Despite its dark themes (slavery and the Civil War are hardly feel-good topics), Lincoln, like other Oscar nominees, has done very well at the box office. Disney has spent about $10 million campaigning for the best-picture prize, hoping for a payoff down the line.
How much is a best-picture Oscar worth? Not the statuette — winners are required to sell that back to the Academy for a buck if they want to get rid of it. No, what's the Oscar worth at the box office?
President Obama's plan to jump-start the economy starts with increasing the minimum wage and avoiding sequestration. Host Michel Martin talks about those challenges and others, like rising gas prices and expanding waist lines. She's joined by NPR's senior business editor Marilyn Geewax and Wall Street Journal economics reporter Sudeep Reddy.
Let's talk about another meeting happening today. Senior officials from Boeing are sitting down with the head of the Federal Aviation Administration. Boeing wants its 787 Dreamliner fleet back in service. It's been grounded for more than a month. Neither Boeing nor safety investigators have discovered exactly what caused two 787 batteries to overheat and in one case catch fire last month. But, Boeing believes, it can mitigate any future risk with a series of fixes.
NPR's business news starts with a Japanese visit to the White House.
Japan's Prime Minister Shinzo Abe will meet with President Obama at the White House today. For Abe, the primary focus of the summit is re-vitalizing Japan's security alliance with the United States in the face of the threat from North Korea as well as tensions between Japan and China.
But as NPR's John Ydstie reports, the leaders will also discuss economic issues.
On Sunday, nominees who do not win an Academy award will nevertheless take home about $47,000 worth of consolation gifts - which sounds like a lot, but in 2010 the swag was worth a lot more - more than $90,000.
LINDA WERTHEIMER, HOST:
This year, goodies include trips to places like Australia, Hawaii and Mexico. The gift bags may also include such useful items as hand illustrated tennis shoes, portion controlled dinnerware, and a book by Leeza Gibbons.
The Buckeye Tool Expo in Dalton, Ohio, is held in a massive hall filled with bearded men in black hats and women in white bonnets. A few horses and buggies are tied up outside.
The Amish have chosen to forgo many of the delights of the modern world, but they still need to drill, sand and cut wood. This trade expo shows off all the loopholes that let the Amish get their hands on power tools.
Here's a headline that may sound familiar: Miami is in the middle of a condo boom.
Just seven years ago, Miami had a similar surge in condo construction. But it all came crashing down. There was an international banking crisis, and the Florida real estate bubble burst — taking down investors and many developers.
But new towers are once again reshaping the city's skyline.
Peter Zalewski, a real estate consultant with Condo Vultures, says 19 condo towers are now in the works in Miami, with 7,000 total units.
Nearly half of all Native American tribes across the country are benefiting from casinos and other gaming revenues. For most, it's their largest source of income. But growing threats to that revenue due to competition from non-Indian gaming are forcing many tribes to look for other investment opportunities.
In a dramatic example of that diversification, one group of Native Americans is buying nearly half the hotel rooms in Minnesota's capital.
Those baggage fees, cramped seats and tiny pretzel bags to the contrary and notwithstanding, airline passengers enjoyed good times in 2012, according to an annual recap from Airlines for America, the industry trade group.
Four former executives from Peanut Corp. of America and a related company are facing federal criminal charges for covering up information that their peanut butter was contaminated with salmonella bacteria.
The charges are related to a nationwide outbreak of salmonella back in 2009. More than 700 people became ill, and federal investigators traced the source of the bacteria to peanut butter manufactured in Blakely, Ga., by the Peanut Corp. of America. The company is no longer in business.
Originally published on Thu February 21, 2013 12:31 pm
The New York Times points out something rather interesting about an otherwise mundane business story. Wal-Mart's fourth-quarter earnings report tells the tale of how changes in the tax code has both helped corporations and hurt them.
As the Times puts it, during the fourth quarter of last year, "the tax code gave and the tax code took away."