Electrical engineer Fred Hatfield bought an Apple-1 computer in 1976, one of Apple's first computers. At an auction in Germany over the weekend, it sold for $671,400. This sale topped the winning bid for an Apple-1 sold last November in Germany.
Hostess Twinkies are offered for sale in Chicago, part of the last shipment of Hostess products the company made in 2012.
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Pat Chambers recently went back to work at the Hostess bakery in Emporia, Kan.
Credit Frank Morris for NPR
Hostess went bankrupt last year, but you can still buy a Twinkie in Kansas City if you just know where to look. Food truck owner Michael Bradbury bought 10,000 Twinkies when Hostess went under and sells them deep fried and drizzled with chocolate.
The news of Hostess' return to Emporia, Kan., sparked an ecstatic response in this beleaguered town — even though there will be only half as many jobs.
The new company, formed when investors bought Hostess' snack cake business, has hired longtime snack cake production veterans Pat Chambers and her husband, Bob, to help get the bakery here running again. Pat lost her job at the Hostess plant when it closed last November. Now, she sits beaming on her front porch, wearing a dirty Hostess work shirt.
With the exception of one cassette connector, this is the Apple-1 as it was delivered to Fred Hatfield. The user was responsible for finding a monitor and keyboard for the early computer that recently sold at auction for $671,000.
Credit Courtesy of Fred Hatfield
When Fred Hatfield expressed his dissatisfaction with the Apple-1, Steve Jobs personally offered to swap it out in this letter.
Electrical engineer Fred Hatfield bought an Apple-1 computer in 1976, one of Apple's first computers. At an auction in Germany this weekend, it sold for $671,400.
Hatfield's relationship with that computer was an interesting one, and involves one bold interaction with Steve Jobs himself.
Hatfield, now in his 80s and living in New Orleans, says he was always into technology. "I've always been interested in digital machinery. As a kid I used to go to different junk stores and so on, to buy a pinball machine, to rewire it and make it do things like tic-tac-toe."
The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.
California just unveiled a wide array of choices for the 5.3 million people expected to qualify to buy coverage through its online marketplace established by the federal health overhaul.
It's the first disclosure of prices in the nation's most populous state for individual health insurance that complies with the Affordable Care Act, and the menu of affordable options surprised some consumer advocates and analysts who had been expecting premiums to be much higher.
Irish banking officials should have known there were problems with the controversial 10-euro coin commemorating James Joyce, according to Ireland's RTE News. The coin misquotes the author's Ulysses, and bears an image of Joyce that his estate did not approve.
MONTAGNE: Procter & Gamble made a surprise announcement last night. It's bringing back its former CEO as the company's new CEO. A.G. Lafley will replace Bob McDonald. Procter & Gamble is behind names like Crest toothpaste and Tide laundry detergent. The 170-year-old company has been struggling to grow in emerging markets. Transcript provided by NPR, Copyright NPR.
And our last word in business today, quite a tongue lashing for McDonald's. The company held its annual shareholders meeting in yesterday, and when the floor opened for questions, a nine-year-old girl approached the microphone.
RENEE MONTAGNE, HOST:
Hannah Robertson spoke loud and clear, saying quote, "there are things in life that aren't fair, like when your pet dies." And she continued, "I don't think it's fair when big companies try to trick kids into eating food."
The popular series "Arrested Development" returns this Sunday with 15 new episodes, released all at once. They're coming from Netflix, which earlier this year, released "House of Cards." Online video companies are producing more of their own shows - not just Netflix, Hulu and Yahoo are getting into the act, as well.
Now, Amazon also wants to join, but they're doing things differently, letting viewers help choose the new lineup. Here's what TV critic Eric Deggans thinks of that approach.
More, now, on the new federal health care law. States are preparing for that law to take effect. In California, officials have now unveiled plans - and prices - for millions of residents who will be using a new health insurance exchange to purchase their coverage next year. This is a key test of the federal health law's ability to draw competitive bids from insurance companies. Sarah Varney reports.
And for the past few months, global stock markets appeared to be on an escalator going up, relentlessly reaching new highs. This week, that ride seems to be over - or maybe not. To find out, we turn, as we often do, to David Wessel, he's the economics editor of The Wall Street Journal.
DAVID WESSEL: Good morning, Renee.
MONTAGNE: David, put the stock markets into perspective for us. Apart from the day-to-day ups and downs, which we have been seeing, how have the markets been doing?
Educated in the U.S., Aung worked in Silicon Valley for a number of tech companies, including Google, before returning to Myanmar. Here he is at his office shortly after closing time. His employees keep to a tight schedule, starting early in the morning and leaving at 5:30 p.m. every day.
Credit Lam Thuy Vo / NPR
Aung gives one of his employees feedback during a monthly meeting. Giving regular feedback is one of the management techniques he brought from Silicon Valley to Myanmar. After the meeting, he hands his employees thick envelopes that contain their salaries in cash. Even though Nay eventually hopes to develop online and mobile payment services, most of his employees prefer to be paid in cash.
Credit Lam Thuy Vo / NPR
One of Aung's employees holds up the receipt of a payment he is about to deliver to one of Aung's partner hotels. Even though Aung enables tourists to handle their travel bookings online, he still has to deliver cash to his partners by hand.
Credit Lam Thuy Vo / NPR
One of the main challenges Aung faces in running an Internet startup in Myanmar is not having a consistent Internet connection. There are several Internet and electricity outages every day.
Credit Lam Thuy Vo / NPR
Nay Aung is the founder of Oway, a tech startup in Yangon, Myanmar. He used Taste Cafe as his unofficial office when he started his company — in part because it was one of the few places in Myanmar with a stable Internet connection.
It's not every day that a 9-year-old girl chastises the CEO of one of the world's biggest fast-food chains.
Yet that's exactly what young Hannah Robertson did Thursday morning at McDonald's annual shareholders meeting in Chicago. When the meeting opened up to questions, Hannah was first up at the mic with a pointed criticism.
"It would be nice if you stopped trying to trick kids into wanting to eat your food all the time," she told McDonald's CEO Don Thompson.
Millions of students rely on loans and grants for their studies. But with universities strapped for cash, fewer schools are able to admit students regardless of their financial need. Host Michel Martin asks the President of Iowa's Grinnell College, Dr. Raynard Kington, why his school considered putting a halt to need-blind admissions.
Strong new-vehicle retail sales figures have led analysts to predict North American production will reach 16 million units in 2013 — a mark not hit since 2002. Part of the rise is due to strong demand for pickup trucks.
Strong new-vehicle sales figures are causing industry analysts to revise their forecasts for North American production levels in 2013, with J.D. Power & Associates and LMC Automotive predicting 16 million units will be produced — a mark not hit since 2002.
More than 1,157,000 new vehicles are projected to be sold in May, the third month in a row to top the 1 million level. The growth is being helped by strong demand for full-sized pickups, which represent more than 11 percent of retail sales, according to a news release from J.D. Power.
The big bank Goldman Sachs holds its annual shareholder meeting today. These meetings are a chance for shareholders to hear from the CEO and vote on key issues, like CEO's pay. Five years ago, during the financial crisis, Goldman's CEO was a poster boy for overpaid executives. To find out how much Lloyd Blankfein is making now, we reached Neil Weinberg. He's editor-in-chief of American Banker.
The IRS has admitted to targeting conservative groups seeking tax exempt status. And yesterday at a House hearing the IRS director of exempt organizations said, quote: "I have not done anything wrong." She then declined to testify. Lois Lerner's brief appearance at the committee was just the beginning of a stormy, five-hour session filled with angry outbursts and allegations of political motives.
NPR's Peter Overby reports.
PETER OVERBY, BYLINE: Lois Lerner did read a statement that she had done her job properly.
NPR's business news begins with a big payback to the Fed.
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GREENE: Three years ago President Obama's green energy loan program gave a $455 million federal loan to electric carmaker Tesla. Critics bashed the loan as risky. Yesterday, Tesla announced it had paid that loan back in full - and early. The company was one of five carmakers to get money into the program. Tesla was first to repay it. Transcript provided by NPR, Copyright NPR.
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For those who closely follow decisions made by the Federal Reserve, today's marquee event was the testimony of Fed Chairman Ben Bernanke. He appeared on Capitol Hill before the Joint Economic Committee of Congress. And some lawmakers asked Bernanke about concerns of chaos in the financial markets once the Fed stops pumping money into the economy. NPR's John Ydstie explains.
Chuck used to sell marijuana in California. But the legalization of medical marijuana in the state meant he was suddenly competing against hundreds of marijuana dispensaries. So he moved to New York, where marijuana is still 100 percent illegal. Since making the move, he says, he's quadrupled his income. (For the record: His name isn't really Chuck.)
In the nearly impenetrable language that comes with his job, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that even though the economy is doing better, the central bank needs to keep giving it a boost.