Business

The Two-Way
8:10 am
Tue October 23, 2012

Apple Expected To Announce A Smaller Version Of Its iPad

Apple Senior Vice President of Worldwide product marketing Phil Schiller announces the new iPad Mini during an Apple special event at the historic California Theater on Tuesday.
Kevork Djansezian Getty Images

Originally published on Tue October 23, 2012 12:35 pm

Update at 1:52 p.m. ET. Introducing iPad Mini:

Philip W. Schiller, the senior vice president of worldwide marketing at Apple, announced a new, smaller and cheaper version of its popular tablet, just minutes ago in San Jose, Calif.

"So, what can you do with an iPad mini that can't do with an iPad?" Schiller asked. "You can hold it in one hand."

The iPad mini is as thin as a pencil, weighs 0.68 pounds and has a 7.9 inch screen, Schiller said. The iPad has a 9.7 inch screen.

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Business
3:53 am
Tue October 23, 2012

Study: Being Popular May Boost Your Income

The most popular kids in high school go on to earn higher wages than the least popular β€” as much as 10 percent 40 years after graduation, according to a new study published by the National Bureau of Economic Research. Researchers say students with better social skills do better when they enter the workplace.

Media
3:53 am
Tue October 23, 2012

BBC Roiled By Jimmy Savile Sex Abuse Scandal

The BBC is dealing with its worst crisis in decades. At the heart of the affair: allegations that the late BBC entertainer Jimmy Savile serially sexually abused underage women. The BBC now is having to defend how it handled an investigative report into the charges.

Business
3:53 am
Tue October 23, 2012

Deal Makes Russian Oil Company Biggest Producer

Transcript

STEVE INSKEEP, HOST:

Two of the world's biggest oil companies have announced a deal that will slurp up millions of barrels of crude and billions of dollars in earnings, if it works. The move would make Russia's state-owned company Rosneft the biggest publicly traded oil producer in the world - and it would give the British energy giant BP more opportunities in Russia.

NPR's Corey Flintoff reports from Moscow.

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Europe
3:53 am
Tue October 23, 2012

Greek Grocers Get New Rules For Expired Food

A new regulation in Greece is requiring supermarkets to label and reduce prices of nonperishable food sold after the recommended day of consumption. The government says such goods have been sold since 1989, but at the same price as nonexpired perishable goods. Now, supermarkets must set the goods aside on a separate shelf and mark the price down. Are Greeks welcoming the change or suspicious about lax regulation?

Media
3:53 am
Tue October 23, 2012

'Newsweek' Editor Brown On Print Edition's Demise

Originally published on Tue October 23, 2012 4:51 pm

Transcript

STEVE INSKEEP, HOST:

The word tenacious can also describe Tina Brown, editor of Newsweek and the Daily Beast, and also a regular guest on this program. She had made headlines at many magazines over the years and also made headlines on those magazines. Last week, Brown announced that Newsweek will end its print edition in January. But instead of going out of business, she says she wants to go on. She wants to turn Newsweek into an electronic magazine for tablet readers, like the iPad, supported by advertising and reader subscriptions.

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Business
3:41 am
Tue October 23, 2012

Yahoo's Profits Spiked In Third Quarter

Originally published on Tue October 23, 2012 3:53 am

Yahoo's new CEO Marissa Mayer got a lot of attention recently for her decision to cut short her maternity leave and return to work. But she returned to some good news: The troubled online company earned more than $3 billion, beating industry predictions.

All Tech Considered
2:38 am
Tue October 23, 2012

Microsoft, An Empire Under Siege, Makes Its Next Moves

Microsoft CEO Steve Ballmer speaks at a Microsoft event in San Francisco in July. This week, Microsoft launches Windows 8, a radical redesign of its operating system, as well as a new set of tablet computers.
Jeff Chiu AP

Originally published on Tue October 23, 2012 4:49 pm

Microsoft, the company that defined the PC, is still enormously profitable β€” but not as profitable as it once was.

This week, Microsoft will try to regroup. It is rolling out the largest upgrade of its Windows software in more than a decade. All of this is meant to help the company break into the exploding market for mobile.

While the company still commands a formidable computing empire, it is now under attack.

Microsoft's CEO is Steve Ballmer, a big, bombastic, balding guy. These days he's riled up about Windows 8.

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All Tech Considered
2:35 am
Tue October 23, 2012

How Much Is A 'Like' On Facebook Worth For A Company's Share Price?

Investors and financial analysis firms are increasingly looking at "sentimental analysis" β€” such as Facebook "likes" and Twitter messages β€” to gauge a company's social popularity.
iStockphoto.com

Originally published on Tue October 23, 2012 4:50 pm

High school was not a particularly awesome time in the life of Arthur J. O'Connor. That social fairy dust that some people seem to have? He didn't have it.

"I was a wallflower. I was a nerd," O'Connor says. "I was incredibly intimidated by everybody."

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Planet Money
12:34 pm
Mon October 22, 2012

Why A Hedge Fund Seized An Argentine Navy Ship In Ghana

The Libertad is being held in port near Accra, Ghana.
Michael A. Mariant AP

The Libertad, a ship owned by the Argentine Navy, set sail across the Atlantic a few months ago. It was being tracked, via the Internet, by a U.S.-based hedge fund called NML Capital.

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Business
11:08 am
Mon October 22, 2012

Can U.S. Still Lead In Economic And 'Soft' Power?

A Ford Focus on the assembly line in Wayne, Mich. "We have a lot going for us; we've got our problems, but others have problems that are as bad or worse," says Nariman Behravesh, chief economist at IHS Global Insight.
Bill Pugliano Getty Images

Originally published on Mon October 22, 2012 12:28 pm

At Monday night's foreign policy debate, the first round of questions for the presidential candidates will involve "America's role in the world."

The answers from President Obama and former Gov. Mitt Romney likely will focus on military readiness and anti-terrorism efforts. That's what most Americans would expect to hear, given that their country has been involved continuously in overseas combat since the terrorist attacks of 2001.

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Business
6:11 am
Mon October 22, 2012

Swampy The Alligator A Hit For Disney Gaming

At Disneyland, the video game character Swampy the Alligator has edged his way onto gift shop shelves once solely dominated by film characters like Mickey Mouse and all those princesses. He's the star of "Where's My Water?" β€” Disney's first original mobile gaming hit, with over a hundred-million downloads.

Business
6:11 am
Mon October 22, 2012

Dish Reaches Settlement With Cablevision, AMC

Dish Network is settling with Cablevision and AMC Networks after a well-publicized and drawn-out fight in court and on the airwaves. Dish will resume distributing AMC and other channels as part of the settlement, and pay a hefty sum, too β€” roughly $700 million.

All Tech Considered
2:34 am
Mon October 22, 2012

Six New Video Games That Will Get You Hooked

Machinarium from Amanita Design is an adventure game centered a robot who has been sent to the scrap heap. Players solve puzzles to help the robot return to the city.
Amanita Design

Originally published on Mon October 22, 2012 12:03 pm

Video game makers are rolling out their new titles β€” with a wide range of creativity and style β€” just in time for the holiday shopping season. Jamin Warren, founder of Kill Screen magazine, shares his list of video games you should keep your eye on:

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Television
2:33 am
Mon October 22, 2012

Ratings Success? It's All In The (ABC) Family

Broadway veteran Sutton Foster stars in the ABC Family show Bunheads, which, while focusing on adults, is still popular with ABC Family's demographic.
Adam Larkey ABC Family

Originally published on Tue November 27, 2012 3:09 pm

In a sterile white boardroom in ABC Family's headquarters in Los Angeles, two young women are assiduously ignoring a spread of cookies in favor of two more important things: their laptops and a live broadcast of the show Pretty Little Liars playing on a large flat-screen TV.

Dalia Ganz, 28, is the show's social-media manager. She's patiently teaching one of the beautiful young actors on the show how to live-tweet this episode.

"Include #prettylittleliars in your answers," she instructs. That is a literal transcription of her words.

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Economy
5:18 am
Sun October 21, 2012

Working It: Living Between Hope And Hardship

Many Americans face a demoralizing battle to find and keep a job.
Kim Green for NPR

Originally published on Sun October 21, 2012 8:32 am

Most of us know someone who's had a hard time finding or keeping a job over the past few years. It's an experience that often leaves people feeling defeated and demoralized. In Weekend Edition Sunday's Working It series, hear audio portraits of people whose daily lives are filled with uncertainty.

Technology
3:00 pm
Sat October 20, 2012

French Tweet Sweep Shows Twitter's Local Struggles

Originally published on Sat October 20, 2012 4:35 pm

Friday, Twitter agreed to pull racist tweets after a French organization threatened to sue. The company has resisted efforts to police its content. But hate speech is illegal in many European countries, and anti-hate groups there are grappling with how to deal with the challenge of social media.

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The Salt
10:03 am
Fri October 19, 2012

Sugar Beet Labor Battles Spill Out Onto The National Stage

Supporters of American Crystal Sugar Co. workers, who have been locked out of the company's sugar beet processing plants since 2011, rally in the North Dakota Capitol.
Dale Wetzel AP

It's not just nutritionists who have a problem with sugar these days, so does organized labor. The AFL-CIO is calling for a boycott of one the country's biggest sugar producers, the American Crystal Sugar Company, based in Moorhead, Minn.

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The Two-Way
8:19 am
Fri October 19, 2012

Sales Of Existing Homes Dipped In September, But Prices Rose

A "sold" sign in San Francisco in August.
Justin Sullivan Getty Images

There was a 1.7 percent drop in sales of existing homes in September from August, the National Association of Realtors says.

But the median selling price compared to one year earlier was up for the seventh month in a row, leading NAR chief economist Lawrence Yun to say "we're experiencing a genuine recovery."

According to NAR:

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Business
4:03 am
Fri October 19, 2012

A Check On U.S. Banks

Originally published on Tue October 23, 2012 11:03 am

Transcript

DAVID GREENE, HOST:

It was four years ago - almost to the day - that American taxpayers bailed out America's big banks, as the nation faced its worst financial crisis in decades. In the past several days, we've been given a look at how the banks are doing - their latest quarterly profit reports.

And to talk about that, we turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal.

Morning, David.

DAVID WESSEL: Good morning.

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Business
4:03 am
Fri October 19, 2012

Starbucks Says It Complies With U.K. Tax Laws

Originally published on Tue October 23, 2012 11:03 am

Transcript

RENEE MONTAGNE, HOST:

And in Britain this week, eyebrows were raised with the revelation that Starbucks has paid almost no corporate tax on its operations in the UK. Starbucks insists it's done nothing wrong.

Vicki Barker reports from London.

(SOUNDBITE OF STARBUCKS AD)

UNIDENTIFIED MAN: That's why at Starbucks we've decided to do things differently.

VICKI BARKER, BYLINE: Since that green mermaid logo first washed up on these shores in 1998, Starbucks-UK has racked up more than four and a half billion dollars in sales, here.

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Business
4:03 am
Fri October 19, 2012

Business News

Originally published on Tue October 23, 2012 11:03 am

Transcript

DAVID GREENE, HOST:

A deal in the eurozone begins NPR's business news today.

(SOUNDBITE OF MUSIC)

GREENE: At a summit in Brussels, the European Union agreed today to create a single overseer for its 6,000-plus banks. The move is seen as an important step in preventing future financial meltdowns. The European Bank will lead these efforts and the new overseer will have the power to intervene in any bank in the 17 eurozone countries.

Business
4:03 am
Fri October 19, 2012

The Last Word In Business

Originally published on Tue October 23, 2012 11:03 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: Ovonics. That's the science of using thin materials to capture the power of the sun. It's named after Stan Ovshinsky, who died on Wednesday at 89 years old.

DAVID GREENE, HOST:

He held hundreds of patents that changed the way we use and gather energy. Ovshinsky never went to college, but that didn't put a damper on his passion for science. His son told the Associated Press that his dad was determined to change the world.

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Business
4:03 am
Fri October 19, 2012

Google's Earnings Released Prematurely, Stock Drops

Originally published on Tue October 23, 2012 11:03 am

Transcript

DAVID GREENE, HOST:

Yesterday was the kind of day executives at Google would probably like to delete. Trading of the Internet giant's shares was temporarily halted after the company's earnings were released accidently and prematurely. What's worse, the numbers were not anything Google would want to show off. The earnings reports showed profits last quarter fell by more than 20 percent. Here's NPR's Steve Henn.

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Business
2:59 am
Fri October 19, 2012

Investors' Funds Are Recovering, But Not Their Nerves

Originally published on Fri October 19, 2012 8:14 am

Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.

On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"

Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back. Within a decade, the stock-price average had nearly quintupled.

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Planet Money
12:53 am
Fri October 19, 2012

The Candidate Is Fake; The Consultants Are Real

One consultant's vision for our political ad: "I see a horse."
iStockphoto.com

Originally published on Wed October 24, 2012 10:31 am

When our series began yesterday, we brought together five economists from across the political spectrum and had them create a platform for their dream presidential candidate. It's a platform β€” Get rid of a tax deduction for homeowners!

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Around the Nation
3:23 pm
Thu October 18, 2012

To Shrink Rents, S.F. Considers Shrinking Apartments

The development firm Panoramic Interests is building about two dozen "micro-apartments" in San Francisco. The company is poised to offer even smaller units if the city approves a proposed new minimum size of 220 square feet.
Artist's Rendering of Smartspace Unit Courtesy of Panoramic Interests

Originally published on Thu October 18, 2012 6:32 pm

In many large cities, like Dallas, Phoenix and even parts of Chicago, $800 a month is enough for a clean one-bedroom apartment, decked out with a living room, washer and dryer β€” and maybe even a pool, in a larger complex.

But if you want to live alone in San Francisco, getting those amenities at that price is practically a pipe dream. With the region's resurgent high-tech industries luring many well-educated, well-paid workers to the Bay Area, the average rent for a studio apartment in the city now runs around $2,000.

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Media
2:59 pm
Thu October 18, 2012

After 80 Years In Print, 'Newsweek' To Go All Digital

Tina Brown, editor-in-chief of Newsweek, announced Thursday that the 80-year-old newsmagazine will publish its final print edition on Dec. 31 and shift to an all-digital format in early 2013.
John Moore Getty Images

Originally published on Thu October 18, 2012 6:00 pm

Newsweek editor Tina Brown announced Thursday she would embrace a fully digital future as she revealed that the magazine's final print edition would be published at the end of the year.

Her announcement was a bow to gravity, as her unique blend of buzz and brio proved incapable of counteracting Newsweek's plummeting circulation and advertising amid an accelerating news cycle. Brown said there would be an unspecified number of layoffs as well.

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Business
2:40 pm
Thu October 18, 2012

Premature Press Release Makes Google Shares Plunge

Originally published on Thu October 18, 2012 6:00 pm

Transcript

MELISSA BLOCK, HOST:

Google's high-flying stock hit some turbulence today. Its shares were down as much as 10 percent before trading was temporarily halted. The drop came after the company's quarterly earnings report was released prematurely, a report that showed Google struggling in the third quarter. NPR's Steve Henn reports.

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The Salt
12:22 pm
Thu October 18, 2012

Evaporated Cane Juice: Sugar In Disguise?

If you look very closely, you'll see "evaporated cane juice" in the ingredients list on this yogurt. A California woman is suing the Chobani yogurt company over its use of the term.
Karen Castillo FarfÑn NPR

Originally published on Thu October 18, 2012 5:08 pm

If you're one of those people who vigilantly checks the ingredient list of the things you buy at the grocery store, you may have already seen this: Some food products now contain something called "evaporated cane juice." It can be found in yogurt, fruit juices and lemonades.

So what exactly is evaporated cane juice? Well, it depends on whom you ask. We spoke with a few folks outside our local grocery store, and many of them were confused. Take a listen:

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