Business

Business
2:31 am
Thu August 8, 2013

JPMorgan Chase Faces Justice Department Probe

Originally published on Thu August 8, 2013 4:09 am

JPMorgan Chase revealed on Wednesday that it's facing criminal and civil investigations by the Justice Department. The bank says the investigations focus on sales of subprime mortgage securities in the years preceding the financial crisis.

Business
2:31 am
Thu August 8, 2013

Tesla's Stock Boosts Projections For Carmaker's Staying Power

Originally published on Fri August 9, 2013 5:27 am

Transcript

LINDA WERTHEIMER, HOST:

Earnings season is wrapping up in the car world. And the small American company Tesla is doing better than expected. When the high-end electric automaker released its earnings this week, it handily beat Wall Street expectations. Tesla's stock is up about 300 percent this year.

As NPR's Sonari Glinton reports, the question is, whether the company has enough power to sustain it for the long term.

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Around the Nation
2:31 am
Thu August 8, 2013

Sioux Falls' Rapid Business Growth Gains National Attention

Originally published on Thu August 8, 2013 6:51 am

Sioux Falls, S.D., gains thousands of new residents each year. Leaders point to business opportunities, diversity and quality of life as reasons for its growth. This kind of boom comes with conflict, and Sioux Falls faces challenges to continuing development.

Business
2:31 am
Thu August 8, 2013

Love Boat Reaches Its Final Destination

Originally published on Thu August 8, 2013 4:38 am

The cruise ship made famous by the TV show The Love Boat will end up in a scrap heap on the Turkish coast. A ship recycling company in Turkey bought the cruise liner for a little more than $3 million and will strip it for its parts and metal.

Shots - Health News
1:20 am
Thu August 8, 2013

Obamacare Foes Make Final Push To Stop Health Law's Implementation

A screenshot from the FreedomWorks website, which is urging citizens opposed to the Affordable Care Act to opt out of the law's requirement to have insurance. It asks Americans to symbolically "burn your Obamacare card." In reality, no such card will exist.
FreedomWorks

Originally published on Thu August 8, 2013 8:47 am

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Business
1:19 am
Thu August 8, 2013

The 787 Returns, And Boeing Is Watching Its Every Move

Boeing is using advanced, real-time tracking of its flagship 787 as it returns to service after being grounded for months.
Charles Rex Arbogast AP

Originally published on Tue February 25, 2014 4:58 pm

Aviation experts continue to follow up on a number of recent accidents and incidents: the Asiana crash; a botched landing by a Southwest jet; and problems with an emergency beacon on a Boeing 787.

The entire fleet of 787s was grounded earlier this year for battery problems. Now, the aircraft are back in service, and Boeing is monitoring them around the clock.

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The Salt
2:01 pm
Wed August 7, 2013

Bring Home The Bacon Or Put It In A Meat Locker?

Time for a meat locker? One Flickr user's freezer after purchasing a large share of a pig.
Cowgirl Jules via Flickr

Originally published on Fri August 9, 2013 10:44 am

Why buy 1 pound of hamburger meat from a local farmer when you can buy 5 pounds — plus another 20 pounds of stew meat, steaks and roast — for as little as half the price of what it all goes for at the market?

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The Salt
12:52 pm
Wed August 7, 2013

After Immigration Bust, Herb Grower Tries A New Path

Ted Andrews, CEO of HerbCo International, says the H-2A agricultural guest worker program needs improvements.
Liz Jones for NPR

Originally published on Wed August 7, 2013 8:58 pm

The ongoing immigration debate in Congress often spotlights the job market for people living in the U.S. illegally. Not long ago, that market included one of the country's top organic herb farms — until an immigration bust forced the business, based in Washington state, to clean up its payroll.

Ted Andrews, owner of HerbCo International, says he's learned some tough lessons during the transition to a legal workforce. Lesson No. 1: "There are events that can destroy a business in the snap of a finger," he says. "This was one of them."

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The Two-Way
9:24 am
Wed August 7, 2013

Freddie Mac Earns $5 Billion In 3 Months; To Pay U.S. $4.4 Billion

Originally published on Wed August 7, 2013 9:54 am

Freddie Mac racked up a $5 billion profit in the second quarter, the mortgage backer said in its quarterly report Wednesday. The earnings are the second-highest in the history of Freddie Mac, which has now extended its streak of profitable quarters to seven in a row.

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All Tech Considered
3:28 am
Wed August 7, 2013

Amazon Enters Art World; Galleries Say They Aren't Worried

Amazon said its new art marketplace will provide access to more than 40,000 works of art from at least 150 galleries and dealers.
Amazon.com

Originally published on Wed August 7, 2013 9:35 am

Local record and book shops have been disappearing as the market for music and literature moves online. In the past few years, there's been a growth in sites that sell fine art on the Internet. On Tuesday, Amazon joined that market. But in this case, many brick and mortar galleries aren't seeing the Internet as a threat.

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Business
3:24 am
Wed August 7, 2013

Bezos' Resources Could Go A Long Way For 'The Post'

Originally published on Wed August 7, 2013 7:41 am

News that Jeff Bezos, the founder and CEO of Amazon, is buying The Washington Post for $250 million took many in the news media and publishing industries by surprise. For more insight into Bezos, David Greene talks to BusinessWeek senior writer Brad Stone. He is the author of an upcoming book: The Everything Store: Jeff Bezos and the Age of Amazon.

Media
3:24 am
Wed August 7, 2013

Boston Hopes Red Sox Owner Can Turn Around 'Globe'

Originally published on Wed August 7, 2013 4:52 am

In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news — including the baseball coverage.

Business
3:24 am
Wed August 7, 2013

Virgin America Announces Earnings Win

Originally published on Wed August 7, 2013 5:42 am

The company has been hit by a lot of losses since it was founded in 2007. But for the second quarter of this year, it says it earned nearly $9 million. Virgin America seems to be reaping the benefits of falling fuel prices and an increase in people traveling.

Business
3:24 am
Wed August 7, 2013

Cardboard Cutout Is An Effective Police Officer

Originally published on Wed August 7, 2013 5:46 am

At a subway and bus station in Cambridge, Mass., transit police planted the cutout to watch over the bike racks. Bike thefts are down 67 percent.

Business
3:24 am
Wed August 7, 2013

DOJ Files Civil Charges Against Bank Of America

Originally published on Wed August 7, 2013 4:01 am

Transcript

RENEE MONTAGNE, HOST:

The Justice Department is bringing civil charges against one of the nation's largest banks. The government alleges that Bank of America made false statements about the quality of home loans it sold off to investors, $850 million worth of loads. The Justice Department move is the latest in a series of cases being brought against financial firms.

NPR's Chris Arnold has been following all of this and joins us now. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

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Business
3:24 am
Wed August 7, 2013

Want To Be A Chicken Farmer? Try It Before You Commit

The idea of raising backyard chickens has become very popular. But people who follow through on the idea don't always know what they are getting into. So a few companies are letting would-be chicken farmers try out the experience — for a fee.

Business
3:24 am
Wed August 7, 2013

Tensions Flare Over Rock Of Gibraltar

Once again, Spain and Britain are at odds over a tiny limestone peninsula at Europe's southern tip — Gibraltar. It's physically attached to Spain but has been a British territory for 300 years. Now some Spaniards want it back.

Politics
3:24 am
Wed August 7, 2013

Obama Focuses On Making Home Ownership More Accessible

President Obama is in California, where he'll visit Marines at Camp Pendleton. On Tuesday, he spoke about housing in Phoenix. Among other items, he talked about winding down Fannie Mae and Freddie Mac, the companies that guarantee most long-term fixed-rate mortgages in the U.S.

All Tech Considered
2:21 am
Wed August 7, 2013

As Twitter Expands Reach, Abuse Policy Gets Added Scrutiny

This week, several women in the U.K. went public about explicit abuse they received on Twitter.
Alastair Grant AP

Originally published on Wed August 7, 2013 10:26 am

A series of threats and abusive messages aimed at prominent women in the U.K. have placed Twitter in an awkward spot. As the company gears up to go public and expand its brand around the world, it is increasingly running into cultural and legal hurdles that challenge Twitter's free speech ethos.

Earlier this year, Caroline Criado-Perez led a successful campaign to keep non-royal British women on the country's currency. Then last week, because of that work, the 29-year-old activist and blogger became the target of an organized barrage of hateful messages on Twitter.

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It's All Politics
2:49 pm
Tue August 6, 2013

With 'Post' Purchase, High-Tech Continues Its March On D.C.

Jeff Bezos, CEO and founder of Amazon.
Reed Saxon AP

Originally published on Tue August 6, 2013 3:44 pm

It's kind of an obvious thought: Jeff Bezos' purchase of The Washington Post is Richard Nixon's revenge.

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The Two-Way
1:58 pm
Tue August 6, 2013

U.S. Sues Bank Of America Over Mortgage-Backed Securities

Originally published on Tue August 6, 2013 2:33 pm

The Department of Justice announced Tuesday that it was suing Bank of America for allegedly lying to investors about the riskiness of about $850 million worth of mortgage-backed securities back in 2008.

According to a press release by the Justice Department, the action is part of efforts of the Obama administration's Financial Fraud Enforcement Task Force's RMBS Working Group.

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The Two-Way
10:38 am
Tue August 6, 2013

Bezos Can Help 'Post' Disrupt Other Businesses, Editor Says

Jeff Bezos, founder and CEO of Amazon.com and soon-to-be owner of The Washington Post, last month in Sun Valley, Idaho.
Kevork Djansezian Getty Images
  • From 'Here & Now': 'Washington Post' executive editor Martin Baron on new owner Jeff Bezos

What does Amazon.com founder Jeff Bezos bring to The Washington Post, which he just agreed to buy for $250 million?

Here's how the Post's executive editor, Martin Baron, answered that question Tuesday on Here & Now:

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Business
10:07 am
Tue August 6, 2013

Will A Hockey Arena Save Detroit?

Transcript

MICHEL MARTIN, HOST:

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Shots - Health News
7:54 am
Tue August 6, 2013

Smoking Ban Tilts Odds Against Ambulance Calls From Casinos

Feeling lucky? Smoke-filled casinos cloud the health outlook for workers and gamblers alike.
William Thomas Cain Getty Images

Originally published on Tue August 6, 2013 2:20 pm

Public health advocates have lobbied hard in recent years to clear restaurants, bars and other workplaces of tobacco smoke, and the winds seem to be at their back.

Already, 36 states and the District of Columbia have enacted some version of an indoor smoking ban to protect the health of workers and patrons, and many local communities in other states have followed suit.

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The Two-Way
7:02 am
Tue August 6, 2013

Will 'The New York Times' Be Next To Be Sold?

The New York Times' front page on Tuesday.
NYTimes.com

Originally published on Tue August 6, 2013 8:26 am

  • On 'Morning Edition': NPR's Wendy Kaufman reports on Jeff Bezos
  • On 'Morning Edition': NPR's David Folkenflik talks with Linda Wertheimer about the sale of 'The Washington Post'

After Monday's surprising news that Amazon.com founder Jeff Bezos is buying The Washington Post for $250 million — a deal that came just days after the Boston Globe was sold for $70 million to Boston Red Sox owner John Henry — a question naturally occurs:

Who's next?

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Business
2:46 am
Tue August 6, 2013

Study: Glass Ceiling True For Female White Collar Criminals

Originally published on Tue August 6, 2013 5:04 am

Transcript

LINDA WERTHEIMER, HOST:

Today's Last Word In Business is criminal glass ceiling. A new study suggests that female white collar crooks face the same barriers as their law-abiding counterparts in the corporate world.

RENEE MONTAGNE, HOST:

A team of researchers from Penn State studied the involvement of women in recent corporate fraud cases. It found women held inferior positions in criminal conspiracies, and profited significantly less from their misdeeds.

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Business
2:46 am
Tue August 6, 2013

GM Looks To China To Boost Car Sales

Originally published on Tue August 6, 2013 4:06 am

Transcript

LINDA WERTHEIMER, HOST:

General Motors is selling a lot of cars in China. The company set a sales record there in July.

NPR's Sonari Glinton reports China is in the front line in the battle for automotive global dominance.

SONARI GLINTON, BYLINE: In China this year, forecasters predict nearly 20 million cars will be sold. In the U.S., the bet is we'll sell about 15 and a half million.

Mike Wall is with IHS Automotive.

MILE WALL: Yeah, you really can't overstate the importance of China in the overall global automotive landscape.

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Business
2:46 am
Tue August 6, 2013

Jeff Bezos To Buy 'Washington Post' From Graham Family

Originally published on Wed August 7, 2013 11:21 am

Transcript

RENEE MONTAGNE, HOST:

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

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer. This morning, The Washington Post is in its own headlines. The Graham family, which controlled the Post for eight decades, is selling the flagship paper. Here's Washington Post Chairman Donald Graham, in a Post-TV video talking about the sale.

(SOUNDBITE OF POST-TV VIDEO)

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Business
2:46 am
Tue August 6, 2013

Bezos Tells 'Post' Employees He Shares Paper's Values

Originally published on Tue August 6, 2013 4:06 am

The world of newspapers was rocked Monday by news that Jeff Bezos, the founder and CEO of Amazon.com, is buying The Washington Post for $250 million. Bezos' purchase of the paper will bring to an end its association with the Graham family, which bought the Post in 1933.

Business
2:46 am
Tue August 6, 2013

General Motors Lowers Sticker Price Of Chevy Volt

Originally published on Tue August 6, 2013 4:59 am

The company is hoping the move will increase sales. The 2014 model of the plug-in car will now cost about $35,000 — more than 12 percent less than last year's model. Ford and Nissan have already reduced the prices on their electric cars.

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