Business

The Two-Way
10:00 am
Fri September 6, 2013

Antitrust Monitor Ordered For Apple Over E-Book Price Fixing

Amazon's Kindle e-reader. Apple has been ordered to submit to a monitor to ensure it doesn't fix prices on e-books in future.
David McNew Getty Images

Originally published on Fri September 6, 2013 10:44 am

A federal judge who found Apple guilty of colluding with publishers in an e-book price-fixing scheme ordered the tech giant on Friday to modify its contracts and submit to oversight to make sure it doesn't happen again.

The injunction issued by U.S. District Judge Denise Cote in Manhattan against orders the iPad maker to hire an external compliance monitor for two years to supervise the company's antitrust compliance efforts, The Associated Press reports.

Cupertino, Calif.-based Apple says it plans to appeal.

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The Two-Way
7:01 am
Fri September 6, 2013

Jobless Rate Ticks Down To 7.3 Percent; 169,000 Jobs Added

A recruiter for Cigna greets a job seeker at a career fair in Philadelphia over the summer.
Mark Makela Reuters /Landov

Originally published on Fri September 6, 2013 12:30 pm

The nation's jobless rate dipped to 7.3 percent in August from 7.4 percent in July as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated Friday morning.

The figures were roughly in line with what economists had been expecting to hear.

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The Two-Way
5:51 am
Fri September 6, 2013

'Pretty Solid Jobs Report' Likely; Will Fed Then Dial Back?

The scene last month at a "Beyond the Dream" job fair in Brooklyn, N.Y. Data on the month's job growth and unemployment rate are due Friday morning.
Spencer Platt Getty Images

Originally published on Fri September 6, 2013 7:35 am

Economists expect to hear that about 180,000 jobs were added to payrolls and that the nation's unemployment rate held steady at 7.4 percent last month when the Bureau of Labor Statistics issues its highly anticipated report about the August employment situation at 8:30 a.m. ET.

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Parallels
4:39 am
Fri September 6, 2013

Istanbul, Madrid, Tokyo Vie For Olympics, But Is It Worth It?

Fireworks at closing ceremony of the 2012 Summer Olympics in London.
Alastair Grant AP

Originally published on Fri September 6, 2013 6:47 am

The International Olympic Committee will decide Saturday on the host of the 2020 Summer Games. Istanbul, Madrid and Tokyo are vying for the honor.

As our reporters noted on Morning Edition, these are all world-class cities with strong selling points, but they also face some serious challenges.

Istanbul

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Business
3:05 am
Fri September 6, 2013

Millennials Force Car Execs To Rethink Business Plans

Originally published on Fri September 6, 2013 10:40 am

Transcript

STEVE INSKEEP, HOST:

Let's focus like a laser on this next story. For the last month, NPR and Youth Radio have been reporting on the changing relationship between the millennial generation and the automobile.

UNIDENTIFIED WOMAN: When I try to imagine my dream car, I draw a blank and then I reach for my phone.

UNIDENTIFIED MAN #1: The symbol of freedom isn't the car anymore.

UNIDENTIFIED MAN #2: I'm not sure that any car company really understands this generation of buyers.

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Business
3:05 am
Fri September 6, 2013

Bidding War Breaks Out For Small Strip Of Land

Originally published on Fri September 6, 2013 10:40 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Bidding War.

The real estate market has been heating up in some popular locations - like the Hamptons.

STEVE INSKEEP, HOST:

And this week, two Wall Street types competed for a narrow lot bordering both of their properties there. And when we say narrow, the strip of land is almost 1,900 feet long - 1900 feet long and one foot wide.

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Parallels
3:05 am
Fri September 6, 2013

India's New Central Banker Steps Into A Perfect Storm

Raghuram Rajan, the new head of the Reserve Bank of India, has his work cut out for him. India's economic growth has crashed, its currency has plunged and prices are up.
Rajanish Kakade AP

Originally published on Fri September 6, 2013 6:54 pm

Raghuram Rajan, the new governor of India's central bank, swept into office this week infusing a sense of optimism.

He announced hard-headed measures Wednesday that remove uncertainty that has characterized the Reserve Bank of India's moves.

By Friday, Indian equities and the rupee were clawing back.

But analysts say the exuberance — and honeymoon with the suave MIT-trained economist — is unlikely to last.

After decadelong high growth rates, India is now the sick man of Asia.

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Economy
3:05 am
Fri September 6, 2013

Fed Watches Friday's Jobless Data For Signs To End Stimulus

Originally published on Fri September 6, 2013 10:40 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

Let's try to figure out what today's unemployment report means. NPR's John Ydstie has been following the story. He's in our studios. John, good morning once again.

JOHN YDSTIE, BYLINE: Good morning, Steve.

INSKEEP: OK. What are the numbers first?

YDSTIE: Well, 169,000 new jobs were added to payrolls in August, according to the government report.

INSKEEP: OK.

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Business
3:05 am
Fri September 6, 2013

G-20 Fears An End To Fed's Quantitative Easing

Originally published on Fri September 6, 2013 10:40 am

Transcript

STEVE INSKEEP, HOST:

Leaders of the world's largest economies complete their summit in St. Petersburg, Russia today.

NPR's Corey Flintoff reports this meeting has been marked by a growing divide between the most highly developed nations and emerging economies.

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Sports
2:05 am
Fri September 6, 2013

Olympic Committee To Announce 2020 Summer Games Host

Tokyo's 2020 candidate city logo.
Juan Mabromata AFP/Getty Images

Originally published on Fri September 6, 2013 12:22 pm

Saturday in Buenos Aires, Argentina, the International Olympic Committee will announce the host of the 2020 Summer Games. The committee is choosing from among Istanbul, Madrid and Tokyo. The contenders all have strong selling points, but each also has serious issues clouding its bid.

Violent Crackdown Hangs Over Turkey's Bid

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Business
1:38 am
Fri September 6, 2013

Rates Come Down On Jumbo Mortgage Loans

iStockphoto.com

Originally published on Fri September 6, 2013 10:40 am

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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The Salt
4:41 pm
Thu September 5, 2013

Was Your Chicken Nugget Made In China? It'll Soon Be Hard To Know

iStockphoto.com

Originally published on Tue September 10, 2013 10:52 am

Here's a bit of news that might make you drop that chicken nugget midbite.

Just before the start of the long holiday weekend last Friday, the U.S. Department of Agriculture quietly announced that it was ending a ban on processed chicken imports from China. The kicker: These products can now be sold in the U.S. without a country-of-origin label.

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The Two-Way
3:12 pm
Thu September 5, 2013

Reports: NSA Has Keys To Most Internet Encryption

The National Security Agency headquarters at Fort Meade, Md.
Saul Loeb Getty Images

The National Security Agency has the keys to most Internet encryption methods and it has gotten them by using supercomputers to break them and by enlisting the help of private IT companies, The New York Times and The Guardian are reporting.

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The Salt
3:11 pm
Thu September 5, 2013

Japanese Whiskey Teases U.S. Consumers By Playing Hard To Get

Suntory's 30-year-old Hibiki whiskey took home the top award at the International Spirits Challenge in 2003. This unexpected triumph was Japanese whiskey's big coming-out party on the global spirits stage.
Courtesy of Suntory

Originally published on Thu September 5, 2013 5:31 pm

Scotland is the de facto king of whisky. But now an unlikely challenger — Japan — is making a name for its whiskey far beyond its borders. Unfortunately for Americans, this highly coveted Japanese whiskey is very hard to come by.

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All Tech Considered
3:10 pm
Thu September 5, 2013

The Curious Craigslist Market For Empty Phone, Laptop Boxes

Boxes of the new iPhone 5 are displayed at an Apple Store. On Craigslist, used, empty boxes are offered for at least $10.
Justin Sullivan Getty Images

Originally published on Thu September 5, 2013 3:27 pm

A quick scan of Craigslist reveals a curious market for not just smartphones and computers but the empty packaging of smartphones and computers. On my local Craigslist, a MacBook Pro box — "box only," as the sales pitches read — goes for $19. A MacBook Air box will cost you $15. And a Samsung Galaxy S4 box sells for $10.

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The Two-Way
10:24 am
Thu September 5, 2013

IRS To Count Automatic Gratuities As Wages, Not Tips

A waiter serves patrons at Tony's Restaurant, part of the Casablanca Hotel in New York's Times Square. The custom at some restaurants of automatic gratuities for larger parties might change because of an IRS rule change.
Don Emmert AFP/Getty Images

Originally published on Thu September 5, 2013 12:51 pm

Gratuity included? A new IRS rule could end, or at least curtail, the practice.

The Internal Revenue Service will soon begin classifying automatic gratuities as service charges that are taxable as regular wages and subject to payroll tax withholding. Currently, they're considered tips, and it's up to the wait staff to report them as income.

The Wall Street Journal says:

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Planet Money
10:04 am
Thu September 5, 2013

The World Capital Of Counterfeit Dollars

A policeman shows printed sheets of counterfeit bills seized by Peruvian police.
AFP AFP/Getty Images

This just in from the AP:

With its meticulous criminal craftsmen, cheap labor and, by some accounts, less effective law enforcement, Peru has in the past two years overtaken Colombia as the No. 1 source of counterfeit U.S. dollars, says the U.S. Secret Service, protector of the world's most widely traded currency. ...

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The Two-Way
9:29 am
Thu September 5, 2013

Yah-New! Did Yahoo Hit The Mark With Its Logo Change?

Yahoo's new logo.
Yahoo.com

Originally published on Thu September 5, 2013 10:04 am

Compare Yahoo's new logo, introduced Thursday, to what was there before.

According to CEO Marissa Mayer, "we knew we wanted a logo that reflected Yahoo — whimsical, yet sophisticated. Modern and fresh, with a nod to our history. Having a human touch, personal. Proud."

On her Tumblr page, Mayer goes on at length about how:

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The Two-Way
6:43 am
Thu September 5, 2013

Job Growth Cooled A Bit In August, Report Signals

Originally published on Thu September 5, 2013 7:39 am

There were 176,000 more jobs on private employers' payrolls in August than the month before, according to the latest ADP National Employment Report.

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Business
3:08 am
Thu September 5, 2013

U.S. Auto Sales Accelerate To Pre-Recession Levels

Originally published on Thu September 5, 2013 4:58 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with car sales accelerating.

The Wall Street Journal is reporting that buyers picked up new vehicles at a pace not seen since before the recession. According to the paper, Americans bought 1.5 million vehicles last month - about 17 percent up from a year ago. Low interest rates and continued job growth were primary drivers. Automakers have added work shifts and production capacity to keep up with demand. Transcript provided by NPR, Copyright NPR.

Business
3:08 am
Thu September 5, 2013

Don't Let Death Interfere With Your Need For Music

Originally published on Thu September 5, 2013 5:47 am

A Swedish firm is selling coffins loaded with speakers and a Spotify music account to stream songs six feet under. The package costs $30,000.

Business
3:08 am
Thu September 5, 2013

Data Marketing Critics Check Out What's Written About Them

Originally published on Thu September 5, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

Companies that collect and sell information about you are usually pretty secretive about what they have on you. But one of the biggest data brokers is now letting consumers have a peek.

Yesterday, the Acxiom Corp. set up a website where people can look themselves up. It's called AboutTheData.com. As NPR's Martin Kaste reports, some of the first people to try it were the data industry's critics.

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Around the Nation
1:23 am
Thu September 5, 2013

Under Dust And Rust, 'New' Classic Cars Go Up For Auction

Chevrolets are lined up in a field near the Lambrecht Chevrolet dealership in Pierce, Neb. Later this month, bidders will attend a two-day auction that will feature about 500 old cars and trucks, many with fewer than 10 miles on the odometer.
Nati Harnik AP

Originally published on Thu September 5, 2013 6:11 pm

Inside the Lambrecht Chevrolet Company in tiny Pierce, Neb., under layers of dirt, sit a dozen classic cars. A 1978 Chevrolet Indy Pace Car, black with racing stripes down the side. There's a '66 Bel Air sedan in a color called tropic turquoise, and a 1964 impala.

"If you wipe away the dirt, it's shiny underneath," says auctioneer Yvette VanDerBrink. Even though this car is almost 50 years old, VanDerBrink says, it's still brand new.

Later this month Lambrecht's will auction more than 500 classic cars, many with fewer than 10 miles on the odometer.

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The Two-Way
12:39 pm
Wed September 4, 2013

Economy Expanding At Moderate Rate, Fed Says

Doors for a Chevy Sonic hang on the assembly line at General Motors' Orion Assembly Plant in Lake Orion, Michigan, in 2011.
Bill Pugliano Getty Images

Originally published on Wed September 4, 2013 4:59 pm

The U.S. economy held steady with "modest to moderate" growth between early July and late August, as Americans bought more cars and auto factories ramped up hiring.

The Federal Reserve's so-called Beige Book, comprising reports from 12 geographic districts around the country, showed that manufacturing activity "expanded modestly" and that several districts reported that "demand for inputs related to autos, housing, and infrastructure were strong."

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The Two-Way
12:32 pm
Wed September 4, 2013

S&P Accuses U.S. Of Suing To Retaliate For Credit Downgrade

The Justice Department claims Standard & Poor's knew that billions of dollars of mortgage-backed securities were junk but still gave them positive ratings.
Emmanuel Dunand AFP/Getty Images

Originally published on Wed September 4, 2013 4:03 pm

In a court filing, Standard & Poor's is accusing the U.S. government of using the Justice Department to retaliate for the agency's decision to downgrade U.S. debt in 2011.

The accusation by S&P was made while it tried to defend itself in a lawsuit filed against it by the U.S. government, which alleges S&P knew that billions of dollars of mortgage-backed securities were junk, but still gave them positive ratings.

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Parallels
10:40 am
Wed September 4, 2013

U.S. Competitiveness Up, Ranking Fifth, Survey Says

As the economy continues its recovery, the World Economic Forum's latest survey said U.S. global competitiveness is up after four years of decline.
John Moore Getty Images

Originally published on Wed September 4, 2013 12:44 pm

U.S. competitiveness among global economies suffered after the 2008 global economic crisis. Four years after the crisis, the U.S. slipped in the World Economic Forum's annual competitiveness ranking. This year it's back up a bit: The U.S. rose to fifth position overall from seventh last year, in the forum's latest survey, which was released Wednesday.

Here's what the survey says about the U.S., the world's largest economy:

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The Salt
10:37 am
Wed September 4, 2013

A Greener Way To Cool Your Foods On The Way To The Grocery Store

Originally published on Wed September 4, 2013 3:13 pm

Your produce and frozen foods could soon arrive at grocery stores in trucks that release fewer emissions. Researchers are developing a clean technology to keep your food cool while it travels.

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All Tech Considered
10:10 am
Wed September 4, 2013

Data Marketers Know What You Bought Last Summer

The online purchases you make help form a data profile that marketers use to sell you more stuff. A new site lets you see what data the marketers have on you.
Matt Cardy Getty Images

Originally published on Wed September 4, 2013 2:09 pm

If you've ever wondered just how much marketing companies know about you, whether it's your education or income or purchase preferences, today you can see for yourself.

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Business
4:42 am
Wed September 4, 2013

Latino Buying Power Gets Movie Studios' Attention

Instructions Not Included, a film starring and directed by Eugenio Derbez, was made specifically for a Mexican and U.S. Latino audience.
Pantelion Films

Originally published on Wed September 4, 2013 9:12 am

One of the surprise movie hits this past weekend was almost entirely in Spanish. Instructions Not Included made an enormous amount of money per screen, more than $22,000, playing in fewer than 350 theaters. The boys in One Direction had the number one film, but they pulled in less than $6000 per screen. That's a huge victory for star Eugenio Derbez, a household name in Mexico, and for Pantelion films, which has been trying to find a Spanish-language hit in the U.S. film market for a few years now.

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Business
2:46 am
Wed September 4, 2013

British Airways Adds Nonstop Flight To Austin

Originally published on Wed September 4, 2013 4:42 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with non-stop flights.

(SOUNDBITE OF MUSIC)

MONTAGNE: British Airways has announced a new non-stop service five days a week between London and Austin, Texas. The move comes as something of a surprise, considering the airline already serves Dallas and Houston.

From member station KUT, David Brown reports.

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