Business & Education

All Tech Considered
4:34 pm
Tue April 9, 2013

Austin Is Latest Testbed For Google's High-Speed Experiment

Matthew Marcus works at his desk in the basement of Kansas City Startup Village in Kansas City, Kan., in January. The village houses several startup companies and takes advantage of the high-speed Internet. Google announced on Tuesday it would be installing its Google Fiber network in Austin, Texas, next.
Orlin Wagner AP

Originally published on Tue April 9, 2013 6:34 pm

Google announced Tuesday that its Google Fiber project would be hitting Austin, Texas, next. The company says Austin, famous for its South by Southwest festival, is a "mecca for creativity and entrepreneurialism, with thriving artistic and tech communities."

Google Fiber is the tech giant's blazing fast Internet service, with current rates at 1 Gpbs, about 100 times faster than your typical cable broadband Internet service. It debuted in Kansas City in 2012.

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Business
4:34 pm
Tue April 9, 2013

After Missteps, Does J.C. Penney Stand Another Chance?

After an unsuccessful face-lift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. Some analysts say this might be it for the retailer; others say it must "embrace" its customers to recuperate.
Mary Altaffer AP

Originally published on Tue April 9, 2013 6:34 pm

A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.

J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.

Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.

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Technology
3:38 pm
Tue April 9, 2013

Kansas City Slow To Connect With Google's Super Fast Internet

Originally published on Tue April 9, 2013 6:34 pm

Google has already rolled out an experimental broadband network in parts of Kansas City.

Environment
3:38 pm
Tue April 9, 2013

Keystone XL Pipeline Could Be Huge Boon For Canada

Originally published on Tue April 9, 2013 6:34 pm

Transcript

AUDIE CORNISH, HOST:

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The Two-Way
1:04 pm
Tue April 9, 2013

KPMG Partner May Have Traded Inside Information

Originally published on Tue April 9, 2013 2:20 pm

KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a third-party stock trader.

Nutrient-supplement seller Herbalife briefly halted activity in its shares after the revelation, only reopening trading Tuesday afternoon. The company's stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.

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Intelligence Squared U.S.
11:31 am
Tue April 9, 2013

Should We Abolish The Minimum Wage?

Jared Bernstein and Karen Kornbluh, who argued for keeping the minimum wage, celebrate their win in an Intelligence Squared U.S. debate.
Adelaide Mandeville Intelligence Squared U.S.
  • Listen To The Full Audio Of The Debate
  • Listen To The Broadcast Version Of The Debate

In the 75 years since it was introduced, Americans have been arguing over the minimum wage.

Some say government intervention to artificially raise wages lowers demand for workers and interferes with economic freedom — preventing people who would be willing to work for less from getting jobs at all. They argue that the minimum wage especially hurts teenagers and young adults with few or no skills.

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The Two-Way
11:14 am
Tue April 9, 2013

New Data Show Ford Doing Well In Overseas Markets

A Ford Focus ST was on display at the 2013 North American International Auto Show in Detroit in January.
Stan Honda AFP/Getty Images

Originally published on Tue April 9, 2013 12:27 pm

Which Japanese-manufactured car is the world's most popular vehicle? Maybe none of them. It might just be the Ford Focus.

More than a million Focus models were sold worldwide last year, with Toyota's Corolla coming in second. Next was Ford's top-selling F-Series pickup, sold almost exclusively in the U.S. and Canada, according to the marketing firm R.L. Polk.

Still, there's one caveat. As The Wall Street Journal points out:

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Business
3:34 am
Tue April 9, 2013

Mexico's Magnificent Mangoes

Originally published on Tue April 9, 2013 8:14 am

Transcript

DAVID GREENE, HOST:

All right. If you happen to be listening to this program while having a mango for breakfast, there is a good chance that mango is grown in Mexico. Our neighbor to the south says it is now the world's largest exporter of fresh mangos.

India still reigns king in exports of mango products, but as NPR's Carrie Kahn reports, Mexican mangos are now grown at an astonishing rate and the American market is the main target.

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Economy
3:34 am
Tue April 9, 2013

Margaret Thatcher's Economy

Originally published on Tue April 9, 2013 8:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. Steve Inskeep is in Venezuela, reporting this week on that country's presidential election, and he'll be on the program tomorrow. I'm David Greene.

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Business
3:34 am
Tue April 9, 2013

The Last Word In Business

Originally published on Tue April 9, 2013 8:14 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: Money may not buy you everything.

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Business
3:34 am
Tue April 9, 2013

BP Trial Update

Originally published on Tue April 9, 2013 8:14 am

Transcript

DAVID GREENE, HOST:

In a courtroom in New Orleans, the oil giant BP has begun presenting its defense in a case connected to the 2010 Gulf of Mexico oil spill. Plaintiffs include individuals and businesses hurt by the spill, as well as and state and federal governments. And they've argued BP was grossly negligent in drilling the deep water well.

But now it's BP's turn. The company argues that contractors who helped it drill should share the blame for the accident, which killed 11 workers and spilled more than four million barrels of oil.

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Business
3:34 am
Tue April 9, 2013

J.C. Penney CEO Johnson Is Forced Out

Originally published on Tue April 9, 2013 8:14 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with J.C. Penney's revolving door.

(SOUNDBITE OF MUSIC)

GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.

Here's NPR's Wendy Kaufman.

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Reporter's Notebook
5:15 pm
Mon April 8, 2013

Iowa Town Braces For New Reality In Factory Closure's Wake

Main Street in Webster City, Iowa, has so far survived the 2011 closure of an Electrolux factory. But retraining funds and unemployment are running out for former workers, leaving businesses worried that a serious downturn is ahead.
Andrea Hsu NPR

What becomes of a city of 8,000 people when its main employer leaves town? What does it look like, and what does it feel like? I set out to answer those questions on a trip to Webster City, Iowa, last month, as part of my report on the Swedish appliance maker Electrolux.

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Business
4:21 pm
Mon April 8, 2013

One Manufacturing Giant Creates Winners And Losers

Electrolux's new plant in Memphis, Tenn., is the Swedish appliance company's most modern and high-tech facility. The factory will open this summer while an Electrolux plant in Quebec, Canada, is being shuttered.
Andrea Hsu NPR

Originally published on Mon April 8, 2013 8:59 pm

The United States lost close to 6 million manufacturing jobs between 2000 and 2009. Now, slowly, some of those jobs are coming back. Over the past three years, the U.S. economy has gained a half-million manufacturing jobs.

But even with the manufacturing recovery, there are both winners and losers — and sometimes they're created by the same company.

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The Two-Way
4:03 pm
Mon April 8, 2013

Climate Change Could Equal Teeth-Rattling Flights

Fly the bumpier skies?
AFP/Getty Images

Originally published on Mon April 8, 2013 5:23 pm

Buckle up — climate change could make this a bumpy flight.

That's according to a newly published study by two British scientists who say increased levels of CO2 in the atmosphere will make "clear air turbulence" — which can't be easily spotted by pilots or satellites — more common over the North Atlantic. That means the potential for gut-wrenching flights between the U.S., Europe and points east.

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