

Originally published on Mon July 14, 2014 9:53 am

Citigroup said Monday it had agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.

The deal covers mortgage-backed securities and collateralized debt obligations issued, structured or underwritten by Citi between 2003 and 2008, the company said in a statement on its website.

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Business
5:34 am
Mon July 14, 2014

In The Future, Calorie Counting Could Be A Lot Easier

Originally published on Wed July 16, 2014 8:15 pm

Transcript

STEVE INSKEEP, HOST:

And if you've eaten a few too many Saskatoon berries, our last word in Business is for you, a calorie-counting app.

RENEE MONTAGNE, HOST:

Losing weight pretty much boils down to a simple equation, calories in versus calories out. But tracking that can be tedious, logging everything you order or cook at home. Now picture this, a device that you place over your plate and it shows you exactly what's in the food you're about to eat.

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Business
3:31 am
Mon July 14, 2014

China Indicts GlaxoSmithKline Investigators

Originally published on Mon July 14, 2014 10:34 am

Transcript

STEVE INSKEEP, HOST:

Prosecutors in Shanghai have charged a British detective and his American wife with illegally buying and selling personal information about Chinese citizens. They were working for a company that was already under scrutiny from China's government. NPR's Anthony Kuhn reports.

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