In advance of the opening ceremonies of the Winter Olympics, journalists have been arriving at Sochi area hotels. And they've immediately started complaining on Twitter about shabby or unfinished buildings.
Microsoft's new CEO Satya Nadella is part of a wave of highly educated Indian immigrants who came to America a generation ago with expectations back home that they would succeed. Nadella has done just that and more, taking the reins of one of the world's top companies.
NPR's business news starts with the restructuring of the Shack.
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INSKEEP: RadioShack, that is. The company scored big with its Super Bowl commercial - the '80s themed ad that's being called one of the night's best. But that did not help the company's bottom line. RadioShack stock prices plummeted yesterday after news it plans to close 500 stores across the nation.
Greece has historically spent an outsized amount of its budget on military equipment to protect its border with historic longtime rival, Turkey. Now an investigation into the purchase of submarines suggests that defense might not be the only reason for all that spending. The investigation exposed high-level corruption behind those arms deals.
The sheer size and frequency of the recent credit card data breaches at Target, Neiman Marcus and other companies are prompting lawmakers to consider legislative options to keep sophisticated cyberthefts from happening.
"If anything, we've learned from this major, major breach that we can no longer do nothing," said Sen. Amy Klobuchar, D-Minn. "We have to take action."
A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole personal information of tens of millions of Target customers during the holiday shopping season. The incident has underscored the increasing sophistication of cyber criminals and the vulnerability of big retailers. NPR's Jim Zarroli has more on the hearing.
Satya Nadella is just the third CEO in Microsoft's 39-year history. He's a Microsoft insider tasked with re-energizing the company and making it more relevant in a future likely to be dominated by mobile technology. As Nadella moves into his new role, he will be supported by Bill Gates, who is stepping down as chairman to become more involved with technology development.
This is a case about a bankrupt company, legal shenanigans, and a rare type of cancer.
You may have seen TV commercials about mesothelioma, mainly caused by inhaling asbestos — minerals many companies once used in insulation and other products.
According to a 2011 report from the U.S. Government Accountability Office, companies have set aside more than $30 billion for mesothelioma victims since the 1980s. Asbestos lawsuits have played a role in about 100 companies' going bankrupt.
Originally published on Wed February 5, 2014 8:43 am
Patients who undergo colon screenings might breathe a little easier now that U.S. regulators have approved a pill containing two cameras. The PillCam Colon is minimally invasive and runs on batteries, its maker says. And as you might imagine, it's disposable.
"Money from Apple, Microsoft, AT&T, Verizon, Sprint and other companies, combined with $2 billion from the Federal Communications Commission, will help connect up to 15,000 schools and 20 million students.
Originally published on Wed February 5, 2014 7:09 am
With a vote of 68-32, the Senate approved a sweeping farm bill Tuesday that will set rules and practices for American agriculture for five years. The bill does away with controversial direct cash payments made to farmers under a subsidy system, replacing it with crop insurance.
The National Institutes of Health is teaming up with major drug companies in a new effort to identify disease-related molecules and biological processes that could lead to future medicines.
The public-private partnership is called AMP, for the "Accelerating Medicines Partnership," and it will focus first on Alzheimer's disease, Type 2 diabetes, and two autoimmune disorders: rheumatoid arthritis and lupus.
After a long and closely watched CEO search, Microsoft has tapped Satya Nadella, an insider and 22-year veteran of the company. Microsoft co-founder Bill Gates is stepping down as chairman and will help Nadella shape technology and product development.
Stock investors looking for a reason to feel optimistic about the economy may have found one this morning.
A new report shows the federal budget deficit has done some mad shrinking in recent years. Thanks to spending cuts, tax hikes and a stronger economy, the deficit in this fiscal year will be only $514 billion, the nonpartisan Congressional Budget Office said Tuesday.