Business

Business
4:39 am
Sat February 2, 2013

The Dow's Big Day Rounds Out Big Week In Business News

Originally published on Sat February 2, 2013 1:07 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION, from NPR News. I'm Scott Simon. And the U.S. stock market's on a tear. The Dow Jones Industrial Average closed above 14,000 yesterday, for the first time in more than five years. Investors seized on encouraging news about factory orders and auto sales. They chose to look past a report that unemployment inched up last month, too, to 7.9 percent. NPR's Scott Horsley reports.

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The Salt
4:12 pm
Fri February 1, 2013

Where's The Beef? Burger King Finds Horsemeat In Its U.K. Patties

Originally published on Fri February 1, 2013 6:21 pm

Burger King has acknowledged this week that some of its burgers in Britain and Ireland included horsemeat, the latest development in an ongoing scandal.

Horsemeat actually contains just as much protein and far less fat than beef, according to nutritionists.

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It's All Politics
3:43 pm
Fri February 1, 2013

Why Steven Chu Was One Of Obama's Most Intriguing Choices

Energy Secretary Steven Chu tours the Vogtle nuclear power plant in Waynesboro, Ga., last year.
David Goldman AP

Of all the individuals in President Obama's first-term Cabinet, physicist Steven Chu was arguably the least likely to be found in official Washington.

The Energy Department secretary, after all, was a Nobel Prize-winning physicist from the University of California, Berkeley, the first science laureate to serve as a Cabinet secretary.

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The Two-Way
2:32 pm
Fri February 1, 2013

Dow Breaks 14,000 For First Time Since 2007

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.
Richard Drew AP

Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.

The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.

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Media
2:10 pm
Fri February 1, 2013

For Super Bowl Ads, More Social-Media Savvy

Deutsch LA

Originally published on Fri February 1, 2013 5:17 pm

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The Two-Way
11:13 am
Fri February 1, 2013

Taxi! Chinese Company Finds Fair Deal In London Cab Maker

Black taxis drive down The Mall in London. A Chinese company rescued the British automaker that manufactures the famous cabs.
Pierre-Philippe Marcou AFP/Getty Images

The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.

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Economy
10:12 am
Fri February 1, 2013

Can A Housing Comeback Save Lagging Job Numbers?

The winter may not be over, but economists are looking to spring for good news when it comes to jobs. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about whether a strengthening housing market could boost stalling jobs numbers.

Business
8:57 am
Fri February 1, 2013

Jobs Still Lag, But Homebuilding May Soon Help

A new home under construction in Pepper Pike, Ohio. This spring's jobs data could look much brighter if housing heats up.
Tony Dejak AP

Originally published on Sat February 2, 2013 2:43 pm

Here in the depths of winter, U.S. economic numbers aren't looking so hot. This week, new reports showed growth started to freeze up last fall, and the unemployment rate rose a bit in January, to 7.9 percent.

But most economists say you shouldn't let those cold facts fool you: This spring's data could look much brighter if the housing market continues to heat up.

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The Salt
8:10 am
Fri February 1, 2013

A Quest For Real Beer, Without The Gluten

More and more gluten-free beers are entering the marketplace. We asked a librarian with celiac disease for her list of favorites.
Bill Chappell NPR

Originally published on Fri February 1, 2013 11:39 am

Anyone who gives up gluten, either by choice or medical necessity, will inevitably feel a twinge of regret bidding adieu to bread, pasta or pastries. But for some, the greatest hardship may be saying no to beer — especially at times like Super Bowl Sunday, when having a cold one in hand is part of many people's game day tradition.

So it's no small thing that a growing number of brewers are offering gluten-free beers that are both tasty and satisfying.

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Planet Money
8:08 am
Fri February 1, 2013

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report

bgottsab Flickr

Originally published on Fri February 1, 2013 11:25 am

What's today's big jobs report say?

The U.S. economy lost 2.8 million jobs jobs in January.

What?!

Don't panic. The U.S. economy loses millions of jobs every January, in good times and bad, largely because tons of seasonal holiday jobs always wind down after Christmas.

So if you set aside the normal, seasonal stuff, how is the job market doing?

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The Two-Way
7:36 am
Fri February 1, 2013

Wacky Super Bowl Ads Are Already Getting Serious Play

The Volkswagen Super Bowl 2013 commercial is among the ads that already surfaced on social media. Some critics say its racial tone is demeaning.
Volkswagen via Youtube

Originally published on Fri February 1, 2013 3:07 pm

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The Two-Way
6:38 am
Fri February 1, 2013

Unemployment Rate Ticked Up In January; 157,000 Jobs Added

Job seekers came to the ThistleDown Racino and Horseshoe Casino in Warrensvile Hts., Ohio, last month.
Chuck Crow The Plain Dealer /Landov

Originally published on Fri February 1, 2013 8:47 am

(We updated the top of this post at 10:15 a.m. ET.)

The U.S. economy produced several hundred thousand more jobs than previously thought in 2011 and 2012 even as the nation's jobless rate remained stuck at a relatively high level, new data from the Bureau of Labor Statistics show.

While BLS said the unemployment rate ticked up to 7.9 percent in January from 7.8 percent the month before, it also reported that:

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Business
4:09 am
Fri February 1, 2013

Justice Department Moves To Block Beer Merger

Originally published on Fri February 8, 2013 8:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with fears of a beer monopoly.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Justice Department has filed a lawsuit to block Anheuser-Busch InBev from buying Grupo Modelo, the brewer of Corona.

As NPR's Ailsa Chang reports, the government says preventing the acquisition is the only way to keep beer prices down.

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NPR Story
4:09 am
Fri February 1, 2013

The Last Word In Business

Originally published on Fri February 1, 2013 11:09 am

Transcript

RENEE MONTAGNE, HOST:

And now to Google, which is looking for some hackers to ride to the top in an unusual competition. Our last word in business is: pi contest, as in 3.14.

STEVE INSKEEP, HOST:

Three point one four, that's the amount in millions of dollars that Google is offering in what its Podium Hacking Contest. The challenge here is to hack the Google Chrome operating system and expose security flaws.

Travis McCoy is the product manager for Chrome and we asked him why pi.

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Business
4:09 am
Fri February 1, 2013

Advertisers Want Eye Balls On Sunday's Super Bowl

Originally published on Mon February 4, 2013 6:59 am

Transcript

STEVE INSKEEP, HOST:

Something tells me a few people may be hoisting a few cold ones on Sunday. One hundred ten million people are expected to tune into the Super Bowl then. And, of course, it's not just the game that attracts people, it's also the ads. Viewers who watched the 1984 Super Bowl may not recall who won the game, but they may well remember the ad that Ridley Scott directed for Apple. And you may not recall very many plays from last year's Super Bowl, but I bet you heard about the Chrysler ad starring Clint Eastwood.

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Author Interviews
1:47 am
Fri February 1, 2013

Netflix Moves Back Into Content Production With 'Cards'

Justin Sullivan Getty Images

Originally published on Tue February 12, 2013 9:26 am

Netflix customers will soon have a new option: Along with the company's usual offerings, viewers will be able to watch a new show called House of Cards, a political drama adapted from a British show, and starring Kevin Spacey. David Fincher (known for The Social Network and Seven) will direct the first two episodes. But what's new about House of Cards is that all 13 episodes will be available at once — and they were financed by Netflix itself.

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Business
3:59 pm
Thu January 31, 2013

Fishermen Worry Cod Limits Could Put Them Out Of Business

Originally published on Thu January 31, 2013 5:55 pm

Transcript

AUDIE CORNISH, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News.

Making a living in commercial fishing in the Northeast has gotten tougher with each passing year. Now, regulators have announced strict new limits on the amount of cod fishermen can haul in from Massachusetts to Maine. It's part of an effort to rebuild severely depleted fish stocks.

As Maine Public Radio's Jay Field reports, some fishermen worry the new restrictions may finally put them out of business for good.

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Law
3:50 pm
Thu January 31, 2013

'Check Yes Or No': The Hurdles Of Employment With Criminal Past

For Americans with criminal records, it can be tough to land job interviews — especially when employers bar them from applying.
CYH iStockphoto.com

Originally published on Thu January 31, 2013 5:55 pm

Melissa spent months looking for a job — any job. For days, the 25-year-old consistently visited her welfare-to-work program in downtown Brooklyn, resume in hand and an interview smile splashed across her face.

"Every day, Monday through Friday, 9 to 4," she explains. "That's dedication."

Melissa, who asked us to not reveal her last name, has plenty of job experience. She's a self-identified "people person" and says she aces every interview. But there's just one thing holding her back: the past.

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All Tech Considered
1:18 pm
Thu January 31, 2013

What's Next, A Patent For The Lines Around Apple Stores?

Apple has trademarked its minimalist store design.
U.S. Patent and Trademark Office

Officially as of last week, there's nothing quite like Apple's stores. After an array of patents of its products, Apple has decided to go whole hog and trademark its minimalist store design. The trademark was approved by the U.S. Patent and Trademark Office on Jan. 22, Reuters reported.

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The Two-Way
10:57 am
Thu January 31, 2013

U.S. Moves To Halt AB InBev's Purchase Of Grupo Modelo

A $20.1 billion merger of beer conglomerates is now delayed, after the U.S. Justice Department sued to stop Anheuser-Busch InBev's acquisition of Mexico's dominant brewer, Grupo Modelo, Thursday. The agency's antitrust division says the two corporations haven't done enough to protect consumers.

The deal would put Corona, Bud Light, Stella Artois, and other popular beers under the same corporate umbrella, ending the competition that Justice officials say has resulted in lower prices. The Mexican government approved the merger last November.

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The Two-Way
10:08 am
Thu January 31, 2013

Citing Progress, White House Disbands Jobs Council

Originally published on Thu January 31, 2013 10:43 am

The White House said today that it would not extend the term of its jobs council, a group of high-profile executives tapped for advice on how to improve the country's jobs situation.

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The Two-Way
6:51 am
Thu January 31, 2013

Growth In Incomes, Spending Slowed In 2012; Jobless Claims Jumped Last Week

Consumer spending rose in 2012, but not by as much as the year before. In December, these shoppers were out and about in Glendale, Calif.
Robyn Beck AFP/Getty Images

Americans' personal incomes grew by 3.5 percent in 2012, compared with 5.1 percent growth the year before, the Bureau of Economic Analysis reports. And it says consumer spending rose 3.6 percent last year, vs. 5 percent in 2011.

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The Salt
6:38 am
Thu January 31, 2013

Future Farms Of America Might Not Include Much Family

Honey, what if the kids don't want it?
Goran Ljubisavljevic iStockphoto.com

It may sound like a line from The Godfather, but some agricultural specialists advise that farming isn't personal; it's business. And family farms need to think and act more like a business to survive in a competitive world, says Bernie Erven, professor emeritus in the department of agricultural economics at Ohio State University.

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The Two-Way
6:09 am
Thu January 31, 2013

Hack Attack On 'New York Times' Looks Like Part Of Chinese Campaign

Ramin Talaie Getty Images

Originally published on Thu January 31, 2013 2:57 pm

  • From 'Morning Edition': Renee Montagne speaks with reporter Nicole Perlroth

This news ...

"For the last four months, Chinese hackers have persistently attacked The New York Times, infiltrating its computer systems and getting passwords for its reporters and other employees."

... appears to be "part of a broader campaign against American media reporting on Chinese leaders," NPR's Louisa Lim reports from Beijing.

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Business
4:10 am
Thu January 31, 2013

The Last Word In Business

Originally published on Thu January 31, 2013 5:36 am

BlackBerry has unveiled a new smarthphone that it hopes will woo back the many customers it lost in the past few years. Among its strategies, the company appointed singer Alicia Keys as its global creative director. But in the last few days Keys was found to be tweeting from an iPhone, one of BlackBerry's big rivals.

Business
4:10 am
Thu January 31, 2013

Business News

Originally published on Thu January 31, 2013 5:08 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with advertisers liking Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: Facebook says its mobile advertising business nearly doubled from the third to fourth quarter of 2012. As a whole, the company's ad business grew at its fastest rate since it went public last May.

STEVE INSKEEP, HOST:

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Business
4:10 am
Thu January 31, 2013

Economists Shrug Off Weak U.S. Growth Rate

Originally published on Thu January 31, 2013 5:11 am

The economy shrank a bit in the fourth quarter and analysts are trying to figure out why. It's clear that declines in business inventories and government spending played a role, but was the real problem the narrowly averted fiscal cliff?

Business
4:10 am
Thu January 31, 2013

Lenovo Believes PCs Will Still Be Necessary

Originally published on Thu January 31, 2013 4:47 am

Chinese computer company Lenovo has become the world's biggest seller of personal computers. Steve Inskeep talks to Vijay Vaitheeswaran, a correspondent for The Economist, about his recent article in the magazine on the rise of Lenovo.

Planet Money
3:16 am
Thu January 31, 2013

Should Gun Owners Have To Buy Liability Insurance?

George Frey Getty Images

Originally published on

Note: We originally published a version of this post a few weeks ago. We are republishing it now to coincide with our story airing today on Morning Edition.

All kinds of proposals to reduce gun violence have been floated recently. One idea that has gotten the attention of economists is liability insurance. Most states require car owners to have liability insurance to cover damages their vehicles cause to others; some economists think we should require the same of gun owners.

We reached out to a few economists to get their thoughts.

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Business
2:08 am
Thu January 31, 2013

Boeing Contract Offer Could Prompt Engineers Strike

A Boeing 787 under construction inside a production facility at a Boeing plant in Everett, Wash., last year.
Susan Walsh AP

Originally published on Fri February 1, 2013 12:18 pm

Boeing is scrambling to figure out why batteries malfunctioned on its 787, prompting officials to ground the airplane this month. And at a time when Boeing most needs its skilled engineers, they're weighing a possible strike. Union leaders are considering the company's final contract offer.

The standoff between Boeing and about 23,000 engineers and technicians — mostly in the Seattle region — has been brewing for months. Dozens of them recently packed a union hall south of Seattle for training in how to run a picket line.

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