Business & Education

The Two-Way
8:54 am
Wed August 14, 2013

Is Europe's Recession Really Over? It's Too Soon To Say

The line outside an employment office in Madrid last October. Spain's economy has been among the hardest hit in Europe.
Dominique Faget AFP/Getty Images

Originally published on Wed August 14, 2013 10:29 am

These headlines this morning make it sound like Europe's economy is up and running again:

-- "Euro Area Exits Longest Recession on Record." (Bloomberg News)

-- "Euro Zone Emerges from Recession." (The Wall Street Journal)

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The Two-Way
6:45 am
Wed August 14, 2013

AOL CEO Apologizes For Public Firing

Tim Armstrong, the CEO of AOL.
Michael Kovac Getty Images for AOL

Originally published on Wed August 14, 2013 11:51 am

After several days of brutal criticism and commentary about the brutal way he fired a man during a conference call, AOL CEO Tim Armstrong is now apologizing.

"I am writing you to acknowledge the mistake I made last Friday during the Patch all-hands meeting when I publicly fired Abel Lenz," Armstrong says in an email to AOL employees, which Mashable has posted here.

Armstrong adds that:

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Latin America
4:36 am
Wed August 14, 2013

Top Foreign Real Estate Buyers In Miami Are Brazilians

Originally published on Wed August 14, 2013 8:16 am

Transcript

GREG ALLEN, BYLINE: I'm Greg Allen, in Miami. To gauge the impact of Brazilians here, you only need to go downtown and look up.

(SOUNDBITE OF MACHINERY)

ALLEN: Just a few years after the housing downturn, in Miami, once again, cranes and construction crews are hard at work building high-rise condominiums. Thousands of units are going up all over town, and many are being built for Brazilians.

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Business
4:36 am
Wed August 14, 2013

Eurozone Shows Signs Of Economic Improvement

Originally published on Wed August 14, 2013 8:16 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with growth in the eurozone.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

It looks like Europe's long recession is finally over. Statistics out this morning shows signs of growth across the eurozone after a year and a half of declining numbers.

GREENE: It will take time and stronger growth to reverse the high unemployment of many countries but politicians are hailing the figures as an end to the dark years.

NPR's Eleanor Beardsley sent this report.

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Business
4:36 am
Wed August 14, 2013

Does More Vacation Mean Happier Workers?

Originally published on Wed August 14, 2013 8:16 am

August means many parts of the world are virtually shut down with many workers off on summer holiday. A recent blog post in The Atlantic took on the question: Does more vacation mean happier workers? Some data suggests not so much.

Law
4:36 am
Wed August 14, 2013

Feds Sue To Block Proposed Airline Merger

Originally published on Wed August 14, 2013 8:16 am

Transcript

DAVID GREENE, HOST:

And let's hear now about a proposed airline merger. In a surprise move, the Justice Department announced yesterday that it will try to stop American Airlines and U.S. Airways from becoming one. This is largely because of two other mergers that made both Delta and United Airlines much bigger. Those deals were approved back in 2008 and 2010. Now, as NPR's Wade Goodwyn reports from Dallas, the government seems determined to change course.

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Business
4:36 am
Wed August 14, 2013

Heard It Through The Grapevine: Raisin Grower Goes Rogue

Originally published on Fri August 16, 2013 5:26 am

Transcript

DAVID GREENE, HOST:

Now, the story of a man many call an outlaw. His crime: growing raisins and then deciding to sell them all. His case made it all the way to the Supreme Court.

Planet Money's Zoe Chace has the story.

ZOE CHACE, BYLINE: You might imagine that such an ordinary thing like a raisin works the same way lots of other stuff works. The raisin grower takes his sun-dried grapes and sells them, as many as he can to whoever wants them. That's not what happens.

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The Salt
2:05 am
Wed August 14, 2013

Listeria Outbreak Still Haunts Colorado's Cantaloupe Growers

A melon washing station sprays cantaloupes with clean water and sanitizer.
Kristin Kidd

Originally published on Wed August 14, 2013 12:48 pm

Two years after cantaloupe were linked to one of the worst foodborne outbreaks in U.S. history, lawyers have filed a fresh round of lawsuits. Meanwhile, farmers are trying to win back customers after their signature crop was tarred by a broad brush.

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The Record
2:04 am
Wed August 14, 2013

Why Steinway Is Likely To Be Sold To A Hedge Fund Manager

The Steinway Musical Instruments factory in Queens, N.Y.
Ilya Marritz

Originally published on Tue September 10, 2013 10:16 am

Steinway & Sons, the 160-year-old musical instrument maker, is set to change hands.

Last month, a private equity firm emerged as the company's likely buyer. But a mystery bidder — rumored to be hedge fund manager John Paulson — has swooped in at the last minute, and now looks likely to take control of one of the oldest manufacturers in the United States. Paulson made billions betting against the housing market at a time when many thought housing prices could only go up. His reported offer for the company is $458 million.

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Parallels
2:00 am
Wed August 14, 2013

Brazilians Flood To U.S. On Massive Shopping Sprees

Camila DeSouza, a 17-year-old Brazilian, shops for shoes at a mall in Sunrise, Fla., on July 16, 2012. During their winter, Brazilians flock to the U.S., mainly to shop. Even with the cost of airfare figured in, many products are far cheaper in the U.S. than in Brazil.
Charles Trainor Jr. Miami Herald/MCT /Landov

Originally published on Wed August 14, 2013 6:26 pm

What's the busiest U.S. Consulate in the world? If you guessed in Mexico or China, you'd be wrong.

It's actually in Brazil, Sao Paulo to be exact. The consulate there is giving a record number of visas to Brazilians who want to visit the U.S. And that is giving a boost to the economies of cities like Miami.

On a recent day, Tiago Dalcien and his girlfriend stand outside the U.S. Consulate in Sao Paulo clutching their passports and other documents. He is a 30-year-old banker; his girlfriend is a doctor.

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Business
4:28 pm
Tue August 13, 2013

DOJ Suit Seen Delaying, Not Killing Big Airline Merger

A United Airlines jet takes off behind a US Airways jet at Ronald Reagan Washington National Airport on Tuesday.
Win McNamee Getty Images

The government's decision Tuesday to oppose the merger of US Airways and American Airlines stunned airline analysts, but many predicted the deal eventually will win go through.

"Given that other airline mergers were approved, this was a surprise," University of Richmond transportation economist George Hoffer said. Other major carriers already have been allowed to combine forces, so "it's illogical to oppose this merger. This move comes a day late and a dollar short," he said.

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The Salt
3:38 pm
Tue August 13, 2013

Chipotle Is Keeping Its Meat Antibiotic-Free After All

Originally published on Mon November 18, 2013 4:26 pm

For a few hours Tuesday, it appeared that Chipotle Mexican Grill, an ever expanding source of fast food for the ethically conscious consumer, had softened its hard line against antibiotics in meat production.

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Business
3:34 pm
Tue August 13, 2013

J.C. Penney Board Member Resigns After Criticizing Management

Originally published on Tue August 13, 2013 5:31 pm

William Ackman, a controversial hedge fund manager, has resigned from the board of the J.C. Penney Company. Ackman is Penny's largest shareholder and had been engaged in a public dispute with the board over who should lead the struggling retailer.

Business
3:34 pm
Tue August 13, 2013

DOJ Tries To Block Airline Merger With Antitrust Suit

Originally published on Tue August 13, 2013 5:31 pm

The proposed merger of U.S. Airways and American Airlines ran into major turbulence on Tuesday as the Justice Department and six state attorneys general filed an antitrust suit aimed at blocking the deal. Justice Department officials said the merger would eliminate competition and put consumers at risk of higher prices.

Business
3:34 pm
Tue August 13, 2013

Some Consumers Push Back Against 'Smart' Utility Meters

Originally published on Tue August 13, 2013 5:31 pm

Power companies all over the country are in the process of replacing old residential meters with new digital smart ones. These meters transmit real time data back to the utilities, giving a precise picture of how much electricity customers are using and when. Audie Cornish talks to Severin Borenstein — director of the University of California Energy Institute — about the technology.

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