Business

Business
1:41 am
Mon January 21, 2013

The Last Word In Business

Originally published on Mon January 21, 2013 8:01 am

With huge crowds expected in Washington, D.C., dozens of pedicab drivers have come to town to take advantage of the president's swearing in. Mike Kowalczyk of Newport, Rhode Island, told WTOP he's a little worried about directions. He said he got lost his first night in the nation's capital.

Arts & Life
1:22 am
Mon January 21, 2013

Aretha Franklin Was Already Famous, But Her Hat-Maker Wasn't

At the Jan. 20, 2009, inauguration of President Obama, Aretha Franklin's hat nearly stole the show. Her chapeau became a sensation, and made its creator, 36-year-old Luke Song, famous overnight.
Ron Edmonds AP

Originally published on Mon January 21, 2013 10:54 am

After the first Obama inauguration, everybody talked about three things: the historic moment, the Arctic weather — and Aretha Franklin's hat.

If it is possible for a piece of millinery to steal the thunder of one of the most-watched moments in recent memory, the Queen of Soul's hat managed to do it. Her gray felt cloche was topped with a giant, matching bow, outlined in rhinestones that flashed in the chill sunlight as she sang "My Country 'Tis of Thee."

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Environment
3:01 pm
Sun January 20, 2013

Former Anti-GMO Activist Says Science Changed His Mind

Harvest wheat from a field near Wright, Kan. May 10, 2004.
ORLIN WAGNER ASSOCIATED PRESS

Originally published on Sun January 20, 2013 3:29 pm

For years, British environmental activist Mark Lynas destroyed genetically modified food (GMO) crops in what he calls a successful campaign to force the business of agriculture to be more holistic and ecological in its practices.

His targets were companies like Monsanto and Syngenta — leaders in developing genetically modified crops.

Earlier this month he went in front of the world to reverse his position on GMOs.

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Around the Nation
4:02 am
Sun January 20, 2013

Dependent On Arms Plant, N.Y. Town Braces For Gun Laws' Impact

Standing near the Remington Arms factory, Beth Neale, deputy mayor of Ilion, N.Y., says she's watched a lot of large manufacturers leave the region. She's not sure Ilion would easily recover from losing Remington.
Marie Cusick for NPR

Originally published on Sun January 20, 2013 11:30 am

When New York state passed a wave of new gun-control laws on Jan. 15, it outlawed a type of assault rifle made just over an hour's drive from the state capital.

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Business
4:41 am
Fri January 18, 2013

CEO Marchionne Drives Chrysler's Dramatic Turnaround

Originally published on Fri January 18, 2013 7:11 am

With the global auto industry gathered in Detroit this week for the city's renowned auto show, Renee Montagne talks to Chrysler CEO Sergio Marchionne about his company's stunning turnaround, manufacturing overseas and a Chrysler IPO.

Business
4:41 am
Fri January 18, 2013

The Last Word In Business

Originally published on Fri January 18, 2013 7:11 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today: prime Washington real estate.

Prestige address, 16 bedrooms, 35 bathrooms, three kitchens, all nestled on 18 acres of manicured gardens.

DAVID GREENE, HOST:

Business
4:41 am
Fri January 18, 2013

Amazon Starts Music Store For Apple Devices

Originally published on Fri January 18, 2013 7:11 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Apple and Amazon.

People who own iPhones, iPads and iPods will now be able to purchase music from Amazon directly onto those devices. NPR's Laura Sydell reports on Amazon's latest attempt to compete with iTunes.

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Business
4:41 am
Fri January 18, 2013

Whole Foods CEO John Mackey Takes Back Fascism Comment

Originally published on Fri January 18, 2013 7:11 am

Steve Inskeep interviewed Whole Foods CEO John Mackey on Wednesday and Thursday. Mackey has a new book out called Conscious Capitalism. Mackey used the word "facism" when answering a question about the health care measure.

Superstorm Sandy: Before, During And Beyond
1:34 am
Fri January 18, 2013

Experts Urge Caution As $50 Billion In Sandy Aid Passes House

Much of the money from the Hurricane Sandy relief bill the House of Representatives passed will fund beach and infrastructure restoration projects in areas such as Mantoloking, N.J., seen on Oct. 31.
Doug Mills AP

Originally published on Fri January 18, 2013 7:11 am

The House of Representatives passed a bill this week to spend $50 billion to help states struck by Hurricane Sandy. The action comes more than two months after the storm, and the measure now goes to the Senate.

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All Tech Considered
3:38 pm
Thu January 17, 2013

Bump On The Road For Driverless Cars Isn't Technology, It's You

Car companies are picking up automobile concepts such as this Lexus SL 600 Integrated Safety driverless research vehicle, shown at the Consumer Electronics Show in early January in Las Vegas.
Julie Jacobson AP

Originally published on Thu January 17, 2013 11:07 pm

When you watch science fiction movies, you notice there are two things that seem like we will get in the future — a silver jumpsuit and driverless cars.

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Business
2:57 pm
Thu January 17, 2013

Beleaguered American Airlines Looks For A Fresh Start With New Look

Originally published on Thu January 17, 2013 4:10 pm

American Airlines unveiled the first change to its logo and the look of its planes since 1968 on Thursday.

The Two-Way
11:03 am
Thu January 17, 2013

Calling Obamacare 'Facisim' Was 'Poor Choice Of Words,' Whole Foods CEO Says

John Mackey is co-CEO and co-founder of Whole Foods Market and co-founder of the nonprofit Conscious Capitalism, Inc.
Whole Foods Market Courtesy Harvard Business Review Press

Originally published on Thu January 17, 2013 1:06 pm

When The Salt posted Wednesday that Whole Foods CEO John Mackey told Morning Edition that President Obama's health care overhaul isn't socialism, it's "fascism," there was quite a response. The post has more than 500 comments, so far.

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Economy
8:05 am
Thu January 17, 2013

In Connecticut, Two Sides Of A Deep Economic Divide

For more on this GlobalPost series, click here.
GlobalPost

Originally published on Tue January 22, 2013 7:21 am

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The Two-Way
6:42 am
Thu January 17, 2013

Jobless Claims At Five-Year Low; Home Building Hit Five-Year High In 2012

Going up in Chicago: Row houses under construction.
Scott Olson Getty Images

Originally published on Thu January 17, 2013 12:53 pm

There were 335,000 first-time claims for unemployment insurance last week, down 37,000 from the week before, the Employment and Training Administration reports.

That's the lowest total for any one week since January 2008.

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Business
3:37 am
Thu January 17, 2013

The Last Word In Business

Originally published on Thu January 17, 2013 9:11 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: outsourcing.

When an American-based company noticed that somebody had been logging onto their computer system from China, day after day, they worried it was hackers so they called in some telecom risk experts from Verizon.

RENEE MONTAGNE, HOST:

And what they discovered was surprising. The activity from China was all being done with the logon of one of the firms' top software developers. Turns out the unnamed employee was outsourcing his job to several Chinese consulting companies.

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Author Interviews
3:37 am
Thu January 17, 2013

Part 2: 'Conscious Capitalism'

Originally published on Thu January 17, 2013 9:11 am

Steve Inskeep continues his conversation with Whole Foods CEO John Mackey, who in 2009 denounced President Obama's proposed health care law. Mackey's new book is Conscious Capitalism.

Business
3:37 am
Thu January 17, 2013

Business News

Originally published on Thu January 17, 2013 9:11 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with another ominous sign from Europe.

We've told you, in recent days, how car sales in the United States have really surged as people finally had some money to spend or finally made a long delayed purchase.

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Business
3:37 am
Thu January 17, 2013

How Is The Housing Industry's Recovery Faring?

Originally published on Thu January 17, 2013 9:11 am

Transcript

RENEE MONTAGNE, HOST:

The Federal Reserve, yesterday, released its latest snapshot of the state of the U.S. economy. Retail and auto sales were up slightly over the year before, as was activity in the all important housing sector. Real estate sales were seen as steady or improved across much of the country.

For more on housing prices and economic recovery, we turn this morning, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. Good morning.

DAVID WESSEL: Good morning, Renee.

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Business
3:37 am
Thu January 17, 2013

New Rules Issued For Mortgage Servicing Companies

Originally published on Thu January 17, 2013 9:11 am

Transcript

RENEE MONTAGNE, HOST:

The Consumer Protection Financial Bureau is unveiling today the second half of its new mortgage rules. It will outline how the mortgage industry must manage loans that are delinquent or in the process of being foreclosed.

NPR's Yuki Noguchi reports that these rules, among other things, aim to make it easier for borrowers to communicate with the people handling their mortgages.

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Around the Nation
3:37 am
Thu January 17, 2013

FBI Arrests Dozens In Garbage Pickup Case

Originally published on Thu January 17, 2013 9:11 am

Transcript

STEVE INSKEEP, HOST:

Some other news. Thirty-two people from New York and New Jersey are charged with using threats of violence to control garbage pickup routes.

Authorities say many have ties to the mob, as NPR's Joel Rose reports.

JOEL ROSE, BYLINE: Organized crime has a long history of infiltrating the trash collection business in New York and New Jersey. It's also the official family business of America's most famous TV gangster, Tony Soprano.

(SOUNDBITE OF TV SHOW, "THE SOPRANOS")

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NPR Story
3:27 am
Thu January 17, 2013

FAA Grounds Boeing's New Jetliner In The U.S.

Originally published on Thu January 17, 2013 9:11 am

Transcript

RENEE MONTAGNE, HOST:

Still more trouble for Boeing's newest passenger jet, the 787, known as the Dreamliner. The FAA has grounded all U.S.-owned 787s because of safety concerns. This follows an earlier move by Japan doing the same. NPR's Wendy Kaufman reports for today's Business Bottom Line.

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Business
3:11 pm
Wed January 16, 2013

Troubles Continue For 787 Dreamliner With Groundings In Japan

Originally published on Fri January 18, 2013 5:16 am

Transcript

AUDIE CORNISH, HOST:

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

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

There are new and bigger troubles today for the Boeing 787, the airplane known as the Dreamliner. Late today, the FAA grounded the U.S. fleet of 787s for safety checks. The grounding and inspection order will likely be implemented around the world. The move comes after two serious battery-related problems occurred on two different Dreamliners in the past 10 days. Here's NPR's Wendy Kaufman.

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The Two-Way
2:28 pm
Wed January 16, 2013

JPMorgan Chase Sees Profits Rise, Halves CEO's Salary For London Debacle

Originally published on Thu January 17, 2013 4:41 am

JPMorgan Chase reports that its profits were up 53 percent in the fourth quarter of 2012 — but CEO Jamie Dimon's pay will be cut in half, after the bank lost billions of dollars on risky bets made in its London office. The incident tarnished the reputation of Dimon, who had successfully steered his bank through the recent financial crisis.

"This past year has been a bruising one for Dimon," as NPR's Steve Henn reports for our Newscast unit:

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The Two-Way
1:00 pm
Wed January 16, 2013

Outsourced: Employee Sends Own Job To China; Surfs Web

Plugged in, but not at work: Web security personnel were called in to find out how a company's network was being accessed from China. They found that an employee had outsourced his own job.
AFP AFP/Getty Images

Originally published on Thu January 17, 2013 4:41 am

What began as a company's suspicion that its infrastructure was being hacked turned into a case of a worker outsourcing his own job to a Chinese consulting firm, according to reports that cite an investigation by Verizon's security team. The man was earning a six-figure salary.

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Business
9:57 am
Wed January 16, 2013

Small Business Owners Turn To Friends For Money

Starting a small business hasn't been easy lately. People are now turning to their peers for funding after being denied credit from big banks. But that has its own set of risks and rewards. Host Michel Martin explores the future of small business in 2013.

The Two-Way
6:51 am
Wed January 16, 2013

Inflation Rate Slowed Sharply In 2012; Prices Were Flat In December

The cost of a gallon of gas kept rising last year, but not at the torrid pace of 2010 and 2011. That helped keep inflation in check.
Joe Raedle Getty Images

Originally published on Wed January 16, 2013 8:21 am

Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent.

In December, BLS says, prices were unchanged.

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Business
3:37 am
Wed January 16, 2013

Who Is The Real Victims Of The NHL Lockout?

Originally published on Wed January 16, 2013 3:59 am

Transcript

RENEE MONTAGNE, HOST:

The lockout is over and the much delayed National Hockey League's season is now set to begin on Saturday. The regular season will run 48 games instead of the usual 82.

So what's the economic effect of missing almost half the season? NPR's Mike Pesca finds, not as bad as you might think.

MIKE PESCA, BYLINE: We've all seen the reports during the lockout, the empty bar near the arena should be brimming with Bruins backers or a Washington Avalanche acolytes. Or maybe it's not a bar. Maybe it's pizza in Pittsburgh.

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Business
3:37 am
Wed January 16, 2013

Sick Workers' Dilemma: Stay Home Or Go To Work?

Chaim Gross, 24, is known as "Patient Zero" at his company Zeno Radio. About half of the workers have fallen ill in the past couple of months.
Ailsa Chang NPR

Originally published on Wed January 16, 2013 6:18 am

As the earliest flu outbreak in years continues to claim victims, businesses are taking a hit, too. They're faced with an unsolvable problem: If they tell too many sick employees to stay home, the work doesn't get done. But when people sick with flu and other bugs show up, they're spreading illness through the workplace.

It's a dilemma the staff at Zeno Radio, a media technology company in Midtown Manhattan, has seen unfold this winter.

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Business
3:37 am
Wed January 16, 2013

Business News

Originally published on Wed January 16, 2013 4:52 am

The new figure predicts the world economy will grow by only 2.4 percent this year — lower than the 3 percent the World Bank predicted last June. Among the reasons the bank cited for the new forecast: the continued economic weakness of developed countries.

Business
3:37 am
Wed January 16, 2013

The Last Word In Business

Originally published on Wed January 16, 2013 4:56 am

The online retailer Cafe Press is happy to sell you inaugural mouse pads, shot glasses, and mugs. And the merchandise is bipartisan, including a sweatshirt with the message: "I was Anti-Obama Before It Was Cool."

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