Business

NPR Story
3:12 am
Fri March 15, 2013

JPMorgan In Hot Seat Over London Whale Losses

Transcript

RENEE MONTAGNE, HOST:

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Author Interviews
3:12 am
Fri March 15, 2013

'Bankers' New Clothes' Leave Too Little Skin In The Game

Originally published on Fri March 15, 2013 4:50 am

At a hearing in Washington on March 6, Attorney General Eric Holder admitted to senators why it has been hard to go after big bank executives:

"It does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large."

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Pop Culture
3:12 am
Fri March 15, 2013

Angry Birds TV, Coming To A Mobile Screen Near You

A scene from the upcoming animated series based on the popular game Angry Birds. The show will be distributed to existing users of the digital game.
Rovio

Originally published on Fri March 15, 2013 9:57 am

People of all ages have been passing the time playing Angry Birds on their mobile devices. Now Rovio, the company that created the best-selling app, is offering fans a new cartoon series based on the game, which has so far been downloaded 1.7 billion times.

The concept behind Angry Birds is extremely simple: There are these colorful cartoon birds that are angry because some green pigs are after their eggs. Players of the digital game use slingshots to catapult the birds — who don't fly — to destroy structures hiding the pigs.

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Planet Money
3:35 pm
Thu March 14, 2013

Colleges Offering Bigger Merit Scholarships Is A Problem (If You Don't Get One).

Kenyon College is a liberal arts college in central Ohio.
Kenyon College

Originally published on Thu March 21, 2013 8:37 am

A bunch of private colleges have been in a financial aid arms race for years now, offering bigger and bigger merit scholarships to lure the best students.

This is nice for the students who get big merit scholarships. But it's not so nice for everybody else. Colleges have to come up with the money for those merit scholarships somehow — and they've done it in part, by jacking up tuition. (We did a story on this last year.)

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The Fast World Of Fast Fashion
3:27 pm
Thu March 14, 2013

Showing Off Shopping Sprees, Fashion 'Haulers' Cash In Online

Abigail Moscaritolo holds up a recent fashion find on a "haul video." The YouTube trend has become so popular that fashion retailers are approaching haulers to promote their products online.
AbbyLynn401/YouTube

Originally published on Thu March 14, 2013 4:49 pm

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Media
1:24 pm
Thu March 14, 2013

Jake Tapper Takes A Host Chair At CNN

The veteran reporter has recently moved from ABC News to CNN where he now hosts his own show and serves as Chief Washington Correspondent. In Part II of this interview, Tapper talks about fact-checking the Swift Boat Veterans for Truth and blow back from the White House after asking tough questions.

The Two-Way
6:44 am
Thu March 14, 2013

Jobless Claims Drop; Wholesale Prices Rise

The number of people filing first-time claims dropped by 10,000 last week from the week before, to 332,000, the Employment and Training Administration says.

That means claims continue to run at their lowest pace since January 2008. They've now fallen for three straight weeks.

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The Two-Way
5:37 am
Thu March 14, 2013

Book News: Apple CEO Ordered To Testify In E-Book Price Fixing Case

Apple CEO Tim Cook has reportedly been ordered to testify for four hours in the U.S. government's case against the company.
Justin Sullivan Getty Images

Originally published on Thu March 14, 2013 6:10 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
3:40 am
Thu March 14, 2013

Samsung To Unveil Galaxy S4

Originally published on Thu March 14, 2013 7:34 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Samsung's new star.

At least the company hopes it is a star. Samsung is planning to unveil its new Galaxy S4 smartphone tonight in New York City, throwing down a new challenge to Apple's iPhone. The new Galaxy will be the flagship device on Google's Android platform, which dominates the smartphone market.

STEVE INSKEEP, HOST:

Samsung is now the sales leader for the industry, selling almost 385,000,000 cell phones last year.

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Business
3:26 am
Thu March 14, 2013

GM's Archive Offers Glimpse Of Its Past And Future

Cars at the GM Heritage Center in Sterling Heights, Mich., include a 1951 Le Sabre concept, at left.
General Motors

Originally published on Thu March 14, 2013 11:12 am

Transcript

RENEE MONTAGNE, HOST:

Let's consider a company, now, that's had lots of ups and downs - General Motors. Most of GM's history is in the form of cars, and that history is housed in a nondescript warehouse in a suburb of Detroit. It's called the GM Heritage Center. Not open to the public, it's an automotive archive.

NPR's Sonari Glinton got a tour.

SONARI GLINTON, BYLINE: There's probably no better job for a car nut than to be in charge of a vast auto archive for one of the biggest and oldest car companies.

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Business
3:26 am
Thu March 14, 2013

'Veronica Mars' Fans Set A Kickstarter Record

Originally published on Thu March 14, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Life on Mars.

The TV show "Veronica Mars" starred Kristen Bell as a teenage detective. Critics loved it. It gained a lot of devoted fans, but the show was canceled in 2007 after three seasons.

RENEE MONTAGNE, HOST:

Yesterday, the show's creator took to Kickstarter to raise money to make a movie version of the show. And in less than 12 hours, those devoted fans pledged more than $2 million, smashing the site's records along the way.

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Business
3:26 am
Thu March 14, 2013

Tablet Wars Heat Up As Amazon Cuts Kindle's Price

Originally published on Thu March 14, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

Now to those things that look like blown up versions of smartphones - tablets. Amazon has just slashed the price on two of its devices.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Amazon cut the price of its Wi-Fi only, large screen Kindle Fire HD to $269 and slashed the price of its 4G wireless version to $399 - substantially less than Apple's iPad.

Apple still leads the tablet market, but Technology research firm IDC predicts that Android devices lead by Samsung, will overtake iPads later this year.

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All Tech Considered
4:44 pm
Wed March 13, 2013

'Serendipitous Interaction' Key To Tech Firms' Workplace Design

Google employees play chess at the company's Russian headquarters in Moscow. Experts say tech companies are using "serendipitous interaction" in their workplace design to promote idea sharing and communication between employees.
Krasilnikov Stanislav ITAR-TASS /Landov

When Yahoo CEO Marissa Mayer decided to end full-time work-from-home arrangements at her company, a cultural firestorm ignited. But it was just the latest step in Mayer's effort to transform Yahoo's culture.

When the company was founded in the 1990s, it was one of the most exciting places to work in Silicon Valley. Those days are over; Yahoo has fallen woefully behind in the talent wars and now is trying to catch up.

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Business
3:35 pm
Wed March 13, 2013

Fast Fashion's Challenge: Making Money With 'Made In The USA'

American Apparel boasts that all of its products are made in the USA, primarily at its Los Angeles headquarters. Selling garments produced largely by machine, rather than by hand, has helped the company remain profitable.
Mark Ralston Getty Images

Originally published on Wed March 13, 2013 5:02 pm

In the world of fast fashion, two U.S.-based companies loom large: Forever 21 and American Apparel. Both are based in Los Angeles, but the two could not be more different.

American Apparel proudly boasts that the clothes it sells are "made in the USA." In contrast, Forever 21 subcontracts with factories all over the world.

Dov Charney, American Apparel's Canadian-American founder and CEO, has a reputation. "I knew from a very early age — in elementary school — that I was going to rub some people the wrong way," he says.

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Money Coach
9:57 am
Wed March 13, 2013

When Retirement Goes Wrong

Originally published on Wed March 13, 2013 11:34 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now, we want to take some time to talk about retirement. Later this hour, we will hear from someone who decided to retire at the advanced age of 32 and - no, his last name is not Buffett or Rockefeller or Gates. We'll ask him why and, equally important, how he managed to do this. That's coming up later this hour.

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Money Coach
9:57 am
Wed March 13, 2013

How To Have Your 'First Retirement' At 32

Originally published on Wed March 13, 2013 11:34 am

Transcript

MICHEL MARTIN, HOST:

We want to turn now to someone who is thinking about retirement in a very different way. Carl Seidman is in his early 30s, but just a few weeks ago, he quit his job as a consultant in Chicago and hopped on a plane to Chile. He's calling it his first retirement and he says you don't have to wait until you're 65 to retire either, and he's going to tell us more about that.

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The Two-Way
6:45 am
Wed March 13, 2013

Retail Sales Rose In February; Spending Was 'Relatively Robust'

Retail sales rose an estimated 1.1 percent in February from January and were up 4.6 percent from February 2012, the Census Bureau says.

Kathy Bostjancic director of macroeconomic analysis at the The Conference Board research group, says in an analysis sent to reporters that the report's a sign that "consumer spending remains relatively robust." And since consumers buy about 70 percent of all goods and services, their willingness to spend is a key economic driver.

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Business
3:28 am
Wed March 13, 2013

Indianapolis Airport Named Best In North America

Originally published on Wed March 13, 2013 3:36 pm

Transcript

RENEE MONTAGNE, HOST:

One American airport already has that wow factor, which brings us to today's last word in business, which is: First Class.

STEVE INSKEEP, HOST:

The Indianapolis International Airport was named the Best Airport in North America by the Airports Council International. They're right. It's nice. The annual Airport Service Quality awards are determined by year-round passenger satisfaction surveys.

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Business
3:28 am
Wed March 13, 2013

FAA OKs Boeing Fix For 787 Dreamliner Batteries

Originally published on Wed March 13, 2013 3:36 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with the movement for Boeing.

(SOUNDBITE OF MUSIC)

Business
3:28 am
Wed March 13, 2013

China's Hot Real Estate Market Takes Broad Toll

Originally published on Wed March 13, 2013 3:36 pm

Transcript

RENEE MONTAGNE, HOST:

In China, property prices continue to spiral upwards, despite government efforts to cool off the hot real estate market there. In recent weeks, there have been warnings that the Chinese housing bubble will burst, with dire effects on the broader economy and the entire world. Some don't see that happening, and one skeptic is Leta Hong Fincher. She is a sociology researcher who studies real estate in China. We reached her in Beijing.

Thank you for joining us.

LETA HONG FINCHER: Thank you for having me, Renee.

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Business
3:28 am
Wed March 13, 2013

More Airports Renovating, Adding New Terminals

Originally published on Wed March 13, 2013 3:36 pm

Transcript

STEVE INSKEEP, HOST:

Now let's come back to the United States for this next story, because over the past few years, more than a dozen American airports - big and small - have renovated or added new terminals. The latest in Birmingham, Alabama opens today.

NPR's Russell Lewis reports on why so many airports are sprucing up.

RUSSELL LEWIS, BYLINE: With just hours before the new $200 million terminal was to open, it was a mad dash...

(SOUNDBITE OF DRILLING)

LEWIS: ...as workers drilled signs above the restaurants,

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Business
3:28 am
Wed March 13, 2013

Chinese Solar Company Shuts U.S. Factory

Originally published on Tue March 26, 2013 3:32 pm

Transcript

RENEE MONTAGNE, HOST:

The Chinese solar company Suntech announced yesterday it will shut down its only factory here in the U.S.

As Peter O'Dowd reports from member station KJZZ, recent U.S. tariffs played a role in the plant's failure.

PETER O'DOWD, BYLINE: Suntech had been making solar panels in the Phoenix suburb of Goodyear for two years. But in that time, GTM Research analyst Shyam Mehta says the global price of solar panels had fallen by more than 60 percent.

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The Salt
4:15 pm
Tue March 12, 2013

Can Dunkin' Donuts Really Turn Its Palm Oil Green?

Dunkin' Donuts plans to go green by committing to purchasing all of its palm oil from sustainable sources.
Andrew Huff/via Flickr

Originally published on Tue March 12, 2013 5:13 pm

Dunkin' Donuts is changing its recipes — though you may not notice much difference the next time you bite into a cruller. In response to pressure from one of New York's top elected officials, the company recently announced that it will set a goal of using only 100 percent sustainable palm oil in making its donuts.

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Business
3:44 pm
Tue March 12, 2013

Cruise Industry Stays Confidently Afloat Amid Major Accidents

Originally published on Tue March 12, 2013 4:42 pm

Transcript

MELISSA BLOCK, HOST:

If the cruise industry is smarting from some recent PR disasters, it's not letting on. Executives are gathered in Florida this week for Cruise Shipping Miami, a big conference. It's been a month since an engine fire on the Carnival Triumph knocked out the ship's power, leaving it stranded in the Gulf of Mexico. Cable networks seem to carry every moment of the drama, as the ship and more than 3,000 passengers were towed slowly to port.

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Business
2:10 pm
Tue March 12, 2013

The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire

A notorious recluse, Amancio Ortega founded the Zara clothing chain and is No. 3 on Forbes magazine's billionaire list.
Inditex AP

Originally published on Tue March 12, 2013 6:18 pm

He's the richest man you've never heard of: Amancio Ortega, founder of the Spanish clothing chain Zara. He's a notorious recluse who is rumored to wear the same plain shirt every day, but his Zara empire has come to define the concept of fast fashion.

And now he's taken Warren Buffett's No. 3 spot on Forbes' billionaires list.

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The Two-Way
12:09 pm
Tue March 12, 2013

Google Will Pay $7 Million To Settle Street View Data Capturing Case

The camera mounted on a Google Street View car used to photograph whole streets obscures part of the U.S. Internet giant's logo.
Daniel Mihailescu AFP/Getty Images

Originally published on Tue March 12, 2013 12:37 pm

Google has agreed to pay a $7 million fine to settle claims from 37 states and the District of Columbia that the search giant improperly collected data from unsecured wireless networks across the United States using its "Street View" vehicles.

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Shots - Health News
11:00 am
Tue March 12, 2013

When It Comes To Health Care, Patients Don't Want To Weigh Costs

Patients say they feel little personal responsibility for keeping health costs lower.
Andrei Tchernov iStockphoto.com

Originally published on Thu March 14, 2013 3:06 pm

People willingly drive across town to save 50 cents on a carton of milk. But when it comes to health care, they don't want to think about how much it costs, and they don't want their doctors to think about it either, according to a recent study in the journal Health Affairs.

That's not good news for those who hope to nudge people into being more cost-conscious health care consumers.

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Business
3:33 am
Tue March 12, 2013

SEC Charges Illinois With Fraud Over Pensions

For only the second time ever, the Securities and Exchange Commission is charging a state with fraud, for allegedly misleading investors about the health of its pension funds. The SEC says the state of Illinois did not properly inform investors that its pension funds were significantly underfunded when selling bonds from 2005 to 2009. This is the latest fiscal black eye for a state with a pension shortfall approaching a whopping $100 billion. The state has agreed to settle the charges.

Business
3:17 am
Tue March 12, 2013

SEC Nominee Faces Senate Panel In Confirmation Hearing

Originally published on Tue March 12, 2013 3:49 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with the SEC nominee.

(SOUNDBITE OF MUSIC)

Business
3:17 am
Tue March 12, 2013

Cruise Ship Leaders To Discuss Industry's Future

Leaders of several cruise lines are meeting in Miami on Tuesday to discuss the state of the industry. The conference comes after a series of setbacks, including a cruise ship losing power for days in the Gulf of Mexico.

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