Business

The Two-Way
5:02 am
Fri May 3, 2013

Plodding Along Or Picking Up Speed? News On Job Growth Due

Looking for work: The scene at a job fair in New York City earlier this year. Figures on job growth and unemployment in April are due Friday morning.
Shannon Stapleton Reuters /Landov

Originally published on Fri May 3, 2013 6:53 am

Update at 8:35 a.m. ET. Better Than Expected:

165,000 Jobs Added In April, Jobless Rate Fell To 7.5 Percent

Our original post:

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Business
2:41 am
Fri May 3, 2013

Business News

Originally published on Fri May 3, 2013 10:14 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news begins with sky-high airline fees.

First United did it, then U.S. Airways followed suit, and now Delta and American say they too are raising the fee for changing a domestic flight reservation to 200 bucks - that is up from 150.

Economy
2:41 am
Fri May 3, 2013

Economists Predict April's Jobless Rate Will Remain Steady

Originally published on Fri May 3, 2013 10:14 am

The Labor Department's monthly employment report is issued Friday morning. Economists are predicting that more than 100,000 jobs were added last month, but not enough to change the jobless rate of 7.6 percent.

Business
2:41 am
Fri May 3, 2013

Post-Bankruptcy, Kodak Will Be Commercial Printing Business

Originally published on Fri May 3, 2013 10:14 am

Transcript

DAVID GREENE, HOST:

Kodak expects to emerge from bankruptcy this year as a new company with a new focus. The one-time photo giant finds itself operating in a more competitive and diversified market.

From member station WXXI in Rochester, New York Kate O'Connell reports.

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Business
2:41 am
Fri May 3, 2013

The Last Word In Business

Originally published on Fri May 3, 2013 10:14 am

Within an hour of signing up Thursday, the 82-year-old Berkshire Hathaway CEO had more than 50,000 followers. His first tweet read: "Warren is in the house."

NPR Story
2:29 am
Fri May 3, 2013

Obama Encourages U.S., Mexico To Focus On Economic Relationship

Originally published on Fri May 3, 2013 10:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama says it is time to focus on the strong economic relationship between the United States and Mexico and not get bogged down on more contentious issues like cooperation on the war on the drugs.

Obama made his comments yesterday as he began a two-day visit to Mexico. He flies on to Costa Rica later today. NPR's Carrie Kahn reports.

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Your Money
1:22 am
Fri May 3, 2013

John Bogle's Latest Advice: A 'Gatekeeper' For Your Nest Egg

John Bogle, founder of The Vanguard Group and president of the Bogle Financial Markets Research Center, says the government should set standards to protect Americans' retirement savings.
Mark Lennihan AP

Originally published on Fri May 3, 2013 10:14 am

Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).

A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.

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Planet Money
3:47 pm
Thu May 2, 2013

Millions Of Americans Are Leaving The Workforce. Why?

Alyson Hurt National Public Radio

Originally published on Fri May 3, 2013 6:02 am

Earlier this year, the percentage of Americans who are working or looking for work fell to its lowest level since 1979.

The figure (wonks call it labor force participation rate) rose for decades, as more women entered the workforce. It started falling over a decade ago. And the decline is now being driven by a bunch of different factors — some of which are scary and recessiony, and some of which are not.

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World
3:14 pm
Thu May 2, 2013

Labor Watchdog Groups Limited In Their Power To Enforce Laws

Originally published on Thu May 2, 2013 3:27 pm

The collapse of the garment factory in Bangladesh is seen as a gross violation of safety and workers rights. There are international organizations which try to guide and encourage companies and governments towards better codes of conduct, but the groups have no legal recourse.

News
2:39 pm
Thu May 2, 2013

When It Comes To Guns, How Young Is Too Young?

A woman holds a .22-caliber Crickett youth rifle at a Gander Mountain store in Flint Township, Mich. This type of gun, which is marketed to children and comes in a variety of colors, was involved in the shooting death of a 2-year-old girl in Kentucky.
Steve Jessmore The Flint Journal/Landov

Originally published on Thu May 2, 2013 3:27 pm

The shooting death of a 2-year-old girl in Kentucky at the hands of her 5-year-old brother has opened up yet another debate about gun control.

While no one favors the idea of 5-year-olds using weapons without supervision, there is no consensus on the appropriate age to start hands-on training with firearms.

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U.S.
2:35 pm
Thu May 2, 2013

Bill Would Put Immigration Verification System To The Test

Employers using the E-Verify program are required to post an E-Verify Participation Poster, shown here in a handout photo. A Senate bill would make participation in the system, used to check employees' immigration status, mandatory for all employers.
U.S. Department of Homeland Security Reuters/Landov

Originally published on Thu May 2, 2013 3:27 pm

Some employers around the nation have been using E-Verify to check the immigration status of employees for years. Operated by the Department of Homeland Security, the online system is designed to make it harder to hire unauthorized workers — and harder for those workers to find jobs.

While participation in the program has been voluntary since 1996, the immigration bill now in the Senate would make E-Verify mandatory.

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The Salt
1:29 pm
Thu May 2, 2013

Can Salmon Farming Be Sustainable? Maybe, If You Head Inland

These sockeye salmon were raised at a land-based fish farm in Langley, British Columbia.
Courtesy Willowfield Enterprises

Originally published on Thu May 2, 2013 4:43 pm

Is salmon farming ever sustainable?

For years, many marine biologists have argued that the floating, open-ocean net pens that produce billions of pounds of salmon per year also generate pollution, disease and parasites.

In some places in western Canada, the open-ocean salmon farming industry has been blamed for the collapse of wild salmon populations in the early 2000s — though other research has challenged that claim.

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Digital Life
11:58 am
Thu May 2, 2013

A Look Ahead At The Future Of Tech

Originally published on Thu May 2, 2013 12:14 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan, in Washington. Technology's already changed our lives in ways we couldn't have imagined just a few years ago, and now seems ready to reinvent our future. As we continue our series of conversations looking ahead, we've invited Farhad Manjoo to join us - he's Slate's technology columnist and a frequent guest on this program - on the latest gadgets, on the business of consumer electronics and on how we've adapted our lives, our jobs and our manners to all these changes.

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The Two-Way
11:27 am
Thu May 2, 2013

'Warren Is In The House,' Buffett Says As He Joins Twitter

Twitter.com/WarrenBuffett

Originally published on Thu May 2, 2013 11:33 am

Warren Buffett, the billionaire investor known as the "oracle of Omaha" and renowned for making lots of money for both himself and his Berkshire Hathaway shareholders, joined Twitter on Thursday.

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Business
9:57 am
Thu May 2, 2013

Overseas Labor Abuses Prompt Business Shutdown

Host Michel Martin talks to Loretta Tofani, who closed her furniture store after discovering poor working conditions at the Chinese factories that supplied her business. She talks about how she made her decision, and about the factory building collapse in Bangladesh.

The Salt
9:37 am
Thu May 2, 2013

Grocery Home Delivery May Be Greener Than Schlepping To The Store

Amazon Fresh delivery man Tim Wilkie totes food to a house on Mercer Island, Wash.
Joe Nicholson AP

Originally published on Mon May 6, 2013 8:20 am

Home grocery delivery sounds like a frill for people too lazy to schlep to the store. But having food delivered can be more environmentally friendly than driving to the store, researchers say.

Having groceries delivered can cut carbon dioxide emissions by at least half, compared to driving to the store, according to a new study. That's because the delivery truck offers the equivalent of a "shared ride" for the food.

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The Two-Way
6:45 am
Thu May 2, 2013

Weekly Jobless Claims Drop Again, Stay Near 5-Year Low

Originally published on Thu May 2, 2013 7:33 am

There were 324,000 first-time claims for unemployment insurance last week, down 18,000 from the previous week's 342,000, the Employment and Training Administration reports.

Claims continue to run around the lowest pace since early 2008 — they haven't been lower since a week in mid-January 2008 when they came in at 321,000.

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Business
2:41 am
Thu May 2, 2013

Maneuvering The System That Is The H1B Visa Program

Originally published on Thu May 2, 2013 8:09 am

Transcript

DAVID GREENE, HOST:

Let's say you're highly skilled and interested in emigrating to the United States. Well, there are reasons to think you have a pretty good shot. Those with a specialty that's rare and highly valued can take advantage of what's called the H-1B visa. It is specifically for people with a Bachelor's degree or higher and you can only get one if an American company explicitly wants to hire you.

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Business
2:41 am
Thu May 2, 2013

Stocks Rise Despite Lackluster Corporate Earnings Reports

Originally published on Thu May 2, 2013 8:09 am

Transcript

DAVID GREENE, HOST:

OK. From understanding language, let's try to understand one development in the economy. Corporate revenues have been lackluster. But despite that, stock prices keep going up. This might have something to do with what the Federal Reserve has been up to. Hoping to get money into the economy and stimulate growth, the Fed has been aggressively buying bonds. And Fed officials said, after their two-day meeting ended yesterday, that they could even accelerate the bond purchases if necessary.

Here's NPR's Jim Zarroli.

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Business
2:41 am
Thu May 2, 2013

The Last Word In Business

Originally published on Thu May 2, 2013 8:09 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today, is austerity at the French presidential palace.

President François Aland has already enacted several cost-cutting measures since being elected last year.

DAVID GREENE, HOST:

He's cut a fleet of presidential and government cars and reduced ministerial salaries, and now he's raiding the wine cellars for which the presidential palace is famous.

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Business
2:41 am
Thu May 2, 2013

Business News

Originally published on Thu May 2, 2013 8:09 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with profits for Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: Facebook announced its latest quarterly results, reporting revenues just under $1.5 billion.

DAVID GREENE, HOST:

The company showed a profit of nearly $220 million for the quarter but this fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.

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Education
12:58 am
Thu May 2, 2013

A Rhodes-Like Scholarship For Study In China

The Schwarzman Scholars program, planned for the campus of Beijing's Tsinghua University, is described as "a 21st century college designed to inspire interchange."
Artist's rendering courtesy of Robert A.M. Stern Architects

Originally published on Thu May 2, 2013 8:09 am

If you're interested in studying in China, a new scholarship program could help you on your way. Rivaling the prestigious Rhodes scholarships, the new Schwarzman Scholars program was announced recently by Stephen Schwarzman, CEO and co-founder of Blackstone Group, one of the world's biggest private-equity firms.

The financier says he plans to raise $300 million, including $100 million of his own money, to fund a new program aimed at bringing students from around the world to study at Beijing's Tsinghua University.

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Business
3:59 pm
Wed May 1, 2013

Deal To Protect Bangladeshi Factory Workers Still Elusive

NPR

Originally published on Wed May 1, 2013 5:48 pm

This week, major retailers including Wal-Mart, Gap and others met with labor activists in Germany, hoping to hammer out a deal to improve working conditions in Bangladesh.

The meeting came less than a week after a devastating building collapse in the Bangladeshi capital, Dhaka, killed more than 400 workers. At the meeting, activists pushed retailers who use factories in Bangladesh to start spending their own money to make those workplaces safer.

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It's All Politics
2:19 pm
Wed May 1, 2013

The Federal Deficit Is Actually Shrinking

The Treasury Department announced this week it will pay down some of its debt for the first time in six years.
Jacquelyn Martin AP

Originally published on Thu May 2, 2013 11:33 am

During the housing bust, taxpayers were forced to bail out mortgage giants Fannie Mae and Freddie Mac. But thanks to the real estate recovery, Fannie Mae could end up paying tens of billions of dollars back to the Treasury this summer.

That's just one of the factors behind a better bottom line for the federal government. This week, the Treasury Department announced it will pay down some of its debt for the first time in six years.

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The Salt
12:46 pm
Wed May 1, 2013

Chicken Diapers? Urban Farming Spawns Accessory Lines

Clucking all the way to the bank: A hen models a polka-dot diaper from MyPetChicken.com, a multimillion-dollar business that sells everything from chicken caviar treats to day-old birds.
Courtesy of MyPetChicken.com

Originally published on Mon May 6, 2013 8:19 am

There's free range and then there's free rein — around your house.

When Julie Baker's backyard birds started spending more time inside, it was tough to keep them clean. So she got innovative.

She sewed up a cloth diaper — chicken-sized, of course — added a few buttons and strapped it onto her little lady.

One thing led to another, and eventually, a business was born.

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Economy
12:23 pm
Wed May 1, 2013

Luring Doctors And Lawyers To Rural America

Transcript

JOHN DONVAN, HOST:

This is TALK OF THE NATION. I'm John Donvan, in Washington. Neal Conan is away. A lawyer shortage, really? Well, yes, depending on where you live, and rural America is in some places apparently suffering a lawyer shortage right now, just as it has long been coping with a doctor shortage. Small town life is not selling with certain professions, and in distinct ways communities can be truly undermined by the absence of, say, doctors and lawyers and architects and so on.

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Business
12:18 pm
Wed May 1, 2013

The Quiet Strength Of Introverts In The Workplace

Transcript

JOHN DONVAN, HOST:

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Business
8:51 am
Wed May 1, 2013

Chuck E. Cheese Slims Down Along With Restaurant's Profits

Transcript

DAVID GREENE, HOST:

Good morning. I'm David Greene. If you're like me you remember some great birthdays at Chuck E. Cheese. The mascot at the pizza joint, an oversized rodent, gave the best birthday hugs. But these days Chuck E. is just not himself. It looks like he's been on a major diet. The restaurant chain has had a few tough years.

The Two-Way
6:59 am
Wed May 1, 2013

Slow Growth In April: Survey Shows 119,000 Jobs Added

In Denver last month, a recruiter (right) talked with a job seeker at a health care career fair. There was job growth in April, according to a new survey, but the pace was modest.
Rick Wilking Reuters /Landov

A relatively weak 119,000 jobs were added to private employers' payrolls last month as federal spending cuts and tax increases began to bite, according to the latest ADP National Employment Report.

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Business
4:01 am
Wed May 1, 2013

The Last Word In Business

Originally published on Wed May 1, 2013 12:36 pm

Transcript

DAVID GREENE, HOST:

Ah, suitors, makes me think of this. Cue it.

(SOUNDBITE OF THEME SONG TV SHOW, "DOWNTON ABBEY")

GREENE: "Downton Abbey," it's our last word in business today. The hit PBS program is expanding into the world of merchandise.

RENEE MONTAGNE, HOST:

CNBC reports the costume drama, set in Edwardian England, will soon launch a line of fashion, furniture, wallpaper and beauty products. The show's popularity has already created a boost in sales for items from the era, like gloves, fur capes and old-fashioned sherry.

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