Business & Education

The Two-Way
7:50 am
Fri April 12, 2013

Wholesale Prices Plunge, But So Do Retail Sales

A steep drop in gasoline costs fueled a 0.6 percent decline in wholesale prices from February to March, the Bureau of Labor Statistics says.

Excluding the volatile food and energy sectors, the so-called core rate of inflation was also in check: those prices rose a modest 0.2 percent.

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Business
4:49 am
Fri April 12, 2013

Ex-KPMG Partner Accused Of Insider Trading

Originally published on Fri April 12, 2013 9:55 am

Transcript

DAVID GREENE, HOST:

In Los Angeles, a former partner at KPMG, one of the big four accounting firms, has been charged with insider trading.

As NPR's Nina Gregory reports, Scott London is accused of trading tips for money and gifts.

NINA GREGORY, BYLINE: The details in the Justice Department's criminal complaint against Scott London read like bad fiction. Bags of hundred dollar bills wrapped in $10,000 bundles, a Rolex worth an estimated twelve-thousand dollars, secrets shared at the country club and covert recordings of phone calls.

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Business
4:49 am
Fri April 12, 2013

The Last Word In Business

Originally published on Fri April 12, 2013 9:55 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is, what do you want on your burger? The CEO of Burger King Worldwide is stepping down. Forty-three-year-old Bernardo Hees has been wearing the Burger King crown since 2010, when the fast food chain was bought out by 3G Capital.

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Business
4:49 am
Fri April 12, 2013

Eli Lilly To Lay Off 30 Percent Of U.S. Sales Force

Originally published on Fri April 12, 2013 10:25 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with layoffs at Eli Lilly.

(SOUNDBITE OF MUSIC)

Media
2:33 am
Fri April 12, 2013

Startup CEO Wields Small Antenna In TV Streaming Battle

Aereo CEO Chet Kanojia
Dan Bobkoff NPR

Originally published on Fri April 12, 2013 12:30 pm

A top executive at News Corp. dropped a bombshell this week when he said the company is considering taking Fox's over-the-air network to cable. The announcement follows a court win for a startup company that streams broadcast channels online.

That startup's CEO, arguably the most feared man in television right now, is soft-spoken and rather techy.

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Planet Money
2:28 am
Fri April 12, 2013

The Tax Code, Translated Into Plain English

Tim Boyle Getty Images

Originally published on Fri April 12, 2013 9:55 am

The tax code is full of complicated loopholes and deductions that require professional translation. So I called a bunch of accountants and tax lawyers and asked them: What are your favorite, most confusingly named deductions — and what do they actually mean?

Intangible Drilling Costs

"The government will pay you to dig a hole in the ground," says Howard Rosen, a CPA in St. Louis. "You can write it all off immediately."

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Latin America
2:27 am
Fri April 12, 2013

In The Wake Of Brazil's Boom, Prices To Match

Tatiana Coelho buys fruit from a vendor in a favela in Rio de Janeiro, Brazil, on Sept. 20, 2012. Prices, especially for food, are skyrocketing in Brazil.
Melanie Stetson Freeman Christian Science Monitor via Getty Images

Originally published on Fri April 12, 2013 9:56 am

In Sao Paulo, Brazil's largest city, a Starbucks coffee shop looks as it would in the United States. It has the same jazzy music; the same items on the menu.

There is one thing that is different, though: the prices.

"Everyone told me it's expensive, but when you see it yourself it's shocking," says one customer, Thierry, who is from Geneva and is in town for a wedding.

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Business
4:49 pm
Thu April 11, 2013

Japan's Big Stimulus Move Shocks Globe's Market Watchers

Passersby watch share prices spike in Tokyo on April 4, the day Japan's central bank announced a massive purchase of government bonds. The bank hopes the scale of the effort will boost Japan's slow-moving economy.
Yoshikazu Tsuno AFP/Getty Images

Currency traders were stunned last week by aggressive action from Japan's central bank. The Bank of Japan embarked on a bond-buying program that, by one measure, is twice the size of the extraordinary moves by Ben Bernanke and the Federal Reserve in the United States. The BOJ's move is an effort to shock the Japanese economy out of more than a decade of sluggish growth and deflation.

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Business
4:01 pm
Thu April 11, 2013

Joint Airbag Recall Affects More Than 3 Million Cars

Originally published on Fri April 12, 2013 1:56 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

More than three million cars and trucks worldwide are being recalled. Honda, Toyota, BMW, Mazda, Nissan, and Pontiac all say some of their vehicles made between 2001 and 2003 could potentially have faulty airbags.

NPR's Sonari Glinton reports.

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The Salt
3:17 pm
Thu April 11, 2013

A Legal Twist In The Effort To Ban Cameras From Livestock Plants

Cows wait to be milked at a California dairy farm.
Justin Sullivan Getty Images

Originally published on Mon April 15, 2013 3:38 pm

For years, undercover videos documenting animal cruelty at farms and slaughterhouses have cast the nation's meat and dairy farmers in a grim light.

In response, the livestock industry supported legislative efforts in multiple states designed to keep cameras from recording without permission in livestock plants. The Salt reported on these efforts, which activists call "ag gag" bills, last year.

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The Two-Way
3:11 pm
Thu April 11, 2013

Price Tag On Cyprus Bailout Goes Up

Originally published on Thu April 11, 2013 5:08 pm

It's going to cost more to bail out Cyprus than originally projected, with officials now saying the cost will be $30 billion instead of the original estimate of $23 billion.

"It's a fact the memorandum of November talked about 17.5 billion [euros] in financing needs. And it has emerged this figure has become 23 billion [euros]," government spokesman Christos Stylianides was quoted by the BBC as saying on Thursday.

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Books
10:40 am
Thu April 11, 2013

Hotel Magnate Bill Marriott On Life's Lessons

Originally published on Thu April 11, 2013 2:36 pm

In the 1920s, a man passing through Washington, D.C., noticed something about the city in September: It was sweltering, and there were few places to seek relief. He figured you could make a lot of money selling ice-cold drinks.

That first business venture set J.W. "Bill" Marriott Jr. on a road to riches.

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The Two-Way
9:51 am
Thu April 11, 2013

Tepid Reception To Windows 8 Blamed For Drop In PC Sales

Visitors tried out Windows 8 last month at the 2013 CeBIT technology trade fair in Hanover, Germany.
Sean Gallup Getty Images

Originally published on Thu April 11, 2013 3:21 pm

Sales of new PCs plummeted nearly 14 percent globally in the first three months of the year, and much of the blame is being placed on Microsoft's new Windows 8 operating system.

International Data Corp. reported Wednesday that shipments of PCs totaled 76.3 million worldwide in the first quarter of 2013, down 13.9 percent from the same period the previous year.

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The Two-Way
9:47 am
Thu April 11, 2013

Why Does Anyone Care About Minutes Of Weeks-Old Fed Meetings?

The Federal Reserve's headquarters in Washington, D.C. What goes on inside there is of intense interest to investors.
Karen Bleier AFP/Getty Images

Originally published on Thu April 11, 2013 11:30 am

There's been a bit of a brouhaha over the Federal Reserve's inadvertent early release Tuesday evening of minutes from its closed-door March 19-20 policy meeting.

As The Associated Press writes, "employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive [the] market-sensitive information."

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The Two-Way
9:21 am
Thu April 11, 2013

Japanese Car Makers Recall Millions Of Vehicles Over Faulty Airbags

The 2002 Toyota Corolla. At least some of them are subject to recall.
Jeff Kowalsky AFP/Getty Images

Originally published on Thu April 11, 2013 12:14 pm

Some 3.4 million vehicles produced by four Japanese automakers are being voluntarily recalled due to faulty airbag inflators.

The inflators were installed in some of Toyota's top-selling Camry and Corolla models produced since 2000. Certain Honda Civics and Mazdas are also subject to recall, which also reportedly includes the Maxima and Cube, according to Reuters.

The defective passenger-side airbag inflators were produced by Tokyo-based Takata at a Mexican plant, Reuters says.

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