Business

The Two-Way
8:56 pm
Sun July 12, 2015

Nintendo Chief Satoru Iwata Dies At 55

Satoru Iwata, seen here at a press conference in Tokyo in 2009, helped lead Nintendo back to ascendancy in the early 2000s.
Toru Yamanaka AFP/Getty Images

Originally published on Mon July 13, 2015 6:05 am

Satoru Iwata, the president and CEO of Nintendo for more than a decade, has died at the age of 55.

"Nintendo Co., Ltd. deeply regrets to announce that President Satoru Iwata passed away on July 11, 2015 due to a bile duct growth," the video game company announced Sunday night in a very brief statement.

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It's All Politics
5:03 am
Sun July 12, 2015

Power of the Pocketbook: Women Gaining Influence As Campaign Donors

Share of presidential campaign donations from women
Center for Responsive Politics

In 1872, Victoria Claflin Woodhull became the first woman to run for president — before women even had the right to vote.

Campaigning as a member of the Equal Rights Party on a platform of women's suffrage and labor reforms, the election came and went without Woodhull receiving any electoral votes, but Woodhull became the first of a small club of women who have run for the United States' highest office.

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All Tech Considered
3:52 am
Sun July 12, 2015

Now In Theaters, Video Game Tournaments On The Really Big Screen

Tyler Hines (from left), Jaden Bautista, Eric Apfelbaum, and Justin Bautista play Minecraft together for the Super League Gaming event at Regal Cinemas on Monday in New York City. The players were able to build their own creations in Minecraft and battle each other while connected to the large movie theater screen.
Adam Wolffbrandt NPR

Matthew Rearley plays Minecraft every day, sometimes for eight hours at a time, but he's never gamed like this before. In a movie theater full of competitors, the 15-year-old's eyes shift constantly between the computer in his lap and the 50-foot-tall screen in front of him.

"Gaming with other people, it becomes more professional," Rearley says. "The general experience of having the big screen there and sitting in a chair like this — it's a big, big game-changer."

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Business
3:49 pm
Sat July 11, 2015

What's Next For Reddit?

Originally published on Sun July 12, 2015 12:04 pm

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

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Business
3:11 pm
Sat July 11, 2015

The Most Important IPOs Aren't Necessarily The Biggest

Originally published on Mon July 13, 2015 2:24 pm

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

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The Two-Way
2:40 pm
Sat July 11, 2015

Eurozone Talks On Possible Greek Bailout Remain Inconclusive

Originally published on Sat July 11, 2015 4:40 pm

Updated at 6:35 p.m. ET

Eurozone finance ministers met Saturday to decide if they will bail Greece out for a third time since 2010, but the meetings wrapped up with no announced decision. The ministers remain skeptical that Athens would live up to the terms of any fresh agreement.

Talks are scheduled to resume Sunday.

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Economy
8:13 am
Sat July 11, 2015

Stocks Manage To Bounce, But Commodity Prices Are Swooning

The freighter American Mariner discharges its load of iron ore in Cleveland last November. Prices for iron ore and other commodities have plunged amid economic uncertainty in China and Europe.
Mark Duncan AP

Originally published on Sat July 11, 2015 10:46 am

After a nerve-rattling plunge, stocks in Asia, Europe and the United States managed to end the week ahead of where they started.

But not so for industrial commodities. Their prices just keep heading south — creating more worries for miners, but good news for many manufacturers and consumers. The price drops could even help depress interest rates for all sorts of borrowers.

Before considering the impacts, first check out the magnitude of the changes. These are approximate prices, compared with one year ago:

  • Copper: $2.55 a pound, down from $3.27
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The Two-Way
4:26 pm
Fri July 10, 2015

Ellen Pao Out As Reddit CEO

"In my eight months as reddit's CEO, I've seen the good, the bad and the ugly on reddit," Ellen Pao says, in a statement posted to the site. "The good has been off-the-wall inspiring, and the ugly made me doubt humanity."
Robert Galbraith Reuters/Landov

Originally published on Fri July 10, 2015 5:14 pm

Updated at 7:14 p.m. ET

Reddit interim CEO Ellen Pao has resigned from the company in the wake of an insurrection last week in which moderators shut down many of the site's most popular sections following the still-unexplained dismissal of a popular figure in the site's r/IAmA section.

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The Salt
2:30 pm
Fri July 10, 2015

Inside The World's Largest Food Company You've Probably Never Heard Of

Beef carcasses hang in the sales cooler at the JBS beef plant in Greeley, Colo.
Stephanie Paige Ogburn KUNC

Originally published on Sat July 18, 2015 10:46 am

Food companies the world over are paying close attention to the groundswell of support for food transparency, the "know where your food comes from" movement.

JBS, the largest meat producer in the world, is beginning to take notice as well.

But executives with JBS USA, the North American arm of its Brazilian parent company, at the same time acknowledge that the very nature of their business is grisly, gory and sometimes unpalatable.

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The Two-Way
8:09 am
Fri July 10, 2015

Forecast Says Oil Price Could Fall Amid Weak Demand

Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, N.D., last month. The International Energy Agency forecasts a continued drop in oil prices amid overproduction and falling global demand.
Andrew Cullen Reuters/Landov

Originally published on Fri July 10, 2015 11:17 am

Oil prices have further to fall before bottoming out amid a surge in production, mainly by OPEC nations, and a weakening of global demand, according to the International Energy Agency's latest forecast.

In the second quarter of 2015, the world's supply of oil was 96.39 million barrels a day, outstripping demand of 93.13 million barrels a day, according to the IEA's Oil Market Report, which described the world oil market as "massively oversupplied."

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The Two-Way
5:01 am
Fri July 10, 2015

Greek PM Tries To Sell Bailout Proposal At Home While Creditors Review It Abroad

Greece's Prime Minister Alexis Tsipras attends a meeting with lawmakers of Syriza party at the Greek Parliament in Athens on Friday.
Thanassis Stavrakis AP

Originally published on Fri July 10, 2015 7:26 am

Greek Prime Minister Alexis Tsipras was trying to sell a bailout proposal at home on Friday while creditors reviewed the text abroad.

According to The Guardian, Tsipras called a meeting with his ruling coalition in Athens.

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Technology
5:01 am
Fri July 10, 2015

How Small Can They Go? IBM Announces 7 Nanometer Computer Chip

Originally published on Fri July 10, 2015 1:00 pm

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

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Economy
3:39 am
Fri July 10, 2015

U.S. Financial Markets Keep An Eye On Developments In Greece, China

Originally published on Fri July 10, 2015 12:54 pm

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Business
3:25 am
Fri July 10, 2015

Chicago's 'Cloud Tax' Raises The Cost Of Streaming Videos

Chicago is taxing services such as Netflix and Spotify. Some residents wonder if a tax on other Internet services will follow, and others worry the levy will scare away business.
Tang Yau Hoong Getty Images/Ikon Images

Originally published on Fri July 10, 2015 1:15 pm

You wouldn't expect to pay a local tax when you stream a movie on Netflix, but Chicago has decided that such cloud-based services should be taxed just like tickets for live entertainment.

There was no debate or public hearing over the city's "cloud tax" — a 9 percent tax on streaming entertainment like Netflix and Spotify.

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NPR Story
3:06 am
Fri July 10, 2015

Army's Planned Troop Reductions Concern Military Communities

Originally published on Fri July 10, 2015 10:34 am

Copyright 2015 Georgia Public Broadcasting. To see more, visit http://www.gpb.org/.

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NPR Story
3:06 am
Fri July 10, 2015

Greeks Rally In Athens In Support Of The Euro

Originally published on Fri July 10, 2015 1:09 pm

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Shots - Health News
3:03 am
Fri July 10, 2015

Federal Audits Of Medicare Advantage Reveal Widespread Overcharges

Government audits just released as the result of a lawsuit detail widespread billing errors in private Medicare Advantage health plans going back years, including overpayments of thousands of dollars a year for some patients.

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The Record
2:34 am
Fri July 10, 2015

Goodbye, Music Tuesday: Starting Today, Albums Come Out On Friday

A crowd gathers at Hollywood's Amoeba Music for a free weekday concert in 2007. A new shift to Friday album releases could spell logistical trouble for independent record stores like this one.
Robyn Beck AFP/Getty Images

Originally published on Fri July 10, 2015 1:40 pm

If you didn't find any new albums on iTunes or in your local music store earlier this week, it's because beginning July 10, new music around the world is being released on Fridays.

For more than 25 years, Tuesday has been the standard release day for new albums in America — a tradition Keith Caulfield, co-director of charts at Billboard, says had a lot to do with shipping in the pre-digital era.

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Economy
4:26 pm
Thu July 9, 2015

Trading Suspension Highlights New York Stock Exchange's Shrinking Influence

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Parallels
2:58 pm
Thu July 9, 2015

Their Country In Turmoil, Some Greeks Now Lash Out At Each Other

The economic crisis in Greece has divided the country. Here, a pro-euro demonstrator shouts slogans as he holds a European Union flag in front of the Greek Parliament during a rally in Athens on Thursday.
Petros Karadjias AP

Originally published on Fri July 10, 2015 5:07 am

Konstantinos Koutsantonis is 22, a university student who works as a delivery boy to make some extra cash. He considers himself a conservative. He voted "yes" for a bailout deal in last Sunday's referendum because he believes Greece can only reform its economy within the eurozone.

"Some days ago," he says, "when the crisis really exploded and everyone was talking about the referendum and the political news, I had to express my opinion."

He complained on Facebook that the referendum was a bad move because it could be perceived as anti-European.

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The Two-Way
1:01 pm
Thu July 9, 2015

NYSE Says Software Update To Blame For Trading Halt

Originally published on Thu July 9, 2015 3:17 pm

The New York Stock Exchange says a planned software update caused Wednesday's system shutdown that halted trading for more than 3.5 hours.

In a statement, the NYSE says its problems began Tuesday night with the rollout of a software release. The exchange says that as customers began connecting after 7 a.m. ET on Wednesday, "there were communication issues between customer gateways and the trading unit with the new release."

Still with us?

The NYSE says it turns out the gateways were "not loaded with the proper configuration compatible with the new release."

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The Two-Way
9:52 am
Thu July 9, 2015

Dismissed Reddit Figure Victoria Taylor Breaks Silence

Screengrab from Reddit

Originally published on Thu July 9, 2015 11:02 am

Victoria Taylor, famous for her role in Reddit's popular r/IAmA section, has broken the silence over her dismissal that prompted an insurrection last week in which moderators shut down many of the site's most popular sections.

Posting on Reddit, Taylor thanked those who rallied to her defense, calling the response "extraordinary."

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The Two-Way
8:52 am
Thu July 9, 2015

New Hosts To Join NPR's 'All Things Considered'

All Things Considered, NPR's flagship evening news program, is expanding its lineup of hosts: Ari Shapiro and Kelly McEvers will join veterans Robert Siegel and Audie Cornish on weekdays, and Michel Martin will become the new host of the weekend show.

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The Two-Way
6:38 am
Thu July 9, 2015

Greek Government Hands European Creditors New Bailout Proposals

Originally published on Thu July 9, 2015 2:50 pm

(This post was last updated at 4:48 p.m. ET.)

Just before the end of the day Thursday in Athens, the Greek government handed its European creditors a new bailout proposal.

A spokesman for Eurogroup President Jeroen Dijsselbloem tweeted that Greece's creditors would now consider the proposal.

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Business
3:05 am
Thu July 9, 2015

NYSE Tech Failure Underscores Vulnerability Of Financial Markets

Originally published on Thu July 9, 2015 3:47 pm

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

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Goats and Soda
3:04 am
Thu July 9, 2015

Who's Still Poor? Who's Made It To Middle Income? Pew Has New Data

Alyson Hurt NPR

Originally published on Thu July 9, 2015 11:54 am

Over the last decade, economic growth lifted almost a billion people around the world out of extreme poverty. Unfortunately, it didn't lift them very far.

A rising economic tide has been concentrated in just a few regions of the world, and it's failed to raise many people into the middle class.

By U.S. standards, most of the world remains terribly poor.

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Pop Culture
3:04 am
Thu July 9, 2015

As Plus-Size Fashion Gains Popularity, Retailers Play Catch-Up

Plus-size women have struggled in the past to find fashionable clothing options. But, with celebrities bringing plus size to the forefront, the fashion industry might wake up.
Mary McLain NPR

Originally published on Thu July 9, 2015 8:30 am

If you're a woman of a certain size, shopping for clothes can be a downer. Even though the average American woman is around a size 14, most department store racks are devoted to smaller bodies.

But that could be changing.

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Economy
3:04 am
Thu July 9, 2015

Could Greece's Debt Crisis Become Merkel's Worst Political Failure?

Originally published on Fri July 10, 2015 4:07 pm

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

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U.S.
3:04 am
Thu July 9, 2015

Kansas Lawsuit Settlement Sets Standard For Gun Seller Liability

Elizabeth Shirley's lawsuit, which resulted in a settlement for $132,000, could send a message to gun dealers across the country. But for now, the precedent will only have weight in Kansas.
Ethan Miller Getty Images

Originally published on Thu July 9, 2015 12:09 pm

Each year, convicted felons get thousands of weapons from licensed gun dealers. They skirt the mandatory background checks by having people who do qualify fill out the paperwork for them.

Now, the settlement of a lawsuit over a tragic murder-suicide in Kansas has made it easier to sue gun dealers who allow these "straw purchases" with a wink and a nod.

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Shots - Health News
2:19 am
Thu July 9, 2015

An Explicit Contract Makes Surrogacy Viable For An Oregon Woman

Mardi Palan, a hair stylist in Portland, Ore., is hoping to become a surrogate for a couple from Israel.
Kristian Foden-Vencil/OPB

Originally published on Fri July 10, 2015 6:02 am

Over the last few years, Oregon has quietly become something of a center for women willing to carry children for those unable to get pregnant. There are several reasons for that: lenient laws, a critical mass of successful fertility clinics and a system for amending a birth certificate pre-birth.

But surrogacy arrangements are often informal agreements and they can go wrong. A surrogate may face unexpected medical bills, or the intended parents may change their mind.

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