Business

Around the Nation
2:40 am
Wed March 27, 2013

Landlocked Midwest Farmers Raise Saltwater Shrimp

Originally published on Wed March 27, 2013 4:03 am

Transcript

RENEE MONTAGNE, HOST:

Think about farms in the Midwest, acres and acres of corn and soybeans. Now, picture instead fresh saltwater shrimp - shrimp. Landlocked Midwestern farmers are finding ways to raise those shellfish far away from any ocean.

From member station WGLT, Daniel Hajek reports.

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Business
2:40 am
Wed March 27, 2013

Business News

Originally published on Wed March 27, 2013 4:59 am

Genetically-modified seeds — and the technology to produce them — have been at the center of a bitter legal fight between the two companies. Dupont will pay Monsanto more than $1.5 billion in the deal. With that, the companies will drop their patent and antitrust claims against each other.

Business
2:40 am
Wed March 27, 2013

The Last Word In Business

Originally published on Wed March 27, 2013 5:06 am

The specialty food store in Brisbane says the fee will be returned at the cash register, after a purchase has been made.

Buried In Grain
2:40 am
Wed March 27, 2013

Enforcement Of Penalties Weak In Grain Bin Deaths

Originally published on Wed March 27, 2013 8:17 am

Nearly 500 farmers and workers have suffocated in grain storage bins in the past 40 years. The worst year on record was 2010, with 26 people dying. Hefty fines and criminal charges are possible for negligent employers. But NPR and The Center for Public Integrity found that enforcement is weak, even as workers continue to die.

All Tech Considered
1:35 am
Wed March 27, 2013

Solar-Powered Plane Uses Its Lightness To Fly In The Dark

The Solar Impulse, a solar-powered plane, flies over Switzerland. The makers will be journeying across the U.S. this spring, hoping the flight helps challenge assumptions about what solar technology can do.
Courtesy of Solar Impulse

Originally published on Wed March 27, 2013 5:54 am

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Media
1:34 am
Wed March 27, 2013

Looking For 'Oxygen,' Small Papers Erect Digital Pay Walls

In Long Beach, Wash., Chinook Observer editor and publisher Matt Winters has overseen his paper's transition to the Internet and, more recently, to a pay wall.
Ashley Gross for NPR

Originally published on Wed March 27, 2013 6:38 am

The Washington Post and the San Francisco Chronicle recently said they will start charging readers for online content, joining big papers like The New York Times and The Wall Street Journal. Some large papers have made it work because they offer a lot of unique content.

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Financial Basics For Baby Boomers
1:33 am
Wed March 27, 2013

Planning For Retirement When Savings Fall Short

For most Americans, the math for a comfortable retirement may never add up.
iStockphoto.com

Originally published on Wed March 27, 2013 6:04 am

For most Americans, the math for a comfortable retirement may never add up.

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All Tech Considered
5:17 pm
Tue March 26, 2013

After Yahoo Acquires Summly, Is Buying Math The Next Tech Bubble?

Nick d'Aloisio displays his mobile application Summly, which Yahoo recently purchased for a reported $30 million. But the Internet company is killing the app and integrating the algorithm that drives it into its own technology.
Matt Dunham AP

The news of Yahoo's purchase of Summly, the news-summarizing app created by 17-year-old British wunderkind Nick D'Aloisio, rippled through the news world on Tuesday.

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Technology
2:56 pm
Tue March 26, 2013

Yahoo Buys News App From British Teenager For A Reported $30 Million

Originally published on Wed March 27, 2013 3:58 pm

Transcript

AUDIE CORNISH, HOST:

A British teenager has sold his mobile application to Yahoo for a reported $30 million. Seventeen-year-old Nick D'Aloisio created his app called Summly when he was only 15. As NPR's Jeff Brady reports, the teen will now go to work for Yahoo.

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Around the Nation
2:56 pm
Tue March 26, 2013

Feds Ban Banks From Charging Homeowners Fees On 'Forced Insurance'

Originally published on Wed March 27, 2013 3:58 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

Federal regulators are taking aim at a practice they say is forcing millions of struggling homeowners to pay higher insurance premiums. The Federal Housing Finance Agency issued an order today. It bars banks from charging lucrative fees and commissions on so-called lender-placed insurance policies. NPR's Jim Zarroli explains.

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Same-Sex Marriage And The Supreme Court
2:56 pm
Tue March 26, 2013

'It's Bad For Business': Employers Side With DOMA Opponents

Starbucks is among the companies that have filed a brief against the Defense of Marriage Act, being challenged at the Supreme Court on Wednesday.
Drew Angerer Getty Images

Originally published on Wed March 27, 2013 3:58 pm

On Wednesday, the U.S. Supreme Court will hear a challenge to the Defense of Marriage Act — the federal law that defines marriage as between a man and a woman. And among those asking the justices to strike it down is a broad cross section of corporate America.

Nearly 300 companies have filed a brief arguing that the law — called DOMA for short — hits them where it counts: their bottom lines.

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Money Coach
9:32 am
Tue March 26, 2013

Trillions Earned Under Table As More Work Off Radar

Originally published on Mon April 8, 2013 1:01 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, the day when white people no longer make up the majority of the American population is coming, and coming a lot faster than initially predicted. Today, we are going to look at how the browning of the nation could lead to a real divide between the older, white minority and a younger, growing, brown majority. We'll start the conversation about what that might mean for the country's future. That's ahead this hour.

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The Two-Way
9:16 am
Tue March 26, 2013

Head Of Bank Of Cyprus Quits After Appointment Of Special Administrator

Students in the Cypriot capital, Nicosia, protest against austerity measures in front of the presidential residence.
Milos Bicanski Getty Images

Originally published on Tue March 26, 2013 12:56 pm

The chairman of the Bank of Cyprus abruptly stepped down after a special administrator was appointed to oversee its restructuring in the wake of a painful bailout of the island nation by international lenders.

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The Two-Way
7:29 am
Tue March 26, 2013

Home Prices Rose Again In January

A newly built home in San Diego.
Mike Blake Reuters /Landov

Originally published on Tue March 26, 2013 10:07 am

The housing recovery continues:

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The Two-Way
7:10 am
Tue March 26, 2013

Police: Berezovsky's Death 'Consistent With Hanging'

Boris Berezovsky outside a London court in August.
Warrick Page Getty Images

Originally published on Tue March 26, 2013 10:39 am

Boris Berezovsky, the exiled Russian tycoon whose body was found at his U.K. home over the weekend, died from hanging in an apparent suicide, British authorities now say.

"The results of the postmortem examination, carried out by a Home Office pathologist, have found the cause of death is consistent with hanging," the Thames Valley Police said in a statement Tuesday, adding that there were no signs of a violent struggle.

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Business
3:39 am
Tue March 26, 2013

Business News

Originally published on Tue March 26, 2013 7:57 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with some tough luck in Atlantic City.

Business
3:39 am
Tue March 26, 2013

Drought Limits Corn Cob Pipe Comeback

Originally published on Tue March 26, 2013 7:57 am

Transcript

RENEE MONTAGNE, HOST:

Amazing but true, Popeye and Frosty the Snowman have something in common with General Douglas MacArthur and Mark Twain. They're all known for smoking a corn cob pipe. Corn cob pipes have made a comeback in recent years, welcomed news for the last company in the U.S. mass producing them. It's located in Washington, Missouri, about an hour west of St. Louis.

Still, as St. Louis Public Radio's Rachel Lippmann reports, last summer's brutal heat and drought have been a big challenge.

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Business
3:39 am
Tue March 26, 2013

The Last Word In Business

Originally published on Tue March 26, 2013 7:57 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today is: ambulance taxis.

DAVID GREENE, HOST:

We've all probably thought about it. Sitting in traffic, an ambulance zooms past and you think, I mean, if only I had one of those sirens.

MONTAGNE: Right. And in Moscow, someone saw a business opportunity. Canada's National Post reports that ads have started popping up online offering rides in ambulances for $200 an hour.

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Business
3:39 am
Tue March 26, 2013

Ford Unit Apologizes For Demeaning Ads

Originally published on Tue March 26, 2013 7:57 am

Transcript

RENEE MONTAGNE, HOST:

And out next business story fits in the category of what were they thinking? Ford Motor Company is apologizing for ads sketched up by an agency in India - ads that have been decried as demeaning to women. They are cartoon drawings showing off how spacious a Ford trunk can be. One spoofs Italy's former prime minister, Silvio Berlusconi. He's at the wheel, and in the trunk, three women, tied up.

NPR's Sonari Glinton reports.

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Business
3:29 am
Tue March 26, 2013

Opposition Blocks Return-Free Tax Filing In U.S.

Originally published on Tue March 26, 2013 7:57 am

Transcript

DAVID GREENE, HOST:

Imagine a world with no tax returns.

(SOUNDBITE OF MUSIC)

GREENE: OK, it's just a fantasy. But actually, in some countries taxpayers can sign up to receive simply a bill. The government sends you a tax bill, you pay it and, voila, that's it.

Now, there was an effort to bring return-free filing to the United States, but that effort came up against stiff opposition. And to find out why, we called Liz Day of ProPublica. She's been digging into this issue.

Liz, thanks for joining us.

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Same-Sex Marriage And The Supreme Court
1:25 am
Tue March 26, 2013

High Court's Decision On Federal Marriage Law Has Tax Implications

While equal rights occupy a large part of the debate over same-sex marriage, federal taxes are also a concern for gay couples. Experts say repealing the Defense of Marriage Act will affect some same-sex couples when they file their taxes.
iStockphoto.com

Originally published on Tue March 26, 2013 7:57 am

When advocates for gay marriage talk about it, they usually focus on the struggle for equality and civil rights.

But how the Supreme Court decides the Defense of Marriage Act case being argued this week could possibly have big implications in another arena — the money same-sex couples owe the Internal Revenue Service.

The case that could throw out a law that defines marriage as between a man and woman started with a tax bill.

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The Two-Way
1:06 pm
Mon March 25, 2013

Goldman Cuts BlackBerry Rating After Stalled Z10 Launch

BlackBerry's Z10: "Disappointing" launch.
Kevork Djansezian Getty Images

Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.

The Wall Street Journal reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.

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The Two-Way
9:00 am
Mon March 25, 2013

Ford Sorry For Mocked-up Ads In India Showing Bound And Gagged Women

The Ford Figo when it was introduced to India in 2009. A set of edgy illustrations about the car from Ford's ad agency in India have drawn fire.
Manan Vatsyayana AFP/Getty Images

Originally published on Mon March 25, 2013 9:33 am

Illustrations produced by an Indian ad agency showing scantily clad cartoon women bound, gagged and stuffed into the hatch of a Ford Figo have led both the car company and the ad agency's parent to issue apologies.

The images, according to FirstPost.Business, were "scam ads — ads that are created not to sell products and services, but to win awards at awards shows such as the Abby or at Cannes."

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The Two-Way
8:27 am
Mon March 25, 2013

Russian Tycoon Berezovsky Reportedly Left No Suicide Note

Berezovsky addresses the media outside a London court after losing his lawsuit against Roman Abramovich in August.
Warrick Page Getty Images

Originally published on Mon March 25, 2013 4:58 pm

British police say exiled Russian oligarch Boris Berezovsky, whose body was found over the weekend, left no suicide note and that there was no evidence of third-party involvement in his death.

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The Two-Way
6:32 am
Mon March 25, 2013

Cypriots Are Suspicious, But Bailout Deal Seems Set

A Cypriot man held some coins in Nicosia on Sunday. He and others on the island nation were watching anxiously as world leaders put together a bailout package for Cypriot banks.
Katia Christodoulou EPA /LANDOV

Originally published on Mon March 25, 2013 4:01 pm

  • From 'Morning Edition': Soraya Sarhaddi Nelson reports

The deal we posted about Sunday evening — a $13 billion bailout by international creditors for the beleaguered banking system on Cyprus — is being met with skepticism on that Mediterranean island nation.

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Europe
3:07 am
Mon March 25, 2013

Cypriots Quetion E.U.'s Motives Behind Bailout

Originally published on Mon March 25, 2013 10:50 am

Cyprus has secured a $13 billion package of rescue loans in tense, last-ditch negotiations. Some in Cyprus question whether the European Union wanted Cyprus' recently discovered natural gas reserves or big bank deposits to go to German banks.

Europe
2:56 am
Mon March 25, 2013

European Parliaments Next To Approve Cyprus Deal

Originally published on Mon March 25, 2013 6:34 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene.

The tiny Mediterranean island of Cyprus was on the brink of bankruptcy. But at the last minute, European finance ministers approved a multibillion-dollar bailout for the country. The deal will keep the island's banking system from collapsing, but the country is far from out of the woods.

NPR's Soraya Sarhaddi Nelson begins our coverage from Berlin.

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Business
2:42 am
Mon March 25, 2013

The Last Word In Business

Originally published on Mon March 25, 2013 6:34 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: highly illogical, captain.

Congress has rebuked the IRS for spending tens of thousands of dollars to film a "Star Trek" parody video.

(SOUNDBITE OF IRS VIDEO)

UNIDENTIFIED MAN: These are the voyagers of the Starship Enterprise Y. Its never-ending mission is to seek out new tax forms, to explore strange new regulations, to boldly go where no government employee has gone before.

RENEE MONTAGNE, HOST:

The video stars IRS workers and was shown at a conference in 2010.

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Business
2:42 am
Mon March 25, 2013

Business News

Originally published on Tue March 26, 2013 9:18 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Apple doing some shopping.

Apple has been trying to go head-to-head with Google to provide better mapping services. Apple's latest effort to do that has a price tag of $20 million. That's how much it paid for a small startup company called WiFiSLAM, which maps indoor settings. Think shopping malls and airports. Apple confirmed the purchase to The Wall Street Journal, but wouldn't discuss its plans. Transcript provided by NPR, Copyright NPR.

Economy
2:42 am
Mon March 25, 2013

Examining Dual Trends In The Economy

Originally published on Mon March 25, 2013 6:34 am

Both housing and the stock market have been on the upswing in recent months. But a full recovery in the housing market would be more significant to the overall economy. That's because more Americans have something at stake in home values than in stock prices.

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