Business

The Two-Way
1:03 pm
Wed May 14, 2014

'New York Times' Replaces Jill Abramson As Executive Editor

Jill Abramson
Evan Agostini AP

Originally published on Wed May 14, 2014 9:57 pm

This story was updated at 6:30 p.m. ET.

The New York Times is replacing Executive Editor Jill Abramson with Dean Baquet, the paper's managing editor.

Abramson, who took the top spot at the newspaper in 2011, was the first woman to hold that job.

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Business
3:21 am
Wed May 14, 2014

Calif. Gov. Brown Urged To Expand Tax Credits For Movie Industry

Originally published on Wed May 14, 2014 7:28 am

The state Assembly passed a bill to offer tax incentives to film and TV production companies. Big city mayors signed a letter in support, but it's not clear Gov. Jerry Brown will sign on.

NPR Story
3:03 am
Wed May 14, 2014

Astronaut's Video Taken Down After Copyright Expires

Originally published on Wed May 14, 2014 5:27 am

Astronaut Chris Hadfield covered David Bowie's "Space Oddity" while he was in space. In the copyright agreement, Bowie said the YouTube video could stay up a year. The year ended at midnight.

NPR Story
3:03 am
Wed May 14, 2014

Chinese Airline Orders 50 Planes From Boeing

Originally published on Wed May 14, 2014 5:27 am

The order comes as the Chinese government loosens control over low-cost travel to meet demand from its growing middle class.

Sweetness And Light
1:47 am
Wed May 14, 2014

The Olympics: A Modern Day World's Fair (And Money Magnet)

International Olympic Committee President Thomas Bach and Comcast Corp. chairman Brian Roberts signed an agreement this month that secures U.S. broadcast rights for NBC Universal through 2032.
Arnaud Meylan AP

Originally published on Wed May 14, 2014 10:50 am

Because it's the 50th anniversary, there's been a wave of nostalgia for the last New York World's Fair. It made me wonder: Whatever happened to World's Fairs?

Well, it turns out that they still exist. In fact, you, too, can go to a certified World's Fair next year in Milan, where the fun theme is "Feeding the planet, energy for life" — real cotton candy stuff that helps explain why World's Fairs are not so popular anymore.

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Shots - Health News
1:46 am
Wed May 14, 2014

Obamacare Prompts Firm To Consider Dropping Its Health Plan

AmeriMark employees sort through return orders on the catalog company's processing floor.
Sarah Jane Tribble / WCPN

Originally published on Wed May 14, 2014 11:09 am

AmeriMark Direct founded its catalog business in Cleveland in the 1960s, and for decades, everyone assumed that health insurance came with the job.

These days, the 700-employee company doesn't assume anything.

The traditional mail-order catalog company sells a broad selection of products — from magnetic "fashion bracelets" and patio dresses to sexual health aids and religious-themed blankets.

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The Two-Way
3:27 pm
Tue May 13, 2014

2 Die In W.Va. Mine With Troubled Safety Record

Two coal miners died in a mine accident in Boone County, W.Va., Monday night, in a mine with a troubled safety record.

The accident occurred at the Brody Mine No.1, which is owned by Patriot Coal. In a statement, the company says the deaths were caused by "a severe coal burst as the mine was conducting retreat mining operations."

A burst occurs when the downward pressure of the earth sitting above the mine forces coal or rock to shoot out from the rock walls.

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Planet Money
3:04 pm
Tue May 13, 2014

In Somalia, Collecting People For Profit

Adad Hassan Jimali stands next to a sign for her private camp for displaced persons. The camp, which is in Mogadishu, Somalia, is called Nasiib Camp.
Gregory Warner NPR

Originally published on Thu June 19, 2014 4:28 am

Last year I took a drive through the streets of Mogadishu, Somalia, in a bulletproof SUV. My seatmate was Justin Brady, who at the time was working for the U.N. We were both wearing body armor — standard issue for these trips — and we were followed by a second car with more guys with guns.

Coordinating humanitarian aid can be an incredibly risky job in Somalia, where Islamist militants al-Shabab have declared open season on any Westerner or anyone accused of working with the so-called Western occupier.

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Business
2:45 pm
Tue May 13, 2014

Companies Face Backlash Over Foreign Mergers To Avoid U.S. Taxes

Pfizer is pursuing British drugmaker AstraZeneca, in part because it wants to lower its tax rate by moving its headquarters to London.
Spencer Platt Getty Images

Originally published on Tue May 13, 2014 5:26 pm

U.S. drugmaker Pfizer has offered more than $100 billion to acquire its London-based rival, AstraZeneca. Pfizer says it likes AstraZeneca's strong "pipeline" of new drugs. But the American company makes clear it is pursuing the British firm because it wants to lower its tax rate.

All Pfizer has to do is buy the company and move its headquarters to London.

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Music
2:32 pm
Tue May 13, 2014

From B-Boys To Billions, A Brief History Of Hip-Hop As Business

Originally published on Tue May 13, 2014 5:26 pm

Apple is expected to buy Beats Electronics for more than three billion dollars, meaning Beats co-founder Dr. Dre would be close to becoming the first hip-hop billionaire. Professor Travis Gosa, who teaches hip-hop culture at Cornell, comments on the trajectory of hip-hop, from the underground to international markets and brands.

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The Two-Way
2:18 pm
Tue May 13, 2014

Russia Aborts Rocket Engine Sales, GPS Cooperation With U.S.

Orbital Sciences Corp.'s Antares rocket lifts off at Wallops Island, Va., in April of last year. The Antares uses a pair of Russian-made NK-33 rocket engines that Moscow says it will stop supplying for military launches.
Steve Helber AP

In a tit-for-tat sanctions dispute over the situation in Ukraine, a top Russian official said Tuesday that Moscow would stop supplying the U.S. with rocket engines used in military satellite launches and suspend operation of GPS ground stations in Russian territory.

The moves come after Washington banned some high-tech equipment sales to Russia as part of sanctions in response to the annexation of Crimea.

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Business
2:05 pm
Tue May 13, 2014

Housing Regulator Has Big Plans In Store For Two Mortgage Titans

Originally published on Tue May 13, 2014 5:26 pm

A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded.

The Salt
2:05 pm
Tue May 13, 2014

Ranchers Wary As U.S. Considers Brazilian Beef Imports

Cattle rancher Sharon Harvat says she's worried about how the Brazilian beef imports will impact her business.
Luke Runyon NPR

Originally published on Tue May 13, 2014 6:25 pm

Sharon Harvat drives a blue pickup truck through a field of several hundred pregnant heifers on her property outside Scottsbluff in western Nebraska. Harvat and her husband run their cattle in the Nebraska panhandle during the winter, then back to northern Colorado after the calves are born.

Harvat says when she heard about a proposal to open up the beef trade with Brazil, she felt a pit in her stomach.

"On an operation like ours, where we travel a lot with our cattle, that would probably come to an abrupt halt if there was an outbreak," she says.

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All Tech Considered
10:34 am
Tue May 13, 2014

Big Questions Now That Europeans Can Edit Google Search Results

Attendees line up to enter the Google I/O developers conference in San Francisco in May 2013.
Justin Sullivan Getty Images

Originally published on Tue May 13, 2014 11:25 am

In case you missed it, Europe's highest court has set a new precedent: Individuals in 28 European countries can now request the removal of search results they consider harmful. Is this ruling a big win for the individual? Or does this break the Internet?

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Shots - Health News
9:37 am
Tue May 13, 2014

Employers May Start Paying You To Buy Health Insurance

Employees pay directly for their health insurance in "defined contribution" plans.
iStockphoto

What if employers started giving workers a chunk of cash to buy health insurance on their own instead of offering them a chance to buy into the company plan? Are workers ready to manage their own health insurance like they do a 401(k)?

The idea that employers might drop their health plans and replace them with a "defined contribution" for employees has been around for years. It's one way for employers to control their expenses in the face of the relentlessly rising costs of health care.

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The Two-Way
6:51 am
Tue May 13, 2014

Google Must Delete Personal Data When Asked, European Court Says

Originally published on Tue May 13, 2014 8:06 am

People have the right to have data about them deleted from online databases, the European Court of Justice says, in a ruling issued against Google on Tuesday. The search company had fought a Spanish court's order to remove links to online newspaper articles in a case that began in 2011.

"A Spanish man brought this case, arguing that Google's search results infringed on his privacy," NPR's Ari Shapiro reports for our Newscast unit. "A search of his name brought up an auction notice of his repossessed home from 16 years ago."

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Media
5:50 am
Tue May 13, 2014

NPR Picks Jarl Mohn As Its Next CEO

Jarl Mohn replaces Gary Knell, who left last year to run the National Geographic Society. Mohn is slated to start work at NPR on July 1.

NPR Story
3:20 am
Tue May 13, 2014

Facebook Looking To Open A Sales Office In Beijing

Originally published on Tue May 13, 2014 5:30 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Facebook liking China.

(SOUNDBITE OF MUSIC)

MONTAGNE: Bloomberg news reports that Facebook could open a sales office in Beijing from within a year. This, even though it was banned in China five years ago. A new office would service Chinese businesses wanting to advertise internationally.

Research News
3:20 am
Tue May 13, 2014

More Parental Attention May Give First-Born Kids Advantages

Originally published on Tue May 13, 2014 8:00 am

Firstborn kids often do better in school and, on average, go on to earn more money than their younger siblings. A new theory tries to explain why.

Business
3:20 am
Tue May 13, 2014

Gregg Allman Sues To Stop Production Of 'Midnight Rider'

Originally published on Tue May 13, 2014 9:04 am

Lawyers for the singer and the producers of the biopic on Tuesday asked a Georgia judge to dismiss Allman's lawsuit to block the film. They say they're on a "path to resolution" outside court.

Business
3:20 am
Tue May 13, 2014

Time Warner, DirecTV Squabble Over Dodgers TV Network

Originally published on Tue May 13, 2014 9:15 am

The Dodgers launched a network to carry their games. But a dispute over broadcast fees and whether the network should be offered ala carte has kept it dark in 70 percent of the Los Angeles market.

Parallels
1:06 am
Tue May 13, 2014

The Global Economy: A World Of Acronyms

Shoppers gaze at a jewelry store display window in the Turkish capital Ankara on Feb. 19. Some economists have coined the term MINT to include the up-and-coming emerging markets of Mexico, Indonesia, Nigeria and Turkey. But Turkey has been hit by street protests, and others in the group have had their share of recent turbulence.
Adem Altan AFP/Getty Images

Originally published on Tue May 13, 2014 9:42 am

The world of finance gave birth in 2001 to a new buzzword: BRIC. The word is an acronym for Brazil, Russia, India and China. Jim O'Neill, an economist with Goldman Sachs who's been credited with coining the term, saw those four countries as turbo-charged engines among emerging markets, ones that would give Western economies a run for their money.

O'Neill says when he dreamed up the acronym 13 years ago, people didn't really focus on the potential importance of some of these countries.

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Parallels
1:05 am
Tue May 13, 2014

The French Ask: Should We Be Building Warships For Russia?

The Vladivostok warship, a Mistral class LHD amphibious vessel ordered by Russia, at the STX France shipyard in Saint-Nazaire, France, on Friday. The Vladivostok is one of two ships Russia ordered from France.
Jean-Sebastien Evrard AFP/Getty Images

Originally published on Tue May 13, 2014 7:57 am

French President Francois Hollande says that for now, France intends to go through with a deal to build two warships for the Russian navy. The first of the Mistral-class assault vessels is supposed to be delivered in October.

The $1.6 billion deal is the biggest sale to Russia ever by a NATO country. And three years ago, when the contract was signed, French officials hailed it as a sign that Moscow should be considered a partner, not an enemy. Still, there were critics among NATO allies even then.

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Economy
2:38 pm
Mon May 12, 2014

For Geithner, Financial Crisis Was Like Landing A Burning Plane

Then-Treasury Secretary Timothy Geithner testifies before the House Financial Services Committee in 2012. He says he struggled with communicating why he had to help the banks during the financial crisis.
Alex Wong Getty Images

Originally published on Mon May 12, 2014 6:27 pm

Timothy Geithner was president of the New York Federal Reserve when the Wall Street bank Lehman Brothers collapsed in 2008. A few months later, he became Treasury secretary as the crisis deepened on his watch.

Geithner received mixed reviews of his performance during that time. Wall Street types take him for a champion of excessive government intervention and regulation, while Occupy Wall Street types consider him a tool of the banks. Geithner, however, says he was just trying to get the financial system out of a multifaceted crisis with the threat of a Great Depression looming.

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The Two-Way
11:24 am
Mon May 12, 2014

Reports: FCC Chairman Revising Net Neutrality Rules

Originally published on Mon May 12, 2014 2:25 pm

Where the Federal Communications Commission ends up on net neutrality seems to be up in the air: The Wall Street Journal, USA Today and The Washington Post are reporting that FCC Chairman Tom Wheeler is revising a proposal that would allow Internet providers to

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Politics
10:00 am
Mon May 12, 2014

Is White House Doing Enough To 'Bring Back Our Girls'?

Originally published on Mon May 12, 2014 10:24 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. We're going to start the week with politics, but it is a political story that is hitting close to home for many Americans and, as it turns out, for the White House. There was a very personal message from the White House this weekend about the hundreds of school girls who were kidnapped in Nigeria in April by religious extremists. First lady Michelle Obama focused on the issue for her Mother's Day video statement.

(SOUNDBITE OF ARCHIVED RECORDING)

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Business
5:21 am
Mon May 12, 2014

China Looks To Expand Rail Lines

Originally published on Mon May 12, 2014 6:04 am

Rail officials in China are talking about a high-speed rail line running to North America — including a 120-mile tunnel under the Bering straits, connecting to Alaska.

Business
3:25 am
Mon May 12, 2014

Japan Moves Closer To Legalizing Gambling

Originally published on Mon May 12, 2014 10:55 am

American casino businesses can't wait to get in on the action. If legalized, Japanese gambling resorts could be open by 2020, just in time for the Tokyo Olympics.

NPR Story
3:06 am
Mon May 12, 2014

Mormon Bishop Highlights Health Coverage Gap Among Utah's Poor

Originally published on Mon May 12, 2014 1:06 pm

Transcript

STEVE INSKEEP, HOST:

Many republican governors have taken a stand against Obamacare by refusing to expand Medicaid. Utah, which is one of the most republican states in the nation, remains undecided. But in a state where the majority of the population are Mormons, one bishop from the Church of Jesus Christ of Latter Day Saints says helping the poor is a moral obligation. Andrea Smardon from member station KUER in Salt Lake City has more.

(SOUNDBITE OF CHECKOUT SCANNER)

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NPR Story
3:06 am
Mon May 12, 2014

Glass, A New Digital Site, To Obsess On TV And Video

Originally published on Mon May 12, 2014 6:04 am

Senior editor Zach Seward and the all digital publication Quartz are launching a smaller site called Glass. It may offer hints about ways reporters will share information in the future.

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