Business

The Two-Way
4:09 pm
Fri November 8, 2013

'The Onion' To Halt Decades-Long Assault On Trees

The Onion announced that it will cease producing print editions of the satirical news source, in favor of its digital efforts. Here, an Onion story from July that declared the death of print.
The Onion

Originally published on Fri November 8, 2013 5:51 pm

There comes a time, it seems, when even parodies must face reality. And for The Onion, that time will come in December, when the satirical news source will stop publishing print editions and shift to being all-digital.

That's the news from Milwaukee Public Radio, which calls today "a sad day for the sarcastic among us."

Read more
Media
3:18 pm
Fri November 8, 2013

In Reversal, CBS Retracts Account From '60 Minutes' Benghazi Source

Originally published on Fri November 8, 2013 6:08 pm

Transcript

AUDIE CORNISH, HOST:

CBS News has retracted a key segment of a "60 Minutes" report that aired in late October. The story chronicled the deadly attack on the U.S. mission in Benghazi, Libya. As NPR's media correspondent David Folkenflik reports, CBS had defended its stories - its story for days. This was despite growing doubts about the credibility of a source, a British security contractor.

Read more
Economy
3:18 pm
Fri November 8, 2013

October Added More Jobs Than Expected, But Are They Good Jobs?

Originally published on Fri November 8, 2013 6:08 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News this is ALL THINGS CONSIDERED. I'm Melissa Block in Washington.

AUDIE CORNISH, HOST:

And I'm Audie Cornish at NPR West in Culver City, California. This morning many economists were bracing for disappointing numbers from the Labor Department. But in fact, October hiring beat the estimates. Businesses seemed to shrug off last month's government shutdown, although the unemployment rate did tick up slightly to 7.3 percent. NPR's Yuki Noguchi explains.

Read more
The Two-Way
2:58 pm
Fri November 8, 2013

Hedge Fund SAC Will Pay More Than $1 Billion For Insider Trading

Preet Bharara, United States Attorney for the Southern District of New York speaks at a news conference July 25, 2013 about a federal indictment against SAC Capital.
Timothy Clary AFP/Getty Images

Originally published on Fri November 8, 2013 4:54 pm

SAC Capital Advisors has pleaded guilty to wire and securities fraud, agreeing to pay at least $1.2 billion, the largest-ever penalty for insider trading.

The Stamford, Conn.-based hedge fund entered the plea four days after the government announced it had reached a deal with the firm, which is owned by billionaire investor Steven A. Cohen.

Read more
All Tech Considered
1:11 pm
Fri November 8, 2013

Tech Week: Twitter Takes Off, Audie Cornish In Silicon Valley

Will It Fly? The Twitter logo decorated a post on the floor of the New York Stock Exchange on Wednesday.
Richard Drew AP

It's time for our Friday round-up of the tech and culture stories from NPR and beyond. Here we go ...

ICYMI

Read more
Business
11:06 am
Fri November 8, 2013

What Really Got Measured In This Month's Jobs Report?

Graphic designer Tom Sadowski, 65, works from home in Sterling, Va., in October. Many experts believe the economy is becoming too complicated for the Bureau of Labor Statistics to measure accurately using current methods.
Manuel Balce Ceneta AP

Originally published on Fri November 8, 2013 12:58 pm

In October, private employers did a lot of hiring, but a government shutdown forced hundreds of thousands of workers to stay home.

Those federal furloughs offset 204,000 jobs created last month — enough to push the unemployment rate one tick higher to 7.3 percent, the Labor Department said on Friday.

Or maybe the end of that sentence should read: the Labor Department guessed on Friday.

Read more
All Tech Considered
7:02 am
Fri November 8, 2013

Lost Luggage? Airlines Have Got A Brand New (Electronic) Tag

Lost luggage can be one of the inconveniences of travel.
iStockphoto.com

Originally published on Mon November 11, 2013 2:29 pm

With holiday travel right around the corner, many Americans will have to decide whether to carry on or to check their baggage. Each decision comes with its own hassles.

By 2014, airlines are hoping to make you sweat less when you decide to check your bags. They will introduce an electronic tag system that allows you to track your suitcase's exact location on your smartphone during your travels.

Read more
The Two-Way
6:39 am
Fri November 8, 2013

More Jobs Than Expected Added, But Jobless Rate Rose In Oct.

Joe Raedle Getty Images

Originally published on Fri November 8, 2013 8:12 am

  • On 'Morning Edition': NPR's John Ydstie previews the October jobs report

There were 204,000 jobs added to payrolls in October, about 80,000 more than economists expected. But the jobless rate edged up to 7.3 percent from 7.2 percent the month before, the Bureau of Labor Statistics reported Friday.

Read more
Business
3:14 am
Fri November 8, 2013

Neflix To Stream Original Series Based On Marvel Characters

Originally published on Fri November 8, 2013 8:17 am

Transcript

RENEE MONTAGNE, HOST:

It was a wham, boom, pow kind of an announcement from Netflix. They're making four original series based on Marvel Comics.

NPR's Neda Ulaby reports on why Netflix is leaping into the business of capes, masks and superpowers.

NEDA ULABY, BYLINE: Netflix has gotten a reputation for decidedly grown-up original series, "Orange Is The New Black," "House of Cards" and the revival of "Arrested Development."

(SOUNDBITE OF TV SHOW, "ARRESTED DEVELOPMENT")

Read more
Business
3:11 am
Fri November 8, 2013

Twitter's Value Soars To Nearly $25 Billion

Originally published on Fri November 8, 2013 8:17 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Twitter's IPO.

(SOUNDBITE OF MUSIC)

MONTAGNE: As we all know, Twitter began trading on the New York Stock Exchange yesterday and that little blue bird soared. By the closing bell, Twitter was worth nearly $25 billion.

DAVID GREENE, HOST:

But this initial public offering really began in the middle of the week with Twitter selling stock at $26 a share to big investors. It went public Thursday and the price almost doubled.

NPR's Steve Henn reports.

Read more
Economy
2:47 am
Fri November 8, 2013

Unemployment Rate Rises To 7.3 Percent

Originally published on Fri November 8, 2013 8:17 am

Employers added 204,000 jobs to payrolls in October. The jobless rate edged up a bit, but that was likely a temporary phenomenon caused by the partial shutdown of the federal government. For more, Renee Montagne talks with NPR's John Ydstie.

Business
2:47 am
Fri November 8, 2013

Job Applicants Find Position Titles Confusing

Originally published on Fri November 8, 2013 8:17 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: Jobbledygook.

One of the many challenges in finding the right job these days, turns out can be just figuring out what recruiters are actually offering.

RENEE MONTAGNE, HOST:

The website MyJobMatcher compiled the list of the most ridiculous job titles after a number of applicants complained that they didn't understand what the positions entailed.

GREENE: And who can blame people for being confused? A paper boy is now a, quote, "media distribution officer."

Read more
Asia
2:47 am
Fri November 8, 2013

China's Challenge: How To Keep Economic Boom Alive

Office workers walk past China Dream propaganda boards, showing messages pushed by current Chinese President Xi Jinping's administration, on display near a construction site in Beijing on Oct. 8. The country's leaders are meeting this weekend to chart China's economic course.
Andy Wong AP

Originally published on Fri November 8, 2013 5:44 pm

How do you keep the world's longest economic win streak alive?

That's the question China's leaders face at a meeting that opens Saturday in Beijing. The meeting, known as the Third Plenary Session of the 18th Communist Party of China Central Committee, is the most important of its kind in years, and for the planet's second-largest economy, a lot hangs in the balance.

In decades past, meetings like this have been game changers. Consider the one in 1978, when Deng Xiaoping officially shut the door on the chaotic Mao era.

Read more
Shots - Health News
1:06 am
Fri November 8, 2013

Persistence Pays Off For Uninsured Alaskan

Hairdresser Lara Imler used to be an accountant. She doesn't miss her old job, except for the insurance.
Annie Feidt

Originally published on Fri November 8, 2013 8:17 am

Despite all the problems with HealthCare.gov, a few dozen Alaskans have managed to enroll in a health plan through the marketplace. Lara Imler is one of them.

Imler, a 37-year-old hair stylist in Anchorage, ditched her office job as an accountant in 2004. She says she loves making people feel better about themselves and is a lot happier cutting hair than she was sitting in front of a computer. But she does miss one big thing about her old job: "I had health insurance, and it was wonderful."

Read more
All Tech Considered
3:17 pm
Thu November 7, 2013

Nick Bilton On Twitter's Creation Myth & 'Forgotten Founder'

A worker unveils a floor mat bearing the logo of Twitter on the floor of the New York Stock Exchange.
Andrew Burton Getty Images

Originally published on Fri November 8, 2013 8:21 am

On arguably the biggest day in Twitter's history, we wanted to look back to find out just how it all started, because like many Silicon Valley companies, its origin story is fraught.

That's the subject of Nick Bilton's new book, Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal. On Thursday, he chatted with All Things Considered host Audie Cornish about the 140-character service's complicated history, how Twitter made his book reporting easier and the forgotten founder of Thursday's stock darling.

Read more
All Tech Considered
2:45 pm
Thu November 7, 2013

On Twitter's IPO Day, A Look At How 5 Tech Stocks Have Fared

Rick Wilking Reuters/Landov

Originally published on Thu November 7, 2013 4:09 pm

As eyes turned to the markets on Twitter's first day of trading, NPR wondered how some other tech stocks have performed since their IPOs. (Twitter closed at $44.90 Thursday, about 73 percent above its IPO price of $26 a share.)

Some of these stocks have soared. Others have stumbled.

Planet Money
2:32 pm
Thu November 7, 2013

What Happened To Those TV Ads For Payday Loans?

Western Sky

Originally published on Thu November 7, 2013 4:51 pm

Read more
The Two-Way
11:04 am
Thu November 7, 2013

Super Mario Cut Interest Rates Today And That's Huge News

Mario Draghi, president of the European Central Bank. Some say he's super.
Daniel Reinhardt DPA/LANDOV

Twitter's IPO is Thursday's sexy business story.

But the really big business news is that "the European Central Bank startled investors Thursday with a surprise cut in its benchmark interest rate." As The Associated Press adds, "The bank lowered the benchmark refinancing rate to a record low 0.25 percent from 0.5 percent."

Read more
The Two-Way
8:23 am
Thu November 7, 2013

Lululemon Founder: Our Pants Won't Work For Some Women

Some of the clothes at a Lululemon store in Pasadena, Calif., earlier this year.
Kevork Djansezian Getty Images

Originally published on Thu November 7, 2013 9:04 am

Eight months after the company he founded had a big public relations problem because too much of some women's backsides could be seen through its yoga pants, Lululemon founder Chip Wilson has put the story back in the news.

"Quite frankly, some women's bodies just actually don't work" in Lululemon's pants, Wilson said this week on Bloomberg Television's Street Smart.

"It's about the rubbing through the thighs," he added, and "how much pressure is there."

Read more
Business
8:10 am
Thu November 7, 2013

Twitter Makes Market Debut

The New York Stock Exchange is at the center of attention Thursday morning as Twitter goes public at $26 per share. That means company is expected to raise almost $2 billion. For the latest on this highly anticipated IPO, NPR's Zoe Chace talks with host David Greene.

The Two-Way
6:41 am
Thu November 7, 2013

At First Glance, Economy Grew More Than Expected In 3Q

Looking for work: The scene at a job fair in Emeryville, Calif., last month.
Justin Sullivan Getty Images

Originally published on Thu November 7, 2013 8:37 am

This post was updated at 8:40 a.m. ET

The U.S. economy grew at a better-than-expected 2.8 percent annual rate in the third quarter, the Bureau of Economic Analysis reported Thursday morning.

That's a bit faster than the 2.5 percent pace of the second quarter. According to the BEA, consumer spending, inventory investment and exports helped fuel slightly stronger growth.

Read more
The Two-Way
4:56 am
Thu November 7, 2013

Twitter Pops To $44.90 A Share In Debut On Wall Street

Will it fly? The Twitter bird logo was decorating a post on the floor of the New York Stock Exchange Wednesday.
Richard Drew AP

Originally published on Thu November 7, 2013 4:43 pm

6 p.m. ET: Twitter Shares Close At $44.90

At the end of its first day of public trading, shares of Twitter were valued at $44.90, reflecting a market value of more than $31 billion. The company sold 70 million shares of stock, raising $1.82 billion in the process.

Earlier Thursday, the company's shares soared from their initial public offering price of $26.

2:35 p.m. ET:

As you can see if you click on the player below, Twitter's stock has been trading around $47 a share in recent minutes.

Read more
Business
2:54 am
Thu November 7, 2013

Twitter Sets IPO Price

Originally published on Thu November 7, 2013 3:57 am

Twitter goes public at $26 per share on Thursday. That's up from an earlier planned offering in the $17 to $20 range — and it may signal increased demand from institutional investors like hedge funds. Twitter is valued at just over $18 billion even though it has never turned a profit.

Research News
2:54 am
Thu November 7, 2013

Why Do People Agree To Work In Boring Jobs?

Originally published on Thu November 7, 2013 4:15 am

In the essay "The Myth of Sisyphus," philosopher Albert Camus — who would have turned 100 on Thursday — explored the nature of boring work. There's new psychological research into why people end up in boring jobs.

Business
2:54 am
Thu November 7, 2013

Movie Rating System Measures Gender Bias

Originally published on Thu November 7, 2013 4:54 am

Some Swedish movie theaters are introducing the system. The scale grades films based on a concept introduced by the feminist cartoonist Alison Bechdel. Whether a film passes or fails depends on whether any of its named female characters have conversations with one another about something other than men.

Business
2:43 am
Thu November 7, 2013

Most Remaining Blockbusters To Close In January

Originally published on Thu November 7, 2013 2:54 am

Blockbuster is going to shut all of its company-owned stores. Some franchise stores will stay open. At its peak, the video rental chain had about 9,000 stores.

Business
12:58 am
Thu November 7, 2013

No Room For Erasers, As Technology Deletes Pen Businesses

In the 1800s, fountain pens were the height of writing technology, allowing writers to pen words continuously without stopping for an ink dip.
iStockphoto.com

Originally published on Thu November 7, 2013 11:09 am

We tweet. We text. We email. But how often do we really write anymore? Not much, if you look at the business of selling pens — or "fine writing instruments," as shop owners call them. With their writing tools becoming obsolete, pen stores have folded, including a century-old shop in New York.

But despite the tech-heavy trends, a few old-fashioned pen stores are still holding on.

Wood Shelves, Ink Bottles, And Sinatra

Read more
The Two-Way
4:02 pm
Wed November 6, 2013

Judge: MF Global Customers To Recover All Their Losses

Jon Corzine, former New Jersey governor and ex-CEO of MF Global, leaves a congressional hearing in 2011.
Alex Wong Getty Images

Originally published on Wed November 6, 2013 4:35 pm

One thread runs through nearly every story of financial fraud, from Enron to Madoff: Investors bilked out of their money rarely get it back.

So, this lead from The New York Times Dealbook blog caught our attention:

Read more
Around the Nation
3:01 pm
Wed November 6, 2013

Despite Barriers, Farm Worker Breaks Silence About Rape Case

Guadalupe Chavez moved to a trailer home in Oregon after her sexual assault case went to trial in California.
Grace Rubenstein Center for Investigative Reporting

Originally published on Wed November 6, 2013 4:21 pm

This is the second story in a two-part report about sexual assault of agricultural workers in the U.S. Read part one.

It started with a missing paycheck.

Read more
Intelligence Squared U.S.
9:58 am
Wed November 6, 2013

Should Anyone Be Able To Take A Job Anywhere?

Kathleen Newland and Ron Unz argued against the motion "Let Anyone Take A Job Anywhere" in an Intelligence Squared U.S. debate on Oct. 30.
Samuel LaHoz Intelligence Squared U.S.

Originally published on Wed November 6, 2013 1:22 pm

  • Listen To The Full Audio Of The Debate
  • Listen To The Broadcast Version Of The Debate

In a global economy, does it make sense to allow workers to move freely?

Letting people go where the jobs are would improve the lives of millions around the world, some argue. But others say an influx of labor into the richest countries would devalue workers' worth and actually hurt more in the long run.

A group of experts recently took on this question in an Oxford-style debate for Intelligence Squared U.S. They faced off two against two on the motion "Let Anyone Take A Job Anywhere."

Read more

Pages