Business & Education

Business
3:42 am
Thu July 4, 2013

The Last Word In Business

Originally published on Thu July 4, 2013 8:48 am

Some people feel awkward about eating alone in restaurants but a new eatery in Amsterdam has only small tables with single chairs. It requires customers come solo. The restaurant is part culinary endeavor, part social experiment. As its creator says, she wanted to give people "food for thought."

Business
3:42 am
Thu July 4, 2013

Business News

Originally published on Thu July 4, 2013 8:48 am

Unlike Facebook and Google, Twitter will allow its users to opt out if they are concerned about privacy. The company is projecting ad revenues of $500 million this year, and double that in 2014.

Belle Foods-Bankruptcy
5:02 pm
Wed July 3, 2013

Ala.-Based Grocer Looking To Close 13 Stores

Belle Foods will close 13 stores in Alabama, Florida, and Georgia in an attempt to help pay off $42 million in debt.
Credit abc3340.com

Birmingham-based Belle Foods LLC., which filed for bankruptcy Monday, is planning to close 13 of its 57 stores within a month.


A bankruptcy judge ruled Wednesday that Belle Foods can close stores in Alabama, Florida and Georgia by Aug. 3 as part of its bankruptcy plan.


The plan calls for the company to sell off assets to try reconciling a $42 million debt.


Stores slated to close in Alabama include Food World locations in Hueytown, Gadsden, Florence, Decatur and Mobile.

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Shots - Health News
1:44 pm
Wed July 3, 2013

Delay For Insurance Mandate Pleases Businesses

President Obama talked up the Affordable Care Act in San Jose, Calif., in June. Now, the administration has said a key provision affecting businesses won't take effect until 2015.
Evan Vucci AP

Originally published on Wed July 3, 2013 3:07 pm

The Obama administration's decision late Tuesday to postpone the requirement for employers with 50 or more workers to offer health coverage or risk fines has satisfied some key members of the coalition that supported the law.

But the one-year reprieve also raises new questions about the administration's ability to get the huge health law up and running in an orderly fashion. The deadline for the new health exchanges to begin enrolling individuals is Oct. 1.

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Race
11:17 am
Wed July 3, 2013

Housing Investigation Exposes Harassment Of LA's Minorities

Transcript

CELESTE HEADLEE, HOST:

Coming up in a few minutes, we'll dive a little deeper into what's going on with the abortion debate in Texas. But first, we want to talk about a development that's affecting recipients of housing assistance in Los Angeles County. The U.S. Department of Justice this week ordered LA County and the cities of Lancaster and Palmdale, California to pay a total of $12.5 million in damages to residents of subsidized housing. That follows a two-year investigation by the department.

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Politics
11:17 am
Wed July 3, 2013

Aftershocks Felt After Affordable Care 'Earthquake'

Transcript

CELESTE HEADLEE, HOST:

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Business
10:57 am
Wed July 3, 2013

Four Years Into Recovery, Are We Well Yet?

Jeff Caldwell checks a vehicle on the assembly line at the Chrysler Jefferson North Assembly plant in Detroit in May. U.S. auto sales rose last month to their fastest pace since 2007.
Paul Sancya AP

Originally published on Wed July 3, 2013 2:30 pm

The next couple of days will bring fireworks, hot dogs — and a new unemployment report.

At least the first two will be fun.

As for Friday's job-market assessment, the Labor Department report likely will show little or no change in the 7.6 percent unemployment rate. "There is still a general weakness in the labor market," says Daniel North, economist with Euler Hermes, a credit insurance company.

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Code Switch
9:05 am
Wed July 3, 2013

Chinatown 'Blessing Scams' Target Elderly Women

More than 50 people have reported being victims to the "blessing scams" in San Francisco over the last year. Their losses topped $1.5 million.
San Francisco district attorney's office

Originally published on Thu July 11, 2013 11:13 am

In Chinatowns around the country — in San Francisco, Boston, Chicago, New York — a peculiar financial scam is targeting elderly Chinese women.

This so-called "blessing scam" isn't much of a blessing. By asking lots of personal questions, the scammers convince their targets that they face terrible tragedy that they can only avoid if they place their valuables in a bag — and then pray over it. Usually, the victims place their jewelry and money in a bag that the thieves swap out for an identical one. And then the thieves tell the women not to open the bag for days.

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Business & Education
8:25 am
Wed July 3, 2013

Alabama University Expands Programs in Brunswick

Troy University is expanding its satellite programs in the coastal Georgia town of Brunswick.
troy.edu

An Alabama university is expanding its programs in the coastal Georgia town of Brunswick.

   The Brunswick News reports (http://bit.ly/1cQmyXq) that Troy University is expanding its satellite programs in the Georgia community with its School of Hospitality, Sport and Tourism Management.

   School officials say that beginning this fall, students will be able to obtain a bachelor of science degree in the three areas of concentration - hospitality, sports or tourism management.

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The Two-Way
7:46 am
Wed July 3, 2013

Good Signs: Jobless Claims Dip And Job Growth Picks Up

A help wanted sign in the window of a clothing store in Pasadena, Calif., last month.
Kevork Djansezian Getty Images

Originally published on Wed July 3, 2013 7:54 am

Three reports Wednesday morning all offer at least modestly good news about the U.S. economy:

-- There were 343,000 first-time claims for jobless benefits last week, down 5,000 from the week before, says the Employment and Training Administration.

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The Salt
7:03 am
Wed July 3, 2013

Coke Changed Caramel Color To Avoid Cancer Warning; Pepsi In Transition

Pepsi says it plans to reformulate all its colas sold in the U.S. by February 2014 to eliminate 4-MEI, a chemical listed as a carcinogen by the state of California.
PR Newswire

In 2011, the state of California created a problem for the soda industry.

The caramel color that Coke and Pepsi used to give colas that distinctive brown hue contained a chemical, 4-methylimidazole — 4-MEI — that is listed as a carcinogen by the state.

And in accordance with California's Proposition 65 law, the levels of 4-MEI found in sodas would have warranted a cancer warning label on every can sold in the state.

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Business
3:52 am
Wed July 3, 2013

Business News

Originally published on Wed July 3, 2013 8:52 am

Transcript

RENEE MONTAGNE, HOST:

NPR business news starts with Toyota recall.

(SOUNDBITE OF MUSIC)

MONTAGNE: Toyota, the world's best-selling automaker, is recalling approximately 185,000 vehicles. The worldwide recall is due to a problem with its electric, power steering. It affects Yaris models made between November 2010 to March 2012, and Verso-S models made between August 2010 and August 2011. Transcript provided by NPR, Copyright NPR.

Health Care
3:52 am
Wed July 3, 2013

White House Delays Key Piece Of Affordable Care Act

Originally published on Wed July 3, 2013 8:52 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene.

The Obama administration set off some pre-4th of July fireworks last night. They announced a one-year delay in implementing a key piece of the Affordable Care Act. Employers with 50 or more workers will now have until 2015 to meet new health insurance requirements for their workforce.

NPR's Julie Rovner has more.

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Business
3:52 am
Wed July 3, 2013

The Last Word In Business

Originally published on Wed July 3, 2013 8:52 am

Transcript

DAVID GREENE, HOST:

And that brings us to today's last word in business, which is: "Hardly Workin'."

That's the title of an album just out from Andrew Mason, the ex Groupon CEO, who was fired from the dally deals company earlier this year.

(SOUNDBITE OF ALBUM, "HARDLY WORKIN'")

ANDREW MASON: (Singing) If you're seeking business wisdom, you don't need no MBA. Look no further than the beauty that surrounds us every day. In the...

RENEE MONTAGNE, HOST:

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Business
3:52 am
Wed July 3, 2013

Investors Turn Away From Emerging Markets

Originally published on Wed July 3, 2013 8:52 am

Transcript

RENEE MONTAGNE, HOST:

In the world of global finance, emerging markets where a hot place for American investors to park their money. The hope was that fast growth in developing economies, like Brazil, Turkey and China, could yield higher returns. But there's been a big shift in recent weeks. Investors have been yanked their money out of the emerging markets in a big way. The unrest in Egypt and protests in Brazil and Turkey are only part of the story.

To find out more, we turned - as we often do - to David Wessel of The Wall Street Journal.

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