Business

Business
4:03 am
Wed June 5, 2013

Job Market Remains Challenging For 2013 Graduates

Originally published on Wed June 5, 2013 7:52 am

For the past five years, graduation day has been a time of apprehension as much as celebration. Prospects for those entering the workforce for the first time were bleak. The class of 2013 — whether from high school or college — has cause for more optimism than previous classes.

Dollar For Dollar: Adventures In Investing
1:24 am
Wed June 5, 2013

Resisting The Temptation To 'Win' When Investing

Hey mutual fund investors: Think you can beat the market? Charley Ellis, who's worked in investment management for 50 years, doubts it. That's because the fees actively managed funds charge can get expensive.
Richard Drew AP

Originally published on Wed June 5, 2013 6:17 pm

NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.

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The Two-Way
5:13 pm
Tue June 4, 2013

U.S. Trade Body Rules Apple Violated Samsung Patents

The U.S. International Trade Commission ruled Tuesday that Apple infringed on Samsung's patents in its manufacture of some older models of the iPad and iPhone, including the iPhone 4.
Paul Sakuma AP

A U.S. trade agency says Apple infringed on its Asian rival Samsung's patent in its manufacture of some older models of the iPhone and iPad.

Bloomberg reports on the order from the U.S. International Trade Commission: "It's the first patent ruling against Apple in the U.S. that affects product sales, covering models of the iPhone 4, iPhone 3GS, iPhone 3, iPad 3G and iPad 2 3G made for AT&T Inc."

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The Salt
10:40 am
Tue June 4, 2013

In Philly, Lo Mein Is Going Low Sodium

Philadelphia is training owners of Chinese takeout restaurants to cut some of the salt in menu items like lo mein.
Stephen Flood Express-Times/Landov

Originally published on Tue June 4, 2013 10:53 am

Philadelphia is training owners of Chinese takeout restaurants to cut some of the salt in their menu items.

The city is working with about 200 takeout restaurants, providing free cooking lessons and tips on adding flavor without salt. None of the restaurant owners were paid to participate in the program, which offers advice such as how to find suppliers who sell low-sodium ingredients at a reasonable price. Participants are also encouraged to limit the number of soy sauce packets they hand to customers.

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Shots - Health News
10:36 am
Tue June 4, 2013

That Employee Who Smokes Costs The Boss $5,800 A Year

A man smokes outside an office building in New York City in April. Smoking breaks cost employers almost $3,000 per year per smoking employees, a study says.
John Moore Getty Images

Originally published on Wed June 5, 2013 6:42 am

Smoking is expensive, and not just for the person buying the cigs. Employers are taking hard looks at the cost of employing smokers as they try to cut health insurance costs, with some refusing to hire people who say they smoke.

But figures on the cost of smoking have been rough estimates at best, with a very general estimate of $193 billion a year nationwide.

Researchers now say they're got much tighter focus on the number: $5,800 per smoker per year.

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Race
9:43 am
Tue June 4, 2013

What Do We Know About 'African American Lives Today?'

Originally published on Tue June 4, 2013 11:48 am

Transcript

MICHEL MARTIN, HOST:

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Race
9:43 am
Tue June 4, 2013

Is It A Surprise That Single Black Men Are Looking For LTR?

Originally published on Tue June 4, 2013 11:48 am

Transcript

MICHEL MARTIN, HOST:

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Money Coach
9:43 am
Tue June 4, 2013

Why Your Boss Should Update Your 401(k) Plan

Originally published on Tue June 4, 2013 11:48 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. Later in the program, we'll talk about a new poll about attitudes of African-Americans about issues like work, health, and relationships. It turns a lot of what you've been hearing in popular media on its head, so we hope you'll stick around for that conversation.

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The Two-Way
8:19 am
Tue June 4, 2013

Lululemon's Pants Return With 'More Fabric Across The Bum'

Some of the clothes at a Lululemon store in Pasadena, Calif., earlier this year.
Kevork Djansezian Getty Images

See-through pants brought Lululemon (and some of its customers) unwanted attention back in March, as we reported at the time. They were pulled from shelves.

Now the yoga and running clothier says that thanks to "more fabric across the bum" and other design changes, the black pants are coming back to stores this month.

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The Two-Way
7:21 am
Tue June 4, 2013

Another Report Shows Home Prices Taking A Big Jump

A sale pending sign in front of a home in San Francisco on May 28.
Justin Sullivan Getty Images

Originally published on Tue June 4, 2013 8:18 am

One week after the S&P/Case-Shiller indices showed a 10.9 percent jump in U.S. home prices from March 2012 to March 2013 — the biggest year-over-year gain in that data since April 2006 — there's another report showing a similar jump in April.

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Business
3:30 am
Tue June 4, 2013

See-Through Problem Corrected, Lululemon Pants Are Back

Originally published on Tue June 4, 2013 6:10 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is back in black.

The news-making black yoga pants by the label Lululemon are back on store shelves and online. The sportswear company was forced to recall the pants two months ago because they were too sheer.

LINDA WERTHEIMER, HOST:

Lululemon blamed the see-through blunder on a style change and production problems. The retailer hired a new team to make the pants more opaque. The company said the fabric of the new pants has been put through an exhaustive range of tests.

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Business
3:30 am
Tue June 4, 2013

Business News

Originally published on Tue June 4, 2013 6:10 am

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with GM's continued revival.

Four years after being kicked out of the Standard & Poor's 500, General Motors returns to the index this week. The Detroit automaker will rejoin both the S&P 100 and 500 indices this Thursday after the stock market closes. GM replaces H.J. Heinz, which will no longer be a publicly traded company.

Business
3:30 am
Tue June 4, 2013

Once High-Flying Game Company Zynga To Lay Off 520 Workers

Originally published on Tue June 4, 2013 6:10 am

Transcript

LINDA WERTHEIMER, HOST:

Things are not going do well for the online game maker Zynga. The once high-flying gaming company has been struggling and now plans to lay off almost 20 percent of its staff; that's more than 500 employees.

NPR's Wendy Kaufman reports.

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Business
3:30 am
Tue June 4, 2013

Apple: Price-Fixing Charges 'Not True'

Originally published on Tue June 4, 2013 2:29 pm

Transcript

RENEE MONTAGNE, HOST:

Lawyers for Apple will be back in court today, defending the company against government charges that it conspired with publishers to fix eBook prices. All the major publishing houses settled months ago with the Justice Department.

But as NPR's Laura Sydell reports, Apple's lawyer told the court the company won't settle because it did nothing wrong.

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Business
3:30 am
Tue June 4, 2013

Jello Tries Out Edgy Social Media Campaign

Originally published on Tue June 4, 2013 6:10 am

Transcript

LINDA WERTHEIMER, HOST:

Jell-O is jiggling up the Twitter-verse.

NPR's Travis Larchuk reports the wholesome brand has an edgy new social media campaign.

TRAVIS LARCHUK, BYLINE: Jell-O's classic commercials end on these five letters...

(SOUNDBITE OF JINGLE)

UNIDENTIFIED PEOPLE: (Singing) J-E-L-L-O!

LARCHUK: But on Twitter, the company's pared it down to just three letters, F-M-L.

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Parallels
1:27 am
Tue June 4, 2013

High-Tech Sensors Help Old Port City Leap Into Smart Future

The Spanish city of Santander is using a network of sensors to help improve services and save money. Incidents reported to Santander's command-and-control center, where the city manages data from sensors and smartphone reports made by citizens, are plotted on a map of the city.
Courtesy of the University of Cantabria

Originally published on Tue June 4, 2013 11:53 am

Aside from the occasional ferry down from England, the old Spanish port city of Santander doesn't get too many foreign visitors. So imagine the locals' surprise when delegations from Google, Microsoft and the Japanese government all landed there recently, to literally walk the streets.

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Business
2:14 pm
Mon June 3, 2013

Investigation Continues At Troubled Hedge Fund

Originally published on Mon June 3, 2013 4:53 pm

Transcript

AUDIE CORNISH, HOST:

The federal probe of a hugely successful hedge fund may have investors ready to pull out much of their money. SAC Capital is under investigation for insider trading. Several published reports indicate outside investors are worried about that investigation and whether it will touch Steven Cohen, the firm's founder.

NPR's Jim Zarroli reports.

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Business
2:14 pm
Mon June 3, 2013

Apple Gets Day In Court Over Alleged E-Book Price Fixing

Originally published on Thu June 6, 2013 1:52 pm

Transcript

ROBERT SIEGEL, HOST:

Now, in today's ALL TECH CONSIDERED, Apple on trial. The company is in federal court today fighting government charges that it colluded with book publishers to drive up the price of electronic books.

AUDIE CORNISH, HOST:

The Justice Department claims publishers used the introduction of the iPad as an opportunity to set higher prices. Five publishers have already settled civil charges with the government, but Apple has not. Laura Sydell is in New York, covering the first day of the trial. Hi there, Laura.

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The Salt
12:06 pm
Mon June 3, 2013

Sandwich Monday: Dunkin' Donuts Glazed Donut Breakfast Sandwich

We couldn't wait for Dunkin's Glazed Donut Breakfast Sandwich to go national, so we got the raw materials and made our own.
NPR

Originally published on Mon June 3, 2013 12:09 pm

Like all great traditional Boston foods — the Boston Cream Pie, Boston Baked Beans, the Chicago Pizza at the Pizzeria Uno near Fenway — the Glazed Donut Breakfast Sandwich is about to go national. Someday, Bostonians will talk about how they heard it play when it was just a cool, local sandwich.

Ian: I never realized how pointless bagels were before.

Miles: I like a breakfast that forces me to take a nap right after waking up.

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Economy
12:03 pm
Mon June 3, 2013

Checking In On The Economy, The Good And Sluggish

Originally published on Mon June 3, 2013 12:38 pm

The U.S. economy started showing signs of recovery in June 2009, according to the National Bureau of Economic Research. Four years later, the economy is slow to recover in some areas. The stock market and housing are showing signs of growth, while unemployment still lags behind.

The Salt
12:01 pm
Mon June 3, 2013

Wal-Mart Pledges Fresher Produce By Cutting Out The Middleman

A shopper selects produce at a Wal-Mart in Deptford, N.J.
Matt Rourke AP

Originally published on Tue June 4, 2013 2:02 pm

The nation's largest retailer announced Monday that it will be delivering produce from farms to stores faster by buying fruits and vegetables directly from growers.

The plan is to source about 80 percent of fresh produce directly, explained Jack Sinclair, executive vice president of the food business for Wal-Mart U.S., during a conference call that we participated in Monday morning.

In many instances, Sinclair says it will be possible to "cut out the middleman," but he added that local wholesalers will continue to "play an important role for us in the areas we serve."

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The Two-Way
6:39 am
Mon June 3, 2013

Who Knew? Fed Chairman Ben Bernanke Is A Funny Guy

Federal Reserve Chairman Ben Bernanke. (2010 file photo.)
Tim Shaffer Reuters /Landov

Originally published on Mon June 3, 2013 8:15 am

Hearing that Federal Reserve Chairman Ben Bernanke offered Princeton graduates "10 suggestions" at their commencement ceremony Sunday, we had visions of those in caps and gowns nodding off during a treatise on the fine points of investing in municipal bonds.

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The Two-Way
5:46 am
Mon June 3, 2013

Cardboard Bike Creator May Soon Start Peddling His Product

Israeli inventor Izhar Gafni and his cardboard bicycle.
Baz Ratner Reuters /Landov

Originally published on Tue June 25, 2013 11:07 am

After capturing the imagination of people around the world last year with video of a bicycle made almost entirely out of cardboard, Israeli inventor Izhar Gafni is now hoping to capture money from folks who would like to own one.

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Business
3:54 am
Mon June 3, 2013

Business News

Originally published on Mon June 3, 2013 8:23 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with some European optimism.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The president of the European Central Bank, Mario Draghi, says he expects to see a gradual economic recovery in the eurozone nations this year. Speaking in Shanghai yesterday, he acknowledged the region still faces challenges, including record unemployment, but he cited growing European exports and rising regional stock markets as factors indicating better times ahead. Transcript provided by NPR, Copyright NPR.

Business
3:54 am
Mon June 3, 2013

Trial To Start In Apple Price-Fixing Dispute

Originally published on Mon June 3, 2013 8:23 am

Transcript

RENEE MONTAGNE, HOST:

And Apple faces off with the Justice Department beginning today in a federal court over a price-fixing dispute. Last year, the government accused Apple of conspiring with five major publishing companies to raise prices on electronic books.

NPR's Jim Zarroli reports.

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Business
3:54 am
Mon June 3, 2013

The Last Word In Business

Originally published on Mon June 3, 2013 8:23 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Fridge for sale.

The seller is New York State and it comes from a Manhattan psychiatric ward.

LINDA WERTHEIMER, HOST:

It's a morgue cooler, and it's available on eBay. The Listing describes its condition as "good." It is big enough, as the New York Post points out, to hold four cadavers or nearly 2,000 cans of beer.

Economy
3:54 am
Mon June 3, 2013

Sequestration Cuts Being Felt Nationwide

Originally published on Mon June 3, 2013 8:23 am

It's been three months since the start of across-the-board, federal spending cuts. Renee Montagne talks to David Wessel, economics editor at The Wall Street Journal, about how badly the sequestration is cutting into the economy.

Business
1:29 am
Mon June 3, 2013

Surf Air Offers 'All You Can Fly' For A Monthly Fee

Surf Air CEO Wade Eyerly stands in front of one of the airline's turboprop planes in Burbank, Calif. Eyerly boasts that Surf Air will offer frequent commuters a corporate jet experience for not much more than regular airline prices.
Wendy Kaufman NPR

Originally published on Mon June 3, 2013 8:23 am

A new airline with an innovative, "all you can fly" business model is about to take off. Federal regulators have just given California-based Surf Air permission to begin passenger service.

Surf Air is a big idea with small planes. For a flat monthly fee, subscribers will be able to take all the trips they want among four California cities: San Francisco, Monterey, Santa Barbara and Los Angeles.

The airline's co-founder and CEO Wade Eyerly boasts that Surf Air will offer frequent commuters a corporate jet experience for not that much more than regular airline prices.

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Code Switch
5:03 am
Sat June 1, 2013

If This Cute Cheerios Ad Causes Drama, What Won't?

Cheerios via YouTube

Originally published on Mon June 3, 2013 10:13 am

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It's All Politics
3:23 am
Sat June 1, 2013

Obama's Economic View: A Glass Half-Full And Half-Empty

President Obama speaks in the Rose Garden of the White House on Friday. He said the economy is seeing progress but added that too many people are still struggling.
Win McNamee Getty Images

Originally published on Sat June 1, 2013 4:39 am

It has been a good week for economic news. Here's a quick rundown of the positive signs: Home prices showed their best gains in seven years. Consumer confidence hit a five-year high. The stock market set a new record. All just this week.

"We're seeing progress," President Obama said in the White House Rose Garden on Friday morning, "and the economy is starting to pick up steam. The gears are starting to turn again, and we're getting some traction."

You could tell from the tone of his voice that he was leading up to a "but."

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