NPR's business news starts with questions for Chinese regulators.
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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.
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.
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.
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.
The Carousela cafe in West Jerusalem is one of a handful of restaurants and cafes in Israel staging a bit of a rebellion by defying Jewish religious authorities who claim they are the only ones who can certify restaurants as kosher, or in compliance with Jewish dietary laws.
Sim City is also among the first 14 titles in the Museum of Modern Art's new video game collection. The New York City museum's website says video games are not only art, they're design. And design is among the selection criteria — along with cultural relevance. MOMA hopes to have about 40 titles when the exhibit opens in March.
The president of the European Central Bank said Friday that the eurozone has yet to emerge from its economic crisis but is on a path to see a recovery by the second half of 2013. But there are still many challenges. Just after that interview, new numbers showed unemployment in the euro zone rose to a record 11.7 percent in October.
Just when you thought you never had to look at another political ad, they're back — this time focused on the big debate in Washington about taxes and spending. Unions, business groups and other special interests have taken their arguments to the nation's living rooms and computer screens.
Five years after his much-hyped arrival in the United States, David Beckham is playing his last game for the L.A. Galaxy on Saturday. David Greene speaks with Los Angeles Times sportswriter Kevin Baxter about whether Beckham lived up to America's expectations.
Fast-food workers staged protests Thursday at restaurants in New York. The workers said their low wages need to be raised. But with the economy still slow, restaurant managers are determined to hold down labor costs so they can offer dollar foods.
When the NFL wants to make a play for a particular demographic, they go long. To attract Latinos, it forged partnerships with Univision and Telemundo. To keep women happy, it came out with a clothing line featuring shirts that actually fit better than those boxy jerseys.
Now, to engage children, the NFL is going where kids go: Nickelodeon. NFL Rush Zone: Season of the Guardians is a new series rolling out Friday, co-branded by the NFL and Nicktoons.
Most of the news we hear about Mexico these days is about drug-related violence. But it turns out there's another, brighter story there: The country's economy has been growing at a solid pace for the past couple years, driven in large part by solid exports.
Among other things, Mexico is the world's largest exporter of flat-screen TVs. There are a lot of factories just south of the U.S. border, filled with workers putting together televisions. The individual parts come from Asia, but the final assembly is done in Mexico.
Facebook has a long history of upsetting its users by suddenly announcing a change to its privacy settings. In 2009, as a way to quiet the critics, Facebook set up a system for its customers to vote on changes. If enough of them were unhappy, the company would back down. Now, Facebook wants to get rid of the voting.