Among the many snacks you can find in the aisles of Trader Joe's is an icon of sweet and salty goodness: the peanut butter pretzel. It's a combination so tasty, famed food writer Ruth Reichl once raved, "You haven't lived until you've tried the two together."
But the beloved treats aren't just treasures for the palate — they're a pretty lucrative business worth millions of dollars. And now, Trader Joe's is being sued for allegedly cornering the market on the snack.
With a bit more than a month left for people to sign up for health insurance plans set up under the Affordable Care Act, the federal website known as HealthCare.gov finally seems to be working smoothly — in 36 states.
But what's happening in the 14 states that are running their own exchanges?
Lawmakers in Maryland are considering a bill that would block one of the firms seeking to bid on a multibillion-dollar light rail project from winning its bid unless its majority stockholder agrees to pay reparations to Holocaust victims.
The legislation, co-sponsored by Maryland Delegate Kirill Reznik, would block a consortium including Paris-based rail company Keolis from winning a public-private partnership for the state's Purple Line project, a 35-year contract worth more than $6 billion.
Malware is malicious, bad software. It's the code that cybercriminals use to steal credit card numbers and bank accounts. And the big hack against Target showed how good these criminals are getting: They've built a thriving underground where credit cards go on sale before anyone even knows that a massive breach has happened.
In 1984, it cost $10,000 a year to go to Duke University. Today, it's $60,000 a year. "It's staggering," says Duke freshman Max Duncan, "especially considering that's for four years."
But according to Jim Roberts, executive vice provost at Duke, that's actually a discount. "We're investing on average about $90,000 in the education of each student," he says. Roberts is not alone in making the claim. In fact, it's one most elite research institutions point to when asked about rising tuition.
For a political party already facing a difficult midterm election the way the Democrats are, the fewer internally divisive issues the better.
And few items were more divisive among Democrats than President Obama's previous proposal to reduce Social Security entitlement spending by using a less generous formula to calculate cost-of-living increases, so long as Republicans agreed to raise revenue by ending or reducing loopholes that would raise revenue.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel. Yesterday, Facebook bought a little startup for a lot of money, $19 billion in cash and stock. It's hard to fathom a price tag that big. Half the companies in the S&P 500 aren't worth that much. But a look at who exactly is using the application called WhatsApp may explain the value that Facebook sees in it. Here's more from Aarti Shahani of member station KQED in San Francisco.
Originally published on Mon February 24, 2014 12:37 pm
Animal welfare groups go to great lengths to show us how "the sausage" is made inside the factory-style farms that produce most of our meat. For the past few years, they've armed activists with video cameras and sent them undercover to document alleged abuses or risky practices.
The crew of a United Parcel Service Airbus A300 freighter that crashed during an early morning landing at Birmingham, Ala. were forced to make a "non-precision approach" when a computerized landing system became overloaded, investigators told the NTSB on Thursday.
The plane crashed short of Birmingham-Shuttlesworth International Airport in Birmingham, Ala., killing both the pilot and co-pilot.
Originally published on Thu February 20, 2014 12:44 pm
Three journalists working for Qatar-based network Al-Jazeera English who are on trial in Egypt for their alleged links to the Muslim Brotherhood have pleaded not guilty on Thursday. The trio were denied bail and their trial was adjourned until March 5.
Australian Peter Greste, Mohamed Fahmy and Baher Mohammed, wearing white prison outfits, appeared in metal cages, according to Reuters, which says several others identified as al-Jazeera journalists are being tried in absentia.
Originally published on Thu February 20, 2014 9:43 am
The company in charge of the Keystone XL extension said Thursday that it is considering its next move now that a Nebraska judge has struck down a law that allowed the pipeline to be routed through that state.
"We are disappointed and disagree with the decision of the Nebraska district court and will now analyze the judgment and decide what next steps may be taken," TransCanada Corp. said in a statement. "Nebraska's attorney general has filed an appeal."
Originally published on Thu February 20, 2014 8:37 am
There were only 3,000 fewer first-time claims filed for jobless benefits last week, but the slight decline is being seen as another sign that the nation's labor market will gain some strength once spring arrives.
The first nuclear reactors to be built in decades are getting a helping hand from the government. Today, Secretary of Energy Ernest Moniz is in Georgia to mark billions in assistance towards the construction of two new nuclear units in the state.
NPR's Geoff Brumfiel reports that building reactors is still an expensive proposition.
The Federal Communications Commission tried to craft rules aimed at preserving Open Internet. Then last month, a federal appeals court struck down those rules. The FCC announced yesterday that it would not appeal the ruling, instead it will try to come up with a new set of rules.
Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.
It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.
A case against the Swiss bank UBS in 2008 led Congress to create more regulations for foreign banks holding American money. Rather than comply, many banks opted to stop serving American account-holders.
Credit Fabrice Coffrini / AFP/Getty Images
The number of U.S. citizens renouncing their American citizenship spiked to 3,000 last year, up from about 500 in earlier years. While reasons vary from person to person, a U.S. tax law passed in 2010 has complicated life for many Americans living abroad.
Originally published on Wed February 19, 2014 5:01 pm
Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.
This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.
Originally published on Thu February 20, 2014 4:05 am
Energy Secretary Ernest Moniz announced a multibillion-dollar loan guarantee Wednesday for building nuclear reactors in Georgia, underscoring the White House's plan for an "all of the above" energy strategy.
The two reactors will be the first built in this country in nearly three decades.
Originally published on Thu February 20, 2014 9:58 am
"I'm worth 83.7 million dollars and bored out of my mind."
"My friend who is a banker just told me he's working on Dropbox's IPO...oooh."
"The drug use in Silicon Valley is outrageous. So are the inflated egos. It's like LA for smart, ugly people."
Declarations like these — some plaintive, some fueled by professional frustration and some just plain gossipy — tumble forth anonymously on the new app Secret, and because many of them seem to be coming from within the booming tech industry, the app has built early buzz.
Originally published on Wed February 19, 2014 2:21 pm
I have a new streaming music service in my life. Let's call him Beatsy. It's an open relationship — I'm still accessing other music streams, and Beatsy's positively promiscuous, winning the hearts of the music press and thousands of trial subscribers. But I don't mind. When I'm with Beatsy I feel special. Yes, he is a computer program — the world knows him as Beats Music, just one of many services that make it possible for me to listen to music stored in its cloud library via my phone or computer.
And our Last Word In Business is an update on the campaign against the scourge of cheap food. This really is a problem in the minds of small-business people. Think about how giant stores have crowded out local retailers.
STEVE INSKEEP, HOST:
But in this case, the giant food is local. It's the $1 slice of pizza, which has been a tradition in New York City for many, many, many years.
NPR's business news starts with a climb in consumer debt.
(SOUNDBITE OF MUSIC)
INSKEEP: Household borrowing is on the rise. It gained 2.1 percent last quarter, which is the biggest gain since the fall of 2007 - which is to say, the biggest gain since before the financial crisis peaked. A new report by the Federal Reserve Bank of New York says consumer debt held by American households has reached $11.5 trillion.
Let's talk next about Iraq. Not the violence there, but the other thing the country is - for better or worse - quite famous for, oil. An ethnic group that controls a large slice of Iraq also control some of the oil, and this group, the Kurds, have found a way to export the oil while bypassing the rest of the country, including the central government - which is not happy.
Ben Lando is the editor-in-chief of the "Iraq Oil Report," and has been covering the story. Welcome to the program, sir.
A leader of the U.S. manufacturing sector is calling on Congress and the president to put aside their differences. Jay Timmons, who is head of the National Association of Manufacturers, would like to see some progress on the president's trade agenda.
Chuck Quirmbach of Wisconsin Public Radio reports.