The uncertain future of American military action in Syria is causing ripple effects in the world market. Host Michel Martin speaks with economic reporter Sudeep Reddy of The Wall Street Journal, about the relationship between the Syrian conflict and oil.
Nokia was once the largest mobile phone manufacturer in the world, the most valuable company in Europe and an icon in its home base of Finland. But the rise of Apple and Android smartphones knocked the company on its heels.
NPR News business news starts with Verizon in total control.
At least for the wireless network. Yesterday, we told you Verizon was on the way to approving one of the biggest deals in the history of the telecommunications business. And now we can tell you the deal is sealed. The company will pay $130 billion in cash and stock to the British company Vodafone to acquire Vodafone's share of their joint wireless venture.
Upstate New York has lugged around the Rust Belt identity for decades now. But today, the region is trying on a new reputation as the king of yogurt — especially the high-protein Greek yogurt that consumers crave.
Originally published on Mon September 2, 2013 4:32 am
Verizon and Vodafone are joint owners of the nation's No. 1 wireless provider Verizon Wireless. Over the weekend, the two companies were in talks to finalize the terms of a $130 billion deal. That's how much Vodafone is asking for its 45 percent stake in the company.
And today's last word in business is: boy band. Because what's better than one teenage heartthrob? Five of them. In 3-D.
The Irish-English pop group One Direction helped Hollywood break a Labor Day weekend record. Their 3-D concert film "One Direction: This is Us" grossed $17 million in its first three days to top the weekend box office. That's a nice take for the Morgan Spurlock music documentary, which cost a modest $10 million to make.
In the grand days of railroad travel, passengers arrived in monumental terminals. There was grandeur, style and comfort — qualities that today's equivalent for long-distance travel, the airport, mostly lack. Especially in the United States.
In a survey of international travelers by the British firm Skytrax, not a single U.S. airport ranked anywhere near the top of the list. Singapore got top honors, while the best the United States could do was Cincinnati's airport — which came in at No. 30.
The government of Ecuador has abandoned a plan that would have kept part of the Amazonian rainforest off limits to oil drilling. The initiative was an unusual one: Ecuador was promising to keep the oil in the ground, but it wanted to be paid for doing so.
When goods arrive in Houston, they may come in containers stacked high on huge ships or strung out on long lines of rail cars. But to get to the customer, those goods need to be put on trucks and driven to their final destinations.
And now with the oil and gas sectors booming, the demand for truckers is soaring. The U.S. Energy Information Administration says oil delivered to refineries by trucks shot up 38 percent between 2011 and 2012.
As Labor Day honors American workers, stress weighs on many. A changing world — and therefore a changing workplace — has many employees on the job and staring at screens for hours upon hours. Some have reached a breaking point.
John Challenger, CEO of workplace consulting company Challenger, Gray & Christmas, diagnoses burnout. He tells NPR's Jacki Lyden stress can manifest emotionally, mentally or physically. "It can be combined with doubts about your confidence or the value of the work you do," he says.
Joanna Cruz, a New Jersey mother of three who works as a cook at a convenience store, wrote in an online essay that "too often, people think that individuals on public assistance programs are lazy. I would like for them to spend one day in my shoes." She shares what it's like to support a family on minimum wage with guest host Wade Goodwyn.
People hoping to upgrade their old iPhone for a newer model now have the option of trading in their phone to get credit toward a new device at an Apple store. The technology company announced the new option Friday, ahead of the expected Sept. 10 release of updates to its iPhone line.
The new trade-in program, which Apple says is available at its 252 U.S. retail stores, has several requirements:
Originally published on Fri August 30, 2013 1:24 pm
For the past year and a half, Mike Hallatt has been driving across the U.S.-Canada border and back, bringing loads of groceries back to Vancouver. There's no food shortage in Canada — but there's an absolute lack of Trader Joe's grocery stores, and that created an opening for an entrepreneur who doesn't mind making a long drive.
Originally called Pirate Joe's, Hallatt's store serves a niche market: Canadians who wish Trader Joe's was in their country and who will pay a bit extra for triple ginger snaps and fanciful trail mixes.
Originally published on Fri August 30, 2013 1:44 pm
Each Friday we round up the big conversations in tech and culture during the week that was. We also revisit the work that appeared on this blog and highlight what we're reading from our fellow technology writers and observers across the Internet.
After years of sticking close to home, more Americans are eager to shake off the recession's remnants and have a final summer adventure, according to experts who track travel.
"We've noticed that vacation plans increased quite a bit in August," compared with June, said Chris Christopher, an economist who focuses on consumer markets for IHS Global Insight, a forecasting firm.
If you want to know what prompted Seth Goldman and Barry Nalebuff to cofound Honest Tea, here's the simple answer they give on their website: They were thirsty. Goldman had taken Nalebuff's class at the Yale School of Management, and they were both tired of the super sweet iced teas available in stores. So in the late 1990s, they started their own company based on the hunch that other people out there felt the same way.
Obstetricians perform more cesarean sections when there are financial incentives to do so, according to a new study that explores links between economic incentives and medical decision-making during childbirth.
Don Byles, 65, is a funeral director in New London, Conn. His grandfather started the family's business, Byles-MacDougall Funeral Service, in 1904. Now, Byles is getting ready to hand it over to his 25-year-old daughter Mackenzie.
"You have to teach me a lot of stuff before you can retire," Mackenzie tells her dad during a recent visit to StoryCorps. "I'm a little nervous about being on my own here. I've got big shoes to fill with you."
Click on the audio link above to hear their StoryCorps conversation.
Every time you turn around it seems like there's a new streaming music service. Pandora was among the first a decade ago. Rdio launched in 2010. Spotify came to the U.S. in the summer of 2011. Apple and Google plan to join the fray this year. Music producer Jimmy Iovine is launching a service tied to his headphone brand Beats by Dr. Dre.
What's odd is they are all jumping into a business that, so far, doesn't seem to be turning a profit.
Crude oil prices are up about 20 percent over the past two months. On Tuesday, the price of the U.S. benchmark, West Texas Intermediate, hit $109. Events in Syria are driving the price spike. Syria doesn't produce much oil, but there is great concern that the conflict there might spill over and involve other Persian Gulf nations such as Iran and Saudi Arabia.
Originally published on Fri August 30, 2013 1:29 pm
There's no question that dealing with mortgages, car payments and other bills takes up time and energy. But having a tight budget may also zap our ability to think clearly, scientists report Thursday in the journal Science.
In a series of clever experiments involving farmers in India and shoppers in New Jersey, scientists found that people are worse at solving puzzles — similar to those on the IQ test — when they're first reminded of money problems.