Business

Business
5:19 am
Wed February 5, 2014

Some Journalists Complain About Sochi's Hotels

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.

Business
4:15 am
Wed February 5, 2014

Microsoft Picks Insider, Who's An Indian Immigrant, As CEO

Originally published on Wed February 5, 2014 11:08 am

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.

Europe
4:11 am
Wed February 5, 2014

Greek Parliament To Review Future Arms Deals

Originally published on Wed February 5, 2014 5:19 am

Transcript

RENEE MONTAGNE, HOST:

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.

Joanna Kakissis reports from Athens.

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All Tech Considered
7:56 pm
Tue February 4, 2014

Lawmakers Look To Prevent More Target-Sized Data Breaches

Sen. Patrick Leahy chats with Sen. Mazie Hirono before hearing from retail company executives on Tuesday.
Win McNamee Getty Images

Originally published on Wed February 5, 2014 10:40 am

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."

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The Two-Way
4:10 pm
Tue February 4, 2014

The View From Down There: FDA Approves Pill Cam For Colon Exams

Outfitted with two color cameras that run on batteries, the PillCam Colon capsule is being billed as a less invasive and less expensive option to a colonoscopy.
Given Imaging

Originally published on Wed February 5, 2014 7:43 am

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The Two-Way
3:30 pm
Tue February 4, 2014

Obama Secures Funding To Help Connect Students To Internet

President Obama records students on a classroom iPad while visiting a seventh grade classroom before speaking about goals of connecting students to next generation broadband and wireless technology within five years on Tuesday, at Buck Lodge Middle School in Adelphi, Md.
Jacquelyn Martin AP

President Obama on Tuesday announced that technology companies had pledged $750 million in equipment and services that would help connect students to the Internet.

USA Today reports:

"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.

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Law
3:26 pm
Tue February 4, 2014

Senate Steps Into The Data Breach Controversy

Originally published on Tue February 4, 2014 6:00 pm

Transcript

AUDIE CORNISH, HOST:

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.

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Business
3:26 pm
Tue February 4, 2014

It's Three's Company Now: Microsoft Names New CEO

Originally published on Tue February 4, 2014 6:00 pm

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.

Around the Nation
3:26 pm
Tue February 4, 2014

Case Sheds Light On The Murky World Of Asbestos Litigation

Companies have set aside more than $30 billion for victims of mesothelioma, a form of cancer linked to asbestos exposure, since 1980.
iStockphoto

Originally published on Tue February 4, 2014 6:00 pm

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.

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The Two-Way
1:47 pm
Tue February 4, 2014

Congress Sends 5-Year Farm Bill To White House

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 provisions in the Federal Agriculture Reform and Risk Management Act of 2013 bear signs of compromise between Republicans and Democrats, on issues ranging from food aid programs to budget cuts.

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Shots - Health News
1:30 pm
Tue February 4, 2014

Drugmakers And NIH Band Together To Speed Up Research

Dr. Francis Collins, director of the National Institutes of Health.
NIH

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.

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Business
11:55 am
Tue February 4, 2014

Microsoft Announces Nadella As CEO, New Role For Gates

Originally published on Thu February 6, 2014 6:31 am

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.

Money Coach
9:56 am
Tue February 4, 2014

MyRA and IRA: Understanding Options For Your Retirement Savings

Originally published on Tue February 4, 2014 12:21 pm

Transcript

MICHEL MARTIN, HOST:

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.

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The Two-Way
7:45 am
Tue February 4, 2014

Microsoft Picks Insider Nadella As CEO; Gates Takes New Role

Satya Nadella, Microsoft's next CEO.
Stephen Brashear AP

Microsoft confirmed Tuesday that Satya Nadella, who has risen through the tech company's ranks since he joined it in 1992, is its new CEO.

Nadella has most recently been executive vice president of Microsoft's "cloud and enterprise" group.

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All Tech Considered
7:31 am
Tue February 4, 2014

8 Things Worth Knowing About Microsoft's New CEO, Satya Nadella

Satya Nadella, the Indian-born, Wisconsin-educated Microsoft veteran, is now its big boss.
LeWeb13 Flickr

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.

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Business
2:59 am
Tue February 4, 2014

'Harsh Winter' Hurts Auto Sales

Originally published on Thu February 6, 2014 6:12 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with an icy slide for automakers.

(SOUNDBITE OF MUSIC)

MONTAGNE: January sales were down for some of the largest car companies. General Motors, Ford and Toyota reported yesterday a sharp decline in last month's sales compared to the previous year.

Automakers cite a harsh winter with record snowfalls and rock-bottom temperatures, saying it kept many from visiting their dealership. Transcript provided by NPR, Copyright NPR.

Business
2:59 am
Tue February 4, 2014

Google Told To Move Mysterious Barge

Originally published on Thu February 6, 2014 6:12 am

Transcript

STEVE INSKEEP, HOST:

And our last word in business is a Google eviction.

It's an update on a story we reported on recently. A mysterious barge docked at an island in the San Francisco Bay. The barge is owned by Google.

RENEE MONTAGNE, HOST:

Construction on the barge over the past several months has drawn the curious to speculate, was it a party barge?

INSKEEP: Or a luxury showroom barge.

MONTAGNE: Maybe a data center barge.

INSKEEP: Or even a wave-generated electrical generator barge.

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Business
2:59 am
Tue February 4, 2014

VW Chattanooga Plant To Vote On UAW Membership

Originally published on Thu February 6, 2014 6:12 am

Transcript

STEVE INSKEEP, HOST:

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.

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The Edge
1:44 am
Tue February 4, 2014

Skater Sonja Henie 'Put A Dollar Sign' Behind The Gold

Skater Sonja Henie (right) presents Shirley Temple with a pair of skates.
Anonymous AP

Originally published on Thu February 6, 2014 6:12 am

When you see those graceful figure skaters perform at the Winter Games in Sochi — with their athleticism and their big-money endorsement deals — for better or worse, Sonja Henie paved the way.

Henie was the world's first great figure skater. A huge star in the 1930s and '40s, she was also divisive and controversial.

She grew up in Norway and was a dominant presence on the ice for decades, her grace and lyricism captured in newsreels and later in 11 Hollywood films.

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All Tech Considered
1:43 am
Tue February 4, 2014

Facebook At 10: Amid Doubters, Company Eyes Next Growth Phase

Facebook co-founder and CEO Mark Zuckerberg told James Bennet, editor in chief of The Atlantic, in September that he wasn't worried about whether Facebook is "cool." "We're almost 10 years old, and we're definitely not a niche thing at this point," Zuckerberg said.
Win McNamee Getty Images

Originally published on Thu February 6, 2014 6:12 am

Ten years ago, when Mark Zuckerberg launched Facebook at Harvard, Noah Buyon was only nine years old.

Facebook started out as a site exclusively for college students, so it took Buyon a few years to find out about it. But when his older brothers got accounts, he wanted one too.

"It became kind of the cool thing to have," Buyon says. "I couldn't hold out any more — and I got it, and I've been saddled with it ever since."

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The Salt
1:40 am
Tue February 4, 2014

How American Food Companies Go GMO-Free In A GMO World

Allen Williams grows corn and soybeans for Clarkson Grain, which has been selling GMO-free grain to Japan for years.
Dan Charles/NPR

Originally published on Thu February 6, 2014 6:12 am

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."

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The Salt
3:43 pm
Mon February 3, 2014

All Hail The Asparagus Queen! How Ag Pageants Lure New Contestants

The 2011 Asparagus Queen, Megan Roskan, and runner-up Christine Merten wave to spectators during an Independence Day parade in Whitehall, Mich. With interests waning in agricultural pageants, organizers are relaxing the requirements to encourage more people to apply.
Courtesy of Phil Squattrito

Originally published on Mon February 3, 2014 5:33 pm

Forget Miss USA and Miss Universe.

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.

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The Two-Way
3:42 pm
Mon February 3, 2014

Stocks Head Lower; Investors Wonder What's Next

Traders work on the floor of the New York Stock Exchange at the end of the trading day on Monday in New York City.
Spencer Platt Getty Images

Originally published on Mon February 3, 2014 4:44 pm

If your New Year's resolution was, "I am going to prepare for retirement by moving my savings into stocks," then you must be very sad now.

Broncos-fan-level sad.

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.

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The Two-Way
2:15 pm
Mon February 3, 2014

'Time Is Short' On Debt Ceiling, Treasury Secretary Says

Treasury Secretary Jacob Lew on Monday.
Saul Loeb AFP/Getty Images

Originally published on Mon February 3, 2014 5:33 pm

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.

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Business
2:15 pm
Mon February 3, 2014

Lots Of Little Credit Charges Add Up To One Big Scam

Many consumers don't check their credit card bills carefully — which makes it easy to miss fraudulent charges.
iStockphoto

Originally published on Mon February 3, 2014 9:29 pm

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.

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The Two-Way
9:25 am
Mon February 3, 2014

Yellen Becomes Fed Chair, And Bernanke Heads To Think Tank

Janet Yellen smiles Monday before being sworn in as Federal Reserve Board chair at the Federal Reserve in Washington, D.C.
Charles Dharapak AP

Just as Janet L. Yellen was sworn in as the first woman to head the Federal Reserve, Ben Bernanke announced his next move on Monday.

The former fed chief, who saw the country through a recovery from the worst financial crisis since the Great Depression, will join Brookings' Hutchins Center on Fiscal and Monetary Policy.

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Shots - Health News
9:18 am
Mon February 3, 2014

10 Places Where Health Insurance Costs The Most

Health insurance premiums in Aspen, Colo., are among the highest in the country.
Andrew Wilz AP

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.

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Your Money
8:54 am
Mon February 3, 2014

MyRA: Understanding President Obama's Retirement Savings Plan

Originally published on Mon February 3, 2014 12:23 pm

Transcript

MICHEL MARTIN, HOST:

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.

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The Two-Way
5:05 am
Mon February 3, 2014

Budweiser's 'Puppy Love' Ad Wins Super Bowl Viewers' Hearts

Puppy + Clydesdale = awww.
Anheuser-Busch.com

Originally published on Mon February 3, 2014 12:29 pm

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Business
3:01 am
Mon February 3, 2014

United Airlines To Close Cleveland Hub

Originally published on Mon February 3, 2014 5:43 am

Transcript

STEVE INSKEEP, HOST:

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.

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