Business

All Tech Considered
8:55 am
Wed August 14, 2013

Man Learns How Not To Launch A Site For Women

Bryan Goldberg is founder and CEO of Bustle.com, a new site targeting female audiences.
Courtesy of Bryan Goldberg

Originally published on Wed August 14, 2013 1:02 pm

Bustle.com is a new women's site staffed by editors and writers from traditionally female-oriented organizations like Glamour and Seventeen but founded and led by a man, Bryan Goldberg. His previous venture was the multimillion-dollar sports site Bleacher Report. In announcing the launch of his new lady-targeted venture Tuesday, he wrote:

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The Two-Way
7:54 am
Wed August 14, 2013

Is Europe's Recession Really Over? It's Too Soon To Say

The line outside an employment office in Madrid last October. Spain's economy has been among the hardest hit in Europe.
Dominique Faget AFP/Getty Images

Originally published on Wed August 14, 2013 9:29 am

These headlines this morning make it sound like Europe's economy is up and running again:

-- "Euro Area Exits Longest Recession on Record." (Bloomberg News)

-- "Euro Zone Emerges from Recession." (The Wall Street Journal)

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The Two-Way
5:45 am
Wed August 14, 2013

AOL CEO Apologizes For Public Firing

Tim Armstrong, the CEO of AOL.
Michael Kovac Getty Images for AOL

Originally published on Wed August 14, 2013 10:51 am

After several days of brutal criticism and commentary about the brutal way he fired a man during a conference call, AOL CEO Tim Armstrong is now apologizing.

"I am writing you to acknowledge the mistake I made last Friday during the Patch all-hands meeting when I publicly fired Abel Lenz," Armstrong says in an email to AOL employees, which Mashable has posted here.

Armstrong adds that:

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Latin America
3:21 am
Wed August 14, 2013

Top Foreign Real Estate Buyers In Miami Are Brazilians

Originally published on Wed August 14, 2013 7:16 am

Transcript

GREG ALLEN, BYLINE: I'm Greg Allen, in Miami. To gauge the impact of Brazilians here, you only need to go downtown and look up.

(SOUNDBITE OF MACHINERY)

ALLEN: Just a few years after the housing downturn, in Miami, once again, cranes and construction crews are hard at work building high-rise condominiums. Thousands of units are going up all over town, and many are being built for Brazilians.

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Business
3:21 am
Wed August 14, 2013

Eurozone Shows Signs Of Economic Improvement

Originally published on Wed August 14, 2013 7:16 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with growth in the eurozone.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

It looks like Europe's long recession is finally over. Statistics out this morning shows signs of growth across the eurozone after a year and a half of declining numbers.

GREENE: It will take time and stronger growth to reverse the high unemployment of many countries but politicians are hailing the figures as an end to the dark years.

NPR's Eleanor Beardsley sent this report.

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Business
3:21 am
Wed August 14, 2013

Does More Vacation Mean Happier Workers?

Originally published on Wed August 14, 2013 7:16 am

August means many parts of the world are virtually shut down with many workers off on summer holiday. A recent blog post in The Atlantic took on the question: Does more vacation mean happier workers? Some data suggests not so much.

Law
3:21 am
Wed August 14, 2013

Feds Sue To Block Proposed Airline Merger

Originally published on Wed August 14, 2013 7:16 am

Transcript

DAVID GREENE, HOST:

And let's hear now about a proposed airline merger. In a surprise move, the Justice Department announced yesterday that it will try to stop American Airlines and U.S. Airways from becoming one. This is largely because of two other mergers that made both Delta and United Airlines much bigger. Those deals were approved back in 2008 and 2010. Now, as NPR's Wade Goodwyn reports from Dallas, the government seems determined to change course.

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Business
3:21 am
Wed August 14, 2013

Heard It Through The Grapevine: Raisin Grower Goes Rogue

Originally published on Fri August 16, 2013 4:26 am

Transcript

DAVID GREENE, HOST:

Now, the story of a man many call an outlaw. His crime: growing raisins and then deciding to sell them all. His case made it all the way to the Supreme Court.

Planet Money's Zoe Chace has the story.

ZOE CHACE, BYLINE: You might imagine that such an ordinary thing like a raisin works the same way lots of other stuff works. The raisin grower takes his sun-dried grapes and sells them, as many as he can to whoever wants them. That's not what happens.

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The Salt
1:05 am
Wed August 14, 2013

Listeria Outbreak Still Haunts Colorado's Cantaloupe Growers

A melon washing station sprays cantaloupes with clean water and sanitizer.
Kristin Kidd

Originally published on Wed August 14, 2013 11:48 am

Two years after cantaloupe were linked to one of the worst foodborne outbreaks in U.S. history, lawyers have filed a fresh round of lawsuits. Meanwhile, farmers are trying to win back customers after their signature crop was tarred by a broad brush.

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The Record
1:04 am
Wed August 14, 2013

Why Steinway Is Likely To Be Sold To A Hedge Fund Manager

The Steinway Musical Instruments factory in Queens, N.Y.
Ilya Marritz

Originally published on Tue September 10, 2013 9:16 am

Steinway & Sons, the 160-year-old musical instrument maker, is set to change hands.

Last month, a private equity firm emerged as the company's likely buyer. But a mystery bidder — rumored to be hedge fund manager John Paulson — has swooped in at the last minute, and now looks likely to take control of one of the oldest manufacturers in the United States. Paulson made billions betting against the housing market at a time when many thought housing prices could only go up. His reported offer for the company is $458 million.

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Business
3:28 pm
Tue August 13, 2013

DOJ Suit Seen Delaying, Not Killing Big Airline Merger

A United Airlines jet takes off behind a US Airways jet at Ronald Reagan Washington National Airport on Tuesday.
Win McNamee Getty Images

The government's decision Tuesday to oppose the merger of US Airways and American Airlines stunned airline analysts, but many predicted the deal eventually will win go through.

"Given that other airline mergers were approved, this was a surprise," University of Richmond transportation economist George Hoffer said. Other major carriers already have been allowed to combine forces, so "it's illogical to oppose this merger. This move comes a day late and a dollar short," he said.

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The Salt
2:33 pm
Tue August 13, 2013

Chipotle Is Keeping Its Meat Antibiotic-Free After All

Originally published on Mon November 18, 2013 3:26 pm

For a few hours Tuesday, it appeared that Chipotle Mexican Grill, an ever expanding source of fast food for the ethically conscious consumer, had softened its hard line against antibiotics in meat production.

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Business
2:33 pm
Tue August 13, 2013

J.C. Penney Board Member Resigns After Criticizing Management

Originally published on Tue August 13, 2013 4:31 pm

William Ackman, a controversial hedge fund manager, has resigned from the board of the J.C. Penney Company. Ackman is Penny's largest shareholder and had been engaged in a public dispute with the board over who should lead the struggling retailer.

Business
2:33 pm
Tue August 13, 2013

DOJ Tries To Block Airline Merger With Antitrust Suit

Originally published on Tue August 13, 2013 4:31 pm

The proposed merger of U.S. Airways and American Airlines ran into major turbulence on Tuesday as the Justice Department and six state attorneys general filed an antitrust suit aimed at blocking the deal. Justice Department officials said the merger would eliminate competition and put consumers at risk of higher prices.

Business
2:33 pm
Tue August 13, 2013

Some Consumers Push Back Against 'Smart' Utility Meters

Originally published on Tue August 13, 2013 4:31 pm

Power companies all over the country are in the process of replacing old residential meters with new digital smart ones. These meters transmit real time data back to the utilities, giving a precise picture of how much electricity customers are using and when. Audie Cornish talks to Severin Borenstein — director of the University of California Energy Institute — about the technology.

Business
2:33 pm
Tue August 13, 2013

Lawmakers, Banking Regulators Take On Bitcoin

Originally published on Tue August 13, 2013 4:39 pm

The New York Department of Financial Services has issued subpoenas to several companies using the virtual currency Bitcoin for more information on how they do business. Audie Cornish talks to Jerry Brito, senior research fellow at the Mercatus Center at George Mason University, about the complications of regulating digital money.

All Tech Considered
12:59 pm
Tue August 13, 2013

Why The World Pays Attention When Elon Musk Proposes An Idea

Musk with the Tesla Model S in Fremont on Oct. 1, 2011.
Stephen Lam Reuters/Landov

Originally published on Tue August 13, 2013 1:46 pm

Derision: It's what would usually greet plans for a futuristic transportation system that could take passengers from Los Angeles to San Francisco in 30 minutes. But when Elon Musk, the billionaire inventor behind PayPal, Tesla and SpaceX, unveils such a plan, the world pays attention (even if it draws skeptics).

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The Two-Way
11:18 am
Tue August 13, 2013

Canada Revokes License Of Company In Quebec Rail Disaster

The railway company whose train derailed and exploded in Lac-Megantic, Quebec, last month can no longer operate in Canada. An image shows the scene one week after the disaster.
Ian Willms Getty Images

Originally published on Tue August 13, 2013 11:54 am

The railway whose crude oil-carrying train derailed and exploded in the center of Lac-Mégantic, Quebec, last month can no longer operate in Canada, the country's Transportation Agency says. The disaster resulted in more than 40 deaths and the destruction of many of the town's central buildings.

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Code Switch
9:59 am
Tue August 13, 2013

Latinas Drive Hispanic Purchasing Power In The U.S.

Latina pop star Thalía holds a toddler playing a tumbadora during a Pampers promotional event launching Mi Música, Mi Herencia (My Music, My Heritage).
Marc Serota AP

Originally published on Tue August 13, 2013 11:05 am

Meet Pamela Maria Wright — the "contemporary Latina consumer." She has two kids — Nico and Rita — whom she hopes will be bilingual, as she is. She's a tech-savvy working professional with a master's degree, but she's also very traditional and family-oriented. (While I was visiting her home, her father showed up for a surprise visit. "How much more Latino can you get?" Wright asked.)

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The Two-Way
8:55 am
Tue August 13, 2013

Justice Sues To Block US Airways-American Airlines Merger

A US Airways plane rests near two American Airlines jets at Ronald Reagan Washington National Airport last year. The combined carrier would be named American Airlines.
Jim Watson AFP/Getty Images

Originally published on Tue August 13, 2013 12:33 pm

A merger of American Airlines and US Airways would violate U.S. antitrust law, the Justice Department, six state attorneys general and the District of Columbia allege in a lawsuit filed Tuesday in Washington, D.C.

Bloomberg reports that Justice alleges the merger would lead to "less competition in the industry and higher prices for consumers." The wire service explains:

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Business
3:28 am
Tue August 13, 2013

Why Modern Latinas Are A Challenge To Marketers

Originally published on Thu August 15, 2013 5:59 am

Transcript

DAVID GREENE, HOST:

Hispanic American are an increasingly important consumer demographic to woo. That's according to a new study from the market research firm Nielsen. The report says that most of today's Latinas are the primary decision makers when it comes to household spending.

But marketing to them is a real challenge, as NPR's Shereen Marisol Meraji reports.

SHEREEN MARISOL MERAJI, BYLINE: Welcome to the home of the contemporary Latina consumer.

PAMELA MARIA WRIGHT: Hi.

MERAJI: Hi. How are you?

Good. How are you?

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Business
3:17 am
Tue August 13, 2013

Flying Car Could Get You Where You Need To Be Fast

Originally published on Thu August 15, 2013 5:59 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: Traffic Solution.

One way to beat bumper-to-bumper traffic is a vintage and very rare 1954 Aerocar, offered for sale by Courtesy Aircraft in Rockford, Illinois.

DAVID GREENE, HOST:

This vehicle apparently converts from car to airplane in about 10 minutes and tops out at 60 miles per hour on land, 110 in the sky. That's pretty fast. But with an asking price just shy of a million dollars.

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Business
3:17 am
Tue August 13, 2013

BlackBerry May Be Sold

Originally published on Thu August 15, 2013 5:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with BlackBerry weighing its option.

(SOUNDBITE OF THEME MUSIC)

GREENE: The Canadian telecom firm announced yesterday that it maybe looking for new owners. BlackBerry was valued at more than $80 billion back in 2008. Then the iPhone and Android came along and stole its dominance of the smartphone market. Now BlackBerry is worth only about $5.4 billion and its market share is plummeting.

Economy
3:17 am
Tue August 13, 2013

Communities Debate Whether Sharing Services Saves Money

Originally published on Thu August 15, 2013 5:59 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene.

We're going to take a look this morning at how the economic downturn has hurt the places where we live - cities, counties, towns - and the ways that people are trying fight through.

MONTAGNE: We begin in Wisconsin, where, as in much of the country, municipalities are running out of sources of cash. Residents complain taxes are too high, then wince when services are cut.

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Shots - Health News
2:07 am
Tue August 13, 2013

Obamacare: People With Disabilities Face Complex Choices

Speech-language pathologists Jill Tullman (left) and Mendi Carroll (right) work with Bryce Vernon at Talking with Technology Camp in Empire, Colo., on July 25.
Kristen Kidd KCFR News

Originally published on Thu August 15, 2013 5:59 am

The Affordable Care Act has set new standards — called essential health benefits — outlining what health insurance companies must now cover. But there's a catch: Insurance firms can still pick and choose, to some degree, which specific therapies they'll cover within some categories of benefit.

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All Tech Considered
1:03 am
Tue August 13, 2013

A Closer Look At Elon Musk's Much-Hyped Hyperloop

A rendering of a Hyperloop pod.
Courtesy of Elon Musk

Originally published on Thu August 15, 2013 5:59 am

You can thank brainy billionaire Elon Musk's Hyperloop proposal for bringing electro-magnetic-powered transportation and the linear induction motor back into the public consciousness.

The Hyperloop is a system for really-really rapid transit. If built, Musk claims it can carry people about 800 miles per hour, which could get you from Los Angeles to San Francisco in about 30 minutes.

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The Salt
1:02 am
Tue August 13, 2013

Colorado Vault Is Fort Knox For The World's Seeds

Dave Dierig, research leader at the National Center for Genetic Resources Preservation, stands among the ceiling-high shelves that hold the 600,000 seed packets in this cold storage vault.
Grace Hood KUNC

Originally published on Thu August 15, 2013 5:59 am

When unapproved genetically modified wheat was found growing in Oregon earlier this year, it didn't take long for accusations to start flying. A flurry of initial finger-pointing cast potential blame on a federal seed vault in Fort Collins, Colo., which housed the same strain of wheat, developed by Monsanto Corp., for about seven years up until late 2011.

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Shots - Health News
1:00 am
Tue August 13, 2013

Patients Can Pay A High Price For ER Convenience

In case of emergency, go to the strip mall or the hospital?
iStockphoto.com

Originally published on Thu August 15, 2013 5:59 am

Medical entrepreneurs are remaking the emergency room experience. They're pulling the emergency room out of the hospital and planting it in the strip mall.

It's called a "free-standing ER," and some 400 of them have opened across the country in the past four years.

The trend is hot around Houston, where there are already 41 free-standing ERs and 10 more in the works.

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The Two-Way
5:24 pm
Mon August 12, 2013

Judge Throws Out Discrimination Claims Against Paula Deen

Will Paula Deen's admission of using a racial slur crumble her empire?
Courtesy of Food Network AP

A federal judge in Georgia threw out the discrimination claims against Paula Deen on Monday in a lawsuit that sparked widespread criticism, led sponsors to jump ship and the Food Network to drop her show.

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The Two-Way
10:58 am
Mon August 12, 2013

London Puts Stop To Sidewalk Bins That Track Cellphones

A promotional image from Renew shows one of its recycling/advertising kiosks in London. City officials asked the company to stop recording data about the phones of passing pedestrians.
Renew

Originally published on Mon August 12, 2013 11:37 am

The city of London has ordered a company to cease tracking the cellphones of pedestrians who pass its recycling bins, which also double as kiosks showing video advertisements. The bins logged data about any Wi-Fi-enabled device that passed within range.

The company, called Renew, recently added the tracking technology to about a dozen of the 100 bins it had installed before London hosted the 2012 Summer Olympics.

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