Business

The Two-Way
3:56 pm
Thu June 6, 2013

Justin Bieber Destined For Outer Space

Singer Justin Bieber performs during the 2013 Billboard Music Awards on May 19.
Ethan Miller Getty Images

Originally published on Thu June 6, 2013 4:32 pm

Singer Justin Bieber is the latest celebrity to score a booking on Virgin Galactic's SpaceShipTwo, destined for its first suborbital test flight sometime this year.

The Bieb and manager Scooter Braun join the likes of Ashton Kutcher, Leonardo DiCaprio and Angelina Jolie on the elite passenger list of those willing and able to pay $250,000 for a seat on Richard Branson's commercial space-flight venture.

Sir Richard tweeted the news Thursday:

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All Tech Considered
11:45 am
Thu June 6, 2013

A Day In The Life Of The Relentlessly Tracked

Today, every consumer click is an opportunity for companies to gather personal information.
David Goldman AP

Controversy is raging over a court order allowing the FBI and the National Security Agency to seize aggregate information of millions of Verizon customer phone calls.

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The Two-Way
8:31 am
Thu June 6, 2013

Microsoft, FBI Say They've Disrupted $500 Million Botnet

Buttons with the Microsoft logo are seen at a Comp USA store in 2007.
Justin Sullivan Getty Images

Originally published on Thu June 6, 2013 10:11 am

Working jointly with the FBI, Microsoft says it has disrupted a botnet responsible for stealing more than $500 million from bank accounts worldwide.

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The Two-Way
7:04 am
Thu June 6, 2013

Ahead Of Key Report, 2 Modestly Positive Signs On Jobs

The scene at a career fair in San Francisco on May 30.
Justin Sullivan Getty Images

The number of first-time claims for jobless benefits fell by 11,000 last week from the week before, the Employment and Training Administration reports. There were 346,000 such applications.

While on the positive side, the figure is still in line with the recent trend. Since late 2011, claims have basically stayed in a range from the mid-300,000s to just under 400,000.

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Business
3:19 am
Thu June 6, 2013

Business News

Originally published on Thu June 6, 2013 4:57 am

When the Transportation Security Administration recently said it was changing the rules to allow small knives and sports equipment as carry-on items on planes, that sparked an outcry over safety. The TSA is backing down and will require travelers to check those items after all.

Business
3:19 am
Thu June 6, 2013

Lenovo Holds Grand Opening For Its N.C. Assembly Plant

Johana Guardado assembles a laptop on Lenovo's new personal computer production line in Whitsett, N.C.
Leoneda Inge for NPR

Originally published on Thu June 6, 2013 6:14 am

Chinese computer maker Lenovo celebrated the opening of its first U.S. manufacturing plant in Whitsett, N.C., on Wednesday. The company is trying to boost its brand and U.S. market share. Other high-tech firms, including Motorola, have announced plans to manufacture in the U.S.

The Lenovo plant celebration was a patriotic affair. A large sign was on display featuring the American flag and the words "Assembled in the U.S."

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Business
3:19 am
Thu June 6, 2013

Amazon To Expand Grocery Delivery Service

Originally published on Thu June 6, 2013 4:38 am

Currently, Amazon.com only offers food delivery in Seattle, where the company is based. Food goes bad fast and it's hard to make a profit. But slim profit margins are what have made Amazon a juggernaut.

Business
3:19 am
Thu June 6, 2013

The Last Word In Business

Originally published on Thu June 6, 2013 5:02 am

Detroit's Masonic Temple Theatre was headed to foreclosure until an anonymous donor paid off its $142,000 in back taxes. That donor is now revealed: former White Stripes singer Jack White. He has performed there nine times and hung out there as a kid. His mom was an usher.

National Security
3:19 am
Thu June 6, 2013

NSA Collects Verizon Customers' Records

Originally published on Thu June 6, 2013 4:12 am

The National Security Agency is collecting the phone records of millions of Americans for three months. The news was first reported by the Guardian newspaper. The request for the records was placed with a special intelligence court days after the Boston bombings.

Business
3:19 am
Thu June 6, 2013

Is Obamacare Hurting Hiring By Small Businesses?

Originally published on Thu June 6, 2013 4:05 am

The Affordable Care Act, which has become known as Obamacare, will require small businesses with 50 or more employees to offer health care coverage to their workers. Some have suggested that could be discouraging hiring by small businesses.

Politics
3:19 am
Thu June 6, 2013

Obama To Push Jobs, Education At N.C. Middle School

Originally published on Thu June 6, 2013 4:49 am

Transcript

LINDA WERTHEIMER, HOST:

President Obama travels to Mooresville, North Carolina today. He'll highlight the town's middle school and its focus on technology and digital learning. It's part of what the White House is calling the president's Middle Class Jobs and Opportunity Tour. Jobs and education are big issues for younger voters, one of the most sought after demographics for both parties.

NPR's Mara Liasson reports.

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Business
3:16 pm
Wed June 5, 2013

Komen Cancels Charity Races In Several Cities

Originally published on Wed June 5, 2013 4:19 pm

One of the foremost breast cancer charities, the Susan G. Komen foundation, has canceled important fundraising walks in Washington, D.C., and other major cities next year.

Business
3:16 pm
Wed June 5, 2013

Amazon Faces Tough Sell As Online Grocer

Originally published on Wed July 3, 2013 8:26 pm

Transcript

AUDIE CORNISH, HOST:

After conquering the online department store model, Amazon is eyeing an expansion into the world of grocery shopping. The company has been testing out an online grocery called AmazonFresh in Seattle. Today, there are reports that Amazon plans to expand to other cities around the country. But the business landscape is littered with the graves of online grocers who didn't make it. Remember Webvan? No? That's OK.

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The Salt
3:12 pm
Wed June 5, 2013

Amazon's Grocery Delivery: A Trojan Horse To Get In Your Door

Amazon has been testing its AmazonFresh delivery service in the Seattle area since 2007.
Joe Nicholson AP

Originally published on Wed June 5, 2013 5:16 pm

Amazon already delivers everything from toothpaste to televisions to your doorstep. Now, it wants to bring your berries and beer, too.

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Economy
10:46 am
Wed June 5, 2013

Toledo, Ohio: Chinese Investment Wanted

Originally published on Wed June 5, 2013 1:54 pm

Mayor Michael Bell hopes Chinese investment will help revive his blue-collar city. He helped broker a deal to sell a chunk of Toledo's waterfront to Chinese investors. Host Michel Martin and Mayor Bell discuss investments with China and what he thinks President Obama and China President Xi Jinping can accomplish during their U.S. visit.

Business
10:46 am
Wed June 5, 2013

Hollywood Wants A Piece Of The Action In China's Movie Market

Originally published on Wed June 5, 2013 1:54 pm

Box office receipts in China reached new highs last year, and American filmmakers want to tap into that market. Host Michel Martin speaks with Los Angeles Times reporter John Horn, about the growth of the Chinese movie market, and how Hollywood plans to cash in.

The Two-Way
9:09 am
Wed June 5, 2013

Chrysler 'Puts Reputation At Risk' By Rejecting Recall

Mike Blake Reuters /Landov

Originally published on Wed June 5, 2013 10:47 am

As The Associated Press writes, "a defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision."

The Detroit Free Press says the company has "put its reputation for safety and quality on the line" by initially saying "no" to the National Highway Traffic Safety Administration's request.

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Business
7:40 am
Wed June 5, 2013

Jobs Outlook Is Brighter For Class Of 2013

Graduates of Bowie State University wave to friends and family at the school's graduation ceremony in College Park, Md., on May 17. This year's graduates are finding better job prospects than at any time since 2008.
Chip Somodevilla Getty Images

Originally published on Wed June 5, 2013 7:54 am

For the last five years, graduation day has been as much a time for apprehension as for celebration.

Even now, with the Great Recession over, many recent graduates are still struggling to turn their high school and college diplomas into tickets for a better life. The unemployment rate for Americans under age 25 remains more than double the overall rate of 7.5 percent.

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The Two-Way
7:26 am
Wed June 5, 2013

Job Growth Stayed Slow In May, Report Signals

The scene at a jobs fair in Gainesville, Fla., on April 27.
Matt Stamey Gainesville Sun /Landov

Originally published on Wed June 5, 2013 8:04 am

There were 135,000 jobs added to private employers' payrolls in May, according to the latest ADP National Employment Report, which was released Wednesday morning.

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The Two-Way
6:59 am
Wed June 5, 2013

British Phone Hacking Scandal: Rebekah Brooks Pleads Not Guilty

Rebekah Brooks, left, the former Chief Executive of News International, and her husband Charlie Brooks leave Southwark Crown Court on Wednesday in London, England.
Peter Macdiarmid Getty Images

Originally published on Wed June 5, 2013 11:04 am

Rebekah Brooks, the former News International chief executive and former top editor at the tabloid News of the World, pleaded not guilty to five charges related to the phone hacking scandal that has rocked England.

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Business
4:03 am
Wed June 5, 2013

The Last Word In Business

Originally published on Wed June 5, 2013 8:58 am

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Business
4:03 am
Wed June 5, 2013

Business News

Originally published on Wed June 5, 2013 7:20 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a big no from Chrysler.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Detroit automaker is taking the unusual step of defying the government by refusing to recall some 2.7 million of its vehicles. Federal safety officials say 1993 to 2004 Jeep Grand Cherokees and the 2002 to 2007 Jeep Liberties are dangerous and should be taken off the road. The National Highway Traffic Safety Administration says rear-mounted gas tanks in those vehicles are vulnerable to leaking and catching fire in rear-end collisions.

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Business
4:03 am
Wed June 5, 2013

U.S. Trade Commission Rules Apple Violated Samsung Patents

Originally published on Wed June 5, 2013 7:20 am

Transcript

LINDA WERTHEIMER, HOST:

Apple could face problems with some of its older models of iPhones and iPads in the U.S. This, after the U.S. Trade Commission ruled yesterday that the devices violated a patent owned by Apple's archrival, Samsung.

The ruling is unlikely to have a big impact on Apple's earnings. But as NPR's Steve Henn reports, the decision raises more questions about how the U.S. patent system can be used.

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Business
4:03 am
Wed June 5, 2013

Report: IRS Fails To Track Many Conference Expenses

Originally published on Wed June 5, 2013 7:20 am

Transcript

LINDA WERTHEIMER, HOST:

Now we turn to a scathing report on expensive conferences held by the IRS. The report by the agency's own inspector general noted the IRS spent about $50 million on employee meetings between 2010 and 2012.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Some of the most egregious examples of questionable spending occurred at a 2010 gathering in Southern California. The IRS paid dearly for some lavish hotel rooms, and spent $34,000 for lodging and related expenses for employees who lived nearby.

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Business
4:03 am
Wed June 5, 2013

Halo To Leap From Computer Screens To Mobile Phones

Originally published on Wed June 5, 2013 7:20 am

Blockbuster console game franchise Halo is going to have a new installment for mobile phones. Microsoft made the announcement Tuesday. It's a confirmation of the way the gaming industry is going, away from relying on $60 console games and closer to mobile and micropayments.

Business
4:03 am
Wed June 5, 2013

Job Market Remains Challenging For 2013 Graduates

Originally published on Wed June 5, 2013 7:52 am

For the past five years, graduation day has been a time of apprehension as much as celebration. Prospects for those entering the workforce for the first time were bleak. The class of 2013 — whether from high school or college — has cause for more optimism than previous classes.

Dollar For Dollar: Adventures In Investing
1:24 am
Wed June 5, 2013

Resisting The Temptation To 'Win' When Investing

Hey mutual fund investors: Think you can beat the market? Charley Ellis, who's worked in investment management for 50 years, doubts it. That's because the fees actively managed funds charge can get expensive.
Richard Drew AP

Originally published on Wed June 5, 2013 6:17 pm

NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.

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The Two-Way
5:13 pm
Tue June 4, 2013

U.S. Trade Body Rules Apple Violated Samsung Patents

The U.S. International Trade Commission ruled Tuesday that Apple infringed on Samsung's patents in its manufacture of some older models of the iPad and iPhone, including the iPhone 4.
Paul Sakuma AP

A U.S. trade agency says Apple infringed on its Asian rival Samsung's patent in its manufacture of some older models of the iPhone and iPad.

Bloomberg reports on the order from the U.S. International Trade Commission: "It's the first patent ruling against Apple in the U.S. that affects product sales, covering models of the iPhone 4, iPhone 3GS, iPhone 3, iPad 3G and iPad 2 3G made for AT&T Inc."

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The Salt
10:40 am
Tue June 4, 2013

In Philly, Lo Mein Is Going Low Sodium

Philadelphia is training owners of Chinese takeout restaurants to cut some of the salt in menu items like lo mein.
Stephen Flood Express-Times/Landov

Originally published on Tue June 4, 2013 10:53 am

Philadelphia is training owners of Chinese takeout restaurants to cut some of the salt in their menu items.

The city is working with about 200 takeout restaurants, providing free cooking lessons and tips on adding flavor without salt. None of the restaurant owners were paid to participate in the program, which offers advice such as how to find suppliers who sell low-sodium ingredients at a reasonable price. Participants are also encouraged to limit the number of soy sauce packets they hand to customers.

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Shots - Health News
10:36 am
Tue June 4, 2013

That Employee Who Smokes Costs The Boss $5,800 A Year

A man smokes outside an office building in New York City in April. Smoking breaks cost employers almost $3,000 per year per smoking employees, a study says.
John Moore Getty Images

Originally published on Wed June 5, 2013 6:42 am

Smoking is expensive, and not just for the person buying the cigs. Employers are taking hard looks at the cost of employing smokers as they try to cut health insurance costs, with some refusing to hire people who say they smoke.

But figures on the cost of smoking have been rough estimates at best, with a very general estimate of $193 billion a year nationwide.

Researchers now say they're got much tighter focus on the number: $5,800 per smoker per year.

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