Business & Education

Business
4:15 am
Wed November 27, 2013

Men's Wearhouse Goes 'Pac-Man' On Joseph A. Bank

Originally published on Wed November 27, 2013 4:25 am

The retail company Men's Wearhouse has announced it is launching a takeover battle for rival Joseph A. Bank. What makes the effort unusual is that just last month Joseph A. Bank was trying to take over Men's Wearhouse. The turnaround is an example of what Wall Street calls a Pac-Man defense.

Energy
4:15 am
Wed November 27, 2013

Drilling For Oil, Based On The Bible: Do Oil And Religion Mix?

John Brown, the head of Zion Oil & Gas, believes the Bible will help him find oil in Israel. The company, which is listed on Nasdaq, has so far spent $130 million and drilled four dry holes. Brown is shown here at one of the company's drilling rigs in Israel.
Courtesy of Zion Oil

Originally published on Wed November 27, 2013 11:44 am

They say an oilman has to be a gambler, but can he be a prophet?

Zion Oil & Gas, based in Dallas, is a publicly traded company that believes it is commanded by the Bible to search for oil in Israel, both to help the Holy Land and make money for investors. The 22 employees of Zion Oil in Texas and Israel, and many of its 30,000 investors, believe the company is on a mission from God.

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Business
2:24 am
Wed November 27, 2013

How Shopping Malls Are Adapting In An Online World

Originally published on Wed November 27, 2013 10:49 am

Traditional shopping malls took a big hit after the economic collapse. Problems at big retailers Sears and J.C. Penney — two of the biggest mall tenants — could signal even more troubles.

But malls are trying to adapt. As online shopping grows, things are getting more and more competitive out in the real world of brick-and-mortar retail.

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Parallels
2:21 am
Wed November 27, 2013

Israel Dreams Of A Future As An Oil Producer

Givot Olam CEO Tovia Luskin expects to drill 40 wells and build a pipeline to a refinery on the coast. The company already has "proven and probable" reserves of 12.5 million barrels of oil. Luskin chose where to drill based on a passage from the Bible.
Emily Harris/ NPR

Originally published on Sun December 1, 2013 7:51 am

There's an old joke that if Moses had turned right when he led Jewish tribes out of Egypt, Israel might be where Saudi Arabia is today — and be rich from oil. Consultant Amit Mor of Eco Energy says that joke is out of date.

"Israel has more oil than Saudi Arabia," he claims. "And it's not a joke."

But that oil will be difficult to reach, if it can be recovered at all. The oil he's talking about is not yet liquid but is trapped in rocks underground.

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Shots - Health News
2:20 am
Wed November 27, 2013

To Changing Landscape, Add Private Health Care Exchanges

www.delightimages.com iStockphoto

Originally published on Wed November 27, 2013 10:30 am

We've been reporting a lot lately on the troubled rollout of President Obama's signature health care law. But at the same time, there are rumblings of a major shift in the way companies offer private health insurance to workers.

It involves what are called "private health care exchanges." These are similar to — but completely separate from — the public exchanges you've heard so much about.

Some experts say this new approach soon could change how millions of Americans receive their health care.

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Business
4:56 pm
Tue November 26, 2013

The Stock Market Loves The Fed For Now, But Can It Last?

The Dow Jones industrial average closed above 16,000 for the first time last week.
Spencer Platt Getty Images

Originally published on Tue November 26, 2013 5:32 pm

Major stock indexes have shot to record highs in the U.S. this year, gaining more than 20 percent, and yet economic growth remains at disappointing levels. A lot of analysts believe the stimulus efforts by the Federal Reserve are behind the stock boom and a possible bubble.

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Media
3:51 pm
Tue November 26, 2013

Report: Humane Association Covered Up Animal Abuse On Hollywood Sets

Originally published on Tue November 26, 2013 4:56 pm

An investigation by The Hollywood Reporter alleges that the American Humane Association has tried to cover up instances of animal abuse and deaths on Hollywood sets. Melissa Block talks with Gary Baum, a senior writer for the magazine who reported the story.

Media
3:51 pm
Tue November 26, 2013

CBS Puts Lara Logan On Leave After Review Of Flawed Benghazi Report

Originally published on Wed November 27, 2013 7:42 am

Transcript

AUDIE CORNISH, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

An internal review of a report that aired on CBS' "60 Minutes" about the attack on the U.S. consulate in Benghazi, Libya, reached damning conclusions. Now, Laura Logan, the CBS correspondent who reported that story, and her producer are taking leaves of absence at management's request.

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The Two-Way
1:44 pm
Tue November 26, 2013

After Internal Review On Benghazi Report, CBS Puts Logan On Leave

Originally published on Wed November 27, 2013 8:09 am

CBS has asked 60 Minutes correspondent Lara Logan to take a leave of absence, along with her producer, after her recent story on the deadly 2012 attack on the U.S. Consulate in Benghazi, Libya, was found to have multiple flaws. An internal report also found broader failings in how the news division handled the story. A summary of the report's findings was obtained by NPR on Tuesday.

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The Two-Way
11:48 am
Tue November 26, 2013

Jury Orders Newegg To Pay $2.3 Million In 'Patent Troll' Case

Originally published on Tue November 26, 2013 4:47 pm

The online retailer Newegg has lost a patent case centering on Web encryption, after a Texas jury rejected its argument that a claim from the company TQP Development was invalid. The jury ordered Newegg to pay $2.3 million — less than half the damages TQP had sought.

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Monkey See
11:39 am
Tue November 26, 2013

Katie Couric And Yahoo!: Two Brands Wondering What's Next

Katie Couric made her name on NBC's Today show, which she hosted for 15 years. Since leaving the network in 2006, Couric has anchored CBS Evening News and launched her own daytime talk show on ABC, Katie.
Ida Mae Astute AP

Originally published on Tue November 26, 2013 4:56 pm

Depending on which analyst you read, Katie Couric's move to become "global anchor" for Yahoo! News is either a "bad bet" and an "awkward fit," or an "upheaval in the pecking order" that could "signal the end of old media dominance."

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The Two-Way
11:27 am
Tue November 26, 2013

Supreme Court Will Hear New Challenge To Health Law

The Supreme Court has agreed to hear cases brought by companies who say they have religious objections to the Affordable Care Act's requirement that they offer employees health insurance that includes contraception benefits.

In a statement released late Tuesday morning, justices say they have consolidated four related cases and will hear one hour of oral arguments. That will happen next year, likely in late March.

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The Two-Way
8:18 am
Tue November 26, 2013

Home Prices Rise Again; Consumer Confidence Dips

Housing has been one of the economy's bright spots.
Steven Senne AP

Originally published on Tue November 26, 2013 9:07 am

While home prices rose in major cities across the nation during the third quarter, data suggest that the housing market is beginning to shift to a slower rate of growth, according to the economists who put together the latest S&P/Case-Shiller Home Price Indices report.

Their statistics show prices rose 3.2 percent in the quarter and were up 11.2 percent from a year earlier.

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The Two-Way
6:23 am
Tue November 26, 2013

Book News: Secret Video Documents Conditions In Amazon Warehouse

A worker at the Amazon fulfillment center in Swansea, Wales, processes orders in 2011.
Matt Cardy Getty Images

Originally published on Tue November 26, 2013 7:58 am

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

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Business
4:14 am
Tue November 26, 2013

Longtime Wal-Mart Employee Chosen As CEO

Originally published on Tue November 26, 2013 12:28 pm

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a new chief at Wal-Mart.

(SOUNDBITE OF MUSIC)

GREENE: Doug McMillon of Jonesboro, Arkansas, started at Wal-Mart in 1984. It was a summer job, he was unpacking trucks. Yesterday, he was named as the retail giant's new CEO. Not only is the 47-year-old McMillon an insider who rose through the ranks, he's one of the few executives who actually worked under founder Sam Walton.

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