Business

Business
1:21 am
Mon March 18, 2013

U.S. Probes Abuse Allegations Under Worker Visa Program

Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.
Jess Jiang NPR

Originally published on Mon March 18, 2013 10:38 am

A group of foreign college students who came to the U.S. on cultural work exchange visas in December have been protesting their working conditions at a McDonald's in Harrisburg, Pa. In the process, they've wading into a debate about guest workers in the U.S.

The students include Jorge Rios, who says three months ago he eagerly did the legwork necessary to get a J-1 visa, used for student work exchange.

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Business
4:21 pm
Sun March 17, 2013

Craft Brews Slowly Chipping Away At Big Beer's Dominance

Craft beers for sale in Chicago. Craft beer has about a 6 percent market share in the U.S. beer market, which is dominated by Anheuser-Busch InBev and MillerCoors.
Scott Olson Getty Images

Originally published on Wed March 20, 2013 11:36 am

America loves beer.

In the U.S., we drink $200 billion worth of the hops-brewed libation annually. What many Americans might not know is that most domestic beer, 90 percent in fact, is dominated by just two companies: Anheuser-Busch InBev and MillerCoors.

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The Salt
3:55 am
Sun March 17, 2013

Yogurt For Men: A Review

That's pronounced "Man, Go!"
NPR

Originally published on Wed March 20, 2013 10:44 am

Last week on Wait, Wait... Don't Tell Me, we talked about a new yogurt for men, or brogurt, from a company called Powerful Yogurt. Here's what our panelist, comedian Jessi Klein, had to say about it:

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The Salt
3:14 am
Sat March 16, 2013

Wine Revolution: As Drinkers And Growers, U.S. Declares Independence

The vineyard at Round Pond Estate in Rutherford, Calif. Napa Valley is just one of wine-growing regions across the country.
Eric Risberg AP

Originally published on Sat March 16, 2013 10:46 am

A curious shift has happened in global wine-drinking trends: Americans have overtaken the French and Italians, Europe's traditional lovers of the fruits of the vine, as the world's top wine market.

And it's not just wine drinking that's taken off stateside: U.S. wine production is also on the rise.

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Business
3:39 pm
Fri March 15, 2013

Boeing: 787 Dreamliners Could Be Back In Service In Weeks, Not Months

For the first time, Boeing has laid out in detail the changes it plans to make in the Dreamliner 787's lithium ion battery. The company now believes the 787s will be back in service in a "matter of weeks."

Law
3:39 pm
Fri March 15, 2013

Hedge Fund To Pay More Than $600 Million In Insider Trading Settlement

Transcript

MELISSA BLOCK, HOST:

The Securities and Exchange Commission says it's the largest settlement in history for insider trading. Two affiliates of the major hedge fund SAC Capital Advisors will pay a fine of more than $600 million. But they're not admitting to any wrongdoing. Here's NPR's Dan Bobkoff.

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Business
3:39 pm
Fri March 15, 2013

JPMorgan Chase Exec Says She Was Misled About Risks With 'London Whale' Trades

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Senior executives at JPMorgan Chase appeared on Capitol Hill today. They were asked by a Senate subcommittee to explain how the firm lost more than $6 billion last year in a failed hedging strategy. The testimony comes one day after the subcommittee released a report saying the bank misled regulators and the public about the size of the losses. NPR's Jim Zarroli tells us more.

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The Two-Way
1:31 pm
Fri March 15, 2013

Record $614 Million In Penalties Levied As Insider Trading Cases Are Settled

Connecticut-based hedge fund CR Intrinsic Investors "has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer's drug," the Securities and Exchange Commission announced Friday.

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Shots - Health News
8:14 am
Fri March 15, 2013

Power Shift Under Way As Middle Class Expands In Developing World

Brookings Institution

Originally published on Mon March 18, 2013 7:00 am

"The meek shall inherit the earth" — that seems to be the latest message from the United Nations Development Program.

Their 2013 Human Development Report chronicles the recent, rapid expansion of the middle class in the developing world. It also predicts that over the next two decades growth in the so-called "Global South" will dramatically shift economic and political power away from Europe and North America.

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TED Radio Hour
8:01 am
Fri March 15, 2013

Are Droids Taking Our Jobs?

Andrew McAfee speaking at TEDxBoston.
Sheryl Lanzel TED

Originally published on Mon December 16, 2013 12:57 pm

Part 3 of the TED Radio Hour episode Do We Need Humans?

About Andrew McAfee's TEDTalk

Robots and algorithms can now build cars, write articles, and translate texts — all work that once required a human. So what will we humans do for work? Andrew McAfee looks at recent labor data to say: We ain't seen nothing yet.

About Andrew McAfee

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The Two-Way
6:53 am
Fri March 15, 2013

Gasoline Pushed Consumer Prices Up Sharply In February

Handles on a gas pump in Brooklyn.
Jonathan Fickies Landov

Originally published on Fri March 15, 2013 8:05 am

Consumer prices jumped 0.7 percent in February from January, the Bureau of Labor Statistics reports. The increase was fueled by a 9.1 percent surge in gasoline prices. Gas prices alone accounted for about two-thirds of the overall rise, MarketWatch says.

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The Two-Way
6:37 am
Fri March 15, 2013

More Problems Aboard Carnival Cruise Ships

The Carnival Dream docked in St. Thomas, U.S. Virgin Islands, in December 2010.
Andy Newman AP

Originally published on Fri March 15, 2013 11:53 am

For the past month, management at Carnival Cruise Lines has been in a nearly constant state of damage control.

In the past week alone, three of the cruise line's giant floating playgrounds have experienced embarrassing malfunctions that have at least inconvenienced, if not angered, many passengers.

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The Two-Way
5:43 am
Fri March 15, 2013

Book News: Geithner Writing 'Behind The Scenes' Story Of The Financial Crisis

Former Treasury Secretary Timothy Geithner's new book promises to give us the inside dope about reaction to the financial crisis.
Win McNamee Getty Images

Originally published on Fri March 15, 2013 7:56 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Energy
3:12 am
Fri March 15, 2013

Could Tapping Undersea Methane Lead To A New Gas Boom?

This photo from a Kyodo News helicopter shows a flame of natural gas from a Japanese deep-sea drilling ship on Tuesday. This successful extraction of methane from the seafloor was a world first.
Kyodo Landov

Originally published on Fri March 15, 2013 8:38 am

The new boom in natural gas from shale has changed the energy economy of the United States. But there's another giant reservoir of natural gas that lies under the ocean floor that, theoretically, could dwarf the shale boom.

No one had tapped this gas from the seabed until this week, when Japanese engineers pulled some up through a well from under the Pacific. The gas at issue here is called methane hydrate. Methane is natural gas; hydrate means there's water in it. In this case, the molecules of gas are trapped inside a sort of cage of water molecules.

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NPR Story
3:12 am
Fri March 15, 2013

JPMorgan In Hot Seat Over London Whale Losses

Transcript

RENEE MONTAGNE, HOST:

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Author Interviews
3:12 am
Fri March 15, 2013

'Bankers' New Clothes' Leave Too Little Skin In The Game

Originally published on Fri March 15, 2013 4:50 am

At a hearing in Washington on March 6, Attorney General Eric Holder admitted to senators why it has been hard to go after big bank executives:

"It does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large."

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Pop Culture
3:12 am
Fri March 15, 2013

Angry Birds TV, Coming To A Mobile Screen Near You

A scene from the upcoming animated series based on the popular game Angry Birds. The show will be distributed to existing users of the digital game.
Rovio

Originally published on Fri March 15, 2013 9:57 am

People of all ages have been passing the time playing Angry Birds on their mobile devices. Now Rovio, the company that created the best-selling app, is offering fans a new cartoon series based on the game, which has so far been downloaded 1.7 billion times.

The concept behind Angry Birds is extremely simple: There are these colorful cartoon birds that are angry because some green pigs are after their eggs. Players of the digital game use slingshots to catapult the birds — who don't fly — to destroy structures hiding the pigs.

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Planet Money
3:35 pm
Thu March 14, 2013

Colleges Offering Bigger Merit Scholarships Is A Problem (If You Don't Get One).

Kenyon College is a liberal arts college in central Ohio.
Kenyon College

Originally published on Thu March 21, 2013 8:37 am

A bunch of private colleges have been in a financial aid arms race for years now, offering bigger and bigger merit scholarships to lure the best students.

This is nice for the students who get big merit scholarships. But it's not so nice for everybody else. Colleges have to come up with the money for those merit scholarships somehow — and they've done it in part, by jacking up tuition. (We did a story on this last year.)

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The Fast World Of Fast Fashion
3:27 pm
Thu March 14, 2013

Showing Off Shopping Sprees, Fashion 'Haulers' Cash In Online

Abigail Moscaritolo holds up a recent fashion find on a "haul video." The YouTube trend has become so popular that fashion retailers are approaching haulers to promote their products online.
AbbyLynn401/YouTube

Originally published on Thu March 14, 2013 4:49 pm

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Media
1:24 pm
Thu March 14, 2013

Jake Tapper Takes A Host Chair At CNN

The veteran reporter has recently moved from ABC News to CNN where he now hosts his own show and serves as Chief Washington Correspondent. In Part II of this interview, Tapper talks about fact-checking the Swift Boat Veterans for Truth and blow back from the White House after asking tough questions.

The Two-Way
6:44 am
Thu March 14, 2013

Jobless Claims Drop; Wholesale Prices Rise

The number of people filing first-time claims dropped by 10,000 last week from the week before, to 332,000, the Employment and Training Administration says.

That means claims continue to run at their lowest pace since January 2008. They've now fallen for three straight weeks.

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The Two-Way
5:37 am
Thu March 14, 2013

Book News: Apple CEO Ordered To Testify In E-Book Price Fixing Case

Apple CEO Tim Cook has reportedly been ordered to testify for four hours in the U.S. government's case against the company.
Justin Sullivan Getty Images

Originally published on Thu March 14, 2013 6:10 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
3:40 am
Thu March 14, 2013

Samsung To Unveil Galaxy S4

Originally published on Thu March 14, 2013 7:34 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Samsung's new star.

At least the company hopes it is a star. Samsung is planning to unveil its new Galaxy S4 smartphone tonight in New York City, throwing down a new challenge to Apple's iPhone. The new Galaxy will be the flagship device on Google's Android platform, which dominates the smartphone market.

STEVE INSKEEP, HOST:

Samsung is now the sales leader for the industry, selling almost 385,000,000 cell phones last year.

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Business
3:26 am
Thu March 14, 2013

GM's Archive Offers Glimpse Of Its Past And Future

Cars at the GM Heritage Center in Sterling Heights, Mich., include a 1951 Le Sabre concept, at left.
General Motors

Originally published on Thu March 14, 2013 11:12 am

Transcript

RENEE MONTAGNE, HOST:

Let's consider a company, now, that's had lots of ups and downs - General Motors. Most of GM's history is in the form of cars, and that history is housed in a nondescript warehouse in a suburb of Detroit. It's called the GM Heritage Center. Not open to the public, it's an automotive archive.

NPR's Sonari Glinton got a tour.

SONARI GLINTON, BYLINE: There's probably no better job for a car nut than to be in charge of a vast auto archive for one of the biggest and oldest car companies.

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Business
3:26 am
Thu March 14, 2013

'Veronica Mars' Fans Set A Kickstarter Record

Originally published on Thu March 14, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Life on Mars.

The TV show "Veronica Mars" starred Kristen Bell as a teenage detective. Critics loved it. It gained a lot of devoted fans, but the show was canceled in 2007 after three seasons.

RENEE MONTAGNE, HOST:

Yesterday, the show's creator took to Kickstarter to raise money to make a movie version of the show. And in less than 12 hours, those devoted fans pledged more than $2 million, smashing the site's records along the way.

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Business
3:26 am
Thu March 14, 2013

Tablet Wars Heat Up As Amazon Cuts Kindle's Price

Originally published on Thu March 14, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

Now to those things that look like blown up versions of smartphones - tablets. Amazon has just slashed the price on two of its devices.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Amazon cut the price of its Wi-Fi only, large screen Kindle Fire HD to $269 and slashed the price of its 4G wireless version to $399 - substantially less than Apple's iPad.

Apple still leads the tablet market, but Technology research firm IDC predicts that Android devices lead by Samsung, will overtake iPads later this year.

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All Tech Considered
4:44 pm
Wed March 13, 2013

'Serendipitous Interaction' Key To Tech Firms' Workplace Design

Google employees play chess at the company's Russian headquarters in Moscow. Experts say tech companies are using "serendipitous interaction" in their workplace design to promote idea sharing and communication between employees.
Krasilnikov Stanislav ITAR-TASS /Landov

When Yahoo CEO Marissa Mayer decided to end full-time work-from-home arrangements at her company, a cultural firestorm ignited. But it was just the latest step in Mayer's effort to transform Yahoo's culture.

When the company was founded in the 1990s, it was one of the most exciting places to work in Silicon Valley. Those days are over; Yahoo has fallen woefully behind in the talent wars and now is trying to catch up.

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Business
3:35 pm
Wed March 13, 2013

Fast Fashion's Challenge: Making Money With 'Made In The USA'

American Apparel boasts that all of its products are made in the USA, primarily at its Los Angeles headquarters. Selling garments produced largely by machine, rather than by hand, has helped the company remain profitable.
Mark Ralston Getty Images

Originally published on Wed March 13, 2013 5:02 pm

In the world of fast fashion, two U.S.-based companies loom large: Forever 21 and American Apparel. Both are based in Los Angeles, but the two could not be more different.

American Apparel proudly boasts that the clothes it sells are "made in the USA." In contrast, Forever 21 subcontracts with factories all over the world.

Dov Charney, American Apparel's Canadian-American founder and CEO, has a reputation. "I knew from a very early age — in elementary school — that I was going to rub some people the wrong way," he says.

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Money Coach
9:57 am
Wed March 13, 2013

When Retirement Goes Wrong

Originally published on Wed March 13, 2013 11:34 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now, we want to take some time to talk about retirement. Later this hour, we will hear from someone who decided to retire at the advanced age of 32 and - no, his last name is not Buffett or Rockefeller or Gates. We'll ask him why and, equally important, how he managed to do this. That's coming up later this hour.

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Money Coach
9:57 am
Wed March 13, 2013

How To Have Your 'First Retirement' At 32

Originally published on Wed March 13, 2013 11:34 am

Transcript

MICHEL MARTIN, HOST:

We want to turn now to someone who is thinking about retirement in a very different way. Carl Seidman is in his early 30s, but just a few weeks ago, he quit his job as a consultant in Chicago and hopped on a plane to Chile. He's calling it his first retirement and he says you don't have to wait until you're 65 to retire either, and he's going to tell us more about that.

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