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.
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.
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.
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.
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.
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."
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."
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.
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.
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.
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.
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.