Business

Technology
2:33 pm
Mon August 13, 2012

Drones Drifting Into Markets Outside War Zones

Originally published on Mon August 13, 2012 4:09 pm

Transcript

AUDIE CORNISH, HOST:

Hundreds of UAVs - unmanned aerial vehicles - invaded Las Vegas last week. Not to worry - they were all safely contained in a convention center, as part of a meeting of drone manufacturers. As NPR's Larry Abramson reports, the industry is marketing small, inexpensive drones in an effort to open up a new market away from war zones.

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The Two-Way
1:17 pm
Mon August 13, 2012

Hog Prices Rise On Word That Feds Will Buy Pork In Bid To Help Farmers

Hogs at a farm in Elma, Iowa (2009 file photo).
Scott Olson Getty Images

President Obama not coincidentally chose Iowa today as the backdrop for his announcement that the federal government is buying $170 million worth of pork, chicken, lamb and catfish to help producers who've been hit hard by drought-related increases in feed costs and by soft prices because of overproduction.

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Television
9:56 am
Mon August 13, 2012

Hardcore Job Program Helps Unlikely 'Get To Work'

Transcript

JACKI LYDEN, HOST:

This is TELL ME MORE from NPR News. I'm Jacki Lyden. Michel Martin is away. Coming up, we get the cross-cultural flavor of New Orleans music with writer and radio host, Gwen Thompkins. She talks to songwriters, musicians and producers in Louisiana for her program, Music Inside Out, and she shares their stories with us in just a few more minutes.

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The Two-Way
5:46 am
Mon August 13, 2012

Google Cutting 4,000 Jobs At Motorola; 1,300 Of Them Are In U.S.

Motorola's Droid Razr Maxx.
David Becker Getty Images

Google is eliminating about 20 percent of the jobs at Motorola Mobility, the struggling cellphone manufacturer it finished acquiring earlier this year for $12.5 billion, according to reports from The New York Times, Dow Jones' All Things Digital blog and other news outlets.

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Business
4:59 am
Mon August 13, 2012

Canadians Overrun Bellingham, Wash., Costco

Originally published on Mon August 13, 2012 5:00 am

Transcript

DAVID GREENE, HOST:

Business
2:23 am
Mon August 13, 2012

Business News

Originally published on Mon August 13, 2012 3:52 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with a spike in gas prices.

Gasoline prices jumped 18 cents over the last couple of weeks. That's the biggest increase so far this year. The Lundberg Survey shows that heading into the weekend, the national average price of a gallon of self-serve was $3.69. Now, analysts say the spike is in part because of some refinery and pipeline issues around the country.

Business
2:23 am
Mon August 13, 2012

The Last Word In Business

Originally published on Mon August 13, 2012 4:26 am

Researchers used economic principles to predict which countries would win the most medals at the London Olympic Games. The study was 95 percent accurate for the 2008 games. And this time around, it was 97.7 percent accurate.

Business
2:23 am
Mon August 13, 2012

Consumer Bureau Targets Improper Floreclosures

Originally published on Mon August 13, 2012 3:53 pm

Transcript

GREG ALLEN, BYLINE: Now Florida is among the states that were hardest-hit by the housing crisis, and foreclosures remain a big problem there and in several other parts of the country.

DAVID GREENE, HOST:

One thing the government has been struggling with is how to stop banks from foreclosing on people improperly. The government is also trying to figure out more quickly help homeowners who qualify for reduced interest rates.

A federal regulator has released new rules aimed at doing both, and NPR's Chris Arnold has more.

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Europe
1:29 am
Mon August 13, 2012

Poland Watches Warily As Euro Crisis Spreads

One of the latest additions to Poland's growing luxury goods market, the Wolf Bracka department store, beckons shoppers in the heart of the Polish capital, Warsaw. The country's economy continues to grow, but Poles are anxiously watching the crisis in the eurozone.
Czarek Sokolowski AP

Originally published on Mon August 13, 2012 6:51 pm

One factor that has kept Poland somewhat insulated from the eurozone crisis is domestic consumer spending. Poland had more than 4 percent growth last year while the rest of the continent was mired in negative or flat growth. Poles have more discretionary income than ever before, and they're using it to buy things in swank malls cropping up all over the country.

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Around the Nation
3:51 am
Sun August 12, 2012

Maine Lobstermen Give Farming Sea Scallops A Try

As lobster prices plunge, scallops offer fishermen an alternative to make money.
Levi Bridges for NPR

Originally published on Tue August 14, 2012 11:57 am

If you don't love scallops, you probably just haven't had one that's cooked properly. That is, pan fried with some garlic and butter and herbs. They are very tasty.

In Maine, scientists and fishermen are learning how to farm, instead of catching, these tasty sea critters. That could be good for business and the environment.

Out on the water off Stonington, Maine, Marsden Brewer is motoring his lobster boat through the crowded fishing harbor. Today, just about all the boats here are lobster boats. But 30 years ago, he says, it was a different story.

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Economy
3:51 am
Sun August 12, 2012

Taking A 'Doomy' Look At The Economy

Originally published on Sun August 12, 2012 7:40 am

Transcript

LINDA WERTHEIMER, HOST:

And now another gloomy financial message. Nouriel Roubini is a New York University professor and former economic advisor to the Clinton administration. And he has the nickname Dr. Doom. Roubini is next in our series of conversations with topnotch economists. But unlike some of his colleagues, he does not claim to have a crystal ball; he makes warnings, not predictions. Nouriel Roubini joins us from New York.

Welcome. So why do they call you Dr. Doom?

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Your Money
3:51 am
Sun August 12, 2012

Some Small Investors Still Wary Of Betting On Wall St.

Traders prepare for the start of early trading at the New York Stock Exchange. Some say there's been a loss of faith in the stock market's return on investment over the last 15 years.
Bebeto Matthews AP

Originally published on Mon August 13, 2012 3:55 pm

Ten years ago, Andres Cortez, a chauffeur in Los Angeles, might have been part of the hordes of people dabbling in day trading or haunting the online stock forums. He might have been bragging to his friends about the money he made in tech stocks, or learning how to margin trade at a night school.

Instead, he keeps his distance from stocks.

As he stands by his car and waits for a passenger downtown, Cortez says he has a little money he's put aside and is keeping it in a savings account, where it earns virtually nothing.

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Planet Money
12:05 pm
Fri August 10, 2012

How A Pasta Factory Got People To Show Up For Work

Robert Smith NPR

Originally published on Mon August 13, 2012 8:06 am

Zoe Chace and Robert Smith are reporting from European borders this week. This story is about the unofficial border within one country — the border that divides northern and southern Italy. This is the fourth story in a four-part series.

A decade ago, the Barilla pasta factory in Foggia, Italy, had a big problem with people skipping work. The absentee rate was around 10 percent.

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The Salt
12:02 pm
Fri August 10, 2012

Consumer Group Files Suit Against Sweetener For Claiming It's 'Essential'

Spenda Essentials
NPR

Originally published on Mon October 15, 2012 9:06 am

Ok guys, reality check here: Nutella is not really a health food, POM Wonderful may be wonderful, but it doesn't necessarily prevent heart disease and... eating Splenda Essentials doesn't single-handedly make the pounds drop off.

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The Torch
11:24 am
Fri August 10, 2012

Year Of The Woman At The London Games? For Americans, It's True

The U.S. women's soccer team won gold Thursday, in a victory that also kept the American women far ahead of the men in the number of medals won at the London Games: 100 to 59.
Martin Bernetti AFP/Getty Images

Originally published on Fri August 10, 2012 4:27 pm

Every nation that sent a delegation to the London Games sent at least one female athlete — a first for the Olympics. This year's Team USA has more female than male athletes — and the women have won nearly twice as many medals: 100 total medals, by my count, to 59 for the men.

So yes, it looks like this is the Year of the Woman at the Olympics, particularly for the United States.

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The Two-Way
10:14 am
Fri August 10, 2012

FTC Finalizes Privacy Settlement With Facebook

Facebook CEO Mark Zuckerberg talks about history of Facebook during the f/8 conference in San Francisco.
Paul Sakuma AP

Originally published on Fri August 10, 2012 10:20 am

The Federal Trade Commission has finalized a settlement with Facebook in which the social media leader agrees to get users' approval before making any privacy changes and agrees to periodic third-party audits for the next 20 years on how it handles user privacy.

We told you about this settlement back in November, but today, Reuters reports, after a period of public comment, the settlement has become official.

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The Two-Way
8:45 am
Fri August 10, 2012

Consumer Bureau Moves To Make Mortgages Clearer, Foreclosures Fewer

A "bank owned" sign in front of a home in Miami last October.
Joe Raedle Getty Images

Saying it wants "to protect homeowners from surprises and costly mistakes by their mortgage servicers," the Consumer Financial Protection Bureau today proposed new rules it believes would make the home loan process simpler and give struggling homeowners more of a chance to avoid foreclosures.

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Around the Nation
3:50 am
Fri August 10, 2012

Motorcycle Fans Ride To Sturgis, S.D., For Rally

Originally published on Fri August 10, 2012 4:28 am

Transcript

STEVE INSKEEP, HOST:

Oh, the famed Sturgis motorcycle rally is wrapping up its 72nd year in South Dakota this weekend. And as the rally ages, so do many of the riders. NPR's Amy Walters was there with some rally old-timers - rally old-timers - checking out what's new on three wheels.

(SOUNDBITE OF MOTORCYCLE ENGINE)

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Business
2:43 am
Fri August 10, 2012

Goldman Sachs Won't Be Prosecuted In Fraud Probe

Originally published on Fri August 10, 2012 4:28 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a Justice decision.

(SOUNDBITE OF MUSIC)

Business
2:43 am
Fri August 10, 2012

The Last Word In Business

Originally published on Fri August 10, 2012 4:28 am

Denny's Corp. is opening a flagship restaurant in downtown Las Vegas. It will take up 6,400 square feet and include a full bar and wedding chapel. And of course, it will be open 24-7.

Business
1:23 am
Fri August 10, 2012

Why Evading U.S. Rules May 'Tempt' Foreign Banks

Police leave the Standard Chartered Bank's offices Tuesday in London. The bank has been accused of making billions of dollars' worth of transactions with the Iranian regime.
Matthew Lloyd Getty Images

Originally published on Fri August 10, 2012 12:42 pm

The allegations this week against London-based Standard Chartered Bank raise questions, not just about the bank's viability but also about the efficacy of U.S. laws when it comes to foreign banks. Standard Chartered allegedly violated U.S. sanctions against Iran, and regulators said the bank's executives lied to investigators as part of a cover-up.

The case serves as yet another reminder that U.S. regulations, which have strengthened since the Sept. 11, 2001, terrorist attacks, apparently did not deter foreign banks from laundering money through their U.S. operations.

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Planet Money
12:59 am
Fri August 10, 2012

Why Don't More Unemployed Spaniards Get Jobs In Germany?

Jobs ahead.
iStockphoto.com

Originally published on Mon August 13, 2012 9:22 am

Zoe Chace and Robert Smith are reporting from European borders this week. This is the third story in a four-part series.

The eurozone was supposed to create one big labor market by making it easy to cross borders for work.

But Gerhard Wiegelmann, a CEO in Stuttgart, Germany, can't find enough workers to staff his company — even with unemployment in Spain over 20 percent. He's had to turn down projects because he can't hire enough people.

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All Tech Considered
12:38 pm
Thu August 9, 2012

Report From The Drone Convention: Unmanned Vehicles Find New Uses

Brian Bills, a flight operations analyst for Lockheed Martin, demonstrates the Procerus VTOL (vertical takeoff and landing) Flight System — a surveillance drone for commercial, civil and military customers — at the Association of Unmanned Vehicle Systems International conference in Las Vegas. (Watch a demo video.)
Kainaz Amaria NPR

Originally published on Thu August 9, 2012 1:33 pm

Drone makers and robotics manufacturers are looking for — and finding — new uses for devices that were once limited to the worlds of science and the military.

After a decade of explosive growth, thanks largely to the post-Sept. 11 demand from the military for unmanned vehicles, the industry is eagerly awaiting the opening of a new front: the domestic drone market.

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The Salt
12:13 pm
Thu August 9, 2012

Maryland Dairy Farmers Scoop Up A Sweet New Source Of Income

A girl checks out the options at Rocky Point Creamery in Tuscarora, Md., one of seven farms on the state's ice cream trail.
Ebony Bailey NPR

Originally published on Mon October 15, 2012 9:06 am

Some enterprising dairy farmers in rural Maryland have found a new source of income — opening ice cream shops on their farms. This summer, seven of them have come together to form Maryland's Best Ice Cream Trail, the nation's first farm-based ice cream trail. And the results so far seem pretty sweet.

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The Two-Way
10:36 am
Thu August 9, 2012

Google Settles Over Safari Privacy Breach; Will Pay Record $22.5M Fine

Originally published on Thu August 9, 2012 11:05 am

As several news outlets had predicted last month would happen, Google is going to pay $22.5 million — the largest civil penalty the Federal Trade Commission has ever levied — to settle charges that it wasn't straight with users of Apple's Safari browser about how it would track their Web surfing.

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Planet Money
8:51 am
Thu August 9, 2012

Paying For College: Financial Aid In America, In 2 Graphics

Lam Thuy Vo / NPR

Originally published on Thu November 8, 2012 5:40 pm

For more, see our posts The Price Of College Tuition and What America Owes In Student Loans.

Tuition has gone through the roof in the past decade. But so has financial aid.

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The Salt
8:27 am
Thu August 9, 2012

Canning Factories On Wheels Rev Up The Beer 'Canvolution'

Microbrewery Boulder Beer uses Mobile Canning's equipment to pack its brews.
GSL Photo Mobile Canning

Originally published on Thu August 9, 2012 8:52 am

Beer snobs and craft brewers alike have rediscovered beer cans in recent years, defying the old stereotype that quality beer comes only in bottles, or that cans are just for mass market stuff. But for the smallest microbreweries, the question wasn't "can or bottle," it was whether they could afford the equipment and storage space to package their beer at all. Many could not.

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The Two-Way
6:47 am
Thu August 9, 2012

Jobless Claims Dipped Last Week; Still In Range They've Been In All Year

There were 361,000 first-time claims for unemployment insurance last week, the Employment and Training Administration says. That's down 6,000 from the week before (that previous week's total was revised up by 2,000).

Claims have stayed in a range between 350,000 and 400,000 all year. The unemployment rate, meanwhile, has also varied little: it's low this year has been 8.1 percent and the high has been 8.3 percent.

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Business
6:03 am
Thu August 9, 2012

How Other Networks Compete Against Olympic Games

Originally published on Fri August 10, 2012 12:51 pm

Transcript

STEVE INSKEEP, HOST:

NBC's coverage of the London Olympics is a ratings hit - which can present a problem for other networks looking to lure viewers, especially those dedicated to broadcasting sports. John Ourand is a media reporter for Sports Business Daily, and he's been checking to see what else is on.

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Business
6:03 am
Thu August 9, 2012

Retailers Go For Gold By Evoking Olympic Games

More than 20 percent of online retailers have referred to the Olympics in their promotional materials in recent weeks. But unless they're official sponsors, they can't directly use trademarked Olympic symbols or even the word Olympics. So many have had to get creative, using language such as "go for the gold," "podium" or "world-class" to catch the attention of fans.

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