Dan Bobkoff

Media
1:17 am
Fri April 5, 2013

Is The Company Behind Rodman's Korea Visit The Future Of Media?

Vice founder Shane Smith attends the premiere screening for the MTV series The Vice Guide To Everything in New York City in December 2010. Vice's new documentary series on HBO launches Friday.
Jemal Countess Getty Images

Originally published on Fri April 5, 2013 1:17 pm

How did Dennis Rodman end up having dinner with Kim Jong Un in North Korea? It was the idea of Vice Media, which has grown from a counterculture magazine into a full-fledged youth media conglomerate.

Friday night, it premieres a documentary series on HBO, a kind of coming-out moment into the mainstream.

'I Wish We Were Weirder'

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Business
3:33 pm
Thu March 28, 2013

Farm Bill's Sugar Subsidy More Taxing Than Sweet, Critics Say

While many people enjoy sweet treats — like these chocolate bunnies — the price of a key ingredient has some people bitter. A government subsidy program is criticized for keeping sugar prices too high. But as prices fall, the government may buy sugar to help processors.
Toby Talbot AP

Originally published on Thu March 28, 2013 9:55 pm

While you indulge in some Easter Peeps and chocolates this weekend, you might want to think about all that sugar. No, this isn't a calorie warning. In the U.S., raw sugar can cost twice the world average.

Critics say U.S. sugar policy artificially inflates sugar prices to benefit an exclusive group of processors — even though it leads to higher food prices. But this year, prices fell anyway. Now, the government could be poised to use taxpayer dollars to buy up the excess sugar.

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Law
5:11 am
Wed March 20, 2013

Court:Reselling Books Bought Abroad Isn't A Copyright Violation

Originally published on Wed March 27, 2013 7:30 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with some books for resale.

(SOUNDBITE OF MUSIC)

INSKEEP: Start reading now. The Supreme Court has ruled that buying books overseas and reselling them in the United States does not violate copyright law. Yesterday's six/three decision comes as a relief to companies like eBay and Costco that resell all sorts of foreign goods.

NPR's Dan Bobkoff reports.

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Law
3:39 pm
Fri March 15, 2013

Hedge Fund To Pay More Than $600 Million In Insider Trading Settlement

Transcript

MELISSA BLOCK, HOST:

The Securities and Exchange Commission says it's the largest settlement in history for insider trading. Two affiliates of the major hedge fund SAC Capital Advisors will pay a fine of more than $600 million. But they're not admitting to any wrongdoing. Here's NPR's Dan Bobkoff.

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Business
3:36 pm
Mon March 11, 2013

Betting Site Intrade Shuts Down Under Mysterious Circumstances

The online betting market Intrade has shut down. Intrade allowed customers to wager on the outcome of events such as presidential elections. The company says all betting is on hold until it can investigate possible financial irregularities.

Business
2:48 am
Fri March 8, 2013

Ally Financial Only Big Bank To Fail Fed's Test

Originally published on Fri March 8, 2013 9:50 am

Transcript

STEVE INSKEEP, HOST:

Some other news. The country's biggest banks are in much better shape than before the financial crisis, at least according to the Federal Reserve's third round of so-called stress tests.

NPR's Dan Bobkoff reports.

DAN BOBKOFF, BYLINE: The tests simulate a nightmare scenario: How would the banks fare if unemployment topped 12 percent, stock prices were cut in half and housing values fell 20 percent? We all know what happened five years ago when a crisis was more than hypothetical.

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Business
3:01 am
Wed March 6, 2013

Martha Stewart Testifies About J.C. Penney Deal

Originally published on Wed March 6, 2013 9:18 am

Martha Stewart took the stand Tuesday in a lawsuit that involves her company Martha Stewart Living Omnimedia, Macy's and J.C. Penney Co. Macy's is suing J.C. Penney and Stewart's company for breach of contract.

Your Money
1:41 am
Wed February 27, 2013

Americans Earn More Than Their Parents (With A Caveat), Study Says

Originally published on Wed February 27, 2013 5:54 am

Most Americans are earning more money than their parents, according to a new study from Pew's Economic Mobility Project. But those gains don't tell the whole picture.

Let's start with the good news. The Pew Charitable Trust study looked at actual pairs of children and parents. Around age 40, 83 percent of the children were earning at least a thousand bucks more than their parents were when they were 40.

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Economy
3:53 pm
Mon February 25, 2013

Too Soon To Blame Payroll Tax For Stagnant Retail Sales?

Wal-Mart is one of several large retailers that say an increase in the payroll tax may hurt U.S. sales in the months ahead.
Daniel Acker Bloomberg via Getty Images

Originally published on Mon February 25, 2013 5:23 pm

For Darden Restaurants, the company behind Olive Garden and Red Lobster, its earnings projections out last week were not pretty. Sales will fall, it said, and company CEO Clarence Otis called higher payroll taxes a "headwind."

After a two-year tax break, the payroll tax, which funds Social Security payments, went back up to 6.2 percent on Jan. 1. The 2-percentage-point increase is an extra $80 a month in taxes for someone earning $50,000 a year.

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Business
2:41 pm
Wed February 20, 2013

For The Publicly Traded, Going Private Can Be Risky Business

Dell's founder and another tech company have announced plans to take the computer giant private. While companies can benefit from withdrawing from the stock market, there are potential pitfalls as well.
Paul Sakuma AP

Originally published on Wed February 20, 2013 4:11 pm

It's been a busy month for corporate America.

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U.S.
2:20 pm
Mon February 18, 2013

What Happens When Someone Else Gets Your Tax Refund

Todd Macy, a banker from Marin County, Calif., was the victim of identity theft. Nearly a year after filing his return, he's still waiting for his federal tax refund.
Courtesy of Todd Macy

Originally published on Mon February 18, 2013 4:27 pm

If you usually wait until April to file your taxes, you might want to hurry up — before identity thieves beat you to it. Using stolen names and Social Security numbers, these criminals file fake tax returns with false wage and withholding information. This generates big — and fraudulent — refunds, before the real taxpayer gets around to filing.

The Internal Revenue Service says it's busy working to combat what prosecutors call a fraud epidemic.

Most taxpayers don't have any idea something is wrong until they hit the send button on their taxes and get an error message.

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Business
4:12 am
Fri February 15, 2013

How Will Proposed Merger Affect Airline Passengers?

Originally published on Fri February 15, 2013 6:39 am

Conventional wisdom says fewer airlines mean higher fares and fewer flights. But experts say the American Airlines-U.S. Airways proposed merger is a mixed bag. Past mergers haven't led to significantly higher fares, but will this time be different?

NPR Story
3:27 am
Wed February 6, 2013

Feds Bust Huge Credit Fraud Ring

Originally published on Wed February 6, 2013 8:51 am

Transcript

STEVE INSKEEP, HOST:

We're also tracking a story that federal authorities call one of the biggest credit card fraud rings in U.S. history. Eighteen people are alleged to have created an elaborate web of fake identities and sham companies to steal hundreds of millions of dollars.

NPR's Dan Bobkoff has more.

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All Tech Considered
1:23 am
Mon September 24, 2012

Employee Shopping: 'Acqui-Hire' Is The New Normal In Silicon Valley

A Google logo is seen through windows of Moscone Center in San Francisco during Google's annual developer conference, Google I/O, in June. Google is one of several major tech companies known for the "acqui-hire."
AFP AFP/Getty Images

Originally published on Tue September 25, 2012 7:08 am

Tech companies like Google, Facebook and Zynga are on a shopping spree. They're buying small startups with innovative products and apps. But, many times, the tech giants don't care about what the small companies were producing. They just want the engineers.

There's a new name for these deals: the "acqui-hire," and it could mean the end to your favorite app.

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