Business

Asia
1:25 am
Thu April 25, 2013

These Days, More And More Chinese Have Driven A Ford Lately

Ford, the No. 12 passenger-car seller in China, is showing off 23 vehicles at its exhibit at the Shanghai International Automobile Industry Exhibition this week.
Frank Langfitt NPR

Originally published on Fri April 26, 2013 12:46 am

General Motors has been the American car company in China. Even when GM was in bankruptcy, the Chinese continued to view Buick as a high-status, luxury brand.

But now Ford, an also-ran in the market for years, is making a push to change all that. Last year, Ford's sales were up more than 30 percent in China, and the Ford Focus was the best-selling car in both the world and China.

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The Two-Way
3:09 pm
Wed April 24, 2013

Redesigned $100 Bill To Go Into Circulation After Long Delay

The new Ben Franklin.
Newmoney.gov

Originally published on Wed April 24, 2013 6:30 pm

The redesigned U.S. $100 bill will begin appearing after October with new security features that will make it "easier for the public to authenticate but more difficult for counterfeiters to replicate," the U.S. Federal Reserve said Wednesday.

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Business
2:25 pm
Wed April 24, 2013

Trading Algorithms Make Stock Market Sensitive To Hoaxes

Originally published on Thu April 25, 2013 2:57 pm

Transcript

ROBERT SIEGEL, HOST:

That market dip yesterday that Steve mentioned, the result of a hacked Twitter feed, highlights how much the financial industry relies on computer algorithms. U.S. stock markets lost $200 billion in value in just a few minutes. The markets bounced back when the Associated Press made clear there was no explosion at the White House and the tweet was a hoax.

AUDIE CORNISH, HOST:

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Business
2:25 pm
Wed April 24, 2013

Government Continues Investigation Of Boeing's 787s

Originally published on Thu April 25, 2013 2:57 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Boeing says its 787 jetliner should resume passenger service early next month. The so-called Dreamliner has been grounded since problems with the lithium ion batteries surfaced back in January. Batteries on two different planes overheated. One of them, a Japan Air Lines jet, caught fire. Boeing is now working with airlines to retrofit its planes with redesigned batteries now housed in fireproof boxes.

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Code Switch
1:33 pm
Wed April 24, 2013

Home Sweet Home Costs More For Blacks And Latinos

A "sold" sign is posted outside a home in Carmel, Ind. Black and Latino homebuyers pay about 3.5 percent more for housing than whites and Asians, according to a study released this week by Duke University.
Michael Conroy AP

Black and Latino homebuyers pay more for housing than whites and Asians, according to a study released this week by Duke University. The price difference is about 3.5 percent.

That may not sound like a lot. But Patrick Bayer, a Duke economics professor who led the study, says when you do the math, that percentage can translate to about $5,000 or $10,000 per housing sale.

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Wisdom Watch
10:04 am
Wed April 24, 2013

From The Border To The Fortune 500

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for our Wisdom Watch conversation. That's where we speak with people who've made a difference in their fields.

Today, we hear from one of the most influential tech executives you probably have never heard of unless you're in that field. Not only that, his personal story is just as - if not more - interesting than those of the superstar CEOs you may have heard about in high tech.

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Economy
9:53 am
Wed April 24, 2013

Help Wanted, But Only Part Time

In today's economy, many people in search of work can only find part-time jobs. The Bureau of Labor Statistics finds the number of 'involuntary' part-time workers has doubled since 2006. Host Michel Martin talks about what this means for the workplace and the economy, with The Wall Street Journal's Sudeep Reddy.

The Two-Way
8:06 am
Wed April 24, 2013

Boeing To Resume 787 Deliveries; NTSB Probes Certification

NTSB Chairwoman Deborah Hersman during Tuesday's hearing.
Alex Wong Getty Images

Originally published on Wed April 24, 2013 9:11 am

Update at 10:50 a.m. ET: Boeing to resume deliveries of 787s

Boeing, which had delivered about 50 of its new passenger aircraft before battery failures in January grounded the plane, says it will resume deliveries to airline customers in early May, The Associated Press reports.

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Around the Nation
4:46 am
Wed April 24, 2013

NTSB Hearing Probes Boeing's Battery Failure Incidents

Originally published on Wed April 24, 2013 5:20 am

Boeing and the Federal Aviation Authority may be in for another day of tough questions as the National Transportation Safety Board continues its probe of batteries on the 787 Dreamliner. Two severe battery failures prompted the world-wide grounding of the fleet in January.

Business
4:03 am
Wed April 24, 2013

The Last Word In Business

Originally published on Wed April 24, 2013 5:20 am

People who measure risk and uncertainty ranked in the top spot of the survey by CareerCast.com. At the bottom of the list with reporters are flight attendants, roofers, mail carriers, meter readers, dish washers and lumber jacks.

Business
4:03 am
Wed April 24, 2013

Fake Tweet Causes Financial Markets To Drop

Originally published on Wed April 24, 2013 5:20 am

Transcript

DAVID GREENE, BYLINE: Hackers got into the Associated Press's Twitter account yesterday and sent out a fake tweet saying that the White House had been attacked. Though the tweet was discredited very quickly, it created a swift and panicked reaction on the stock market.

Here's NPR's Jim Zarroli.

JIM ZARROLI, BYLINE: The tweet said that a pair of bombs had gone off in the White House and President Obama was injured. Almost instantaneously, the Dow Jones Industrial Average fell 125 points.

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NPR Story
3:54 am
Wed April 24, 2013

Boston Business Owners Allowed To Return To Bombing Site

Originally published on Wed April 24, 2013 5:19 am

Transcript

DAVID GREENE, HOST:

The massive swath of Boston that has been closed for more than a week is getting closer to reopening. City officials yesterday brought victims of the marathon bombings and their relatives in for a private visit and allowed neighborhood residents back home for the first time in over a week. Businesses also began the process of cleaning up and preparing to reopen.

The hardest-hit shops and restaurants remain boarded up. As NPR's Tovia Smith reports, others are hoping to reopen today or tomorrow.

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NPR Story
3:54 am
Wed April 24, 2013

Business News

Originally published on Wed April 24, 2013 5:20 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

How you like them apples? Apple is at the start of our business news.

(SOUNDBITE OF MUSIC)

The Salt
1:25 am
Wed April 24, 2013

For Corn, Fickle Weather Makes For Uncertain Yields

By this time last year, 26 percent of the country's corn crop was already planted. A wet, cold spring means that only 4 percent is in the ground right now.
Seth Perlman AP

Originally published on Wed April 24, 2013 7:06 am

Last year's drought wreaked havoc on farmers' fields in much of the Midwest, cutting crop yields and forcing livestock producers to cull their herds. This spring, the rain that farmers needed so badly in 2012 has finally returned. But maybe too much, and at the wrong time.

It's almost the end of April, which is prime time to plant corn. But farmers need a break in the rain so they can get this year's crops in the ground and try to lock in good yields at harvest.

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Business
3:09 pm
Tue April 23, 2013

Online Retailers Take Opposite Sides On Sales Tax Bill

Humberto Manzano Jr. moves a pallet of goods at an Amazon.com fulfillment center in Phoenix in 2010. Amazon has endorsed a bill making its way through the Senate that would require more online retailers to collect sales tax.
Ross D. Franklin AP

Originally published on Tue April 23, 2013 6:04 pm

More online retailers would have to collect sales tax under a bill making its way through the U.S. Senate this week. The measure won strong bipartisan backing on a procedural vote Monday, and President Obama has said he would sign it.

The political battle over the bill pits online retailers against brick-and-mortar stores — and, in some cases, against other online sellers.

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The Two-Way
2:58 pm
Tue April 23, 2013

Bill Gates' Handshake With South Korea's Park Sparks Debate

This handshake between South Korean President Park Geun-hye and Microsoft founder Bill Gates sparked debate over whether the American — who kept his left hand in his pocket — had been rude. Other photos clearly show Gates' hand in his pocket.0
Lee Jin-man AP

Microsoft founder Bill Gates met with South Korean President Park Geun-hye Monday, part of a visit to build business ties and boost nuclear energy plans. But it was the handshake they shared that created the biggest stir in Korean society, after Gates greeted Park with a smile — and his left hand jammed into his pants pocket.

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Planet Money
2:26 pm
Tue April 23, 2013

Has The Cupcake Bubble Finally Popped?

Back in 2010, our own Jacob Goldstein called the cupcake craze a "bubble of historic proportions." He called it too early.

The following year, Crumbs Bake Shop went public, and Jacob began to doubt himself.

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Business
2:16 pm
Tue April 23, 2013

Natural Gas Gives Maine Paper Plant A Competitive Edge

Originally published on Tue April 23, 2013 6:04 pm

Transcript

AUDIE CORNISH, HOST:

We've reported on how cheap natural gas is revolutionizing the energy industry. It's plentiful, thanks to the drilling technique known as fracking. Well, that's also changing American manufacturing. Factories are turning to natural gas to replace oil and even biomass sources like woodchips. And here's an example, a paper mill in East Millinocket, Maine.

Jay field of Maine Public Radio has the story.

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Business
2:16 pm
Tue April 23, 2013

Investors Pessimistic About Apple's Growth Potential

Originally published on Tue April 23, 2013 6:04 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. This afternoon, investors watched even more closely than usual as Apple released its quarterly earnings. The numbers beat Wall Street's gloomy expectations. But for the first time in a decade, Apple's profits fell from the same period a year earlier. NPR technology correspondent Steve Henn joins us from Silicon Valley to talk about today's results. Hey there, Steve.

STEVE HENN, BYLINE: Hi.

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The Two-Way
12:05 pm
Tue April 23, 2013

Pew: Wealthiest Experience Big Boost In Post-Recession Worth

Falling home prices from 2009-2011 contributed to the disparity.
Kevork Djansezian Getty Images

Originally published on Tue April 23, 2013 3:40 pm

Some 93 percent of Americans saw their mean net worth fall in the first two years of the post-recession recovery, while the remaining 7 percent increased net worth by nearly a third, according to a new Pew Research Center analysis of Census Bureau data.

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The Two-Way
12:02 pm
Tue April 23, 2013

AP Twitter Account Hacked, Tweet About Obama Shakes Market

Originally published on Wed April 24, 2013 7:56 am

A Twitter account from The Associated Press was hacked Tuesday afternoon and the erroneous message — to be perfectly clear, it WAS NOT TRUE — sent stocks down sharply for a few moments.

The false message claimed there had been two explosions at the White House and that President Obama had been injured. Again, none of that happened.

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The Two-Way
11:03 am
Tue April 23, 2013

Court Approves Anheuser-Busch InBev Deal To Buy Grupo Modelo

Originally published on Tue April 23, 2013 12:10 pm

A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico and other beers.

The deal, which requires AB InBev to sell all of Modelo's U.S. business, clears the way for the $20.1 billion acquisition of the remaining portion of Modelo that AB InBev did not yet own. Terms of the deal were announced Friday.

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The Two-Way
9:53 am
Tue April 23, 2013

Wall Street Anxious Over Apple First-Quarter Earnings

The just-launched Samsung Galaxy S4 smartphone is the latest competition for Apple's iPhone 5.
Greg Wood AFP/Getty Images

Originally published on Wed April 24, 2013 5:37 am

Update at 5 p.m. ET:

Reuters reports that Apple has posted better-than-expected second-quarter earnings of $43.6 billion, "reflecting strong sales of the iPad and iPhone." Wall Street had forecast revenue of $42.3 billion, the wire service says.

We pick up our original post here:

Investors are waiting, many not so eagerly, for a look at how Apple for the second quarter.

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The Two-Way
9:14 am
Tue April 23, 2013

Sales Of New Homes Rose Last Month

A new home under construction earlier this year in Petaluma, Calif.
Justin Sullivan Getty Images

While sales of existing homes dipped in March because of a tighter inventory, sales of newly built homes rose 1.5 percent from February and were up a whopping 18.5 percent from March 2012, the Census Bureau and Department of Housing and Urban Development say.

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Business
3:34 am
Tue April 23, 2013

The Last Word In Business

David Greene has the Last Word in business.

Business
3:34 am
Tue April 23, 2013

Business News

Originally published on Tue April 23, 2013 5:07 am

The Senate voted Monday to advance a bill that would allow states to force online retailers to collect state and local sales taxes. Currently, states can only require brick and mortar stores to collect the sales tax. This greatly benefits online shoppers, who save by not paying the tax.

Around the Nation
3:34 am
Tue April 23, 2013

Mississippi River Communities Brace For Flooding

Originally published on Tue April 23, 2013 1:05 pm

Transcript

STEVE INSKEEP, HOST:

Now here's a change. Earlier this year, the worst drought conditions seen in the Midwest in decades threatened to close the Mississippi River to barge traffic. Now, communities along the river in Missouri and Illinois are bracing for flooding.

St. Louis Public Radio Maria Altman reports.

MARIA ALTMAN, BYLINE: The threat of flooding on the Mississippi River came on quickly after last week's storms dumped rain across the Midwest. The town of Clarksville, Missouri didn't even have time to erect its metal flood wall.

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Explosions At Boston Marathon
3:34 am
Tue April 23, 2013

Media, Social Media Misidentify Bombing Suspects

Brown University student Sunil Tripathi, who has been missing since March, was wrongly identified in social media as a suspect in the Boston Marathon bombings. Reddit has apologized to Tripathi's family "for the pain they have had to endure."
Brown University AP

Originally published on Thu April 25, 2013 12:39 pm

Last week, the New York Post ran a front page photo of two teenage runners under the headline "Bag Men," implying that they had something to do with the Boston Marathon backpack bombs.

It turns out those kids had nothing to do with the attacks. But they came to the public's attention after their images were scooped up and pored over by hundreds of online amateur sleuths.

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All Tech Considered
3:40 pm
Mon April 22, 2013

Google Execs Talk Privacy, Security In 'The New Digital Age'

iStockphoto.com

Originally published on Tue April 23, 2013 10:35 am

Imagine a world with machines that wash, press and dress you on the way to work and vacations via hologram visits to exotic beaches. In his new book, The New Digital Age, Google Executive Chairman Eric Schmidt does just that — but it's no gee-whiz Jetsons fantasy.

Schmidt partners up with Jared Cohen, a foreign policy counterterrorist specialist poached from the State Department now working for Google Ideas. Together they forecast a raft of new innovations and corresponding threats that will arise for dictatorships, techno revolutionaries, terrorists and you.

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Business
3:28 pm
Mon April 22, 2013

Airport Delays Raise Questions About Controller Furloughs

Passengers check their flight status at Los Angeles International airport on Monday. The FAA said staffing cuts were causing delays in the Eastern U.S.
Damian Dovarganes AP

Some air travelers faced delays Monday as furloughs of air traffic controllers began taking effect.

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