The world of newspapers was rocked Monday by news that Jeff Bezos, the founder and CEO of Amazon.com, is buying The Washington Post for $250 million. Bezos' purchase of the paper will bring to an end its association with the Graham family, which bought the Post in 1933.
The company is hoping the move will increase sales. The 2014 model of the plug-in car will now cost about $35,000 — more than 12 percent less than last year's model. Ford and Nissan have already reduced the prices on their electric cars.
Today's Last Word In Business is criminal glass ceiling. A new study suggests that female white collar crooks face the same barriers as their law-abiding counterparts in the corporate world.
RENEE MONTAGNE, HOST:
A team of researchers from Penn State studied the involvement of women in recent corporate fraud cases. It found women held inferior positions in criminal conspiracies, and profited significantly less from their misdeeds.
On the Ashley River, a few miles south of Charleston, S.C., the water is murky and the marsh grass high. A three-man logging crew is cruising on a 24-foot pontoon boat. It's low tide and logs are poking out everywhere.
Hewitt Emerson, owner of the Charleston-based reclaimed wood company Heartwood South, is in charge. He's going to an old saw mill site, but won't say exactly where. He's heading to Blackbeard's Creek, he says, as in pirate Blackbeard — the early 18th century scourge of the seas.
With sizzling temperatures in much of the country, tourists are turning to mountain ski resorts to find relief. Resorts from Colorado to California and Oregon are on track to set a record this year for summer business.
Brandon Wilke is spending a long weekend at a resort just down the road from Aspen, Colo. He came for a wedding, but Wilke and his brother-in-law decided to bring their mountain bikes and try out some bike trails at the Snowmass ski resort. At first, Wilke says he didn't know mountain biking was an option.
Apple has been notoriously disinterested in Washington politics. But two decisions coming from the Obama administration in the past few days indicate that Washington is increasingly interested in Apple.
Originally published on Tue August 6, 2013 6:04 am
Silly me. I thought "rent-seeking" was something only landlords did.
But economists have their own way of looking at the world. To them, rent-seeking is a term for describing how someone snags a bigger share of a pie rather than making a pie bigger, as the venerable Economistexplains it.
So, a drugmaker can be seen as a rent-seeker if it cajoles doctors to prescribe more of a particular brand of medicine at the expense of a rival pharmaceutical company's wares.
E-books have strained the relations between libraries and the major publishing houses. Libraries say they're being cut out of the market because publishers are afraid they could lose money selling e-books to libraries. After much negotiation, the publishers are experimenting with new ways of doing business. But some libraries are already looking to bypass the high prices and restrictions that publishers place on e-books.
Originally published on Mon August 5, 2013 4:27 am
The World Trade Organization has ruled in favor of the U.S. in a long-standing trade dispute over allegations China unfairly imposed anti-dumping tariffs that restricted American poultry exports. China could appeal the WTO decision.
Over the weekend, the Obama administration vetoed a ban on imports of older iPad and iPhone models. This kind of White House veto hasn't happened since 1987. The decision by the U.S. trade representative reverses a ruling by the International Trade Commission.