Apple may be set to end its use of the standard 3.5mm headphone connector — the mini plug — in favor of its proprietary connector, the Lightningport. If it was to do that, new iPhones, iPads and iPods wouldn't work with old headphones. It's had more than a few industry folks and Apple fanatics upset, to say the least.
Imagine if a gallon of milk cost $3 in your town, but 100 miles away it cost $100, or even $200.
Something similar is happening right now in California with water that farmers use to irrigate their crops. Some farmers are paying 50 or even 100 times more for that water than others who live just an hour's drive away.
The situation is provoking debate about whether water in California should move more freely, so that it can be sold to the highest bidder.
NPR's Business News like, perhaps your breakfast, begins with sausage. Tyson Foods has prevailed in a bidding war for Hillshire Brands, the maker of Jimmy Dean sausage as well as Ball Park hotdogs. The deal, reportedly worth just under $7 billion, was made over the weekend, although details have not yet been made public. Tyson, the nation's biggest meat company, beat out Pilgrim's Pride, which is owned by a giant Brazilian food Corporation. Transcript provided by NPR, Copyright NPR.
Butlers in American pop culturetend to provide comic relief — think The Fresh Prince of Bel-Air or The Birdcage. Or, like Batman's Alfred, the butler is more of a friend than an employee.
But one show has brought back the classic butler, with a vengeance. Since the British period drama Downton Abbey made its debut on PBS in 2010, the demand for butlers in some parts of the world has surged.
If you leave Los Angeles, Calif., on Interstate 10 and head east for about 40 miles, you'll run into a quintessentially suburban phenomenon: the opening of a subdivision.
At one such development called College Park in Chino, Calif., the lawns are bright green, the D.J. is spinning classic rock and a lot of the conversations are in Mandarin. Among those looking for a house is Eddie Yung. He lives in China now, but he's moving to California.
A day after General Motors admitted it failed customers who owned cars with a defective ignition switch, the automaker issued a recall for 105,000 more vehicles, bringing the total number of GM recalls so far this year to 34, involving 14 million vehicles, Michigan Public Radio's Tracy Samilton reports.
Uber and Lyft car services have said they will continue to operate in Virginia, despite a cease-and-desist letter from the state saying the service is illegal because it hasn't received authorization from the Department of Motor Vehicles.
It comes a day after Colorado became the first state to pass a law regulating such companies, which use smartphone apps to connect passengers with drivers of vehicles for hire and ridesharing services and have seen fast growth in recent years in some parts of the country.
Its service is still growing, and it faces legal challenges from taxi companies. But Uber, the company whose app pairs drivers with passengers, was a hit it big in a financing round, bringing in investments of $1.2 billion and sending its valuation skyward.
Four years after it began operations, San Francisco-based Uber is now valued at $17 billion, based on figures the company's CEO, Travis Kalanick, released today.
Uber is creating 20,000 jobs a month, Kalanick said, and it's operating in 128 cities in 37 countries.
Switching gears now - let's talk World Cup. Every four years, people around the world tune into the same thing at the same time over the same four weeks. They're watching the World Cup. This year's tournament will be held in Brazil, and the first match between Brazil and Croatia is just six days away.
No one really thinks 12-year-old Chloe Stirling presents a menace to public health.
The Illinois girl has a knack for baking cupcakes and has done pretty well selling them. So well, in fact, that her local newspaper published a story about her earlier this year. That drew the attention of the county health department — which shut her down for selling baked goods without a license or a state-certified kitchen.
The U.S. hit a milestone Friday, as the government's monthly jobs report showed that in May, the country finally surpassed the number of jobs it had before the recession started. The gain of 217,000 jobs put the total U.S. payroll number at nearly 138.5 million jobs.
But analysts note that the recovery has taken more than six years and has excluded many workers.
Update at 8:35 a.m. ET: Jobs Gain Of 217,000 Reported
And our last word in business today is monster settlement.
(SOUNDBITE OF SONG, "MAKE SOME NOISE")
BEASTIE BOYS: (Singing) Yes, here we go again, give you more nothing lesser. Back on the mic is the anti-depresser...
GREENE: Oh, yeah, when the Monster Beverage Company used this Beastie Boys song "Make Some Noise" in an online promotional video, the band made some noise in court. They sued for copyright infringement.
NPR's Business News starts with a modest crackdown on high-speed trading. The Securities and Exchange Commission is taking new steps to regulate high-speed trading on Wall Street though it's not as if the head of the SEC is that worried as NPR's Chris Arnold reports.
Tomorrow is a big day in horse racing - the Belmont Stakes, the last race in the Triple Crown. California Chrome has a chance to complete the Triple Crown for the first time in 36 years, having already won the Kentucky Derby and the Preakness, of course. That's the excitement in the foreground. In the background, a quiet war is raging. Charles Lane, of member station WSHU, reports.
(SOUNDBITE OF KENTUCKY DERBY)
UNIDENTIFIED ANNOUNCER: (Yelling) But California Chrome shines bright in the Kentucky Derby.
OK, that's the national picture. Let's zoom in on a region that stands out for its high unemployment, Central California's San Joaquin Valley. NPR's Kelly McEvers went to find out why it's so hard to get a job amid some of the most productive farmland on earth.
(SOUNDBITE OF PHONE RINGING)
UNIDENTIFIED MAN 1: Employment Development Department, work force services.
KELLY MCEVERS, BYLINE: It's first thing in the morning. And people are calling and lining up to sign up for unemployment benefits and look for jobs.
The days of the Cold War are long gone — no more zero-sum showdowns against communism, no duck-and-cover lessons in propaganda videos. But some scholars argue that something else has taken that conflict's place: a "cool war," pitting the U.S. against China.
That war is flaring up, and it's high stakes for American industry.
The other day I went down to the little shop in the lobby of our building for a snack. I couldn't decide whether I wanted regular M&M's or Peanut Butter M&M's so I bought them both. On the way back upstairs to the office, I noticed something strange on the labels. Each had cost $1, but the pack of Peanut Butter M&M's was a very tiny bit lighter: 0.06 ounces lighter!
I wanted to know why, so I called a couple of experts and asked for their theories:
Theory No. 1: Peanut Butter M&M's are more expensive to make.