Business

Technology
2:29 pm
Mon May 27, 2013

How Silicon Valley Glommed On To Politics

Originally published on Mon May 27, 2013 3:46 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. And now, All Tech Considered.

(SOUNDBITE OF THEME MUSIC)

Read more
The Salt
6:03 am
Mon May 27, 2013

A Hungarian Cherry Tree's Long Trek To Michigan

Amy Iezzoni of Michigan State University brought Balaton cherries to America.
Dan Charles NPR

Once upon a time, there was a small Hungarian village that was very proud of its sour cherries. The village was called Újfehértó. As in many Hungarian villages, tall cherry trees lined the streets and provided welcome shade in the summertime.

When communism came to Hungary after World War II, the government introduced big collective farms, and Hungarian scientists had to decide which cherries the farms should grow.

Read more
Business
2:43 am
Mon May 27, 2013

The Last Word In Business

Originally published on Mon May 27, 2013 4:08 am

Electrical engineer Fred Hatfield bought an Apple-1 computer in 1976, one of Apple's first computers. At an auction in Germany over the weekend, it sold for $671,400. This sale topped the winning bid for an Apple-1 sold last November in Germany.

Around the Nation
2:43 am
Mon May 27, 2013

Post Sandy: Jersey Shore Celebrates Memorial Day Holiday

Originally published on Mon May 27, 2013 2:47 am

Transcript

DAVID GREENE, HOST:

And let's go now to the Jersey Shore. As Scott mentioned, businesses are re-opening. Most beaches and boardwalks were ready for the Memorial Day weekend crowds. But months after Sandy, some towns are still rebuilding - in some cases, just starting the demolition phase.

Here's Tracey Samuelson, from member station WHYY.

Read more
Business
2:43 am
Mon May 27, 2013

Garment Industry Follows Threads Of Immigration Overhaul

A man views merchandise at an American Apparel store on the Third Street Promenade in Santa Monica, Calif., on April 24, 2012. Each year, the company makes more than 40 million articles of clothing out of its L.A.-area factory.
Reed Saxon AP

Originally published on Tue May 28, 2013 7:31 am

In Los Angeles, the business of fashion is big. The apparel business employs as many as 45,000 workers in L.A. County, many of them immigrants.

Consequently, the garment industry is worried about the outcome of the immigration debate and watching closely to see what happens.

'You Don't Have Another Choice'

One of the heavyweights is American Apparel, which makes more than 40 million articles of clothing each year out of its factory near downtown L.A.

Read more
Business
2:43 am
Mon May 27, 2013

Hulu's Future Depends On Which Company Buys It

Originally published on Mon May 27, 2013 3:06 am

Multiple companies — from Time Warner Cable to Yahoo — are said to be interested in acquiring Hulu. The site streams TV shows and movies online. Some shows on Hulu are free, but paid subscribers get access to more programming.

Afghanistan
2:43 am
Mon May 27, 2013

Food Entrepreneur Is A New Breed Of Afghan Business Owner

Originally published on Mon May 27, 2013 8:11 am

Transcript

DAVID GREENE, HOST:

Read more
Business
2:43 am
Mon May 27, 2013

Business Nedws

Originally published on Mon May 27, 2013 6:09 am

Wholesale prices for choice-grade beef hit an all-time high last week — up to $2.11 a pound before dropping back a bit. The high prices are blamed on the continued drought in many cattle-producing states.

The Salt
1:32 am
Mon May 27, 2013

Twinkies' Return Is Mostly Sweet News For Kansas Town

Hostess Twinkies are offered for sale in Chicago, part of the last shipment of Hostess products the company made in 2012.
Scott Olson Getty Images

Originally published on Mon May 27, 2013 3:17 am

The news of Hostess' return to Emporia, Kan., sparked an ecstatic response in this beleaguered town — even though there will be only half as many jobs.

The new company, formed when investors bought Hostess' snack cake business, has hired longtime snack cake production veterans Pat Chambers and her husband, Bob, to help get the bakery here running again. Pat lost her job at the Hostess plant when it closed last November. Now, she sits beaming on her front porch, wearing a dirty Hostess work shirt.

Read more
All Tech Considered
4:25 pm
Sun May 26, 2013

Apple-1 Computer Fetches $671,000 At Auction

With the exception of one cassette connector, this is the Apple-1 as it was delivered to Fred Hatfield. The user was responsible for finding a monitor and keyboard for the early computer that recently sold at auction for $671,000.
Courtesy of Fred Hatfield

Originally published on Sun May 26, 2013 5:18 pm

Electrical engineer Fred Hatfield bought an Apple-1 computer in 1976, one of Apple's first computers. At an auction in Germany this weekend, it sold for $671,400.

Hatfield's relationship with that computer was an interesting one, and involves one bold interaction with Steve Jobs himself.

Hatfield, now in his 80s and living in New Orleans, says he was always into technology. "I've always been interested in digital machinery. As a kid I used to go to different junk stores and so on, to buy a pinball machine, to rewire it and make it do things like tic-tac-toe."

Read more
The Two-Way
3:36 pm
Fri May 24, 2013

Hedge Fund Manager Apologizes For Comments On Female Traders

Paul Tudor Jones (left) at an National Audubon Society function in January.
Diane Bondareff Invision for the National Audubon Society

Originally published on Fri May 24, 2013 3:51 pm

Billionaire Paul Tudor Jones is back-peddling from remarks he made at a symposium last month that motherhood causes women to lose the necessary focus to be successful traders.

"As soon as that baby's lips touched that girl's bosom, forget it," Jones told an audience at the University of Virginia on April 26.

Read more
Business
3:35 pm
Fri May 24, 2013

LA Bluejeans Makers Fear Their Business Will Fade Away

Samuel Ku, who runs AG Jeans alongside his father, says a European tariff puts thousands of U.S. clothing jobs at risk.
Amanda Marsalis

Originally published on Fri May 24, 2013 4:16 pm

Los Angeles is the world leader in the most American of clothing items: bluejeans. High-end, hand-stitched, designer bluejeans that will you run well over $100 a pair.

But as the U.S. apparel industry continues to shrink, LA's bluejeans business faces a threat: a nearly 40 percent tariff, imposed by the European Union, that could cripple the city's jean business.

When people talk about Ilse Metchek they use phrases like "she's a piece of work," "a force of nature," "she's something else." If you want to talk fashion, she's your lady.

Read more
Around the Nation
3:26 pm
Fri May 24, 2013

Battered Jersey Shore Pins Recovery Hopes On Summer Season

Construction workers work to rebuild the boardwalk in Seaside Heights in anticipation of Memorial Day weekend.
Mel Evans AP

Originally published on Fri June 7, 2013 10:37 am

Memorial Day weekend marks the start of the summer travel season, and it's particularly important for the resort communities along the Jersey Shore still suffering the effects of Hurricane Sandy.

In the popular tourist spot Point Pleasant Beach, N.J., it has taken seven months and more than $1 million to make repairs along Jenkinson's Boardwalk.

Read more
The Two-Way
12:33 pm
Fri May 24, 2013

Google Reportedly Faces Antitrust Probe Over Display Ads

Originally published on Fri May 24, 2013 12:52 pm

The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.

Read more
The Two-Way
12:12 pm
Fri May 24, 2013

News Corp. Board Approves Company Split

The head of News Corp., Rupert Murdoch, arrives at the Vanity Fair Oscar Party in February.
Pascal Le Segretain Getty Images

Media empire News Corp., parent of Fox and The Wall Street Journal, will be cleaved into two businesses starting June 28: a publishing arm and one for entertainment.

The plan was first announced a year ago. As we reported at the time:

Read more
Shots - Health News
8:57 am
Fri May 24, 2013

Health Insurance At 'Good Prices' Coming To Calif. Exchange

Peter Lee, executive director of Covered California, unveiled the plans and prices that will be offered by private insurers at a media briefing in Sacramento on Thursday.
Rich Pedroncelli AP

Originally published on Tue May 28, 2013 6:08 am

California just unveiled a wide array of choices for the 5.3 million people expected to qualify to buy coverage through its online marketplace established by the federal health overhaul.

It's the first disclosure of prices in the nation's most populous state for individual health insurance that complies with the Affordable Care Act, and the menu of affordable options surprised some consumer advocates and analysts who had been expecting premiums to be much higher.

Read more
The Two-Way
8:23 am
Fri May 24, 2013

James Joyce Coin-troversy Reportedly Could Have Been Averted

A commemorative 10-euro coin featuring James Joyce bears an image of the author that his literary estate did not approve. It also misquotes his work.
Irish Central Bank

Irish banking officials should have known there were problems with the controversial 10-euro coin commemorating James Joyce, according to Ireland's RTE News. The coin misquotes the author's Ulysses, and bears an image of Joyce that his estate did not approve.

Read more
Digital Life
3:34 am
Fri May 24, 2013

Viewers To Decide If Amazon's Sample Shows Make The Cut

Originally published on Fri May 24, 2013 6:01 am

Transcript

DAVID GREENE, HOST:

The popular series "Arrested Development" returns this Sunday with 15 new episodes, released all at once. They're coming from Netflix, which earlier this year, released "House of Cards." Online video companies are producing more of their own shows - not just Netflix, Hulu and Yahoo are getting into the act, as well.

Now, Amazon also wants to join, but they're doing things differently, letting viewers help choose the new lineup. Here's what TV critic Eric Deggans thinks of that approach.

Read more
Business
3:34 am
Fri May 24, 2013

Business News

Originally published on Fri May 24, 2013 6:01 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a comeback.

(SOUNDBITE OF MUSIC)

MONTAGNE: Procter & Gamble made a surprise announcement last night. It's bringing back its former CEO as the company's new CEO. A.G. Lafley will replace Bob McDonald. Procter & Gamble is behind names like Crest toothpaste and Tide laundry detergent. The 170-year-old company has been struggling to grow in emerging markets. Transcript provided by NPR, Copyright NPR.

Business
3:34 am
Fri May 24, 2013

The Last Word In Business

Originally published on Fri May 24, 2013 7:48 am

Transcript

DAVID GREENE, HOST:

And our last word in business today, quite a tongue lashing for McDonald's. The company held its annual shareholders meeting in yesterday, and when the floor opened for questions, a nine-year-old girl approached the microphone.

RENEE MONTAGNE, HOST:

Hannah Robertson spoke loud and clear, saying quote, "there are things in life that aren't fair, like when your pet dies." And she continued, "I don't think it's fair when big companies try to trick kids into eating food."

Read more
NPR Story
3:14 am
Fri May 24, 2013

Insurers Picked For California Health Exchange

Originally published on Fri May 24, 2013 6:01 am

Transcript

DAVID GREENE, HOST:

More, now, on the new federal health care law. States are preparing for that law to take effect. In California, officials have now unveiled plans - and prices - for millions of residents who will be using a new health insurance exchange to purchase their coverage next year. This is a key test of the federal health law's ability to draw competitive bids from insurance companies. Sarah Varney reports.

Read more
NPR Story
3:14 am
Fri May 24, 2013

Financial Markets In The News

Originally published on Fri May 24, 2013 6:01 am

Transcript

RENEE MONTAGNE, HOST:

And for the past few months, global stock markets appeared to be on an escalator going up, relentlessly reaching new highs. This week, that ride seems to be over - or maybe not. To find out, we turn, as we often do, to David Wessel, he's the economics editor of The Wall Street Journal.

Good morning.

DAVID WESSEL: Good morning, Renee.

MONTAGNE: David, put the stock markets into perspective for us. Apart from the day-to-day ups and downs, which we have been seeing, how have the markets been doing?

Read more
Planet Money
1:13 am
Fri May 24, 2013

Can This Man Bring Silicon Valley To Yangon?

Lam Thuy Vo NPR

Originally published on Fri May 24, 2013 7:29 am

Like a proud father, Nay Aung opens up his MacBook Air to show me the Myanmar travel website he has built. But we wait 30 seconds for the site to load, and nothing happens.

"Today is a particularly bad day for Internet," he says. This is life in Myanmar today: Even an Internet entrepreneur can't always get online.

Read more
The Salt
2:47 pm
Thu May 23, 2013

This 9-Year-Old Girl Told McDonald's CEO: Stop Tricking Kids

Hannah Robertson, 9, and her mom, blogger Kia Robertson — with the makings for kale chips, of course.
Jamie Robertson Courtesy Jamie Robertson

Originally published on Tue May 28, 2013 9:28 am

It's not every day that a 9-year-old girl chastises the CEO of one of the world's biggest fast-food chains.

Yet that's exactly what young Hannah Robertson did Thursday morning at McDonald's annual shareholders meeting in Chicago. When the meeting opened up to questions, Hannah was first up at the mic with a pointed criticism.

"It would be nice if you stopped trying to trick kids into wanting to eat your food all the time," she told McDonald's CEO Don Thompson.

Ouch.

Read more
Education
9:32 am
Thu May 23, 2013

Being Blind To Financial Need: Is It Worth It?

Millions of students rely on loans and grants for their studies. But with universities strapped for cash, fewer schools are able to admit students regardless of their financial need. Host Michel Martin asks the President of Iowa's Grinnell College, Dr. Raynard Kington, why his school considered putting a halt to need-blind admissions.

The Two-Way
9:15 am
Thu May 23, 2013

Production Of New Vehicles Predicted To Hit 2002 Levels

Strong new-vehicle retail sales figures have led analysts to predict North American production will reach 16 million units in 2013 — a mark not hit since 2002. Part of the rise is due to strong demand for pickup trucks.
Justin Sullivan Getty Images

Originally published on Thu May 23, 2013 1:08 pm

Strong new-vehicle sales figures are causing industry analysts to revise their forecasts for North American production levels in 2013, with J.D. Power & Associates and LMC Automotive predicting 16 million units will be produced — a mark not hit since 2002.

More than 1,157,000 new vehicles are projected to be sold in May, the third month in a row to top the 1 million level. The growth is being helped by strong demand for full-sized pickups, which represent more than 11 percent of retail sales, according to a news release from J.D. Power.

Read more
The Two-Way
7:02 am
Thu May 23, 2013

Jobless Claims Drop, But Stay In Recent Range

Originally published on Thu May 23, 2013 8:20 am

There were 340,000 first-time claims for unemployment insurance last week, down 23,000 from the week before, the Employment and Training Administration reports.

Read more
Business
2:48 am
Thu May 23, 2013

When Will Fed Officials Ease Off The Accelerator?

Originally published on Fri May 24, 2013 10:54 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some of the shine off the stock market.

(SOUNDBITE OF MUSIC)

Read more
Business
2:46 am
Thu May 23, 2013

Goldman Sachs Is Doing Well. So Is Its CEO, Lloyd Blankfein

Originally published on Fri May 24, 2013 10:54 am

Transcript

RENEE MONTAGNE, HOST:

The big bank Goldman Sachs holds its annual shareholder meeting today. These meetings are a chance for shareholders to hear from the CEO and vote on key issues, like CEO's pay. Five years ago, during the financial crisis, Goldman's CEO was a poster boy for overpaid executives. To find out how much Lloyd Blankfein is making now, we reached Neil Weinberg. He's editor-in-chief of American Banker.

Thanks for joining us.

NEIL WEINBERG: My pleasure.

MONTAGNE: So how much did Mr. Blankfein make?

Read more
Politics
2:38 am
Thu May 23, 2013

IRS Official's Silence Riles House Committee Members

Originally published on Fri May 24, 2013 10:54 am

Transcript

RENEE MONTAGNE, HOST:

The IRS has admitted to targeting conservative groups seeking tax exempt status. And yesterday at a House hearing the IRS director of exempt organizations said, quote: "I have not done anything wrong." She then declined to testify. Lois Lerner's brief appearance at the committee was just the beginning of a stormy, five-hour session filled with angry outbursts and allegations of political motives.

NPR's Peter Overby reports.

PETER OVERBY, BYLINE: Lois Lerner did read a statement that she had done her job properly.

Read more

Pages