In a $16 billion deal this week, Japanese beverage giant Suntory announced it plans to purchase Beam Inc., the maker of Jim Beam bourbon and the owner of other popular bourbon brands like Maker's Mark.
Those and most other bourbons are made in Kentucky, and the deal has some hoping the drink's growth in the global market won't come at the expense of its uniquely Kentucky heritage.
Originally published on Tue February 25, 2014 5:01 pm
Reports of white smoke from a battery compartment have temporarily grounded a Boeing 787 in Japan, nearly a year after all the new airliners were grounded owing to a problem with batteries overheating. Today's incident happened on an airliner at Tokyo's Narita Airport that had no passengers aboard.
It was during a preflight checkout that a mechanic saw smoke emerging from the underside of a Japan Airlines 787, according to Japan's NHK TV News
Originally published on Wed January 15, 2014 3:09 pm
In a landmark ruling Tuesday, a federal appeals court has struck down key parts of the Federal Communications Commission's open-Internet rules, effectively ruling that the federal government cannot enforce net neutrality. Put more simply, it can't require that Internet service providers treat all traffic equally.
In a 2-1 decision, the U.S. Court of Appeals for the District of Columbia said the agency's rules had no basis in federal law. A key passage:
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, last week we talked with a former teacher who said that teachers of color are more likely to quit than others. And she offered some thoughts about why that is. This week, we get a different perspective from another teacher, also of color, who has 13 years in and is still going strong. And we'll hear from her in a few minutes.
New York's health insurance marketplace is working, but some consumers are still having problems with insurers. Empire Blue Cross Blue Shield is the state's largest insurer and the target of a lot of consumer complaints.
Ah, the North American International Auto Show begins this week begins this week in Detroit. At least 50 new car models will make their debuts. Ford Motors is unveiling its highly anticipated makeover of the F-150 with a body made in part of aluminum - an aluminum truck.
Recent advances have made aluminum, which is lighter than steel, of course, viable on a large scale for manufacturing.
One of our favorite correspondents, NPR's Sonari Glinton, reports on what that means for the car industry.
On Monday, Google announced it had purchased Nest Labs for $3.2 billion. Nest is focused on the "automated home" concept, making smoke detectors and thermostats that connect to the Internet. Google's purchase signals a strong interest in this arena.
Boeing just extended its contract in Washington, keeping more than 10,000 jobs in state, partly by adjusting employees' pension plans. Last week, we heard on this program how these kinds of deals can cripple the middle class as corporations shift benefit costs from their books into the pockets their workers.
Today, Jacob Kirkegaard of the Peterson Institute for International Economics offers a counterpoint to David Greene, beginning with a breakdown of what that means for workers.
The recent disclosure that a large trove of customer information was stolen from Target, and now also from Neiman Marcus, points to growing vulnerabilities in cybersecurity. And experts say the problem is becoming more difficult to combat.
The North American International Auto show begins this week in Detroit, a preview of the most important car technology on the horizon. One of the stars of the show this year is the Ford F-150, a truck that's been the best-selling vehicle in the U.S. for decades. And it's by far Ford's most important model.
On Monday, the company unveiled a radically new more fuel-efficient redesign of the F-150 — featuring a lighter-weight aluminum body.
Originally published on Tue January 14, 2014 7:07 am
Editor's Note: If you can't tell from your own Facebook or Twitter feeds, many young couples these days are sharing news of their growing families by making pregnancy announcements via social media. So our social media team's Melody Kramer decided, if you can't beat 'em, improve 'em! Here's her humorous take on how to really think through the social media strategy of the baby to be, er, "product" you're about to "launch."
Originally published on Mon January 13, 2014 3:08 pm
For many users and advocates of marijuana, the boom in the West Coast growing industry may be all good and groovy. But in California, critics say the recent explosion of the marijuana industry along the state's North Coast — a region called the "emerald triangle" — could put a permanent buzz kill on struggling salmon populations.
NPR's business news starts with a little German engineering.
(SOUNDBITE OF MUSIC)
INSKEEP: Volkswagen has announced plans to invest $7 billion in its North American operations. It's part of an effort to boost sales in the United States, which slid 7 percent last year. A new seven-seat SUV designed specifically for the American market is a central part of the new investment plan.
It is believed the new vocal will be built at VW's plant in Chattanooga, Tennessee. Transcript provided by NPR, Copyright NPR.
President Obama is expected to announce Friday how he wants to reform surveillance programs run by the National Security Agency. Those previously secret programs were exposed by former NSA contractor Edward Snowden. American technology companies are among those pushing hardest for change. Having been caught up in the surveillance controversy, they are braced for battle. NPR's Tom Gjelten dubs that battle the NSA versus the techs.
Financial writer Tim Harford, author of the new book The Undercover Economist Strikes Back, says the poverty line for a single American in 2012 was $30.52 per day. But Harford, talking with NPR's David Greene, says it's also about how people view themselves and how they're viewed by other people.
This is WEEKEND EDITION from NPR News. I'm Rachel Martin. If you use a credit card - and most of us do - it's hard not to be a little concerned. Discount retailer Target continues to apologize for a massive security breach over the holidays. And just yesterday, the high-end retailer Neiman Marcus disclosed that shoppers at its stores have been compromised as well. Independent investigative reporter Brian Krebs was the first to report on both these security breaches. He joins us to talk more. Welcome to the program, Brian.
As the White House continues dealing with well-publicized problems with the HealthCare.gov website, there's at least one big question related to the Affordable Care Act that's outside the president's control: Can employers with religious objections be compelled to provide access to contraception coverage for their workers?
Supreme Court Justice Sonia Sotomayor has granted a temporary injunction while she considers a challenge to the contraception requirement by a group of nuns called the Little Sisters of the Poor. The Catholic organization serves the poor elderly.