NPR's business news starts with J.C. Penney's revolving door.
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GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.
Main Street in Webster City, Iowa, has so far survived the 2011 closure of an Electrolux factory. But retraining funds and unemployment are running out for former workers, leaving businesses worried that a serious downturn is ahead.
Credit Andrea Hsu / NPR
Electrolux's former warehouse and distribution center in Webster City, Iowa, is up for sale. The plant itself, across the street, will soon be demolished.
What becomes of a city of 8,000 people when its main employer leaves town? What does it look like, and what does it feel like? I set out to answer those questions on a trip to Webster City, Iowa, last month, as part of my report on the Swedish appliance maker Electrolux.
Electrolux's new plant in Memphis, Tenn., is the Swedish appliance company's most modern and high-tech facility. The factory will open this summer while an Electrolux plant in Quebec, Canada, is being shuttered.
Credit Courtesy of Electrolux
Memphis Mayor A C Wharton (left) with Jack Truong of Electrolux at the company's new plant. The city used a large incentive package to entice the company.
Credit NPR / Andrea Hsu
Jerry Kloberdanz and seven family members were laid off when Electrolux closed its Webster City, Iowa, plant in 2011.
The United States lost close to 6 million manufacturing jobs between 2000 and 2009. Now, slowly, some of those jobs are coming back. Over the past three years, the U.S. economy has gained a half-million manufacturing jobs.
But even with the manufacturing recovery, there are both winners and losers — and sometimes they're created by the same company.
Buckle up — climate change could make this a bumpy flight.
That's according to a newly published study by two British scientists who say increased levels of CO2 in the atmosphere will make "clear air turbulence" — which can't be easily spotted by pilots or satellites — more common over the North Atlantic. That means the potential for gut-wrenching flights between the U.S., Europe and points east.
As the U.S. economy struggles to recover from the financial crash, and Europe is buffeted by a series of banking crises, attention has focused on the presidents and prime ministers who've tried to cope with it all. Journalist Neil Irwin, an economics writer for The Washington Post, says there's an elite group of policymakers who can make enormously important decisions on their own, often deliberating in secret, and in many ways unaccountable to voters.
In what would seem to be a contradiction, a respected study says that the quality of service provided by U.S. airlines remained near an all-time high last year even as passengers' complaints soared 22 percent.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll hear the latest installment in our tweet poetry series, Muses and Metaphor, but first, we'd like to talk about an effort to add some flavor to the top ranks of restaurant kitchens in America's spiciest city.
Airbus is breaking ground on its new aircraft assembly plant in Mobile.
Top executives will be in the port city Monday for a ceremony to mark the start of construction on the Airbus plant at Brookley Aeroplex.
The $600 million factory is expected to employ 1,000 people once production of the Airbus A320 jet begins around 2015.
The state's first major Airbus supplier, Safran Engineering Services, is opening its new office in Mobile on Monday. The company plans to employ as many as 50 people at an engineering support facility.
Target has apologized for a poor choice of words. Susan Clemens was looking at a grey dress on the company's Web site, when she noticed how the color described. Regular sizes were Dark Heather Gray. Plus sizes, in the exact color, became Manatee Gray. Manatees are walrus-like animals. They're also known as sea cows. Clemens tweeted her disgust and it went viral. The company says from now on they're just going to go with gray.
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After a 15-month hiatus, the world's newest nation is pumping oil again. It's a key step toward mending relations with Sudan, its former civil war foe. And it's a crucial step if South Sudan is to avoid economic collapse.
Earlier this year, all 787 Dreamliners were grounded after overheating issues caused by its batteries led to electrical failures in two separate incidents. Boeing is analyzing flight data and submitting materials to the Federal Aviation Administration.
Car2Go vehicles lined up in Washington, D.C., as the company prepared to launch service there last year. The car sharing service is also in Europe and other American cities, including Seattle; Austin, Texas; Miami; and Portland, Ore.