NPR's business news starts with Microsoft's earnings.
Yesterday we told you about Apple earnings. Despite heavy sales of iPhones and iPads, its profits were flat last quarter. That's still better than Microsoft, which reported a four percent earnings decline. Those disappointing figures are blamed on sagging sales of personal computers, which have created a shrinking market for Microsoft's newest PC operating system, Windows 8. Transcript provided by NPR, Copyright NPR.
Federal safety investigators remain perplexed by what caused a battery on a Boeing 787 to burst into flames earlier this month in Boston. All of the 787s are grounded worldwide after problems with the new airliner also surfaced in Japan.
At a briefing Thursday, the head of the National Transportation Safety Board said it could be a long time before the plane dubbed the Dreamliner is cleared to fly.
In today's last word in business is: censored, not stirred.
(SOUNDBITE OF MOVIE, "SKYFALL")
DANIEL CRAIG: (as James Bond) Bond, James Bond.
RENEE MONTAGNE, HOST:
The new Bond film "Skyfall" is now playing in the world's second-largest movie market - that would be China - and some 007 fans are furious about the nips and tucks Chinese censors have made to the movie.
In recent years, regional cable TV sports networks have been a financial windfall for pro sports and college teams. And now it seems to be the turn of the Los Angeles Dodgers to make a record haul here.
There are reports the Dodgers and Time Warner Cable are close to announcing a deal for a Dodgers channel that would pay the team around $7 billion over at least 20 years.
But NPR's Tom Goldman reports it may be one windfall too many in a crowded Los Angeles market.
LeBron James is arguably the best player in the NBA. His salary is $17.5 million a year. He's worth much, much more.
"He's getting hosed," says Kevin Grier, an economist from the University of Oklahoma.
James used to play for the Cleveland Cavaliers. When he left, the value of the team fell by tens of millions of dollars — and the value of his new team, the Miami Heat, rose by tens of millions. The economists I talked to said James should be making closer to $40 million a year.
If you want to make a movie, you generally need a lot of money. And filmmakers have to be creative about raising it.
Just ask the filmmakers at the Sundance Film Festival, taking place this week in Park City, Utah. Some 10 percent of the films selected for this year's iteration of the prestigious festival raised money through the crowd-funding website Kickstarter.
In the three years since the website launched, Kickstarter-funded films have been nominated for Oscars, picked up by Showtime and HBO, and honored with awards at Sundance, South By Southwest and Cannes.
This Marriott hotel in Seattle's Pioneer Square neighborhood was rebuilt by American Life Inc. using EB-5 visa investment money. The project helped dozens of well-to-do people obtain permanent green cards.
Alabama transportation officials say winter storm forecasts for northern portions of Alabama likely will result in icy roads causing hazardous driving conditions.
The Alabama Department of Public Safety and the Alabama Department of Transportation strongly encourage all motorists to drive with extreme caution and to avoid roadways when weather conditions are prohibitive.
Much of northern Alabama is under a freezing rain advisory until mid to late morning tomorrow.
Alabama schools superintendent Tommy Bice says the state's schools have a comprehensive safety plan which he feels good about.
Bice's comments came during a Thursday work session of the Alabama Board of Education. The session was called to discuss safety in state schools in the wake of last month's mass shooting at a Connecticut elementary school.
The superintendent has asked state public school systems to turn in their school safety plans to him by early next month.
Boeing's flagship jetliner, the 787, has been stuck on the ground lately. The FAA and safety authorities around the world grounded the fleet after battery problems. And today we have an update on the investigation of the battery fire onboard a Japan Airlines 787 this month in Boston.
NPR's Wendy Kaufman has been following this story and joins us now for an update. And, Wendy, what did the National Transportation Safety Board have to say today?
Twitter on Thursday launched the video app Vine, which allows users to shoot brief videos and directly tweet them. The social media company acquired the video-sharing startup last fall, according to All Things D.
Mary Jo White, then U.S. Attorney for the Southern District of New York, speaks during a May 2001 press conference following guilty verdicts in the trial of four followers of Osama bin Laden that bombed two U.S. embassies in East Africa in 1998. President Obama intends to nominate White to head the Securities and Exchange Commission.
Originally published on Fri January 25, 2013 7:38 am
President Obama's choice to head the Securities and Exchange Commission has prosecuted terrorists and mobsters. If she's confirmed, Mary Jo White's next challenge will be tackling reckless behavior on Wall Street.
Originally published on Thu January 24, 2013 9:43 am
Mary Jo White, a former U.S. attorney in New York who prosecuted terrorists responsible for the bombings of the World Trade Center and U.S. embassies in Africa, will be nominated by President Obama to head the Securities and Exchange Commission.