Nick Saban confirms he and a partner are working to open a Mercedes-Benz dealership in the Birmingham area. Al.com reports the Alabama football coach said a statement Monday he's "honored to join the Mercedes family" and "extremely excited" about the business venture planned for Irondale.
We occasionally get postcards from our international correspondents who report and live in various spots around the world. NPR's Philip Reeves is based in Pakistan where violence has killed tens of thousands of people in recent years. Philips says some in the capital, Islamabad, to find ways to escape the pressure.
PHILIP REEVES, BYLINE: Islamabad can sometimes seem surprisingly tranquil. My house is a short drive from Parliament and the Supreme Court. The foothills of the Himalayas aren't so far away.
It's MORNING EDITION, from NPR News. I'm Renee Montagne.
DAVID GREENE, HOST:
And I'm David Greene. Good morning.
The cost of health care in this country seems to be coming under control. Health care spending, while still on the rise, has increased at historically levels the last few years, which makes you wonder: Why aren't we feeling it?
NPR's business news starts with the Bank of Japan.
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MONTAGNE: This morning, Japan's Central Bank doubled incentives it offers to banks in an effort to encourage more lending. The move is meant to weaken the yen, which would make Japanese goods more affordable - in turn, encouraging Americans and Chinese to buy those goods.
When CVS announced it would stop selling tobacco products later this year, industry experts predicted that other drugstore chains might follow suit - which makes you wonder if this means more business for other places that sell cigarettes.
Reporter Kaomi Goetz checked in with some of the grocery stores, newsstands and other small shops in New York City.
Inside one in a series of abandoned homes along a blighted block of Detroit's Brightmoor neighborhood, filmmaker Tom McPhee walks through the remnants of a life — broken furniture, scattered knickknacks and a flooded basement.
"This is fresh water that's coming into the basement here," McPhee points out. "All of that plumbing has been ripped away 'cause someone found a value in it, so they don't care that it's running. This is all over the city."
So far this year, retail chains have announced some heavy cuts. J.C. Penney said it would close 33 stores. Macy's said it would lay off 2,500 workers. Sears will close its flagship Chicago store in April.
That's creating a glut of excess space. But that's just one of several forces changing the face of retail.
Porn has a distinct problem that less racy media companies don't have: Users are afraid of leaving a digital record. Paid sites are trying to lure viewers out of the shadows and into credit card payments.
Horst Rechelbacher died over the weekend at age 72 at his farm in Wisconsin. He was diagnosed with pancreatic cancer three years ago. Aveda was among the first to use organic ingredients for hair and skin.
Gold has reached a price of more than $1,300 an ounce — the highest since early November. Gold is up 10 percent this year after a 28 percent drop in 2013. Silver has posted even greater gains – it's up 12 percent.
This week, a federal judge in Oklahoma is considering whether a particular drug used to carry out lethal injections amounts to cruel and unusual punishment. The drug in question is prepared by a compounding pharmacy, a business that's asked to mix specific drugs - in this case, with the intention of executing a prisoner. David Miller of the International Academy of Compounding Pharmacists says this is not a service they're eager to provide.
Electronic cigarettes are often billed as a safe way for smokers to try to kick their habit. But it's not just smokers who are getting their fix this way. According to a survey published by the Centers for Disease Control and Prevention, 1 in 5 middle school students who've tried one say they've never smoked a "real" cigarette. And between 2011 and 2012, e-cigarettes doubled in popularity among middle and high school students.
A plan by Remington Outdoor Co. to open a plant in Huntsville that could employ thousands of workers has won the support of Republican Sen. Jeff Sessions. In a statement Sunday, Sessions said his office warmly welcomes the firearms manufacturer, and looks forward to the company's long-term success in the area. The company also makes ammunition and accessories. Sessions says the company's decision to open a plant in Huntsville "is great news and a further testament to the world class workforce" in the city. Although Remington officials haven't officially announced the deal, Gov.