Business news

An audit has found serious violations of Chinese labor laws at some factories that supply parts for Apple products. Robert Siegel speaks with Auret van Heerden, CEO of the Fair Labor Association, about his organization's report on several Foxconn sites in China.



NPR's business news starts with BlackBerry backpedaling.

Research in Motion, the maker of the BlackBerry smartphone, says it's turning its focus back to corporate customers. This follows its failure to break into consumer markets dominated by iPhones and androids. Last quarter, the company lost $125 million. Analysts say BlackBerry's main problem is its trouble running third-party applications. Transcript provided by NPR, Copyright NPR.

President Obama is expected to sign another stopgap funding bill that avoids a weekend shutdown of thousands of transportation construction projects. The measure gives a 90-day funding extension for road, bridge and rail construction projects.

Best Buy Rethinks Big-Box Model

Mar 30, 2012

Best Buy is trying to wriggle out of the big box. The electronics retailer has a lot of real estate in its giant blue stores, but it isn't profitable space: In its most recent quarter, the company reported a $1.7 billion loss. So it's shedding stores and workers — and rethinking its big-box concept.



And today's last word in business is, can you eat that?

You've heard of mystery meats, right? Well, how about mystery powders - courtesy of the ever-innovative food industry?

NPR science correspondent Allison Aubrey asked me to come up and have a sneak peek at what she's cooking up for Monday's MORNING EDITION.


GREENE: Allison Aubrey, you always get me into trouble somehow. Why am I up here at your desk?

ALLISON AUBREY, BYLINE: Anything standing out here?



Apple has been under scrutiny for working conditions in factories in China, factories that make its iPhones and iPads. And it responded by enlisting a workers' rights group. Now, the Fair Labor Association has released its audit of Apple's largest supplier, Foxconn. It found more than 50 violations of both its code of conduct and Chinese labor laws, at three Foxconn factories. NPR's Steve Henn reports.

This is the first story in a Planet Money series on money in politics. We'll have more this afternoon on All Things Considered, and this weekend on This American Life.

We think of lawmakers having one job: making laws. But there's a second job most lawmakers have to do. And it's a big job.

A new law has many technology entrepreneurs excited. The Jobs Act — which passed the House earlier this week and is awaiting President Obama's signature — will make it easier for new businesses to raise money. But many are concerned it will also open the floodgates to a new wave of financial fraud.

Nationwide Strike Begins In Spain

Mar 29, 2012

The strike is targeting the transportation sector, and it's possible that air travel will be shut down almost completely. Union members are protesting a major labor overhaul bill that's being pushed by the conservative government.

EU Deal Expected To Lower Mobile Roaming Fees

Mar 29, 2012

European officials have agreed to overhaul mobile roaming fees. That would allow consumers to pay less for calls, texts and mobile web services when traveling abroad. Consumer advocates are urging the EU to go further, and eliminate roaming fees altogether.

Las Cruces – Every Monday, Fred Martino speaks with Las Cruces Sun News Business Editor Brook Stockberger.

Las Cruces – Fred Martino speaks with Las Cruces Sun News Business Editor Brook Stockberger every Monday at 7:51am on Morning Edition.