Business

Business
3:29 am
Tue April 16, 2013

Business News

Originally published on Tue April 16, 2013 12:04 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with gold losing some of its glitter.

(SOUNDBITE OF MUSIC)

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.

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Business
3:29 am
Tue April 16, 2013

The Last Word In Business

Originally published on Tue April 16, 2013 12:04 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Pulitzer - or Pulitzer, as they used to pronounce it when I was growing up in Indiana.

Yesterday, the Pulitzer Prize winners were announced. The New York Times led the way, taking four awards for its reporting.

DAVID GREENE, HOST:

And in the arts category, this year marked the return of the prize for fiction. No winner was chosen in 2012. This year, Adam Johnson took the fiction prize for his book, "The Orphan Master's Son."

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Business
3:29 am
Tue April 16, 2013

Bankruptcy Affects More Than Patriot Coal's Retired Miners

Originally published on Tue April 16, 2013 12:04 pm

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.

Planet Money
1:55 am
Tue April 16, 2013

Most People Are Supposed To Pay This Tax. Almost Nobody Actually Pays It.

Amazon doesn't charge sales tax in most states — but you may still be on the hook to pay the tax.
Scott Sady AP

Originally published on Tue April 16, 2013 12:17 pm

The majority of Americans have now filed their taxes. And the majority of Americans have done so incorrectly.

There is one mistake, in particular, that lots of people made: They bought tax-free things online or in another state — and they failed to pay tax on their purchase in their home state.

It's called a use tax. As far as I can tell, accountants and tax lawyers are some of the only people who pay it.

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Media
4:06 pm
Mon April 15, 2013

Coveted Pulitzer Prizes Announced

Originally published on Mon April 15, 2013 8:02 pm

Transcript

ROBERT SIEGEL, HOST:

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.

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Business
4:06 pm
Mon April 15, 2013

Dish Satellite Network Tries To Upend Sprint Deal

Originally published on Mon April 15, 2013 8:02 pm

Transcript

ROBERT SIEGEL, HOST:

The satellite TV provider Dish Network made an aggressive bid today to move into wireless telecom. The company offered $25.5 billion to buy Sprint Nextel, the nation's third largest wireless carrier.

As NPR's Yuki Noguchi reports, the problem for Dish is that Sprint has already agreed to sell most of itself to a Japanese telecom company called SoftBank.

YUKI NOGUCHI, BYLINE: Charles Ergen sold satellites from his car in 1980. Now, Dish Network is the third largest video provider in the U.S.

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All Tech Considered
2:50 pm
Mon April 15, 2013

Speak Up! Advertisers Want You To Talk With New Apps

Drinks columnist David Wondrich is seen on Esquire's new Talk to Esquire app, which allows users to interact with several of the magazine's columnists through voice recognition.
Screengrab via YouTube

Originally published on Mon April 15, 2013 8:02 pm

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.

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The Salt
2:33 pm
Mon April 15, 2013

A Tax Day Story For Hard Cider Lovers

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.

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The Two-Way
12:35 pm
Mon April 15, 2013

Ford, GM Will Jointly Develop Fuel-Efficient Transmissions

Schematic of the current generation of six-speed transmissions co-developed by GM and Ford.
GM Wieck

Originally published on Mon April 15, 2013 1:04 pm

Rivals Ford and General Motors said Monday they will work together to develop new transmissions aimed at helping them meet upcoming fuel efficiency standards.

The new 9-speed transmissions for front-wheel-drive vehicles and 10 speeds for rear-drive and SUVs and trucks are expected to reach the market by 2016.

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Digital Life
12:33 pm
Mon April 15, 2013

What The Bitcoin Boom Could Mean For Online Commerce

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.

Economy
12:12 pm
Mon April 15, 2013

Taxes Without Returns: Pipe Dream Or Possibility?

Originally published on Mon April 15, 2013 1:34 pm

Transcript

CELESTE HEADLEE, HOST:

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.

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The Two-Way
11:22 am
Mon April 15, 2013

Oh, Yeah! Kool-Aid Man Gets A Makeover And A Personality

The new Kool-Aid Man.
PR Newswire

Smashing through walls and yelling "Oh, Yeah!" apparently aren't cool enough for Kool-Aid Man anymore.

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Planet Money
10:45 am
Mon April 15, 2013

Ask A Banker: What's It Like?

Paul Goyette Flickr

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.

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Your Money
9:53 am
Mon April 15, 2013

Tax Tips For Procrastinators

Originally published on Mon April 15, 2013 11:27 am

Transcript

MICHEL MARTIN, HOST:

Well, that was fun, but some people might still need some tax tips, so now let's turn to Marilyn Geewax. She's a senior business editor at NPR. Marilyn, thank you so much for stopping by.

MARILYN GEEWAX, BYLINE: Hi, Michel. I do have some of those tax tips for all of your procrastinators out there.

MARTIN: OK. So what's the first thing someone should do if he or she has still not filed his or her taxes, especially if they're filing the old-fashioned way by snail mail?

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The Two-Way
7:42 am
Mon April 15, 2013

Dish Network Makes $25 Billion Bid For Sprint

Sprint now has two suitors: Japan's SoftBank and Colorado-based Dish Network.
Joe Raedle Getty Images

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.

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The Two-Way
7:32 am
Mon April 15, 2013

FAA Orders Inspection Of Boeing 737s

An American Airlines 737-800 aircraft in January. The 737-800 is one of several variants the FAA has ordered to be inspected.
Scott Olson Getty Images

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.

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Business
2:42 am
Mon April 15, 2013

After Years Of Climbing, Gold Prices Slide

Originally published on Mon April 15, 2013 11:28 am

Transcript

DAVID GREENE, HOST:

And let's stay on the topic of billionaires.

STEVE INSKEEP, HOST:

Sure.

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.

Here's NPR's Jim Zarroli.

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Business
2:42 am
Mon April 15, 2013

Business News

Originally published on Mon April 15, 2013 11:28 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with billion-dollar paychecks.

(SOUNDBITE OF THEME MUSIC)

INSKEEP: Institutional Investor's Alpha, a publication focusing on hedge funds, releases its annual Rich List today.

And that list estimates the world's top 25 fund managers who earned a combined $14.4 billion last year - which is down slightly from the year before.

DAVID GREENE, HOST:

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Business
2:42 am
Mon April 15, 2013

The Last Word In Business

Originally published on Mon April 15, 2013 12:21 pm

Transcript

DAVID GREENE, HOST:

And our last word in business today is: The Cicada Index.

Every 17 years, these nasty, loud, little insects known as Brood 2 cicadas emerge in staggering numbers - as many as on billion per square mile from the Carolinas to Connecticut.

STEVE INSKEEP, HOST:

They have a grinding song. They have an endless appetite for vegetation, and most people along the East Coast dread their arrival. But savvy investors know better.

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Around the Nation
12:25 am
Mon April 15, 2013

Tax Day Is This Statue Of Liberty's Last Day Of Work

Robert Oliver, 27, dances on the corner of 28th and Crenshaw in west Los Angeles, dressed in a Statue of Liberty costume outside the offices of Liberty Income Tax.
David Gilkey NPR

Originally published on Mon April 15, 2013 11:28 am

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."

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The Two-Way
12:15 pm
Sun April 14, 2013

Beer Bust: Yankees Rename 'Craft Beer' Stand At Stadium

The New York Yankees' "Craft Beer Destination" met with derision online, after fans noted the beers were all MillerCoors products — and one of them is a cider. The stand now has a new title, the "Beer Mixology Destination."
Amanda Rykoff

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.

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Business
5:28 am
Sun April 14, 2013

Tax Tips For Procrastinators, And You Know Who You Are

A customer goes over tax documents at a post office in New York City on last year's Tax Day.
Justin Sullivan Getty Images

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?

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Author Interviews
3:02 pm
Sat April 13, 2013

'Market Power' And The American Author

Originally published on Sat April 13, 2013 4:09 pm

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.

It's All Politics
3:09 am
Sat April 13, 2013

Immigration Debate Puts Farm Workers Union In Spotlight

United Farm Workers members were among the crowd that filled the lawn on Capitol Hill during an immigration rights rally Wednesday.
Jacquelyn Martin AP

Originally published on Sat April 13, 2013 7:58 pm

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.

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Media
2:06 pm
Fri April 12, 2013

Great Long-Form Journalism, Just Clicks Away

As newspapers around the country struggle with declining subscription rates and smaller staffs, passionate, long-form digital storytelling is creating new ways of delivering richly detailed reporting.
Justin Sullivan Getty Images

Originally published on Mon April 15, 2013 9:12 am

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.

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The Two-Way
8:01 am
Fri April 12, 2013

Judge Rejects $20-Million Severance For American Airlines CEO

American Airlines CEO Tom Horton stands next to a control tower at Berlin Brandenburg Airport in March 2012.
Sean Gallup Getty Images

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.

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The Two-Way
6:50 am
Fri April 12, 2013

Wholesale Prices Plunge, But So Do Retail Sales

A steep drop in gasoline costs fueled a 0.6 percent decline in wholesale prices from February to March, the Bureau of Labor Statistics says.

Excluding the volatile food and energy sectors, the so-called core rate of inflation was also in check: those prices rose a modest 0.2 percent.

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Business
3:49 am
Fri April 12, 2013

The Last Word In Business

Originally published on Fri April 12, 2013 8:55 am

Transcript

DAVID GREENE, HOST:

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.

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Business
3:49 am
Fri April 12, 2013

Eli Lilly To Lay Off 30 Percent Of U.S. Sales Force

Originally published on Fri April 12, 2013 9:25 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with layoffs at Eli Lilly.

(SOUNDBITE OF MUSIC)

Business
3:49 am
Fri April 12, 2013

Ex-KPMG Partner Accused Of Insider Trading

Originally published on Fri April 12, 2013 8:55 am

Transcript

DAVID GREENE, HOST:

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.

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