Earlier this month, President Obama flew to Miami to take the stage in front of a gymnasium full of high school seniors. He came to Coral Reef High School to address a subject near and dear to his audience: better access to higher education.
And the Chinese Internet giant Alibaba says it plans to launch an initial public offering in the United States. Alibaba is known as the Chinese Google. and the IPO could be one of the biggest offerings in the history of the technology sector.
As NPR's Jim Zarroli reports, buying shares in the company brings some risk.
And it's out with the old and in with the new for the Goodyear Tire and Rubber Company. After 45 years of using the same model for its fleet of blimps, Goodyear is preparing for its new generation of helium filled airships. The tire company holds a test flight this morning in Akron, Ohio with the first of three new airships it plans to build. This first new blimp is longer and faster, it has more room for ads and even a bathroom with a window.
Originally published on Mon March 17, 2014 4:32 pm
The math is clear: College pays off.
Among Americans ages 25 to 32, college graduates earned $17,500 more than high school graduates in 2012 — the largest pay differential ever, according to Pew Research. When it comes to earnings, "the picture is consistently bleaker for less-educated workers," the Pew study concluded.
Originally published on Fri March 14, 2014 4:41 pm
The Federal Deposit Insurance Corp. has filed a lawsuit against 16 of the world's biggest banks, accusing them of fixing the London interbank offered rate and costing smaller, failed American banks money.
Originally published on Fri March 14, 2014 12:20 pm
UBS, which was fined $1.5 billion in 2012 for what regulators said was "routine and widespread" rigging of the London interbank offered rate, or Libor, has been censured for trying to do the same thing with Hong Kong's benchmark rate between 2006 and 2009.
As the slump in newspaper advertising revenue continues, publishers are trying to hold on to one line of stable cash - the legal notice in print. In Connecticut, municipal leaders are pushing for a change in state law that would cut back on those legal notices.
Jeff Cohen from member station WNPR has this report on the pushback from newspapers.
Today, March 14th, 3-14, is Pi Day. In case you didn't know, it's actually a national holiday - certainly an important day for math lovers. In Austin, festivities started early - with skywriting. A company called AirSign tried to write the long famous ratio across 100 miles of sky. It turned out writing Pi in the Sky was a little easier.
NPR's business news starts with BP doing business in the Gulf.
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MONTAGNE: The petroleum company is once again allowed to seek oil leases in the Gulf of Mexico. The Environmental Protection Agency yesterday lifted a ban that kept BP from bidding on new federal contracts. The suspension had been in effect since 2012, when regulators determined that BP had not corrected problems that led to the Deepwater Horizon oil spill two years before.
Scott Clapham peers down into a cavernous dry dock at the Aker Philadelphia Shipyard. He points to massive pieces of steel, some covered with a light dusting of snow. When assembled, they will form a 115,000-ton oil tanker.
Late last year, during the holiday season, hackers somewhere in Europe stole 40 million credit and debit card numbers and tens of millions of other pieces of personal information from Target customers in the United States. As reported by Bloomberg Businessweek's Michael Riley, the malware attack wasn't particularly sophisticated or unique, and Target's security systems were extensive and ready for such an attack — and yet Target missed the early security warnings.
Things can take off fast on Twitter. And that's what happened when a couple of writers expressed how much they like riding trains, Amtrak specifically. It started with an idea: Wouldn't it be great if Amtrak would offer writers a chance to ride the rails for free and do some writing along the way? Soon, the idea was being tweeted and retweeted, and Amtrak replied: Sure.
Originally published on Thu March 13, 2014 5:50 pm
Flanked by a cadre of salaried workers, President Obama signed a memo directing his labor secretary to rewrite the rules governing overtime in the country.
"Americans have spent too much time working more and making less," Obama said during comments preceding the signing ceremony.
Obama's proposal would rewrite a commonly used exemption in which a salaried worker designated as "executive, administrative and professional" is denied overtime if he or she is making more than $455 a week.
As the snow melts, even in Minnesota, and daylight lingers into evening, people who like to eat with the seasons know what's coming: asparagus.
"Asparagus means the beginning of spring. It's spring!" says Nora Pouillon, chef and founder of Restaurant Nora in Washington, D.C. Later this month, she'll revise her menu, and it will certainly include asparagus with salmon, and asparagus soup.
It's an elegant vegetable, Pouillon says, and unique: "Sweet and bitter at the same time."
Originally published on Fri March 14, 2014 8:00 am
Malaysia Airlines announced Thursday that it will stop using two flight numbers associated with the plane that disappeared over the Gulf of Thailand on March 8, following a long-standing practice of retiring codes after similar incidents.
Flight MH370 vanished en route from Kuala Lumpur to Beijing with 239 people aboard. That number, which Malaysian Airlines uses to denote that particular route, will no longer be used after Friday as a "mark of respect" for the passengers and crew. MH371, the code used for the return flight, also will be retired.
NPR's business news begins with a partner for Yahoo.
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GREENE: Yahoo is trying to boost search traffic with reviews of businesses from Yelp - in hopes that some of its popularity will rub off. Among their favorite search engines, Yahoo is a distant third after Google and Microsoft's Bing.
Ratings and snippets from "Yelp" reviews began appearing in Yahoo search results yesterday as a result of a partnership between the two companies. Transcript provided by NPR, Copyright NPR.
And there's some good news for the nation's housing market. Numbers are out today and national foreclosure filings in February were the lowest they've been since 2006. That means on a national level, lenders repossessed fewer homes and fewer homeowners got in mortgage trouble. That's not the case though, here in California.
As NPR's Nathan Rott reports, the number of homes just entering the foreclosure process here is way up.
NATHAN ROTT, BYLINE: Berlinda Phommalayvane has a story that isn't uncommon in Southern California.