Business

A study published online recently in the journal Environmental Health Perspectives documented slightly elevated levels of arsenic in samples of chicken purchased at grocery stores in 10 cities in the U.S.

So how did trace amounts of this toxin end up in supermarket poultry?

Billionaire investment legend Warren Buffett's Berkshire Hathaway Inc. has had its credit rating lowered from AA+ to AA by Standard & Poor's Ratings Services.

In a statement, S&P says that even though Berkshire Hathaway has an "excellent business profile," the lower credit rating "better reflects our view of BRK's dependence on its core insurance operations for most of its dividend income." (S&P's statement is posted on its website, but you have to register to view it.)

Thursday morning's economic news:

-- There were 360,000 first-time claims for unemployment insurance last week, up 32,000 from the week before, the Employment and Training Administration says. At 360,000, the pace was the fastest since the last week of March. But it remained well below the 400,000-and-higher rate that lasted from mid-2008 into 2011.

A dozen universities are collaborating on a sort of extreme winemaking project: How cold a climate can a grape survive and still make good wine? The Northern Grapes Project is inventing wines the world has never seen before, winning wine awards and creating a new crop for struggling rural economies.

The House Agriculture Committee on Wednesday approved a sweeping farm bill that would trim the $80 billion-a-year food stamp program. The panel rebuffed Democratic efforts to keep the program whole, as debate on the farm bill turned into a theological discourse on helping the poor.

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DAVID GREENE, HOST:

NASA has announced that the three astronauts on the International Space Station were first to watch Star Trek Into Darkness. It opens in theaters on earth Thursday.

The broadcast networks are in New York this week pitching their fall TV shows to advertisers. David Greene talks with reporter Kim Masters, of The Hollywood Reporter, about the new shows and indications the industry is in decline. Masters also hosts The Business on member station KCRW.

The competition for your ears — and dollars — just got a little tougher. On Wednesday, Google launched a paid music subscription service that will put it in direct competition with other streaming services like Spotify and Pandora. The announcement may just be the beginning for Google.

A recent incident on a commercial airliner raises an interesting question: can an airline bar you from taking pictures on their plane?

Wal-Mart says it has drafted its own plan for improving safety at garment factories in Bangladesh rather than join other Western retailers in a legally binding agreement to pay for improved conditions for workers in the South Asian country.

It turns out that the desire to speak with Apple CEO Tim Cook, along with $610,000, will buy you a cup of coffee. That's the winning bid offered in a charity auction for up to an hour of Cook's time.

As we reported last month, the chance to grab coffee with Cook at Apple's headquarters zoomed past the suggested value of $50,000 set at the Charitybuzz auction site, rising to more than $600,000 in just three days.

The daily lowdown on books, publishing, and the occasional author behaving badly.

In the stodgy world of global oil, we don't hear the term revolution tossed around very often. But oil analysts are watching dramatic change take place on the supply side of the industry. Things like where the oil is coming from and who is buying it.

You know you're being tracked by marketers online. But instead of fighting it, a grad student in New York decided to sell his personal data directly.

It wasn't hard to get hold of Federico Zannier. His phone number and email are right on his website. For a couple of bucks, I could have learned a lot more about him.

As the economy improves, the federal budget deficit is growing dramatically smaller. The Congressional Budget Office has sharply revised its estimates from just a few months ago, knocking off $200 billion in red ink for the current fiscal year. Some temporary factors are being cited for the projected improvement.

Across the country, cash-strapped state and local governments are not just cutting services — they're also cutting access to courts. The tip of the iceberg may be small claims courts.

These courts, dealing with disputes involving small sums of money, are the workhorses of the judicial system. There are thousands of such courts across the country, but perhaps nowhere are they being cut more dramatically than in California.

U.S. oil production is rising sharply and increased output from shale will be a "game changer" in global energy markets in the coming years, according to a new report out Tuesday by the International Energy Agency.

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MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

There is a global race on, an odd one. Countries are competing to be the cheapest source of goods. We're not talking about low-wage countries, like China or Bangladesh. No. This is a battle between Japan and Germany and the United States. And today, the Bureau of Labor Statistics revealed the latest scores in this race.

Attorney General Eric Holder has defended the Justice Department's actions in secretly obtaining journalists' phone records as part of a probe into leaks of classified material, but said he himself had nothing to do with the subpoena.

Remember the economy?

The election year was dominated by talk about jobs and the economy, but neither the administration nor Congress seems to have any grand ideas for jump-starting a still sluggish recovery — and they're not even talking about it much.

President Obama sought to turn attention back to economic issues with a speech last week in Texas on manufacturing, but that's already long since been forgotten. A cascade of scandals has driven the issue entirely off the Washington radar.

The Dow Jones Industrial Average recently shot beyond 15,000 points for the first time ever. But to ordinary Americans, it might not seem relevant — given unemployment rates and stagnant wages. Host Michel Martin speaks with personal finance guru Alvin Hall about why the stock market matters.

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DAVID GREENE, HOST:

Our last word in business today is: Bluth's Frozen Banana Stand.

(SOUNDBITE OF TV SHOW, "ARRESTED DEVELOPMENT")

JEFFREY TAMBOR, ACTOR: (as George Bluth Sr.) There's always money in the banana stand. Don't touch me.

GREENE: The fictional banana stand was part of a running joke on the TV program "Arrested Development." and for short time it is a reality in New York City.

STEVE INSKEEP, HOST:

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STEVE INSKEEP, HOST:

NPR's business news starts with the possible breakup of Sony.

(SOUNDBITE OF MUSIC)

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STEVE INSKEEP, HOST: