In advance of the opening ceremonies of the Winter Olympics, journalists have been arriving at Sochi area hotels. And they've immediately started complaining on Twitter about shabby or unfinished buildings.
Microsoft's new CEO Satya Nadella is part of a wave of highly educated Indian immigrants who came to America a generation ago with expectations back home that they would succeed. Nadella has done just that and more, taking the reins of one of the world's top companies.
Greece has historically spent an outsized amount of its budget on military equipment to protect its border with historic longtime rival, Turkey. Now an investigation into the purchase of submarines suggests that defense might not be the only reason for all that spending. The investigation exposed high-level corruption behind those arms deals.
The sheer size and frequency of the recent credit card data breaches at Target, Neiman Marcus and other companies are prompting lawmakers to consider legislative options to keep sophisticated cyberthefts from happening.
"If anything, we've learned from this major, major breach that we can no longer do nothing," said Sen. Amy Klobuchar, D-Minn. "We have to take action."
"Money from Apple, Microsoft, AT&T, Verizon, Sprint and other companies, combined with $2 billion from the Federal Communications Commission, will help connect up to 15,000 schools and 20 million students.
A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole personal information of tens of millions of Target customers during the holiday shopping season. The incident has underscored the increasing sophistication of cyber criminals and the vulnerability of big retailers. NPR's Jim Zarroli has more on the hearing.
Satya Nadella is just the third CEO in Microsoft's 39-year history. He's a Microsoft insider tasked with re-energizing the company and making it more relevant in a future likely to be dominated by mobile technology. As Nadella moves into his new role, he will be supported by Bill Gates, who is stepping down as chairman to become more involved with technology development.
This is a case about a bankrupt company, legal shenanigans, and a rare type of cancer.
You may have seen TV commercials about mesothelioma, mainly caused by inhaling asbestos — minerals many companies once used in insulation and other products.
According to a 2011 report from the U.S. Government Accountability Office, companies have set aside more than $30 billion for mesothelioma victims since the 1980s. Asbestos lawsuits have played a role in about 100 companies' going bankrupt.
Originally published on Wed February 5, 2014 6:09 am
With a vote of 68-32, the Senate approved a sweeping farm bill Tuesday that will set rules and practices for American agriculture for five years. The bill does away with controversial direct cash payments made to farmers under a subsidy system, replacing it with crop insurance.
The National Institutes of Health is teaming up with major drug companies in a new effort to identify disease-related molecules and biological processes that could lead to future medicines.
The public-private partnership is called AMP, for the "Accelerating Medicines Partnership," and it will focus first on Alzheimer's disease, Type 2 diabetes, and two autoimmune disorders: rheumatoid arthritis and lupus.
After a long and closely watched CEO search, Microsoft has tapped Satya Nadella, an insider and 22-year veteran of the company. Microsoft co-founder Bill Gates is stepping down as chairman and will help Nadella shape technology and product development.
I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for matters of personal finance. It's been a week since President Obama's State of the Union address. And you might remember him talking about the country's retirement crisis and his plan for something called up MyRAs to help people jumpstart their savings, especially if they don't work for a company with a retirement account.
Originally published on Wed February 5, 2014 12:30 pm
While it's never been considered a "cool" company, Microsoft is still a force — worth $300 billion, and Windows operating systems still run on a big chunk of the world's computers. While the profile of founder and former CEO Bill Gates still looms large, outgoing leader Steve Ballmer took the reins in 2000. And Tuesday, the board chose an internal candidate — 46-year-old Indian-American engineer Satya Nadella — to head the company.
Next week, workers at a Chattanooga auto plant run by Volkswagen will vote on whether to join the United Auto Workers. This is the first attempt in 13 years to unionize a plant that is not run by one of the big three Detroit automakers.
As Michigan Radio's Tracy Samilton reports, Volkswagen has given the drive its blessing, so outside groups are stepping in to fight the union.
Quite possibly, you've noticed some new food labels out there, like "Not made with genetically modified ingredients" or "GMO-free." You might have seen them on boxes of Cheerios, or on chicken meat. If you've shopped at Whole Foods, that retailer says it now sells more than 3,000 products that have been certified as "non-GMO."
Think you've got what it takes to be the Asparagus Queen?
Mainstream beauty pageants still get tons of applicants every year (even after the dip in participation during the 2008 recession). The same can't be said for the rural festival pageant circuits, The Wall Street Journal's Lindsay Gellman tells Audie Cornish on All Things Considered.
On Monday, the Dow Jones industrial average plunged an additional 326 points, down about 2 percent to 15,373. That was the seventh triple-digit drop so far this year. Back on Dec. 31, the Dow was at 16,577.
Warning that "simply delaying action on the debt limit can cause harm to our economy," Treasury Secretary Jacob Lew repeated Monday that he believes Congress should act soon to raise that limit so the federal government avoids even looking like it might default on its debts.
Would you notice an unexpected charge of $10 or less on your credit card statement? Lots of consumers don't — and scammers count on that, says Steve Barnas, president and CEO of the Better Business Bureau in northern Illinois.
But Barnas says the Better Business Bureau is now hearing from consumers across the country about $9.84 credit charges for what look to be very innocuous purchases. But while they may seem legitimate, many are not.
Originally published on Mon February 3, 2014 12:12 pm
If you are buying health coverage in the Colorado ski resort towns, the Connecticut suburbs of New York City or a bunch of otherwise low-cost rural regions of Georgia, Mississippi and Nevada, you have the misfortune of living in the most expensive insurance marketplaces under the new health law.
This is TELL ME MORE from NPR News. I'm Michel Martin. We'd like to start the week talking about a subject that might be on your mind as you start preparing your taxes and you're pull out those bank statements. We want to talk about planning for retirement. Almost half of households in this country don't have enough savings to cover their retirement or even unexpected emergencies, that according to a new report from a group called the Corporation for Enterprise Development.
NPR's business news starts with a Cleveland hub closure.
(SOUNDBITE OF MUSIC)
INSKEEP: United Airlines announced plans over the weekend to drop Cleveland Hopkins International Airport as one of its main hubs for connecting flights. Company officials say the hub has not turned a profit in more than a decade and loses tens of millions of dollars annually. How is that possible? It's one of the few airports I can remember where you can get a boilermaker.