Business & Education

Business
4:19 am
Thu June 6, 2013

The Last Word In Business

Originally published on Thu June 6, 2013 6:02 am

Detroit's Masonic Temple Theatre was headed to foreclosure until an anonymous donor paid off its $142,000 in back taxes. That donor is now revealed: former White Stripes singer Jack White. He has performed there nine times and hung out there as a kid. His mom was an usher.

Business
4:11 am
Thu June 6, 2013

Lenovo Holds Grand Opening For Its N.C. Assembly Plant

Johana Guardado assembles a laptop on Lenovo's new personal computer production line in Whitsett, N.C.
Leoneda Inge for NPR

Originally published on Thu June 6, 2013 7:14 am

Chinese computer maker Lenovo celebrated the opening of its first U.S. manufacturing plant in Whitsett, N.C., on Wednesday. The company is trying to boost its brand and U.S. market share. Other high-tech firms, including Motorola, have announced plans to manufacture in the U.S.

The Lenovo plant celebration was a patriotic affair. A large sign was on display featuring the American flag and the words "Assembled in the U.S."

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The Salt
4:36 pm
Wed June 5, 2013

Amazon's Grocery Delivery: A Trojan Horse To Get In Your Door

Amazon has been testing its AmazonFresh delivery service in the Seattle area since 2007.
Joe Nicholson AP

Originally published on Wed June 5, 2013 6:16 pm

Amazon already delivers everything from toothpaste to televisions to your doorstep. Now, it wants to bring your berries and beer, too.

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Business
3:33 pm
Wed June 5, 2013

Komen Cancels Charity Races In Several Cities

Originally published on Wed June 5, 2013 5:19 pm

One of the foremost breast cancer charities, the Susan G. Komen foundation, has canceled important fundraising walks in Washington, D.C., and other major cities next year.

Business
3:33 pm
Wed June 5, 2013

Amazon Faces Tough Sell As Online Grocer

Originally published on Wed July 3, 2013 9:26 pm

Transcript

AUDIE CORNISH, HOST:

After conquering the online department store model, Amazon is eyeing an expansion into the world of grocery shopping. The company has been testing out an online grocery called AmazonFresh in Seattle. Today, there are reports that Amazon plans to expand to other cities around the country. But the business landscape is littered with the graves of online grocers who didn't make it. Remember Webvan? No? That's OK.

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Economy
11:46 am
Wed June 5, 2013

Toledo, Ohio: Chinese Investment Wanted

Originally published on Wed June 5, 2013 2:54 pm

Mayor Michael Bell hopes Chinese investment will help revive his blue-collar city. He helped broker a deal to sell a chunk of Toledo's waterfront to Chinese investors. Host Michel Martin and Mayor Bell discuss investments with China and what he thinks President Obama and China President Xi Jinping can accomplish during their U.S. visit.

Business
11:46 am
Wed June 5, 2013

Hollywood Wants A Piece Of The Action In China's Movie Market

Originally published on Wed June 5, 2013 2:54 pm

Box office receipts in China reached new highs last year, and American filmmakers want to tap into that market. Host Michel Martin speaks with Los Angeles Times reporter John Horn, about the growth of the Chinese movie market, and how Hollywood plans to cash in.

The Two-Way
10:09 am
Wed June 5, 2013

Chrysler 'Puts Reputation At Risk' By Rejecting Recall

Mike Blake Reuters /Landov

Originally published on Wed June 5, 2013 11:47 am

As The Associated Press writes, "a defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision."

The Detroit Free Press says the company has "put its reputation for safety and quality on the line" by initially saying "no" to the National Highway Traffic Safety Administration's request.

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The Two-Way
9:04 am
Wed June 5, 2013

Job Growth Stayed Slow In May, Report Signals

The scene at a jobs fair in Gainesville, Fla., on April 27.
Matt Stamey Gainesville Sun /Landov

There were 135,000 jobs added to private employers' payrolls in May, according to the latest ADP National Employment Report, which was released Wednesday morning.

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Business
8:54 am
Wed June 5, 2013

Jobs Outlook Is Brighter For Class Of 2013

Graduates of Bowie State University wave to friends and family at the school's graduation ceremony in College Park, Md., on May 17. This year's graduates are finding better job prospects than at any time since 2008.
Chip Somodevilla Getty Images

For the last five years, graduation day has been as much a time for apprehension as for celebration.

Even now, with the Great Recession over, many recent graduates are still struggling to turn their high school and college diplomas into tickets for a better life. The unemployment rate for Americans under age 25 remains more than double the overall rate of 7.5 percent.

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The Two-Way
8:09 am
Wed June 5, 2013

British Phone Hacking Scandal: Rebekah Brooks Pleads Not Guilty

Rebekah Brooks, left, the former Chief Executive of News International, and her husband Charlie Brooks leave Southwark Crown Court on Wednesday in London, England.
Peter Macdiarmid Getty Images

Originally published on Wed June 5, 2013 12:04 pm

Rebekah Brooks, the former News International chief executive and former top editor at the tabloid News of the World, pleaded not guilty to five charges related to the phone hacking scandal that has rocked England.

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Business
4:33 am
Wed June 5, 2013

The Last Word In Business

Originally published on Wed June 5, 2013 9:58 am

Domino's Pizza has developed a prototype for aerial pizza delivery. A promotional video follows a custom-built, remote-controlled helicopter as it soars above the countryside carrying two large pizzas. But aviation rules make it unlikely that drone delivery will arrive anytime soon.

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Business
4:33 am
Wed June 5, 2013

Business News

Originally published on Wed June 5, 2013 8:20 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a big no from Chrysler.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Detroit automaker is taking the unusual step of defying the government by refusing to recall some 2.7 million of its vehicles. Federal safety officials say 1993 to 2004 Jeep Grand Cherokees and the 2002 to 2007 Jeep Liberties are dangerous and should be taken off the road. The National Highway Traffic Safety Administration says rear-mounted gas tanks in those vehicles are vulnerable to leaking and catching fire in rear-end collisions.

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Business
4:33 am
Wed June 5, 2013

Report: IRS Fails To Track Many Conference Expenses

Originally published on Wed June 5, 2013 8:20 am

Transcript

LINDA WERTHEIMER, HOST:

Now we turn to a scathing report on expensive conferences held by the IRS. The report by the agency's own inspector general noted the IRS spent about $50 million on employee meetings between 2010 and 2012.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Some of the most egregious examples of questionable spending occurred at a 2010 gathering in Southern California. The IRS paid dearly for some lavish hotel rooms, and spent $34,000 for lodging and related expenses for employees who lived nearby.

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Business
4:33 am
Wed June 5, 2013

Job Market Remains Challenging For 2013 Graduates

Originally published on Wed June 5, 2013 8:52 am

For the past five years, graduation day has been a time of apprehension as much as celebration. Prospects for those entering the workforce for the first time were bleak. The class of 2013 — whether from high school or college — has cause for more optimism than previous classes.

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