Business

Paying For College
3:24 am
Tue March 18, 2014

How The Cost Of College Went From Affordable To Sky-High

World War II veterans and other students at the University of Iowa in 1947. That year, due to federal assistance from the GI Bill, 60 percent of the school's enrollment was made up of veterans.
Margaret Bourke-White Time Life Pictures/Getty Images

Originally published on Tue March 18, 2014 11:59 am

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Business
3:24 am
Tue March 18, 2014

Primark To Pay $10 Million To Victims Of Bangladesh Factory Collapse

British clothing retailer Primark says it will pay $10 million in compensation to the victims of the Rana Plaza factory collapse in Bangladesh last year. The tragedy killed more than 1,100.

Your Money
3:24 am
Tue March 18, 2014

Report: Most Americans Not Putting Enough Away For Retirement

Originally published on Tue March 18, 2014 7:44 am

The stock market surge has given a lift to many retirement portfolios. But a new report finds that most Americans haven't saved nearly enough for the kind of retirement they expect.

Digital Life
3:24 am
Tue March 18, 2014

Investors Pool Money Online To Buy Real Estate

Originally published on Tue March 18, 2014 3:27 am

The crowdfunding trend — where people donate money through sites like Kickstarter to back projects — has grown quickly. Now investors are pooling their money online to buy real estate.

All Tech Considered
2:30 pm
Mon March 17, 2014

With Google's Robot-Buying Binge, A Hat Tip To The Future

A BigDog robot at Boston Dynamics in 2010. The BigDog is being developed to help soldiers carry heavy equipment in the field. It can follow a human being, walking across wet/sandy/rocky terrain, just like a dog would.
Suzanne Kreiter Boston Globe via Getty Images

Originally published on Mon March 17, 2014 6:56 pm

In less than a year, Google has bought more than a half-dozen robotics companies, setting the industry abuzz. But when I ask Google what it's up to with all these robots, the company won't say a thing.

"They are very careful — they haven't disclosed what they are doing," says Richard Mahoney, the director of the robotics program at SRI International, a nonprofit technology accelerator in Menlo Park, Calif. Mahoney also served on the board of Redwood Robotics, one of the companies Google bought.

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News
2:09 pm
Mon March 17, 2014

A Beer Backlash To LGBT Exclusion In St. Patrick's Parades

Originally published on Mon March 17, 2014 4:33 pm

Beer makers Guinness and Sam Adams withdrew sponsorship from New York and Boston's St. Patrick Day parades, respectively, over the exclusion of openly gay, lesbian and transgender participants.

The Two-Way
11:08 am
Mon March 17, 2014

GM Recalls 1.2 Million SUVs For Problem With Air Bags

The 2013 Buick Enclave.
GM AP

Already in the news for a recall involving 1.6 million small vehicles with faulty ignition switches, General Motors on Monday added 1.2 million SUVs and nearly 400,000 other vehicles to its list of models with problems that need fixing.

The new recalls, which GM has listed here:

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The Two-Way
10:41 am
Mon March 17, 2014

Attorneys General Ask Big Retailers To Pull Tobacco From Stores

CVS announced last month that it would no longer sell cigarettes and tobacco products in its stores beginning Oct. 1.
Karen Bleier AFP/Getty Images

Originally published on Mon March 17, 2014 11:53 am

Attorneys general from 28 states are urging drugstores and large retailers to stop selling tobacco products. In letters sent to Kroger, Wal-Mart, and other store chains, the officials ask companies to follow the example of pharmacy chain CVS, which announced last month that it's going to stop selling tobacco products.

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Business
4:27 am
Mon March 17, 2014

Clothing Retailer Lands End To Split From Sears

Originally published on Mon March 17, 2014 9:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a split for Lands' End.

(SOUNDBITE OF MUSIC)

GREENE: Lands' End, the outdoor clothing retailer, will spin off from Sears Holdings Corporation next month and operate as a standalone, publicly traded company.

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Education
3:02 am
Mon March 17, 2014

Balancing College Dreams With Financial Realities

Originally published on Mon March 17, 2014 4:32 pm

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.

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Business
3:02 am
Mon March 17, 2014

Chinese Tech Giant Alibaba Plans To Launch IPO In U.S.

Originally published on Mon March 17, 2014 9:59 am

Transcript

RENEE MONTAGNE, HOST:

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.

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Business
3:02 am
Mon March 17, 2014

New Generation Of Blimps Set To Take Flight

Originally published on Mon March 17, 2014 9:59 am

Transcript

RENEE MONTAGNE, HOST:

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.

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Education
1:59 am
Mon March 17, 2014

Paying For College: No Easy Answers For Many Families

iStockphoto

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.

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The Two-Way
3:42 pm
Fri March 14, 2014

FDIC Sues 16 Big Banks, Accusing Them Of Fixing Interest Rates

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.

Bloomberg explains it like this:

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The Salt
2:31 pm
Fri March 14, 2014

Companies Tap Celebrity Power For Extreme Vegetable Makeover

Originally published on Fri March 14, 2014 9:31 pm

Marketing to kids may have gotten a bad rap in the past. Especially since children have been the target of so much junk food advertising.

But it's a new day.

Increasingly, companies are seeing profits pushing ultra-healthy stuff. And they're not using a finger-wagging, guilt-ridden, eat-your-veggies-because-they're-good-for-you messaging.

Birds Eye is taking a page from the playbook of other companies that have had success leveraging the power of teen pop stars: The frozen food giant is turning to Disney.

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Code Switch
2:30 pm
Fri March 14, 2014

Got Bulgogi? The (Maybe True) Story Behind A 'New York Times' Ad

This ad was published in The New York Times on Wednesday.
Via The New York Times

Originally published on Fri March 14, 2014 3:25 pm

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The Two-Way
11:00 am
Fri March 14, 2014

Hong Kong Says UBS Tried To Rig Interbank Lending Rate

A directory board of Hong Kong Monetary Authority in Hong Kong. The territory's de facto central bank said evidence shows UBS tried to manipulate the interbank lending rate.
Tyrone Siu Reuters/Landov

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.

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Business
10:01 am
Fri March 14, 2014

Obama Pushes For Overtime Pay Protection

Originally published on Fri March 14, 2014 10:27 am

Transcript

MICHEL MARTIN, HOST:

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Business
4:02 am
Fri March 14, 2014

Conn. Papers Fight Proposals To Alter Publication Of Legal Notices

Originally published on Fri March 14, 2014 9:27 am

Transcript

RENEE MONTAGNE, HOST:

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.

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Business
3:03 am
Fri March 14, 2014

Ignition Switch Recall Straddles Old And New GM

Originally published on Fri March 14, 2014 9:27 am

General Motors is at the center of several investigations involving last month's recall of 1.6 million vehicles with faulty ignition switches. The recall comes at a pivotal time for the company.

Business
3:03 am
Fri March 14, 2014

Happy National Pi Day

Originally published on Fri March 14, 2014 9:27 am

Transcript

DAVID GREENE, HOST:

And today's last word in business: Pi in the Sky.

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.

RENEE MONTAGNE, HOST:

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Economy
3:03 am
Fri March 14, 2014

Senators Agree To Compromise Extending Jobless Benefits

Originally published on Fri March 14, 2014 9:27 am

Negotiators in the Senate reached a bi-partisan deal to extend unemployment benefits for 5 months, retroactive to the end of last year. A full Senate vote isn't expected until later this month.

Business
3:03 am
Fri March 14, 2014

BP Allowed To Seek Oil Leases In The Gulf Of Mexico

Originally published on Fri March 14, 2014 9:27 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with BP doing business in the Gulf.

(SOUNDBITE OF MUSIC)

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.

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Around the Nation
1:25 am
Fri March 14, 2014

A Boom In Oil Is A Boon For U.S. Shipbuilding Industry

A welder at Aker Philadelphia Shipyard.
Jonathan Blakley NPR

Originally published on Fri March 14, 2014 2:58 pm

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.

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The Two-Way
4:34 pm
Thu March 13, 2014

Facebook's Mark Zuckerberg Takes White House To Task Over Privacy

Co-Founder, Chairman and CEO of Facebook Mark Zuckerberg speaks during his keynote conference as part of the first day of the Mobile World Congress 2014 in Barcelona, Spain.
David Ramos Getty Images

Facebook co-founder Mark Zuckerberg published an open letter on Thursday in which he takes the White House to task over "the behavior of the U.S. government."

While he does not say so explicitly, Zuckerberg is clearly referring to the reports of widespread surveillance undertaken by the National Security Agency.

Zuckerberg, 29, who has built the world's most successful social network, writes that the Internet works because companies like Facebook strive to make it secure. He adds:

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Business
2:47 pm
Thu March 13, 2014

Report: Target Missed Its Chance To Prevent Data Breach

Target missed security warnings about a data breach, which resulted in 40 million customer credit and debit cards numbers being stolen.
Damian Dovarganes AP

Originally published on Fri March 14, 2014 10:42 am

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.

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Arts & Life
2:21 pm
Thu March 13, 2014

Amtrak Opens The Door To Writing On The Rails

Originally published on Thu March 13, 2014 4:35 pm

Transcript

MELISSA BLOCK, HOST:

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.

NPR's Leah Binkovitz explains.

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Business
2:21 pm
Thu March 13, 2014

Employers React To New Overtime Expansion

Originally published on Thu March 13, 2014 4:35 pm

President Obama is directing his Labor Secretary to tighten U.S. overtime laws. Under the changes, millions of workers will become eligible. Business groups are now reacting to the news.

Economy
2:16 pm
Thu March 13, 2014

The World Bank Gets An Overhaul — And Not Everyone's Happy

Jim Yong Kim joined the World Bank as president in 2012.
Michel Euler AP

Originally published on Thu March 13, 2014 4:35 pm

The World Bank, the largest international development institution, is undergoing a sweeping reorganization, the first of its kind for the bank in nearly a generation.

The bank, based in Washington, has laid out a new set of goals, but they're accompanied by deep budget cuts and the elimination of a whole layer of senior management jobs.

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The Two-Way
12:54 pm
Thu March 13, 2014

Obama: If You 'Work More, You Should Get Paid More'

President Obama signs a memorandum for overtime protections for workers, at the White House on Thursday.
Mark Wilson Getty Images

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.

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