Business & Education

Business
3:42 am
Wed April 17, 2013

American Airlines Blames Computers Issues For Cancellations

Originally published on Wed April 17, 2013 1:46 pm

Transcript

DAVID GREENE, HOST:

Well, yesterday was not a day that you wanted to be traveling on American Airlines. The carrier cancelled all of its main routes for several hours, and also many of its commuter flights, as well. Almost 2,000 flights were infected in all. American blames computer networking problems.

NPR's Wendy Kaufman reports.

(SOUNDBITE OF CROWD CHATTER)

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Economy
3:42 am
Wed April 17, 2013

IMF Trims Its Global Growth Forecast

Originally published on Wed April 17, 2013 1:46 pm

Transcript

STEVE INSKEEP, HOST:

The International Monetary Fund has trimmed its forecast for global growth.

NPR's John Ydstie reports the outlook was adjusted downward, largely because so much of Europe is still in recession.

JOHN YDSTIE, BYLINE: The IMF projects the Euro area economy will shrink three-tenths of a percent this year, but return to positive growth next year.

Meanwhile, the IMF forecast, called the World Economic Outlook, predicts the U.S. will grow just under two percent this year and around three percent in 2014.

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Business
3:42 am
Wed April 17, 2013

Business News

Originally published on Wed April 17, 2013 1:46 pm

Transcript

DAVID GREENE, HOST:

NPR's business news begins with fresh but not easy.

(SOUNDBITE OF MUSIC)

GREENE: Britain's largest retailer is taking a big loss as it announces it will shut down its West Coast grocery store chain Fresh & Easy. Tesco launched the chain in 2007 with nearly 200 stores throughout California, Nevada and Arizona.

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The Two-Way
3:54 pm
Tue April 16, 2013

American Airlines Grounds All Flights Due To Computer Glitch

American Airlines flights were grounded for two hours on Tuesday due to a glitch in the reservation system, the airline says.
Tom Pennington Getty Images

A computer glitch in the reservations system at American Airlines caused all of the carrier's flights to be grounded for at least two hours on Tuesday.

"American's reservation and booking tool, Sabre is offline," American Airlines spokeswoman Mary Frances Fagan told Reuters in an email. "We're working to resolve the issue as quickly as we can. We apologize to our customers for any inconvenience."

NPR's Wade Goodwyn reports that the outage was announced about 2:30 p.m. Eastern time.

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Business & Education
3:04 pm
Tue April 16, 2013

Quality Conundrum: Complications Boost Hospital Profits

If he messes up, should the hospital profit?
iStockphoto.com

Originally published on Wed April 17, 2013 4:35 pm

Hospitals can make much more money when surgery goes wrong than in cases that go without a hitch.

And that presents a problem for patients. The financial incentives don't favor better care.

"The magnitude of the numbers was eye-popping," says Atul Gawande, a professor of surgery at Harvard Medical School, and an author of the study, which was just published in JAMA, the Journal of the American Medical Association. "It was much larger than we expected."

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The Two-Way
9:09 am
Tue April 16, 2013

IMF Lowers 2013 Economic Growth Forecasts

The IMF says economic woes in places like Cyprus will tamp down global growth.
Patrick Baz AFP/Getty Images

Originally published on Tue April 16, 2013 11:30 am

The International Monetary Fund has lowered its projections for global economic growth, including in the United States, citing sharp cuts in government spending and the struggling eurozone.

The Washington, D.C.-based international lender's World Economic Outlook shaved its 2013 forecast to 3.3 percent from 3.5 percent. It also trimmed its projection for 2014 to 4 percent from 4.1 percent.

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Business & Education
8:15 am
Tue April 16, 2013

Unions Work to Organize Workers at Ala. Auto Plant

The Mercedes-Benz Plant in Vance, Alabama.
automotiveaddicts.com

A major union is trying to organize workers at Alabama's Mercedes-Benz plant near Tuscaloosa.


The Tuscaloosa News reports that the United Auto Workers has created a website -- uawvance.com -- targeting workers at the plant in Vance.


Al.com reports that the UAW is trying to organize workers at the 3,000-employee plant in an effort supported by the German union IG Metall.

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The Two-Way
7:51 am
Tue April 16, 2013

Housing Starts Surged In March, Pace Is Fastest In 5 Years

A home under construction in Provo, Utah, earlier this year.
George Frey Landov

Originally published on Tue April 16, 2013 11:52 am

There was a 7 percent surge in housing starts last month, the Census Bureau and Department of Housing and Urban Development report.

As The Associated Press notes, the pace of construction — 1.04 million starts, at an annual rate — is the fastest in nearly five years and is another sign that the housing sector continues to recover from its 2007-08 crash.

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Business
4:29 am
Tue April 16, 2013

Business News

Originally published on Tue April 16, 2013 1:04 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with gold losing some of its glitter.

(SOUNDBITE OF MUSIC)

INSKEEP: The explosions in Boston and a report showing China's economy to be slowing caused upheaval in many markets yesterday. But gold took the spotlight when its price dropped by more than 9 percent by the end of trading. This is the sharpest daily decline in the gold price in 30 years. Analysts say it suggests investors are losing faith in the precious metal as a safe haven.

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Business
4:29 am
Tue April 16, 2013

The Last Word In Business

Originally published on Tue April 16, 2013 1:04 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Pulitzer - or Pulitzer, as they used to pronounce it when I was growing up in Indiana.

Yesterday, the Pulitzer Prize winners were announced. The New York Times led the way, taking four awards for its reporting.

DAVID GREENE, HOST:

And in the arts category, this year marked the return of the prize for fiction. No winner was chosen in 2012. This year, Adam Johnson took the fiction prize for his book, "The Orphan Master's Son."

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Business
4:29 am
Tue April 16, 2013

Bankruptcy Affects More Than Patriot Coal's Retired Miners

Originally published on Tue April 16, 2013 1:04 pm

Retired miners are converging on St. Louis Tuesday for a union rally to protest a proposed cut in health benefits. Patriot Coal is in bankruptcy and has asked a federal judge to allow it to shed most of the health coverage for nearly 10,000 retired miners. But most of those miners never worked a day for Patriot.

Planet Money
2:55 am
Tue April 16, 2013

Most People Are Supposed To Pay This Tax. Almost Nobody Actually Pays It.

Amazon doesn't charge sales tax in most states — but you may still be on the hook to pay the tax.
Scott Sady AP

Originally published on Tue April 16, 2013 1:17 pm

The majority of Americans have now filed their taxes. And the majority of Americans have done so incorrectly.

There is one mistake, in particular, that lots of people made: They bought tax-free things online or in another state — and they failed to pay tax on their purchase in their home state.

It's called a use tax. As far as I can tell, accountants and tax lawyers are some of the only people who pay it.

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Media
6:15 pm
Mon April 15, 2013

Coveted Pulitzer Prizes Announced

Originally published on Mon April 15, 2013 9:02 pm

Transcript

ROBERT SIEGEL, HOST:

The 2013 Pulitzer Prizes were awarded today in journalism, fiction, poetry, drama and music. Among the winners: many of the most prominent news organizations and some less prominent. NPR media correspondent David Folkenflik joins us now from our bureau in New York. And, David, tell us about some of today's winners.

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Business
6:14 pm
Mon April 15, 2013

Dish Satellite Network Tries To Upend Sprint Deal

Originally published on Mon April 15, 2013 9:02 pm

Transcript

ROBERT SIEGEL, HOST:

The satellite TV provider Dish Network made an aggressive bid today to move into wireless telecom. The company offered $25.5 billion to buy Sprint Nextel, the nation's third largest wireless carrier.

As NPR's Yuki Noguchi reports, the problem for Dish is that Sprint has already agreed to sell most of itself to a Japanese telecom company called SoftBank.

YUKI NOGUCHI, BYLINE: Charles Ergen sold satellites from his car in 1980. Now, Dish Network is the third largest video provider in the U.S.

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The Salt
4:06 pm
Mon April 15, 2013

A Tax Day Story For Hard-Cider Lovers

Is small-batch hard apple cider the next microbrew? It seems everybody and their brother is experimenting with ways to make the potent stuff profitable. Sales of domestically produced hard cider have more than tripled since 2007, according to beverage industry analysts — and that's not counting Europe, where it has held a steady popularity for centuries.

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