There's been excitement on Wall Street about a turnaround at Yahoo since Marissa Mayer became head of the company last year. Mayer has completed high profile acquisitions and sought to improve worker morale. Second quarter revenues missed expectations as Yahoo struggled to corral advertising dollars.
Greece's two largest unions held a general strike and anti-austerity demonstrations on Tuesday. Now, the country's parliament will debate and vote on deep civil service cuts. Greece must downsize the public sector in order for it to keep getting international bailout loans.
It's semi-annual testimony time for Federal Reserve Chairman Ben Bernanke. Sounds dry but lots of people will be hanging on his every word these next two days. Markets have been on a wild ride since Bernanke delivered a news conference last month. In that speech he laid out plans to scale back the Fed's bond-buying program.
Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.
The company had spent millions of dollars supporting the independent group. The National Scrabble Association played a support role for the Scrabble community for more than 25 years. It worked with Merriam-Webster to create an official dictionary, and it refereed tournaments. Hasbro is now taking over those duties.
Wheat grows in a test field at Oregon State University in Corvallis. Some scientists believe that there's a chance that genetically modified wheat found in one farmer's field in May is still in the seed supply.
Credit Natalie Behring / Bloomberg via Getty Images
Wal-Mart's long-standing plans to come to Washington, D.C., are now up in the air. The City Council passed a living wage law that would require the world's largest retailer to pay $12.50 an hour, more than the city's current $8.25 minimum wage.
The Chesapeake Bay once supplied half the world's oyster market. But pollution, disease and over-harvesting have nearly wiped out the population. It's a dire situation that's united former adversaries to revive the oyster ecosystem and industry.
Scientists and watermen have joined forces to plant underwater farms in the bay with a special oyster bred in a lab. Called triploid oysters, they have been selected for attributes like disease tolerance and fast growth.
To learn more about these living wage bills throughout the country, we're joined by David Neumark. For years, he studied the effects of living wage laws, and he directs the Center for Economics and Public Policy at the University of California at Irvine. Welcome to the program.
DAVID NEUMARK: Thanks for having me.
CORNISH: So, first, some context. How does the living wage differ from what we're all more familiar with, the minimum wage?
Coca-Cola sales have slowed, in part because of the weather. The company says global soda sales rose by only 1 percent in the second quarter — less than expected. Coke's CEO cited rain and cold temperatures in the U.S., which seems to have put a damper on consumers' desire for a refreshing soft drink.
Companies that make medical equipment operate largely on a supply-and-demand model. Hospitals buy their multimillion- dollar machines, use them for a few years, and then go shopping again. In some cases, manufacturers have designed entire medical systems within a hospital.
Now, in what appears to be a first-of-its-kind partnership in the United States, a tech giant - Royal Philips - and a hospital system in Georgia are sharing financial risk and reward. Jim Burress reports from WABE in Atlanta.
Investigators in London are continuing to probe the cause of last Friday's fire onboard a parked Boeing 787 - the plane known as the Dreamliner. They're examining what role the emergency locator transmitter might have played.
That device is made by Honeywell - and as NPR's Wendy Kaufman reports, the company has sent technical experts to assist in the investigation.
WENDY KAUFMAN, BYLINE: The emergency locator transmitter, or ELT, sends out a digitally encoded signal after a crash, and says aviation analyst Scott Hamilton...
Car sales in Europe are at a 20-year low. The European Automobile Manufacturers' Association calculates this based on the number of car registrations in a given period. For June, registrations were down more than 6 percent compared to a year earlier. Analysts say the EU's high unemployment rate is to blame.
There's been a frenzy of excitement since last year when Disney bought Lucasfilm, creator of the Star Wars franchise, and announced it would make more Star Wars movies. Fans are eagerly awaiting hints of what might happen next in the story, and one way the franchise keeps fans interested is through a pantheon of Star Wars books, the latest of which is Troy Denning's Star Wars: Crucible.
Three years ago the Securities and Exchange Commission filed civil charges against Goldman Sachs and one of its traders, Fabrice Tourre. They were charged with misleading investors over mortgage-backed securities. Goldman settled and agreed to pay $550 million. Tourre's trial began Monday in a Manhattan court room.
Calm largely prevailed after a jury acquitted George Zimmerman Saturday night in the killing of Trayvon Martin. Law enforcement and community leaders had prepared for potential unrest, and riots had been feared for months. Slate's Dave Weigel sums up the fears:
A Bangladeshi garment worker participates in a protest outside the Bangladesh Garment Manufacturers and Export Association office building in the capital, Dhaka, on July 11. The country's Parliament approved a new law that would allow workers to unionize more freely.
Originally published on Mon July 15, 2013 11:55 am
The garment factory collapse in Bangladesh, which killed more than 1,000 people in April, has spurred the Parliament into action.
The legislature approved a law Monday that makes it easier for workers to unionize. The vote comes amid scrutiny of working conditions in the country after the building collapse outside Dhaka, the capital.
The building, Rana Plaza, housed garment factories that churned out products for some of the world's top brands.
Nissan Motor Co. President and CEO Carlos Ghosn poses with the Datsun Go in New Delhi on Monday. Its the first new Datsun model in more than three decades.
Credit Manish Swarup / AP
A model stands beside a Red Flag L7 during the 2012 Beijing International Automotive Exhibition in Beijing.
Credit Lintao Zhang / Getty Images
Vintage car collector Bill Lloyd shows off his Detroit Electric model from 1915, in Australia last year.
Credit Romeo Gacad / AFP/Getty Images
This image provided by Detroit Electric shows the automaker's SP:01, a limited-edition electric sports car. The company was revived in 2008. <a href="http://www.detroitnews.com/article/20130601/AUTO01/306010006/1148/Detroit-Electric-delays-its-first-EV-by-month">Last month it announced</a> that production would be delayed by a month. The model is priced at $135,000.
The Trabant NT is presented during a show at a shopping center in Dresden, Germany, in November 2009.
Earnings season will pick up pace this week with a lot of major financial companies releasing their reports. Big names like Goldman Sachs, Bank of America and Morgan Stanley will spell out how they fared in the second quarter.
In the Quebec town of Lac-Megantic, a grim search continues this morning amid the ash and debris left after a train carrying oil crashed into the town. As investigators try to figure out what caused the fiery accident, the question has emerged across the border: Could the same thing happen here in the U.S.? NPR's Jeff Brady reports.
The little known crime novel The Cuckoo's Calling was written by someone using the pseudonym Robert Galbraith. He claimed to be a first time author and former member of the British Royal Military police. London's Sunday Times revealed the writer to be none other than J.K. Rowling of Harry Potter fame.
In the wake of the National Security Agency cyber-spying revelations, you may be worrying about the government keeping track of your digital life. But, for less than $300, a group of ordinary hackers found a way to tap right into Verizon cellphones.
This is a group of good-guy, or "white hat", hackers. They hacked the phones to warn wireless carriers that the phones have a security flaw.