The editor-in-chief of Bloomberg News is apologizing. That's after admitting his reporters tracked how subscribers use the company's famous financial data terminals. The disclosure has caused an uproar in the financial services world. As NPR's David Folkenflik reports, the episode has roots both in Bloomberg's innovations in data management, and its corporate culture.
Detroit is littered with empty warehouses — more than 7,000, by one estimate. They've become skeletons of the city's industrial past.
But not this warehouse, where Jennifer Blake is feeding quilted fabric through a sewing machine. She's making a coat. Fashioned with Velcro fastenings, it has a sleeping bag that slips out on the bottom, and is made of recycled car parts, she says.
Four retailers who represent the largest purchasers of clothes produced in Bangladesh announced Monday that they have will help finance safety upgrades at apparel factories in the South Asia country after the collapse of a garment complex killed more than 1,000 workers.
The news comes as the death toll in the April 24 collapse of the eight-story Rana Plaza near Dhaka rose to at least 1,127, according to officials.
Finally, this hour, we remember the man behind a famous bicycle design. Now, if you spent your childhood riding a bike with big handlebars and a banana seat, then you owe Al Fritz your thanks. The former executive for the bike company Schwinn died last week. In 1963, Fritz introduced the model known as the Sting-Ray, and it got a boost with ads on the TV show "Captain Kangaroo."
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UNIDENTIFIED ANNOUNCER #1: Captain will be back after these messages.
It's been three weeks since a factory collapsed in Bangladesh's garment sector, killing more than 1,000 people. Today, several major retailers that buy clothing made in the country signed onto an ambitious safety plan meant to prevent future tragedies. The agreement is being applauded by worker advocates around the world.
To tell us what's in it, we're joined by NPR's Jim Zarroli. And Jim, give us the details. What does the agreement say, and what does it actually commit retailers to do?
President Obama expressed outrage Monday over the Internal Revenue Service's admission that it targeted certain conservative groups for extra scrutiny. By the time the president weighed in, members of both parties in Congress had already begun preparing hearings to grill IRS officials on the issue.
The controversy is rooted in a question neither the IRS nor Congress has answered clearly: Exactly what kind of political activity is allowed for tax-exempt groups — particularly those with secret donors?
A San Francisco judge will decide this month whether to approve a settlement in a class-action lawsuit that could affect more than 70 million Facebook users. The $20 million deal would mark the end of a years-long battle over the social network's "Sponsored Stories" advertising.
But Facebook users' images could still appear in ads if they don't change their settings. And many users say the deal before the judge doesn't go far enough to protect their privacy.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, as we head into graduation season, we want to talk about a new report about changes and challenges at the nation's historically black colleges and universities. That's coming up. But first, it's also the beginning of what has been historically the spring home buying season.
Giant financial data company Bloomberg is acknowledging that some of its subscribers were tracked by the company's reporters. The reporters were allowed to see what kind of information the subscribers were looking at and how long it had been since they logged on. The tracking came to light after Goldman Sachs Raised questions about the practice. Over the weekend, the Federal Reserve said it is looking into whether its employees were tracked as well.
NPR's business news starts with a big recall for jeeps.
Chrysler is recalling about 470,000 Jeep SUVs worldwide. Certain Jeep Grand Cherokees and Commanders are being recalled because the transmission could shift by itself - from park into neutral - with no warning to the driver. The source of the problem: cracks in the circuit board that can cause a faulty signal on start-up.
Drivers will find this summer's gas prices are lower than last year's, the result of a spike in crude oil production. Government forecasters say a gallon of regular gasoline will cost about $3.50 this summer — a slide of more than 10 cents from last year.
And the deaths in Bangladesh have prompted a number of American clothing companies to disclose where their products are made. Everlane is an online clothing retailer based in San Francisco that has always done that. Michael Preysman is the CEO and founder of Everlane, and we asked him where and how his company's T-shirts are manufactured.
Here's what's big in Japan - inflation. That's the start of NPR's business news.
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INSKEEP: OK. The Japanese currency, the yen, is falling like crazy against the U.S. dollar - which is just the way the Japanese central bank planned. The economy has been stagnant for nearly two decades, and a weak yen makes Japan more attractive to tourists and foreign investors.
The Internet has managed to disrupt many industries, from publishing to music. So why not lending?
Google is teaming up with the nation's largest peer-to-peer lender. The search and tech giant is investing $125 million in Lending Club, which gets borrowers and lenders together outside the conventional banking system. Google's move and the actions of other big players reflect a growing interest in peer-to-peer lending.
At about 300 colleges across the country, young activists worried about climate change are borrowing a strategy that students successfully used in decades past. In the 1980s, students enraged about South Africa's racist Apartheid regime got their schools to drop stocks in companies that did business with that government. In the 1990s, students pressured their schools to divest Big Tobacco.
This time, the student activists are targeting a mainstay of the economy: large oil and coal companies.
When you arrive in Myanmar, you can see how eager the people are to do business. At the airport in Yangon, new signs in English welcome tourists. A guy in a booth offers to rent me a local cellphone — and he's glad to take U.S. dollars. But when I pull out my money, he shakes his head.
"I'm sorry," he says.
He points to the crease mark in the middle of the $20 bill. No creases allowed.
Taxpayers help subsidize crop insurance premiums for farmers to the tune of about $9 billion dollars, a figure that's growing each year. These policies protect farmers from major losses, and help support their income even if there's no loss of crops.
And in return? Well, environmentalists argue that farmers who receive this financial supportshould be required to be good stewards of the land.
This is the tale of turkey tail — it's convoluted arrival, disappearance and highly anticipated return to the Pacific island the Republic of Samoa (not to be confused with American Samoa).
It's hard to pinpoint precisely when turkey tails started being imported into Samoa from the U.S. and when they became a favorite, affordable dish. Meat byproducts (Spam and fatty lamb cuts from New Zealand) started showing up sometime after World War II, and turkey tails came shortly thereafter.
Eight people in New York have been charged as part of what prosecutors say was a global ring of cybercriminals who stole $45 million by hacking into prepaid credit card accounts and then using the data to get cash from thousands of ATMs around the world.
U.S. Attorney for the Eastern District of New York Loretta Lynch described the alleged scheme as "a massive 21st century bank heist that reached across the Internet and stretched around the globe. In the place of guns and masks, this cybercrime organization used laptops and the Internet."
Let's start with a brief tour of streaming television online.
For quite a while, streaming television meant sitting and watching it on your computer. It wasn't ideal, for obvious reasons. Then, it got easier to sit and watch it on your phone. That wasn't ideal, either, if you liked the living-room experience. Tablets do a better job than phones of delivering a portable but less tiny experience.
Note: As often happens, the previous week's figure is a slight revision from what was reported earlier. Initially, the ETA said there had been 324,000 first-time claims during the week ending April 27. Now, it says there were 327,000 that week.