Think about farms in the Midwest, acres and acres of corn and soybeans. Now, picture instead fresh saltwater shrimp - shrimp. Landlocked Midwestern farmers are finding ways to raise those shellfish far away from any ocean.
Genetically-modified seeds — and the technology to produce them — have been at the center of a bitter legal fight between the two companies. Dupont will pay Monsanto more than $1.5 billion in the deal. With that, the companies will drop their patent and antitrust claims against each other.
Nearly 500 farmers and workers have suffocated in grain storage bins in the past 40 years. The worst year on record was 2010, with 26 people dying. Hefty fines and criminal charges are possible for negligent employers. But NPR and The Center for Public Integrity found that enforcement is weak, even as workers continue to die.
The Solar Impulse, a solar-powered plane, flies over Switzerland. The makers will be journeying across the U.S. this spring, hoping the flight helps challenge assumptions about what solar technology can do.
The Washington Post and the San Francisco Chronicle recently said they will start charging readers for online content, joining big papers like The New York Times and The Wall Street Journal. Some large papers have made it work because they offer a lot of unique content.
Nick d'Aloisio displays his mobile application Summly, which Yahoo recently purchased for a reported $30 million. But the Internet company is killing the app and integrating the algorithm that drives it into its own technology.
On Wednesday, the U.S. Supreme Court will hear a challenge to the Defense of Marriage Act — the federal law that defines marriage as between a man and a woman. And among those asking the justices to strike it down is a broad cross section of corporate America.
A British teenager has sold his mobile application to Yahoo for a reported $30 million. Seventeen-year-old Nick D'Aloisio created his app called Summly when he was only 15. As NPR's Jeff Brady reports, the teen will now go to work for Yahoo.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
Federal regulators are taking aim at a practice they say is forcing millions of struggling homeowners to pay higher insurance premiums. The Federal Housing Finance Agency issued an order today. It bars banks from charging lucrative fees and commissions on so-called lender-placed insurance policies. NPR's Jim Zarroli explains.
I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, the day when white people no longer make up the majority of the American population is coming, and coming a lot faster than initially predicted. Today, we are going to look at how the browning of the nation could lead to a real divide between the older, white minority and a younger, growing, brown majority. We'll start the conversation about what that might mean for the country's future. That's ahead this hour.
Originally published on Tue March 26, 2013 12:56 pm
The chairman of the Bank of Cyprus abruptly stepped down after a special administrator was appointed to oversee its restructuring in the wake of a painful bailout of the island nation by international lenders.
Amazing but true, Popeye and Frosty the Snowman have something in common with General Douglas MacArthur and Mark Twain. They're all known for smoking a corn cob pipe. Corn cob pipes have made a comeback in recent years, welcomed news for the last company in the U.S. mass producing them. It's located in Washington, Missouri, about an hour west of St. Louis.
Still, as St. Louis Public Radio's Rachel Lippmann reports, last summer's brutal heat and drought have been a big challenge.
And out next business story fits in the category of what were they thinking? Ford Motor Company is apologizing for ads sketched up by an agency in India - ads that have been decried as demeaning to women. They are cartoon drawings showing off how spacious a Ford trunk can be. One spoofs Italy's former prime minister, Silvio Berlusconi. He's at the wheel, and in the trunk, three women, tied up.
GREENE: OK, it's just a fantasy. But actually, in some countries taxpayers can sign up to receive simply a bill. The government sends you a tax bill, you pay it and, voila, that's it.
Now, there was an effort to bring return-free filing to the United States, but that effort came up against stiff opposition. And to find out why, we called Liz Day of ProPublica. She's been digging into this issue.
While equal rights occupy a large part of the debate over same-sex marriage, federal taxes are also a concern for gay couples. Experts say repealing the Defense of Marriage Act will affect some same-sex couples when they file their taxes.
When advocates for gay marriage talk about it, they usually focus on the struggle for equality and civil rights.
But how the Supreme Court decides the Defense of Marriage Act case being argued this week could possibly have big implications in another arena — the money same-sex couples owe the Internal Revenue Service.
The case that could throw out a law that defines marriage as between a man and woman started with a tax bill.
Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.
The Wall Street Journal reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.
Originally published on Mon March 25, 2013 9:33 am
Illustrations produced by an Indian ad agency showing scantily clad cartoon women bound, gagged and stuffed into the hatch of a Ford Figo have led both the car company and the ad agency's parent to issue apologies.
The images, according to FirstPost.Business, were "scam ads — ads that are created not to sell products and services, but to win awards at awards shows such as the Abby or at Cannes."
From 'Morning Edition': Soraya Sarhaddi Nelson reports
The deal we posted about Sunday evening — a $13 billion bailout by international creditors for the beleaguered banking system on Cyprus — is being met with skepticism on that Mediterranean island nation.
Cyprus has secured a $13 billion package of rescue loans in tense, last-ditch negotiations. Some in Cyprus question whether the European Union wanted Cyprus' recently discovered natural gas reserves or big bank deposits to go to German banks.
It's MORNING EDITION, from NPR News. I'm Renee Montagne.
DAVID GREENE, HOST:
And I'm David Greene.
The tiny Mediterranean island of Cyprus was on the brink of bankruptcy. But at the last minute, European finance ministers approved a multibillion-dollar bailout for the country. The deal will keep the island's banking system from collapsing, but the country is far from out of the woods.
NPR's Soraya Sarhaddi Nelson begins our coverage from Berlin.
And our last word in business today is: highly illogical, captain.
Congress has rebuked the IRS for spending tens of thousands of dollars to film a "Star Trek" parody video.
(SOUNDBITE OF IRS VIDEO)
UNIDENTIFIED MAN: These are the voyagers of the Starship Enterprise Y. Its never-ending mission is to seek out new tax forms, to explore strange new regulations, to boldly go where no government employee has gone before.
RENEE MONTAGNE, HOST:
The video stars IRS workers and was shown at a conference in 2010.
NPR's business news starts with Apple doing some shopping.
Apple has been trying to go head-to-head with Google to provide better mapping services. Apple's latest effort to do that has a price tag of $20 million. That's how much it paid for a small startup company called WiFiSLAM, which maps indoor settings. Think shopping malls and airports. Apple confirmed the purchase to The Wall Street Journal, but wouldn't discuss its plans. Transcript provided by NPR, Copyright NPR.
Both housing and the stock market have been on the upswing in recent months. But a full recovery in the housing market would be more significant to the overall economy. That's because more Americans have something at stake in home values than in stock prices.