Business & Education

The Two-Way
10:53 am
Mon September 9, 2013

Luxury Retailer Neiman Marcus Sells For $6 Billion

The Chicago skyline is reflected in the exterior of Neiman Marcus on Michigan Avenue in Chicago in a file photo from 2009. The luxury retailer sold for six billion dollars on Monday.
M. Spencer Green AP

Originally published on Mon September 9, 2013 2:32 pm

Two large investors — Ares Management LLC and the Canada Pension Plan Investment Board — have reached a deal to purchase Neiman Marcus for $6 billion, the companies said Monday. The two buyers will hold equal shares of Neiman, which is based in Dallas.

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Business
4:02 am
Mon September 9, 2013

Luxury Retailer Neiman Marcus Could Be Sold

Originally published on Mon September 9, 2013 6:25 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Neiman Marcus almost closing the sale.

(SOUNDBITE OF THEME MUSIC)

INSKEEP: The luxury retailer is said to be close to an agreement to sell itself - for $6 billion. The Wall Street Journal reports Ares Management and the Canada Pension Plan Investment Board are the joint interested parties looking to make the deal.

Business
4:02 am
Mon September 9, 2013

Sky's The Limit For Limited Edition Pokemon Card

Originally published on Mon September 9, 2013 6:25 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Trading cards.

More than 400 people have bid on a rare Pokemon card on eBay with a buy it now price of $100,000.

STEVE INSKEEP, HOST:

The limited edition card - a Pikachu illustrator - is one of six in circulation. It was originally created as a prize for those who won a Pokemon Card Game Illustration contest.

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Business
4:02 am
Mon September 9, 2013

How Many Lives Does 'One Life To Live' Have?

Originally published on Mon September 9, 2013 6:25 am

Transcript

STEVE INSKEEP, HOST:

Oh this is terrible, the soap opera "One Life to Live" may have run out of lives. The company that took the show online recently announced that it is suspending production.

NPR's Sam Sanders tells us why.

SAM SANDERS, BYLINE: This is not the first time "One Life to Live" has been on life support. In 2011, ABC cancelled the show, because of low ratings. But, earlier this year, new episodes of "One Life to Live" came to the Internet - on Hulu - with a snappy new theme song featuring Snoop Dogg.

(SOUNDBITE OF SONG)

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Business
4:02 am
Mon September 9, 2013

Verizon, FCC Go To Court Over Net Neutrality

Originally published on Mon September 9, 2013 6:25 am

Opening statements in the court case FCC vs. Verizon begin Monday. This case could determine the FCC's legal ability to enforce the principle known as net neutrality. At issue is whether the federal government may block Internet service providers from slowing or blocking certain online content.

All Tech Considered
4:10 pm
Sat September 7, 2013

Baltimore Officials Want To Unplug Phones-For-Cash Kiosks

EcoATM kiosks dispense cash in exchange for used cellphones, MP3 players and tablets.
ecoATM

EcoATMs take old cellphones, MP3 players and tablets in exchange for cash. But the automated kiosks, operating 650 machines in 40 states, are getting bad reviews from police, who are concerned the machines are a magnet for thieves.

The transaction is fairly simple. The machine walks you through the process, scanning your ID to certify you're over 18 and verify your identity. An ecoATM employee inspects the transaction remotely in real time. Once the seller's identity is verified, the kiosk takes the device and assesses its value. You get the cash, and the device is recycled.

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The Two-Way
12:36 pm
Sat September 7, 2013

Chobani Issues All-Clear After Yogurt Recall

The Chobani Greek yogurt company says the mold that caused some of its products to bloat or swell is not normally harmful to people. On Thursday, Chobani said, "To be extra cautious, we have moved from a voluntary withdrawal to a voluntary recall."
PR NEWSWIRE

Originally published on Sat September 7, 2013 1:18 pm

After concerns over its product led the Chobani Greek yogurt company to issue a voluntary recall of some packages earlier this week, the New York-based foodmaker now says the mold that was identified as the culprit is not dangerous.

"Through extensive testing and expert consultation, we now know that the mold found in the products we voluntarily recalled this week is a species called Mucor circinelloides," the company says. "Mucor circinelloides is not considered a foodborne pathogen."

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The Two-Way
2:00 pm
Fri September 6, 2013

Job Applicants Made To Dance: 'Like A Scene Out Of The Office'

Ricky Gervais, who played the role of boss David Brent in the original British version of The Office.
Associated Press

Originally published on Fri September 6, 2013 5:36 pm

It sounds like something out of a sitcom; in this case, the original British television version of The Office: job seekers being compelled to dance for a chance at a sales position at a U.K. electronics retailer.

Applicant Alan Bacon, who hoped for a position at a Currys Megastore in Cardiff, was made to do "rubbish robotics in my suit in front of a group of strangers" to the French electronic duo Daft Punk's "Around the World."

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All Tech Considered
12:51 pm
Fri September 6, 2013

Tech Week That Was: Encryption Disrupted; Anonymity Online

Circuit board
Marilyn Nieves iStockphoto.com

Originally published on Fri September 6, 2013 3:09 pm

Monday's Labor Day holiday shortened our week, but there was no shortage of news in the tech space. Herewith, our weekly roundup to help catch you up.

ICYMI

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The Two-Way
11:13 am
Fri September 6, 2013

Antitrust Monitor Ordered For Apple Over E-Book Price Fixing

Amazon's Kindle e-reader. Apple has been ordered to submit to a monitor to ensure it doesn't fix prices on e-books in future.
David McNew Getty Images

Originally published on Fri September 6, 2013 11:44 am

A federal judge who found Apple guilty of colluding with publishers in an e-book price-fixing scheme ordered the tech giant on Friday to modify its contracts and submit to oversight to make sure it doesn't happen again.

The injunction issued by U.S. District Judge Denise Cote in Manhattan against orders the iPad maker to hire an external compliance monitor for two years to supervise the company's antitrust compliance efforts, The Associated Press reports.

Cupertino, Calif.-based Apple says it plans to appeal.

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Economy
11:04 am
Fri September 6, 2013

Five Years After Wall Street Collapsed, What's Changed?

Originally published on Mon September 16, 2013 9:36 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Later, it sounds like a bad walks-into-a-bar joke, but it wasn't. Recently, a representative of the KKK had a sit-down with members of the NAACP. This took place in Casper, Wyoming. Reporter Jeremy Fugleberg was there for the whole thing, and tells us what happened. That's in just a few minutes.

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Dothan City Schools lunch plan
8:26 am
Fri September 6, 2013

Ala. District Launches Online Meal Payment System

Dothan City Schools are rolling out a new system that lets parents pay for student meals online.
Jay Hare/Dothan Eagle

Dothan City Schools has rolled out an Internet-based system that allows parents to pay for their children's meals online.

   The district's child nutrition program director Tonya Grier told the Dothan Eagle (http://bit.ly/15ChMQb ) the online system, which was launched this week, will make paying for school meals more convenient and will remind parents when meal accounts are running out of money.

   Grier says the system will also let parents know how often their child is eating at school.

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Alabama State University Audit
8:01 am
Fri September 6, 2013

Lawmakers OK More Money for Alabama State Audit

State lawmakers are approving another $50,000 for a forensic audit at Alabama State University.
meetmycollege.com

State lawmakers have approved another $50,000 for the company conducting a forensic audit at Alabama State University.

   A panel of lawmakers on Thursday approved the latest request for money for the independent audit. The Montgomery Advertiser reports (http://on.mgmadv.com/1dM10Ag) that the increase could take the total cost for review up to $650,000.

   Jennifer Ardis, a spokeswoman for Alabama Gov. Robert Bentley, said the auditing process is taking longer because of difficulty in gaining access to needed information.

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The Two-Way
7:45 am
Fri September 6, 2013

Jobless Rate Ticks Down To 7.3 Percent; 169,000 Jobs Added

A recruiter for Cigna greets a job seeker at a career fair in Philadelphia over the summer.
Mark Makela Reuters /Landov

Originally published on Fri September 6, 2013 1:30 pm

The nation's jobless rate dipped to 7.3 percent in August from 7.4 percent in July as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated Friday morning.

The figures were roughly in line with what economists had been expecting to hear.

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The Two-Way
6:51 am
Fri September 6, 2013

'Pretty Solid Jobs Report' Likely; Will Fed Then Dial Back?

The scene last month at a "Beyond the Dream" job fair in Brooklyn, N.Y. Data on the month's job growth and unemployment rate are due Friday morning.
Spencer Platt Getty Images

Originally published on Fri September 6, 2013 8:35 am

Economists expect to hear that about 180,000 jobs were added to payrolls and that the nation's unemployment rate held steady at 7.4 percent last month when the Bureau of Labor Statistics issues its highly anticipated report about the August employment situation at 8:30 a.m. ET.

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