Business

Media
11:36 pm
Wed September 11, 2013

Tina Brown To Leave The Daily Beast

The Daily Beast editor-in-chief Tina Brown plans to leave the website to produce live forums on news topics.
Nicholas Kamm AFP/Getty Images

Originally published on Thu September 12, 2013 7:41 am

Celebrity editor Tina Brown announced Wednesday that she's leaving The Daily Beast to launch her own media company. She has been a regular guest on Morning Edition. Brown, 59, plans to produce live forums on news topics.

Brown has edited some of the most prestigious publications: Vanity Fair, The New Yorker and Tattler. Five years ago, she helped found The Daily Beast — a news and opinion website. Now, the editor-in-chief says she's leaving to do what she calls "theatrical journalism" before live audiences.

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All Tech Considered
4:16 pm
Wed September 11, 2013

Coming Soon: A Jolt Of Caffeine You Can Spray On Your Skin

Sprayable Energy will be on sale in November, says its creator, Ben Yu.
Courtesy of Sprayable Energy

In our "Weekly Innovation" blog series, we explore an interesting idea, design or product that you may not have heard of yet. Do you have an innovation to share? Use this quick form.

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The Salt
3:25 pm
Wed September 11, 2013

Pets Or Livestock? A Moral Divide Over Horse Slaughter

Jamesport has the largest Amish community in Missouri, and horse-pulled buggies are often parked alongside cars. Horse owners in the state are divided over whether to allow horses to be killed for meat in the U.S.
Frank Morris for NPR

Originally published on Wed September 11, 2013 5:30 pm

Few Americans eat horse meat, and many don't like the idea of slaughtering horses. But a handful of investors are struggling to restart the horse-slaughter industry in the U.S.

Thousands of American horses are already slaughtered in Mexico and Canada each year for their meat, which gets shipped to European and Asian markets.

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Economy
3:13 pm
Wed September 11, 2013

Five Years Later, Lehman Brothers Fall Still Stings

Originally published on Wed September 11, 2013 3:59 pm

Sept. 15 is the anniversary of collapse of Lehman Brothers, which many see as a watershed moment in the financial crisis. We look back at a time when fear and uncertainty gripped financial markets and policymakers around the world and drove the world economy into the Great Recession.

Business
3:13 pm
Wed September 11, 2013

Verizon Makes Blockbuster Bond Sale To Buy Vodafone

Originally published on Wed September 11, 2013 3:59 pm

Transcript

AUDIE CORNISH, HOST:

Wall Street is buzzing about Verizon today. The telecommunications giant carried out the biggest sale in the history of the bond market, $49 billion worth of corporate bonds. Verizon will use the money to finance its recent mega deal with Vodafone.

As NPR's Jim Zarroli reports, the sale comes at a time when interest rates are rising. And companies that want to raise money can't afford to lose any time.

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All Tech Considered
3:13 pm
Wed September 11, 2013

Sexism In The Tech Industry Takes Center Stage

TechCrunch's Disrupt 2012 conference in San Francisco. This year, two hackathon presentations ignited a firestorm.
Max Morse Getty Images

Originally published on Wed September 11, 2013 3:59 pm

For women struggling to make inroads in the male-dominated tech industry, a few stunning situations this week have provided some extreme examples of what they're up against.

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All Tech Considered
12:01 pm
Wed September 11, 2013

Court Decision Means Another Look At Google Street View Case

An employee drives a Google Maps Street View car around Palo Alto, Calif. The U.S. Court of Appeals in San Francisco said Tuesday that Google went far beyond listening to accessible radio communication when it drew information from inside people's homes.
Paul Sakuma AP

Originally published on Wed September 11, 2013 2:20 pm

The U.S. Appeals Court in San Francisco refused Tuesday to dismiss a lawsuit that accuses Google of violating federal wiretapping laws by collecting emails and data about people's Web surfing habits as the company's Street View cars crisscrossed the world.

Millions of people use unencrypted wireless networks in their homes to access the Internet. The lawsuit alleges Google's Street View cars were listening in to those digital conversations and making recordings of the traffic in violation of federal law.

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The Two-Way
11:13 am
Wed September 11, 2013

Chinese Premier Says Foreign Companies To Get 'Equal Treatment'

Chinese Premier Li Keqiang (right) listens to Singapore's Prime Minister Lee Hsien Loong during a meeting last month.
How Hwee Young AP

Originally published on Wed September 11, 2013 1:25 pm

Chinese Premier Li Keqiang has pledged to treat foreign multinational companies on a par with the country's own state-owned enterprises, but he warned that an economic rebound remains fragile.

Li, speaking at a business forum in the northeastern city of Dalian on Wednesday, cautioned that the global economic outlook was a "complex situation" and outlined a series of steps designed to keep the country on a moderate but sustainable growth path.

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Business
10:29 am
Wed September 11, 2013

Maybe 'Muddling Through' Isn't That Bad For The Economy

Originally published on Wed September 11, 2013 3:15 pm

When the global financial system started to collapse five years ago, leaders from the Treasury Department, Congress and the Federal Reserve jumped up and started running.

Like men on a burning wooden bridge, they raced along, making crazy-fast decisions. They seized Fannie Mae and Freddie Mac, bailed out big banks, saved automakers, slashed interest rates and funded a massive infrastructure-building project to stimulate growth.

But that was then.

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The Two-Way
9:21 am
Wed September 11, 2013

If Verizon Sells A Record $49B In Bonds, Are Good Times Ahead?

Originally published on Wed September 11, 2013 10:22 am

The number is stunning:

"Verizon Communications could be taking on nearly $50 billion in new debt in a massive bond sale to help the telecom giant pay for its $130 billion acquisition of Verizon Wireless shares," writes USA Today.

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Business
2:55 am
Wed September 11, 2013

Price Of New iPhone May Be Too Expensive For China Market

Originally published on Wed September 11, 2013 5:54 am

In a sign of China's growing importance as a market for Apple, the company will be rolling out its new iPhones simultaneously in the U.S. and China for the first time later this month. There are a few signs, however, that the new models will not find the sort of frenzied demand as before.

Business
2:55 am
Wed September 11, 2013

Dow Jones Changes Up Index

Originally published on Wed September 11, 2013 5:54 am

The Dow Jones Industrial Average is swapping out three of its blue chip companies, in what's being called the biggest shake up of the index in almost a decade. Standard & Poor's announced it's dropping Hewlett Packard, Alcoa and Bank of America at the end of next week. Sliding into their places: Visa, Nike and Goldman Sachs.

Around the Nation
2:55 am
Wed September 11, 2013

Good Work Comes Out Of The Sept. 11 Tragedies

Originally published on Wed September 11, 2013 5:54 am

Today marks the 12th anniversary of the Sept. 11 attacks. Over the last several years, a group of family members have created a movement to turn the anniversary into a national day of service. This year more than 30 million people will be involved, and they claim it's the largest day of service in the country.

Author Interviews
2:55 am
Wed September 11, 2013

Hitting Terrorists Where It Hurts: Their Wallet

Originally published on Wed September 11, 2013 5:54 am

Since Sept. 11, one of the most effective ways the United States has found to weaken terrorist groups has been to go after their finances. Renee Montagne talks to former Treasury official Juan Zarate, who's new book is: Treasury's War: The Unleashing of a New Era of Financial Warfare.

Business
2:55 am
Wed September 11, 2013

World's Largest Ferris Wheel Will Be In Las Vegas

Originally published on Wed September 11, 2013 5:54 am

Las Vegas is adding an eye-catching tourist attraction, in the form of a huge wheel that can take more than 1,000 people on a ride 550 feet into the sky over the city's famed Strip. The main construction of the wheel, called the High Roller, is nearly finished; it is expected to open in early 2014.

NPR Story
2:26 am
Wed September 11, 2013

Getting College Credit For What You Already Know

Originally published on Wed September 11, 2013 5:54 am

Transcript

STEVE INSKEEP, HOST:

OK. Maybe you're one of the millions of Americans who attended college but never had a chance to finish. And you have dozens or scores or hundreds of credits just sitting there that don't quite add up to a degree. The University of Wisconsin system has introduced an alternative way to finish your degree by earning credits based on what you already know. It's the so-called Flex Option.

RENEE MONTAGNE, HOST:

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Planet Money
1:25 am
Wed September 11, 2013

Why Women (Like Me) Choose Lower-Paying Jobs

Share of women in most lucrative majors
Quoctrung Bui/NPR Anthony Carnevale

Originally published on Wed September 11, 2013 9:01 am

The other day, I was interviewing an economist who studies the effect college majors have on peoples' income. He was telling me that women often make decisions that lead them to earn less than they otherwise might.

Women are overrepresented among majors that don't pay very well (psychology, art, comparative literature), and underrepresented in lots of lucrative majors (most fields in engineering).

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All Tech Considered
4:11 pm
Tue September 10, 2013

Key To Unlocking Your Phone? Give It The Finger(print)

Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about fingerprint security features of the new iPhone 5s Tuesday in Cupertino, Calif.
Justin Sullivan Getty Images

Originally published on Wed September 11, 2013 5:54 am

The first note I sent out after Apple announced it was including a fingerprint scanner in the new iPhone 5s was to Charlie Miller.

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Technology
4:05 pm
Tue September 10, 2013

Apple Hopes New iPhone Will Help It Compete In Developing World

Originally published on Mon September 16, 2013 1:22 pm

Transcript

ROBERT SIEGEL, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Apple unveiled two new phones today. One of them, the iPhone 5C, is a lower-priced phone aimed at customers in the developing world. The other, a high-end model, comes with a fingerprint scanner called Touch ID. Now, the unveiling comes as the company faces pressure on several fronts - from rival phone makers, and from Wall Street investors clamoring for breakthrough products.

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The Two-Way
4:02 pm
Tue September 10, 2013

Study Says America's Income Gap Widest Since Great Depression

John Moore Getty Images

The gap between the 1 percent and the 99 percent is growing, according to an analysis of IRS figures by an international group of university economists, and it hasn't been so wide since 1928.

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The Salt
3:44 pm
Tue September 10, 2013

Small Plates To Join Olive Garden's Never-Ending Bowls

Olive Garden's chicken scampi dish is on the regular carb-heavy menu.
AnneCN Flickr

Originally published on Wed September 11, 2013 7:39 am

Should you want to super-size your meal (and boost your social status in the process), plenty of American restaurant chains would be more than happy to have you dine with them. Olive Garden, for one, is currently in the middle of a "Never Ending Pasta Bowl" promotion. According to the chain's Twitter feed, it has served more than 5.3 million bowls of "unlimited" pasta with soup and salad for $9.99 since Aug. 5.

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The Two-Way
12:46 pm
Tue September 10, 2013

Apple Unveils New iPhones — One Innovative, One Cheap

Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about pricing for the new iPhone during an Apple product announcement on Tuesday.
Justin Sullivan Getty Images

Originally published on Tue September 10, 2013 1:40 pm

Apple unveiled its replacement for the iPhone 5 — one for the top end of the market that features an innovative new fingerprint security device, a faster processor and longer battery life; and a second budget phone that will retail for as low as $99.

CEO Tim Cook was joined by other Apple executives at the Cupertino, Calif., headquarters for the long-anticipated and hyped announcement of the iPhone 5s and iPhone 5c.

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The Two-Way
12:00 pm
Tue September 10, 2013

Used-Car Impresario Cal Worthington Dies At Age 92

Cal Worthington, who was a bomber pilot during World War II, flew his own private plane later in life.
Carrie Kahn NPR

Originally published on Tue September 10, 2013 3:21 pm

Cal Worthington, a man whose used-car ads rose to the level of a cultural phenomenon, died Sunday at age 92. He was a fixture on televisions in California for decades, with zany sales pitches that drew both customers and fame.

"I will stand upon my head to beat all deals," was Worthington's slogan, "until my ears are turning red."

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Parallels
10:09 am
Tue September 10, 2013

Is The iPhone Losing Out In The Chinese Market?

A woman looks at her phone in front of the Apple store in Shanghai. Apple unveiled a cheaper version of the iPhone on Tuesday.
Aly Song Reuters /Landov

Originally published on Tue September 10, 2013 11:29 am

Earlier this year, Apple CEO Tim Cook was talking about the relatively poor sales of his products in China.

"In the arc of time, China is a huge opportunity for Apple and I don't get discouraged over a 90-day kind of cycle," he said while discussing his company's third-quarter results.

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All Tech Considered
9:36 am
Tue September 10, 2013

Gotta Be Honest, We're Not That Geeked About Apple's Reveal

Apple is expected to unveil new iPhones on Tuesday.
Spencer Platt Getty Images

Originally published on Tue September 10, 2013 12:48 pm

Leaks to tech industry sites give us a sense of what to expect from Apple's coming product announcement: Not one, but two new iPhone models. One will be more affordable, to reach international markets. The other, which we believe will be called the iPhone 5S, will come in gold or champagne colors.

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The Two-Way
8:31 am
Tue September 10, 2013

Alcoa's Out & Nike's In As Dow Industrials Gets A Facelift

The Nike "swoosh" on a store in Orlando, Fla.
Getty Images

Originally published on Tue September 10, 2013 9:36 am

There aren't many better signs of how much the U.S. economy has changed in recent decades or how some companies are faring than this news:

Alcoa, Hewlett-Packard and Bank of America are being dropped from the Dow Jones Industrial Average in favor of Nike, Visa and Goldman Sachs.

The changes take effect when trading opens on Sept. 23.

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The Two-Way
7:40 am
Tue September 10, 2013

World's Largest Ferris Wheel Takes Shape In Las Vegas

The 55-story High Roller, which will be the world's largest Ferris wheel, is scheduled to open in early 2014.
Isaac Brekken AP

Originally published on Tue September 10, 2013 3:41 pm

Las Vegas is adding an eye-catching tourist attraction, in the form of a huge wheel that can take more than 1,000 people on a ride 550 feet into the sky over the city's famed Strip. The main construction of the wheel, called the High Roller, is nearly finished; it is expected to open in early 2014.

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Business
3:11 am
Tue September 10, 2013

Verizon Creates Shock Waves With Planned Debt Sale

Originally published on Tue September 10, 2013 5:08 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with some excitement in the bond market.

(SOUNDBITE OF THEME MUSIC)

INSKEEP: You want to buy something, you may have to borrow. Verizon is creating shock waves with a planned sale of debt. This telecommunications giant is expected to try to raise $20 billion or more tomorrow in what would be the largest sale of its kind. Those bonds would help fund the company's buyout of Vodafone, which owns nearly half Verizon's wireless division. Transcript provided by NPR, Copyright NPR.

Business
3:11 am
Tue September 10, 2013

Neiman Marcus Sells For $6 Billion

Originally published on Tue September 10, 2013 5:08 am

Transcript

RENEE MONTAGNE, HOST:

And we reported yesterday that Neiman Marcus was in the final stages of closing a big deal. Now the deal is done. The upscale retailer has just made its biggest sale ever - itself. The price: $6 billion. The buyers - the Canada Pension Plan Investment Board and a U.S. private equity group.

NPR's Wendy Kaufman reports.

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Business
3:11 am
Tue September 10, 2013

Remembering Car Salesman Cal Worthington

Originally published on Wed September 11, 2013 6:43 am

Transcript

RENEE MONTAGNE, HOST:

And for today's last word in business, let's take a moment to remember one of the nation's most colorful car salesmen. Cal Worthington built an empire from West Coast car dealerships, and became a TV fixture thanks to his ads, which began running in the 1970s.

(SOUNDBITE OF MUSIC)

(SOUNDBITE OF CAL WORTHINGTON AD)

UNIDENTIFIED WOMAN: Here's Cal Worthington and his dog, Spot.

UNIDENTIFIED GROUP: (Singing) If you need a better car, go to Cal. For the better deal by car, go to Cal...

STEVE INSKEEP, HOST:

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