Professional hockey is getting close to the moment when it will have to cancel its entire season for the second time in eight years. So far, a lockout that began last September has forced games to be cancelled through the middle of December. The two sides in the National Hockey League labor dispute are expected to meet again today, after nearly 10 hours of talks yesterday.
We begin NPR's business news today with a Facebook status update.
Facebook will join the Nasdaq 100 Index next week. It's replacing Indian tech company Infosys. It used to be that companies had to be listed on the Nasdaq for two years before they could become part of this elite index. Facebook only had to wait three months, thanks to some rule changes Nasdaq made back when the social network decided to go public. Transcript provided by NPR, Copyright National Public Radio.
Some top-tier business schools are offering more than just finance and marketing these days: Duke, UCLA, MIT and Stanford are all teaching improv. Professors say these techniques help students increase collaboration, creativity and risk taking.
In an improvisational leadership class at MIT's Sloan School of Management, instructor Daena Giardella coaches a scene where a hospital administrator is firing surgeons after a horribly botched operation.
Giardella, who does professional improv, boils it down to a rule known as "yes, and."
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
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And I'm Audie Cornish. American Airlines has been in bankruptcy for more than a year and looks like it will be there a while longer. The airline has asked a judge in New York for yet another extension to file its restructuring plan. Executives are hoping American can remain a standalone carrier. The company's unions, on the other hand, say they've had it and they want the company to merge with U.S. Airways.
North Dakota has the lowest unemployment rate in the country, fueled by a booming oil economy. In fact, it's been so hard to find workers in Minot, North Dakota, in the north central part of the state, that one big box store is flying them in from Wisconsin. Dan Feldner of the Minot Daily News joins me to talk about it. And Dan, we're talking about the home improvement retailer Menards. The headquarters is in Au Claire, Wisconsin.
A promotional image for the Netflix Just for Kids portal. The new deal announced with Disney is the first time that one of Hollywood's major studios has sold the coveted rights to Netflix Inc. instead of a premium TV network.
Netflix's video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters.
The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to a popular service that streams video over high-speed Internet connections.
This is TALK OF THE NATION. I'm Neal Conan in Washington. Later in the program, exit interviews with Senator Joseph Lieberman and Congressman Ron Paul as they leave Congress after many years. But first we continue our Opinion Page series on the fiscal cliff.
And now to matters of personal finance. We all remember the financial crisis the country faced four years ago. The numbers suggest that the economy is improving slowly but surely. Interest rates are at near record lows, but our next guest says - and this is something you might have experienced yourself - a lot of people are still having a difficult time getting access to credit, especially small-business owners and home owners with less than perfect credit.
There is a lot of speculation now about what issues - big and small - the Obama administration should tackle in its second term. Education is one thing on many of those lists, and in Washington yesterday, the talk was about one of the hottest trends in the field - something called MOOCS. MOOCS is short for Massive Open Online Courses; college courses, to be exact.
NPR's business news starts with questions for Chinese regulators.
(SOUNDBITE OF MUSIC)
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The United States has accused five Chinese auditing firms of violating U.S. securities laws. A lawsuit says the auditors are refusing to turn over documents tied to companies that the U.S. wants to investigate.
And our last word in business today, some rumors confirmed. After a three-year break, Fleetwood Mac will be touring again next year. The band has announced a 34-city tour which will kick off in Columbus, Ohio in the spring.
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This year marks the 35th anniversary of the release of "Rumors," hits including, "Dreams" and "Go Your Own Way" were on that album.
GREENE: And, I guess when you're Fleetwood Mac, you don't need a new album to prompt a tour. The band's last studio release came out back in 2003.
Internet radio service Pandora is being closely watched by investors. The company is set to announce its latest quarterly earnings Tuesday. Last week, the head of Pandora was in Washington to push for lower music royalties.
News Corp chairman and CEO Rupert Murdoch, yesterday, revealed the details of his plan to split his media and entertainment conglomerate. One side will include the newspapers and publishing house. The other will contain its profitable television properties and movie studios. As NPR's David Folkenflik reports, Murdoch is trying to appease shareholders, and at the same time, save the newspapers that propelled his initial fortune.
Are the days of "daily deal" coupons about to expire? Shares of email coupon company Groupon are down nearly 80 percent since going public last year. And its smaller rival, Living Social, plans to lay off as many as 400 employees, after reporting a net loss of more than $560 million in the third quarter.
Those struggles have raised questions about the future of the daily deal strategy, and whether a company like Groupon can stay in business.
Originally published on Tue December 4, 2012 11:11 am
A few days ago, two big names in food policy squared off for a formal debate on the following proposition: There is a fundamental and irreconcilable conflict between the food and beverage industry's interests and public health policy interests on obesity.
News Corp announced on Monday that it's making some changes to its management and structure. The company has decided to end The Daily, its tablet-exclusive newspaper. They have also named the management team for its split off newspaper division. David Folkenflik talks to Audie Cornish.
Ford Motor Company is changing the name of it Lincoln brand to the Lincoln Motor Company. Ford is also planning to sell the hybrid version of their flagship sedan, the new MKZ, for the same price as the gasoline version.
Originally published on Mon December 3, 2012 8:01 am
Saying that "we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term," News Corp. CEO Rupert Murdoch said this morning that The Daily will "cease standalone publication" on Dec. 15.
Well, the subject of our last word in business today may not change the world, but it is kind of snazzy. It is called the Air Umbrella. Now, picture an umbrella handle and nothing else, sort of like a wand.
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Yeah. We are entering a magic world, here. That wand apparently keeps you dry by releasing a shield of air. The tech website Mashable says it's still a design concept, but in theory, you could adjust the power and size of your invisible air shield depending on how heavily it's raining.
The battle over the looming spending cuts and tax increases known as the "fiscal cliff" begins this week where it ended last week — deadlocked. While there is no agreement on how lawmakers should work out the details of a compromise, there is widespread consensus that a deal must get done for the good of the country.
Treasury Secretary Timothy Geithner says it's up to congressional Republicans to take the next step in budget talks to avoid the pending automatic spending cuts and tax increases at the end of the year.
Brad Hines is a building contractor in Los Angeles who spends a good eight hours a day in his 2008 Dodge Ram. He talked to us from his truck — hands-free, of course.
"I do everything in my truck. I drive from job site to job site. I take calls. I try to get on the computer and clean up daily reports. I answer emails on my phone. I use my truck as a mobile office," Hines says.
The idea of the mobile office is far from new — Willy Loman; the Avon Lady; plumbers; electricians. Now, technology is taking the idea of working from the road to a whole new level.
Now for the next installment in what's becoming a long-running tale about one of America's highest profile tech companies. Hewlett-Packard was back in the headlines last week when its CEO claimed that Autonomy, a company it acquired last year for more than $11 billion in cash, had lied about its revenues to increase its sale price. Joe Nocera of The New York Times has been watching all of this unfold. He joins us from Sag Harbor, New York. Joe, thanks very much for being with us.
I grew up in a car family. Not car enthusiasts; car makers. My grandfather worked for General Motors in Detroit on the assembly line beginning in the 1940s. My mother was a middle manager at Ford's Chicago assembly plant in the '70s. I worked at the same plant during summers in the '90s. Today, one of my cousins works for Chrysler and another works for an auto supplier.