NPR's business news begins with gold losing some of its glitter.
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INSKEEP: The explosions in Boston and a report showing China's economy to be slowing caused upheaval in many markets yesterday. But gold took the spotlight when its price dropped by more than 9 percent by the end of trading. This is the sharpest daily decline in the gold price in 30 years. Analysts say it suggests investors are losing faith in the precious metal as a safe haven.
Retired miners are converging on St. Louis Tuesday for a union rally to protest a proposed cut in health benefits. Patriot Coal is in bankruptcy and has asked a federal judge to allow it to shed most of the health coverage for nearly 10,000 retired miners. But most of those miners never worked a day for Patriot.
The 2013 Pulitzer Prizes were awarded today in journalism, fiction, poetry, drama and music. Among the winners: many of the most prominent news organizations and some less prominent. NPR media correspondent David Folkenflik joins us now from our bureau in New York. And, David, tell us about some of today's winners.
Imagine for a second what it would be like if you could talk to your radio, and your radio would actually listen. To get an idea of what this might be like, I downloaded an app called Talk to Esquire, from the magazine of the same name.
When I opened it, the app asked me a question: What's your favorite type of liquor? That's a little forward, but it's Esquire so I played along and told the app that I'm more of a beer drinker.
Originally published on Mon April 15, 2013 3:06 pm
Is small-batch hard apple cider the next microbrew? It seems everybody and their brother is experimenting with ways to make the potent stuff profitable. Sales of domestically produced hard cider have more than tripled since 2007, according to beverage industry analysts — and that's not counting Europe, where it has held a steady popularity for centuries.
Bitcoins are a digital currency, attractive to those who prefer not to leave a paper trail when they buy and sell things online. Over the past two years, the Bitcoin community has widely expanded and the value of the currency has fluctuated wildly.
This is TALK OF THE NATION. I'm Celeste Headlee in Washington. Imagine April 15 but without tax returns, without the mad scramble to finish them, the long wait at the post office, the piles of receipts piling up for deductible expenses, in other words an America without tax returns.
Originally published on Mon April 15, 2013 4:27 pm
Hi, it's another installment of Ask A Banker. We've gotten lots of good questions, and also lots of bad questions, on Twitter and email, but answered only a fraction of them, in part because in some columns I just answered questions that I or Planet Money made up. Sorry. So let's make up for lost time by giving short answers to a bunch of real questions from real people, or at least real email accounts.
Originally published on Mon April 15, 2013 10:36 am
Satellite TV distributor Dish Network has offered to buy telecom giant Sprint Nextel Corp. in a $25.5 billion deal, a move that could derail a similar offer by the Japanese phone company SoftBank.
Dish says that it has offered $17.3 billion in cash and $8.2 billion in stock for Sprint. After the news was announced on Monday, Sprint's stock jumped 15 percent in pre-market trading, according to The Associated Press.
Originally published on Mon April 15, 2013 10:45 am
Federal aviation officials have ordered that more than 1,000 Boeing 737s be examined to see if a key part on the plane's tail section needs to be replaced, The Wall Street Journal reported Monday.
The Federal Aviation Administration issued the airworthiness directive for a pin that holds the 737's horizontal stabilizer to the rest of the tail, to see if it is in danger of failing prematurely. The horizontal stabilizer — also known as the tail plane — enables the pilot to control the aircraft's pitch.
GREENE: Bloomberg News is reporting that billionaire investor John Paulson has lost more than $300 million as a result of the slide in gold prices. After climbing for years, gold has recently lost considerable ground. And it's widely expected to fall even further this week.
The intersection of Crenshaw Boulevard and 28th Street looks like a lot of intersections in Los Angeles: There's a Taco Bell on one corner and a strip mall with a liquor store and a Liberty Tax Service office on the other. And out in front, as traffic speeds by, 27-year-old Robert Oliver is hard at work — dancing.
"So, chest movements like this, this is called bucking," he says. His chest bounces to the beat. His Bluetooth headphones are on. And his feet glide across the hot sidewalk like he's on ice. "I come up in here and I go down, and that's called a kill-off."
Originally published on Wed April 17, 2013 1:39 pm
The baseball season is still young, but the New York Yankees have already faced harsh public criticism. No, we're not referring to their lackluster record. Instead, the Yanks were accused of trying to hoodwink beer drinkers with a new "Craft Beer Destination" concession stand at their Bronx stadium.
Originally published on Mon April 15, 2013 10:40 am
Still haven't filed your taxes, eh?
Well, you have until 11:59 p.m. Monday to get it all done — or at least file for an extension that gets you off the hook until Oct. 15. To help all of you procrastinators, here are answers to a few of your questions.
If I'm filing by mail, can I come skidding into the post office at 11:58 p.m. and still make the deadline?
Many authors struggle to make a living in America, thanks to smaller advances, shrinking royalties and the merging of publishing houses and the impact of e-books. The challenges are embraced by some and make others wary. Writer Scott Turow, who's also president of the Authors Guild, is in the latter camp. Host Jacki Lyden talks to Turow about his recent New York Times op-ed on the topic.
A new immigration bill is expected to be introduced in the U.S. Senate next week, calling for better border security and a path to citizenship for 11 million immigrants in the United States without legal status.
One big hurdle toward that was cleared this week when the United Farm Workers reached a deal with growers that would address wages and caps the number of visas allowed for new workers.
In the age of hundreds of cable channels, millions of 140-character bulletins and an untold number of cat videos, a fear has been growing among journalists and readers that long-form storytelling may be getting lost.
Originally published on Fri April 12, 2013 10:56 am
A severance package of $20 million might have seemed reasonable to American Airlines CEO Tom Horton, but a U.S. bankruptcy judge says it's too much.
The proposed payout, part of a deal that would merge American parent AMR and US Airways Group, first caught the attention of U.S. Trustee Tracy Hope Davis, a Department of Justice official monitoring AMR's Chapter 11 bankruptcy.
And our last word in business today is, what do you want on your burger? The CEO of Burger King Worldwide is stepping down. Forty-three-year-old Bernardo Hees has been wearing the Burger King crown since 2010, when the fast food chain was bought out by 3G Capital.
In Los Angeles, a former partner at KPMG, one of the big four accounting firms, has been charged with insider trading.
As NPR's Nina Gregory reports, Scott London is accused of trading tips for money and gifts.
NINA GREGORY, BYLINE: The details in the Justice Department's criminal complaint against Scott London read like bad fiction. Bags of hundred dollar bills wrapped in $10,000 bundles, a Rolex worth an estimated twelve-thousand dollars, secrets shared at the country club and covert recordings of phone calls.