Business

Business news

Greece's finance minister has accused his nation's creditors of "terrorism" for trying to "instill fear in people" ahead of a referendum on whether to accept the harsh terms of an international bailout designed to keep Athens in the eurozone.

Yanis Varoufakis, in an interview with the Spanish daily El Mundo, said that there was too much at stake for his country to be kicked out of Europe's common currency — "as much for Greece as for Europe, I'm sure."

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Donald Trump is doubling down on his negative comments about Mexicans and illegal immigration. To recap, here's what he said last month when he announced his presidential run.

(SOUNDBITE OF ARCHIVED RECORDING)

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Aetna, one of the biggest health insurance companies in the U.S., has announced a $37 billion deal to buy its rival Humana. This is a merger that could impact Medicare patients around the country, as NPR's Hansi Lo Wang reports.

As they rapidly run out of cash, Greece's banks could hardly be in a more precarious position.

For months, as this crisis has intensified people have been slowly withdrawing their money. The banks have been able to do business only because of emergency loans from the European Central Bank.

But when Greece missed a payment to the International Monetary Fund this week, the ECB decided not to lend any more money.

#NPRreads is a weekly feature on Twitter and on The Two-Way. The premise is simple: Correspondents, editors and producers throughout our newsroom share pieces that have kept them reading. They share tidbits using the #NPRreads hashtag — and on Fridays, we highlight some of the best stories.

This week, we bring you five reads.

From Ina Jaffe, NPR's Los Angeles-based correspondent:

An Internet insurrection is taking place on reddit, where moderators have shut down many of the social sharing site's most popular sections in an apparent protest over the dismissal of Victoria Taylor.

In what could prove the largest-ever merger in the insurance industry, Aetna has announced a $37 billion deal to acquire rival Humana.

The agreement, announced by the Hartford, Conn.-based Aetna, "would bolster Aetna's presence in the state- and federally funded Medicaid program and Tricare coverage for military personnel and their families," according to The Associated Press.

Chocolate might be headed toward a crisis, depending on whom you ask.

That's at least what the 2015 Cocoa Barometer has to say. It's an overview of sustainability issues in the cocoa sector, written by various European and U.S. NGOs, and was released in the U.S. this week. And what they're really worried about is the people who grow the beans that are ground up to make our beloved treat.

Updated at 1:10 p.m. ET

Greece's prime minister has put his political clout behind the "no" camp in a referendum to decide whether the country should accept the terms of an international bailout. But the people appear to be evenly split on the issue, according to two new opinion polls.

One survey, conducted by the respected ALCO institute just 48 hours before the referendum that could decide Greece's economic fate and future in the eurozone, gives the "yes" camp 44.8 percent against 43.4 percent for the "no" side, according to Reuters.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

Good morning. I'm David Greene. There was a big scare this week that bubble wrap as we know it is dead. The Internet flipped out when Sealed Air Corp announced a new type of bubble wrap. It'll be cheaper to store and ship but much less satisfying.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

LINDA WERTHEIMER, HOST:

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

The smartphone has become a staple of life. But what about the personal assistant inside that phone? Not so much.

Maybe you turn to Apple's Siri or Google Now for a quick search or a snarky answer to a question. But imagine a world where your phone actually gets you. You, personally. Turns out two tech giants — Google and Apple — disagree on whether that's a worthy goal.

Introducing 'Now On Tap'

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

ROBERT SIEGEL, HOST:

As President Obama promised, a new rule would make 5 million more Americans eligible for overtime pay.

Many workers say it's a welcome change. But businesses say employees could see negative, unintended consequences.

Barrett Zenger has managed a music store in Corpus Christi, Texas, for the past seven years, where he oversees two dozen employees, stocks inventory and fills in for sales clerks who call in sick.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

ROBERT SIEGEL, HOST:

Now we're going to meet a young entrepreneur.

JOHN POTTER: My name is John Potter and I've been using Airbnb to rent out my tent in the backyard.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

ROBERT SIEGEL, HOST:

Maybe it seems like just yesterday that you were storing away your holiday decorations.

Maybe it actually was yesterday because life gets busy and tasks get put off, and before you know it, half the year is over and you're scrambling to catch up.

So in case you have been too busy to pay close attention, here's what we now know about the just-ended half of this year's economy:

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Rearranging veggie genes is big business, and we're not even talking about biotechnology. Private companies and university researchers spend hundreds of millions of dollars every year breeding better genetic varieties of food crops.

But organic farmers say those programs have a big blind spot when it comes to figuring out which new varieties are truly better. Few companies or researchers test those varieties under organic conditions.

This is what has unfolded in Greece in the past week:

June 26: Greek Prime Minister Alexis Tsipras announces a July 5 referendum on terms put forward by the strapped country's creditors and urges his people to vote "no."

BP on Thursday announced an $18.7 billion settlement with the U.S. government, five Gulf Coast states and more than 400 local governments. The agreement comes five years after the Deepwater Horizon rig explosion spewed millions of gallons of oil into the Gulf of Mexico.

Eleven workers were killed in the accident.

The company says the payments, to be made over the next 18 years, "settle all state and local claims arising from the event."

The U.S. economy keeps adding jobs at a steady pace, but the Labor Department report for June also shows more people are leaving the labor force and wages are not rising.

The economy added 223,000 jobs last month as unemployment fell to its lowest rate since 2008, the Labor Department said Thursday. The jobless rate dipped to 5.3 percent from 5.5 percent in May.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

American fashion is headlined by three big names with three very different styles.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

LINDA WERTHEIMER, HOST:

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

LINDA WERTHEIMER, HOST:

Pages