Business & Education

The Two-Way
8:12 am
Thu February 6, 2014

GM Posts Disappointing Fourth-Quarter Earnings

The new 2015 GMC Canyon midsize truck was on display last month the 2014 North American International Auto Show in Detroit.
Bill Pugliano Getty Images

Originally published on Thu February 6, 2014 11:51 am

General Motors posted a weaker-than-expected fourth-quarter profit on Thursday amid disappointing sales, especially outside the U.S.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the same quarter a year ago. Analysts polled by Thomson Reuters had expected 88 cents a share.

According to Reuters:

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The Two-Way
7:57 am
Thu February 6, 2014

Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?

The scene at a Hiring Our Heroes job fair for veterans last month in Washington, D.C.
Mark Wilson Getty Images

Originally published on Thu February 6, 2014 9:48 am

There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.

That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:

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Business
7:13 am
Thu February 6, 2014

Satya Nadella Replaces Microsoft's Retiring CEO

Originally published on Thu February 6, 2014 9:59 am

The company announced Tuesday that Nadella will replace Steve Ballmer, who announced last summer that he'd retire. Nadella, Microsoft's third CEO, has been with the company for 22 years.

Business
6:45 am
Thu February 6, 2014

U.S. Olympians Are Without Their Greek Yogurt

Originally published on Thu February 6, 2014 6:59 am

Chobani, a Team USA sponsor, has decorated its containers of Greek yogurt in honor of the Olympics. But shipments of Chobani haven't made it to Sochi. Russian officials say the company failed to complete the necessary paperwork to allow the yogurt to enter the country.

Business
6:45 am
Thu February 6, 2014

Twitter Shares Drop After Earnings Report

Originally published on Thu February 6, 2014 6:59 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a drop for Twitter.

(SOUNDBITE OF MUSIC)

MONTAGNE: The social media company announced its first earnings report since becoming a publicly traded company, and the news is not good. Twitter's stock price 17 percent in the last quarter. This change is due largely to a sharp decline in new users. Only one million U.S. users were added in the final months of 2013. Transcript provided by NPR, Copyright NPR.

Business
4:18 am
Thu February 6, 2014

CVS Caremark Drops Tobacco, Wants To Be Your Health Provider

Originally published on Thu February 6, 2014 6:59 am

Smokers are shrugging off the announcement that CVS will stop selling tobacco products. The company announced the move on Wednesday as part of a strategy to promote healthy choices. But more than half of cigarettes are sold at gas stations, so the company's decision is unlikely to have much of an impact on access to tobacco.

Sports
4:16 am
Thu February 6, 2014

David Beckham Wants Miami To Embrace Soccer

Originally published on Thu February 6, 2014 6:59 am

Soccer star David Beckham is bringing a Major League Soccer team to Miami. He made the announcement on Wednesday in downtown Miami, not far from a site he and his partners are looking at for a stadium. Miami, however, is a city where Major League Soccer has tried — and failed-- before.

Business
4:16 am
Thu February 6, 2014

Regulators Examine Allegations Of Currency Manipulation

Originally published on Thu February 6, 2014 6:59 am

Transcript

DAVID GREENE, HOST:

New York State regulators are looking into allegations of currency manipulation by traders at more than a dozen big banks. This effort is part of a global investigation into foreign exchange practices that's already cost several traders their jobs.

RENEE MONTAGNE, HOST:

NPR's Jim Zarroli reports.

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Economy
3:23 am
Thu February 6, 2014

Reining In Health Care Costs Key To Trimming Deficit

Originally published on Thu February 6, 2014 12:47 pm

The Congressional Budget Office earlier this week said this year's deficit is likely to be about one-third the size it was in 2009, when the Great Recession bottomed out. A recovering economy is the main reason for the deficit's improvement, but moderating health care costs have also contributed.

Harvard economist and health policy specialist David Cutler says getting the federal government's finances under control is all about health care.

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Business
2:22 am
Thu February 6, 2014

Amtrak Fights Big Oil For Use Of The Rails

Amtrak trains on the Empire Builder route, which stops in Williston, N.D., have been facing long delays.
Shannon Stapleton Reuters/Landov

Originally published on Thu February 6, 2014 11:03 am

Oil business in North Dakota is creating some big headaches for Amtrak travelers. Trains on the popular Empire Builder route between Chicago and the Pacific Northwest are often delayed for hours.

One reason for the congestion is an influx of trains hauling crude oil across the Northern Plains.

The delays are becoming so bad that a passenger group now wants the U.S. transportation secretary to intervene.

Frozen Before Ice Fishing

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The Two-Way
4:34 pm
Wed February 5, 2014

Antitrust Settlement With EU Calls For Google To Tweak Results

European Commission

Part of an antitrust agreement with the European Union regulators, Google has agreed to tweak its search results in Europe.

The search giant has agreed that when a user searches for a product, for example, the search results of its rivals — Amazon, let's say — will be displayed along with those of advertisers paying Google for prominent space.

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All Tech Considered
3:44 pm
Wed February 5, 2014

What Bill Gates' New Role Could Mean For Microsoft

As Satya Nadella becomes the new CEO of Microsoft, company founder Bill Gates is moving from chairman to "technology adviser."
Bebeto Matthews AP

Originally published on Wed February 5, 2014 9:23 pm

Microsoft co-founder Bill Gates is stepping down as chairman of its board and into a new role, which the company is calling "technology adviser." The change comes as a new CEO — Satya Nadella — takes the helm. Gates says he will actually be spending a little more time at Microsoft. Microsoft watchers say if he manages his new role well, it will be good for the company.

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Business
3:44 pm
Wed February 5, 2014

For CVS CEO, Tobacco Decision Reflects Health Care Priorities

Originally published on Wed February 5, 2014 9:23 pm

CVS CEO and President Larry Merlo joins Audie Cornish to discuss his company's big decision to eventually discontinue its sales of tobacco products. The decision didn't simply make headlines on Wednesday; it could also signal a shift in plans for the pharmacy giant's future.

Business
3:44 pm
Wed February 5, 2014

Drug Store Plans To Rid Its Shelves Of Tobacco Products

Originally published on Wed February 5, 2014 9:23 pm

The pharmacy giant CVS plans to eliminate cigarettes and other tobacco products from its stores by October. The company says it made the decision because the drug store business is changing and that selling cigarettes is no longer consistent with its mission. Medical experts and the White House hailed the move. NPR's Yuki Noguchi reports.

The Two-Way
3:28 pm
Wed February 5, 2014

U.S. HVAC Firm Reportedly Linked To Target's Data Security Breach

Hackers who broke into Target's computer network and stole customers' financial and personal data used credentials that were stolen from a heating and air conditioning subcontractor in Pennsylvania, according to digital security journalist Brian Krebs.

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