Business

Around the Nation
3:04 am
Tue December 31, 2013

Connecticut Plagued By Soaring Foreclosure Rate

Originally published on Tue December 31, 2013 5:44 am

Transcript

DAVID GREENE, HOST:

OK. We're seeing more signs of recovery in the housing market. Last month, foreclosure filings dropped to their lowest levels since the housing crisis hit in 2007. And overall home prices are up nationwide. But recovery is not the narrative everywhere. In some states like Connecticut, foreclosures in 2013 have been up significantly over the year before.

Reporter Kaomi Goetz of member station WSHU has the story.

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Business
3:04 am
Tue December 31, 2013

Commercial Drone Testing Sites Chosen By FAA

Originally published on Tue December 31, 2013 5:44 am

Transcript

RENEE MONTAGNE, HOST:

And if you start hearing a buzzing noise in your community in the next few months, here's a possible reason why. You live in one of the six states chosen yesterday for testing unmanned drone aircrafts. Among the states selected by the Federal Aviation Administration is New York.

Ryan Delaney of member station WRVO in upstate New York reports that the potential for job creation and investment was behind that state's decision to submit a bid.

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The Two-Way
3:58 pm
Mon December 30, 2013

The Other 'F Word': Brewer Responds To Starbucks Over Beer Name

After being told that one of his products infringed on a Starbucks trademark, brewpub owner Jeff Britton wrote the coffee company a check.
Exit 6 Brewery

Originally published on Mon December 30, 2013 5:51 pm

In general, getting a cease-and-desist letter from a big corporation isn't the mark of a good day. But after a brewery owner got a letter from a law firm representing Starbucks, he saw a chance to draw distinctions between the businesses — and to be funny.

The coffee company's bone of contention, Missouri brewer Jeff Britton was told in a Dec. 9 letter, was the use of the name "Frappicino" to describe a stout served at Exit 6 Brewery, a brewpub in a tidy strip mall in Cottleville, northwest of St. Louis.

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All Tech Considered
3:09 pm
Mon December 30, 2013

$0 Profits Couldn't Hold Back This Year's Tech Darlings

Twitter made its debut on the New York Stock Exchange in November. Both the social media giant and the relative newcomer Snapchat are valued in the billions, but neither company has yet turned a profit.
Emmanuel Dunand AFP/Getty Images

Originally published on Mon December 30, 2013 4:30 pm

Zero. That's the total amount of revenue created by Snapchat in 2013. It's the total profit collected by Twitter. And it's roughly how much Apple's stock price has increased between early last December and now.

Which makes you wonder: With all these zeros piling up, how are so many people in Silicon Valley making so much money from technology?

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Business
2:27 pm
Mon December 30, 2013

Looking Ahead At The Next Top Tech IPOs

Originally published on Mon December 30, 2013 2:38 pm

Every year, research firm CB Insights offers up a report on the fastest growing and most highly valued private companies in technology — basically, the ones most likely to go public. Audie Cornish speaks with Anand Sanwal, CB Insights' CEO, for a look at the top tech IPO's expected in 2014.

Business
2:27 pm
Mon December 30, 2013

Mexican Auto Industry Revs Up For Big Year

Originally published on Mon December 30, 2013 2:38 pm

Industry officials say they are on course to boost production to as many as 4 million autos annually. That's good news for Mexico but has many in the U.S. worried, especially as Audi gets ready to build a new luxury line plant in Mexico and not in the U.S.

All Tech Considered
1:17 pm
Mon December 30, 2013

5 New Year's Resolutions From Women To Watch

Maya Penn
Marla Aufmuth TED

New Year's resolutions: Sometimes we make them; usually we break them. The annual goals are intended to bring out the best in us — but what if you're already extremely accomplished?

These five women have worked hard to help others, through businesses, innovation and writing. Four of them were speakers at the TEDWomen conference earlier in December in San Francisco (Katrina Alcorn was an attendee).

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Business
4:02 am
Mon December 30, 2013

Japanese Vending Machines Sell Bras

Originally published on Mon December 30, 2013 5:42 am

In Japan, you can buy an incredible range of things from vending machines: bags of rice, fishing tackle or fresh flowers. And now you can add bras to that list — in particular the wireless "Fun Fun Week" bra.

Business
3:53 am
Mon December 30, 2013

French High Court Approves 75 Percent Tax For Top Earners

Originally published on Mon December 30, 2013 5:42 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a tax hike for la creme de la creme.

Yesterday, French President Francois Hollande's millionaires tax got the official go-ahead from the nation's Constitutional Council. Now all salaries over a million euros will be taxed at a rate of 75 percent.

Part of the tax hike will be shouldered by companies who are paying the higher salaries. Business leaders complain the new tax will only drive more entrepreneurs and wealthy into exile.

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Politics
2:52 am
Mon December 30, 2013

If The NAFTA Vote Were Held Today, How Would It Fare?

Originally published on Mon December 30, 2013 5:42 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. It's been 20 years since President Bill Clinton signed into law a trade pact that wiped out many of the commercial barriers between the U.S., Canada and Mexico. The North American Free Trade Agreement was controversial. Although Congress in the end approved NAFTA, it divided lawmakers, and on both sides of the aisle.

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NPR Story
2:52 am
Mon December 30, 2013

JPMorgan Chase Faces Regulatory issues

Originally published on Mon December 30, 2013 5:42 am

Morning Edition has been looking back at the year through numbers — and the number for today is $15 billion. That's the approximate amount JP Morgan Chase has agreed to pay out in various fines and settlements this year. The company is widely seen as a well-managed bank but it faces big regulatory problems and its legal bills are mounting.

Shots - Health News
1:22 am
Mon December 30, 2013

$1,000 Pill For Hepatitis C Spurs Debate Over Drug Prices

Originally published on Thu February 6, 2014 1:43 pm

Federal regulators this month opened a new era in the treatment of a deadly liver virus that infects three to five times more people than HIV. Now the question is: Who will get access to the new drug for hepatitis C, and when?

The drug Sovaldi will cost $1,000 per pill. A typical course of treatment will last 12 weeks and run $84,000, plus the cost of necessary companion drugs. Some patients may need treatment for twice as long.

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All Tech Considered
1:22 am
Mon December 30, 2013

Can Robots Manage Your Money Better Than You? Startups Say Yes

Several Silicon Valley entrepreneurs are developing services that manage consumers' investment portfolios with algorithms rather than people.
iStockphoto

Originally published on Mon December 30, 2013 9:14 am

Millions of people are turning their thoughts to self-improvement and New Year's resolutions this week. And one of the most common resolutions, after promises to lose weight or get in better shape, is to be better about money.

A handful of entrepreneurs in the Bay Area have taken note — and they believe the time has come for you to try a different way of managing your money.

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Around the Nation
9:12 am
Sun December 29, 2013

Target's Word May Not Be Enough To Keep Your Stolen PIN Safe

Customers say they will still use their cards at Target, despite the security breach. The company's stock has been down since the news of the hacking.
Joe Raedle Getty Images

Originally published on Mon December 30, 2013 5:53 am

The giant retailer Target continues to feel the fallout from a massive security breach at its stores. The latest revelation: Hackers who stole credit and debit card numbers this holiday season also collected encrypted personal identification numbers.

But Brigitte Clark had no worries as she left a Target in Los Angeles on Saturday morning, her cart full of groceries.

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Politics
6:28 am
Sun December 29, 2013

Family Leave Laws Enacted In 10 Cities And States In 2013

Originally published on Sun December 29, 2013 9:12 am

Transcript

JENNIFER LUDDEN, HOST:

This month, NPR's been looking at some of the numbers that bring 2013 into focus. Today, the number 10. That's how many cities and states have passed laws guaranteeing access to some kind of family leave this year, according to the National Partnership for Women and Families. That group's long championed such leave policies. And joining us now to talk about such trends is Vicki Shabo, the partnership's director of work and family programs. Welcome.

VICKI SHABO: Thank you, Jennifer. It's so great to be here.

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The Two-Way
6:26 pm
Fri December 27, 2013

Federal Jobless Benefits Set To End For More Than 1 Million

Senate Majority Leader Harry Reid (D-Nev.) talks to reporters at the Capitol in Washington, last Thursday. Reid has promised a vote no later than Jan. 7 on a measure to extend jobless benefits for three months.
J. Scott Applewhite AP

Federal jobless benefits going to 1.3 million Americans will officially expire on Saturday after Congress failed to extend them before leaving for the holiday.

NPR's Tamara Keith says it "means anyone who has been out of work and getting benefits for more than 6 months will see their weekly checks stop abruptly."

"Advocates point out that without congressional action another 73,000 people will lose benefits each week," she says.

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Energy
2:21 pm
Fri December 27, 2013

Will Renewables Suffer Because Of U.S. Oil And Gas Boom

Originally published on Fri December 27, 2013 5:15 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

And we begin this hour with a milestone of 2013, a remarkable feat with far-reaching implications both at home and abroad. According to the Energy Information Agency, the United States became the world's biggest producer of oil and natural gas. NPR's John Ydstie has more on the turnaround in America's energy fortunes.

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Business
2:21 pm
Fri December 27, 2013

Anemic Holiday Sales Growth, But Bump In Online, Mobile Buying

Originally published on Fri December 27, 2013 5:15 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. Retailers are wrapping up a lackluster holiday season. Overall, sales were tepid, but growth exploded online, on mobile devices and with the sale of gift cards. NPR's Sonari Glinton has that story.

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Business
2:01 pm
Fri December 27, 2013

On-The-Job Deaths Spiking As Oil Drilling Quickly Expands

Energy companies are adding workers, but fatal accidents are on the rise, too.
iStockphoto

Originally published on Fri December 27, 2013 5:15 pm

Blue-collar workers, hit hard by automation and factory offshoring, have been struggling to find high-paying jobs.

One industry does offer opportunity: As baby boomers retire and drilling increases, oil and gas companies are hiring. They added 23 percent more workers between 2009 and 2012.

But the hiring spree has come with a terrible price: Last year, 138 workers were killed on the job — an increase of more than 100 percent since 2009.

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The Two-Way
10:59 am
Fri December 27, 2013

Target: Encrypted Data Were Taken, But Not The Key To Unlock

The scene outside a Target store in Brooklyn on Black Friday, Nov. 29.
Eric Thayer Reuters /Landov

Though hackers did obtain "strongly encrypted PIN data" when they got into Target's information systems, the retailer said Friday that sensitive information from customers' debit cards should not be at risk.

Target posted this explanation:

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Economy
9:59 am
Fri December 27, 2013

2013 A Good Year For Housing And Auto Industries

Originally published on Fri December 27, 2013 10:33 am

Transcript

CELESTE HEADLEE, HOST:

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The Salt
8:57 am
Fri December 27, 2013

2013 Was The Year Bills To Criminalize Animal Cruelty Videos Failed

A Humane Society investigation of a Wyoming pig breeding facility to the introduction of an ag-gag bill in Wyoming, which eventually failed.
Courtesy of Humane Society of the U.S.

Originally published on Fri December 27, 2013 1:07 pm

The past year was a busy one for the animal welfare activists who've turned their hidden cameras on confinement facilities where huge numbers of food animals are raised.

Livestock producers — and the policymakers they influence — were just as busy trying to make it illegal for activists to enter these facilities undercover.

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Business
4:37 am
Fri December 27, 2013

McDonald's Shuts Down Employee Website

Originally published on Fri December 27, 2013 6:06 am

The restaurant chain pulled the plug on the website after what it said was "unwarranted scrutiny and inappropriate commentary."

Economy
3:29 am
Fri December 27, 2013

Long-Term Unemployment Benefits To Expire On Saturday

Originally published on Fri December 27, 2013 6:06 am

Transcript

DON GONYEA, HOST:

You're listening to MORNING EDITION, from NPR News. I'm Don Gonyea.

The holiday season will come to an abrupt end this weekend for people who have been unemployed for more than six months. Saturday, benefits expire for 1.3 million Americans who've been on the Federal Emergency Unemployment Benefit Program, which picks up where state systems usually end. That has people worried, people like Allison Gwyn(ph), a professional music teacher and actor in New York, who lost her job early in the summer.

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Business
3:29 am
Fri December 27, 2013

Holiday Shoppers Spent More This Year Than Last

Originally published on Fri December 27, 2013 6:06 am

Transcript

DON GONYEA, HOST:

NPR's business news starts with signs of an improving economy.

(SOUNDBITE OF MUSIC)

GONYEA: New data out today show that shoppers spent 2.3 percent more this holiday season than last year. This would make for the highest holiday sales growth in three years.

Online retail was especially strong. Transcript provided by NPR, Copyright NPR.

Politics
3:23 am
Fri December 27, 2013

Obama's Position On Free Trade Marks Subtle Evolution

Originally published on Fri December 27, 2013 6:06 am

Two decades after NAFTA created a giant North American free trade zone, the U.S. is negotiating more big trade deals that would span the Atlantic and Pacific oceans. President Obama has embraced the potential agreements as a way to improve the U.S. economy.

Business
3:18 am
Fri December 27, 2013

How Consumers Can Guard Against Credit Card Fraud

Originally published on Fri December 27, 2013 6:06 am

Transcript

DON GONYEA, HOST:

The recent data security breach at Target got us thinking about the plastic cards we use to pay for so many things. Just how safe are they really? And how can we protect ourselves from fraudulent charges?

To get some advice, our colleague, David Greene, called Chi Chi Wu of the National Consumer Law Center, which recently put out an advisory to consumers.

DAVID GREENE, HOST:

So every time we use a credit card or debit card when we're shopping are we opening ourselves up to some kind of risk?

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Economy
3:16 am
Fri December 27, 2013

Interest Rates Move Higher On Signs Of Improving Economy

Originally published on Fri December 27, 2013 6:06 am

Transcript

DON GONYEA, HOST:

Other signs of strength in the economy are sending interest rates higher. Yesterday, the yield on the 10-year Treasury note briefly rose above the psychologically important level of 3 percent.

NPR's Jim Zarroli has that story.

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Business
3:09 am
Fri December 27, 2013

Cars Are Next Frontier For Sharing Services

Kevin Petrovic, 19, and his business partner, who's also 19, raised about $6 million from venture capitalists in Silicon Valley to launch FlightCar. The company is trying to make its mark with car-sharing for travelers.
Chris Arnold NPR

Originally published on Fri December 27, 2013 7:57 am

Following the popularity of companies like Airbnb, which rent out a client's house or apartment to people visiting the area, more companies are trying the idea with cars. Companies like Uber help find someone to drive you around like a taxi. Another will let you rent out your car like a Zipcar while you're at work.

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Shots - Health News
1:25 am
Fri December 27, 2013

The Number 6 Says It All About The HealthCare.gov Rollout

iStockphoto

Originally published on Mon December 30, 2013 6:08 am

When it comes to health care, the rollout of the Affordable Care Act was supposed to be measured in the millions. That's how many people were expected to sign up for insurance to begin on Jan. 1.

But for both supporters and opponents of the law, there's one number that sticks out above all others. Six. That's how many people actually managed to enroll through the federal HealthCare.gov website the first day it opened, Oct. 1.

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