Business

Business
2:47 am
Tue September 24, 2013

In Vermont, During Fall, Money Grows On Trees

Originally published on Tue September 24, 2013 7:13 am

Transcript

STEVE INSKEEP, HOST:

OK, it's getting a bit colder in many areas of the country. We've got those brisk mornings and chilly evenings. Great weather. Football weather for many of us. For many state tourism offices, of course, it means gearing up for a lucrative time of year known as foliage season. Travelers can use websites and apps to learn where and when fall colors are supposed to be the most brilliant. And predicting that in Vermont is serious business.

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Business
1:58 am
Tue September 24, 2013

When It Comes To Businesses, How Big Is Small?

iStockphoto.com

Originally published on Wed October 16, 2013 2:41 pm

First in a series about small businesses in America.

Small businesses are celebrated and exalted as the hard-working, most deserving members of the political economy. They get tax breaks, and they're touted as the engines of job creation.

But a basic question: What is a small business? It turns out there is no one definition.

Classifications Of Small

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The Two-Way
12:43 am
Tue September 24, 2013

Burger King: Customers Can Have Their Fries And Eat Them, Too

Originally published on Tue September 24, 2013 10:41 am

The world's No. 2 hamburger chain is rolling out lower fat, lower calorie french fries Tuesday.

Burger King says it hopes its Satisfries will attract health-conscious customers who have cut back on fries.

A small order of the new crinkle-cut fries has 270 calories, compared with 340 calories for a small order of regular fries.

Executives at the company say that except for the shape, customers won't be able to tell that Satisfries are lower in calories.

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The Two-Way
4:48 pm
Mon September 23, 2013

Former Exec, 77, Says He Earns His Old Hourly Rate In A Week

Originally published on Mon September 23, 2013 5:56 pm

A former advertising executive's story of relying on two part-time jobs to help him get by during retirement is attracting attention and impassioned comments at Bloomberg News.

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All Tech Considered
3:38 pm
Mon September 23, 2013

Fake Reviewers Get Zero Stars From New York Attorney General

Some reputation management companies required that its writers have a certain number of Yelp friends. Yelp says it welcomed the New York attorney general's crackdown on fake reviewers.
iStockphoto.com

Originally published on Wed September 25, 2013 10:04 am

No doubt most of you reading this post have looked at Yelp or Google+ Local to check the user reviews before you tried that fish store, bakery or even dentist. On occasion, you may have wondered if some of those reviews were too good to be true.

It turns out that some of them were.

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Business
3:38 pm
Mon September 23, 2013

New Rules Allow Companies To Advertise For Dollars

Originally published on Mon September 23, 2013 6:38 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Someday soon you'll see a new kind of advertising on TV and the Internet. A federal law went into effect today allowing private companies to solicit investors for the first time. The new rules are supposed to make it easier for startup companies to raise money. But NPR's Jim Zarroli reports they could also generate more fraud.

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Business
3:38 pm
Mon September 23, 2013

BlackBerry Agrees To Sell Itself For $4.7 Billion

Originally published on Mon September 23, 2013 6:38 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

I'm Robert Siegel, and it's time now for All Tech Considered.

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The Two-Way
3:37 pm
Mon September 23, 2013

Costa Concordia Captain Blames Crash On Helmsman

Originally published on Mon September 23, 2013 4:46 pm

The captain of the Costa Concordia says the helmsman of the ill-fated cruise liner failed to properly execute a last-minute corrective maneuver that could have kept the massive vessel off a rocky shoal near the coast of Tuscany.

Capt. Francesco Schettino, who is charged with manslaughter in the deaths of 32 people aboard the ship, which ran aground on Jan. 13, 2012, is also accused of abandoning the liner's 4,200 passengers and crew on the night of the wreck.

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The Two-Way
3:34 pm
Mon September 23, 2013

Online Review-Rigging Firms To Pay Fines In Yogurt Shop Sting

A sting operation involving a Brooklyn yogurt shop was part of an investigation by New York's attorney general that found companies had flooded ratings websites with fake consumer reviews.
iStockphoto.com

Originally published on Mon September 23, 2013 5:50 pm

The practice of writing fake online reviews has landed 19 companies in hot water in New York, where the attorney general announced penalties Monday over what he says are attempts to manipulate consumers.

Attorney General Eric T. Schneiderman says the companies will pay more than $350,000 in fines after an investigation found that firms "had flooded the Internet with fake consumer reviews on websites such as Yelp, Google Local, and CitySearch," according to a press release from his office.

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The Two-Way
11:34 am
Mon September 23, 2013

Apple Sells 9 Million New iPhones In Opening Weekend

Apple says it has sold 9 million iPhone 5s and 5c models since their launch on Friday. Here, staff members at an Apple retail store in Beijing cheer a customer after he bought a new iPhone.
Andy Wong AP

Originally published on Mon September 23, 2013 1:29 pm

Sales of its new iPhone 5s and 5c models have surpassed other iPhone releases and exceeded initial supply, Apple says. The company says it has sold 9 million of the phones since their launch on Friday and that "many online orders" will ship in coming weeks.

"This is our best iPhone launch yet — more than nine million new iPhones sold — a new record for first weekend sales," Apple CEO Tim Cook said in a Monday press release. He added that "while we've sold out of our initial supply of iPhone 5s, stores continue to receive new iPhone shipments regularly."

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The Two-Way
8:33 am
Mon September 23, 2013

$3.9 Billion U.S. Defense Contract Includes Missiles For UAE

A photo provided by Lockheed Martin shows a test of its THAAD missile interceptor system. The Pentagon has awarded a contract worth more than $3.9 billion for the system.
Lockheed Martin

Originally published on Mon September 23, 2013 1:11 pm

The U.S. Defense Department has awarded a rich military contract to Lockheed Martin, agreeing to pay more than $3.9 billion for a missile-defense system. The deal calls for a maximum of 110 high-altitude interceptor missiles for the United States, and 192 versions of the missiles for export to the United Arab Emirates.

Update at 2:30 p.m. ET: Number Of Missiles Adjusted

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The Two-Way
6:34 am
Mon September 23, 2013

No Way, Man! Last VW Bus To Soon Roll Off Assembly Line

Enio Guarnieri of Sao Paulo, Brazil, in his 1972 Volkswagen. Soon, the last of the vans will be made in a nearby factory.
Andre Penner AP

Originally published on Mon September 23, 2013 7:00 am

We just tripped over some news that's got us a bit bummed out:

The last Volkswagen "hippie bus" is due to roll off an an assembly line in Brazil on Dec. 31.

It seems the van that became known as the transportation of choice for counter-culture folks in the '60s can't be made with the air bags and other safety equipment that "the man" wants it to have.

So Volkswagen is ending production in the last place where the van's still made; a factory near Sao Paulo.

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Movies
4:12 am
Mon September 23, 2013

Disney Experiments With 2-Screen Experience Involves iPads

Originally published on Tue September 24, 2013 3:35 pm

Transcript

DAVID GREENE, HOST:

I don't know about you, but I'm a little troubled when I hear about people who watch multiple screens. You know what I'm talking about. Maybe you're watching a movie at home while live tweeting, or while keeping track at a ballgame. At least movie theaters are a sacred space, immune to these changes.

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Business
3:25 am
Mon September 23, 2013

Wonder Bread To Reappear On Grocers' Shelves

Originally published on Mon September 23, 2013 8:35 am

After a 10 month hiatus, Wonder Bread is back and it could be on store shelves in some areas on Monday. Production of the bread stopped when Hostess went out of business.

Economy
3:20 am
Mon September 23, 2013

A Check On The Global Economy With IMF Head Lagarde

Originally published on Mon September 23, 2013 8:35 am

Transcript

STEVE INSKEEP, HOST:

The International Monetary Fund has played a pivotal role in responding to the global financial crisis. The IMF has almost 200 member countries, and the organization helps to keep their economies growing, or at least stable. Christine LaGarde heads the IMF.

DAVID GREENE, HOST:

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Business
2:51 am
Mon September 23, 2013

Moms Sell Healthy Lunches For Kids At School

Originally published on Mon September 23, 2013 8:35 am

Stephanie Rubin and Ingrid Calvo are two New York-based moms who think American school lunches leave a lot to be desired. So they started a delivery business in Manhattan called Inboxyourmeal com. For $10, they'll deliver healthy, chef-prepared meals to students in their delivery area.

Business
2:51 am
Mon September 23, 2013

'House Of Cards' Wins Emmy's Director Award

Originally published on Mon September 23, 2013 8:35 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news includes a first for Internet TV.

The video streaming service Netflix claimed a victory at the Emmy Awards last night. David Fincher took the Best Director prize for his work on the political drama "House of Cards;" the first time an online video distributor won in a major category.

The Salt
1:35 am
Mon September 23, 2013

Got Baguettes? Bakers' Lobby Tells France To Eat More Bread

Baguettes head into a giant oven at Le Grenier a Pain Bakery.
Eleanor Beardsley NPR

Originally published on Mon September 23, 2013 9:32 am

The French, it seems, aren't eating bread the way they used to. The average French person consumes just half a baguette a day, down from a full baguette 40 years ago.

Those statistics worry the French bakers' lobby, the Observatoire du Pain.

Bernard Vallius, who heads the group, says it used to be that people ate a sit-down lunch and dinner with family or friends every day. Now people — especially the young and those who live in cities — eat sandwiches or skip lunch altogether and snack, he says.

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Economy
2:55 pm
Sat September 21, 2013

Stuck In Poverty Amid Signs Of Recovery

Food distributed by the Manna Food Center is packed in cardboard boxes to be loaded into clients' cars.
Chloe Coleman NPR

Originally published on Sat September 21, 2013 3:45 pm

For the third year in a row, the poverty rate has remained stuck at about 15 percent. Nearly one in six Americans was living in poverty in 2012, according to a new report by the Census Bureau. Despite a slow-moving economic recovery, these latest numbers show that for poor Americans, there are few signs of any recovery.

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Politics
5:46 am
Sat September 21, 2013

What's Next In The Congressional Budget Showdown?

House Speaker John Boehner, R-Ohio, speaks at a Republican rally Friday after the House passed a measure that would temporarily fund the government while crippling President Obama's health care law. The Senate is not expected to follow suit.
J. Scott Applewhite AP

Originally published on Sat September 21, 2013 9:34 am

The House has passed a stopgap spending bill that would keep the government open through Dec. 15. It passed almost entirely along party lines: In addition to funding the government, it calls for defunding of the Affordable Care Act.

The White House has said President Obama would veto the bill, were it to come to his desk in this form. And it most likely won't. Democrats, who control the Senate, won't pass a bill that defunds Obamacare.

Which raises the question, now what?

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The Salt
3:28 am
Sat September 21, 2013

Trader Joe's Ex-President To Turn Expired Food Into Cheap Meals

Doug Rauch wants to take wholesome food that grocers have to throw away and cook and sell it as low-cost, prepared meals.
Bunnyhero Flickr

Originally published on Thu September 26, 2013 3:18 pm

Here's some food for thought: One-third of the world's food goes to waste every year. In the U.S., about 40 percent of our food gets thrown out. It's happening on the farm, at the grocery store and in our own homes.

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The Two-Way
3:31 pm
Fri September 20, 2013

BlackBerry To Slash Workforce Amid $1 Billion Loss

BlackBerry CEO Thorsten Heins officially unveils the Z10 smartphone in January.
Timothy A. Clary AFP/Getty Images

Originally published on Fri September 20, 2013 4:30 pm

BlackBerry on Friday issued an early earnings report accompanied by some bad news for its workers — a nearly $1 billion quarterly loss and a 40 percent layoff that amounts to about 4,500 employees.

The AP reports:

"The stock dropped 19 percent to $8.50 after reopening for trading. Shares had been halted pending the news.

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All Tech Considered
10:46 am
Fri September 20, 2013

Tech Week That Was: New iOS Design And Grand Theft Auto

Grand Theft Auto V raked in more than $800 million in sales in its first 24 hours on the shelves.
Mario Tama Getty Images

Originally published on Fri September 20, 2013 11:47 am

It's time for the weekly roundup of what happened here on All Tech and on our airwaves, and a look back at the big conversations in technology.

ICYMI

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The Two-Way
8:13 am
Fri September 20, 2013

Joy Covey, Who Was Key To Amazon.com's Success, Dies

Originally published on Fri September 20, 2013 8:24 am

"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.

She was 50.

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Business
2:47 am
Fri September 20, 2013

Why Companies And CEOs Rarely Admit To Wrongdoing

Originally published on Fri September 20, 2013 9:56 am

Transcript

RENEE MONTAGNE, HOST:

JPMorgan Chase will have to pay more than $900 million in fines for the way it handled the London Whale trading scandal. Last year, the company revealed that its traders in London had lost $6 billion, and then concealed the losses from executives.

While large fines aren't unusual, it is unusual that federal regulators forced the bank to admit to wrongdoing. But this is exactly what happened. NPR's Sonari Glinton has more.

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Business
2:47 am
Fri September 20, 2013

Hiroshi Yamauchi Dies At 85, Expanded Nintendo

Originally published on Fri September 20, 2013 4:58 am

In 1949, Hiroshi Yamauchi left school to take over Nintendo after his grandfather died. He made it a dominate force in the game industry. He retired as president in 2002. He died on Thursday in Japan.

Business
2:47 am
Fri September 20, 2013

Nation's Largest Mortgage Provider Downsizes

Originally published on Fri September 20, 2013 4:47 am

Wells Fargo has told 1,800 employees their services will no longer be needed in the bank's mortgage unit. The bank already cut more than 2,000 jobs in that unit last month. Wells Fargo cites lower demand for refinancing because of higher mortgage rates.

All Tech Considered
2:27 am
Fri September 20, 2013

Female Fans Love New Grand Theft Auto Despite Demeaning Content

A close view of the packaging of Grand Theft Auto V at the midnight opening at the HMV music store in London on Tuesday. It made history with a record $800 million in sales on its first day. This version continues to generate controversy over its glorification of violence, drugs and its demeaning portraits of women.
Leon Neal AFP/Getty Images

Originally published on Fri September 20, 2013 12:02 pm

Grand Theft Auto made video game history this week: The latest version of the game had a record $800 million in sales on its first day. As with past versions, the game is generating controversy over its glorification of violence and drugs and its demeaning portrayal of women.

But around 15 percent of its fans are women, who find much to like about the game, even if they do have some ambivalence about it.

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Planet Money
1:31 am
Fri September 20, 2013

Cashing In On The Fantasy-Sports Economy

Lots of fantasy managers are taking out insurance on Adrian Peterson this year.
Charles Rex Arbogast AP

Originally published on Tue September 24, 2013 2:04 pm

There's big money in fantasy sports. Last year, alone, people paid $1.7 billion to play in fantasy leagues. With all that money sloshing around, a fantasy economy has sprung up, giving rise to real businesses. Here are four of them.

The Insurance Company

Henry Olszewski founded Fantasy Sports Insurance in 2008 — the year the financial system nearly collapsed. And, more importantly, the year New England Patriots quarterback Tom Brady suffered a serious hit to the knee.

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It's All Politics
1:28 am
Fri September 20, 2013

House Nears Vote To Fund Government, Defund Obamacare

House Speaker John Boehner, R-Ohio, talks about the deadline to fund the government Thursday on Capitol Hill.
J. Scott Applewhite AP

Originally published on Fri September 20, 2013 9:18 am

The Republican-controlled House is set to vote Friday on a stopgap spending bill to keep the government open for business through the middle of December. And the White House has already said if it makes it to the president's desk, he'll veto it. That's because the bill also would defund the Affordable Care Act.

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