Business & Education

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KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a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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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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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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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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Author Interviews
1:12 pm
Mon April 8, 2013

The 'Alchemists' Who Control The Purse Strings Of The Economy

Cover of The Alchemists

Originally published on Mon April 8, 2013 2:03 pm

As the U.S. economy struggles to recover from the financial crash, and Europe is buffeted by a series of banking crises, attention has focused on the presidents and prime ministers who've tried to cope with it all. Journalist Neil Irwin, an economics writer for The Washington Post, says there's an elite group of policymakers who can make enormously important decisions on their own, often deliberating in secret, and in many ways unaccountable to voters.

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The Two-Way
11:38 am
Mon April 8, 2013

Complaints Soar, But Airlines' Quality Rating Stays High

Originally published on Tue April 9, 2013 8:07 am

In what would seem to be a contradiction, a respected study says that the quality of service provided by U.S. airlines remained near an all-time high last year even as passengers' complaints soared 22 percent.

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Race
10:54 am
Mon April 8, 2013

From Dishwashers To Head Chefs

Originally published on Mon April 8, 2013 1:52 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll hear the latest installment in our tweet poetry series, Muses and Metaphor, but first, we'd like to talk about an effort to add some flavor to the top ranks of restaurant kitchens in America's spiciest city.

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Airbus Mobile
8:15 am
Mon April 8, 2013

Airbus Breaking Ground on South Alabama Plant

Brookley Aeroplex in Mobile, Alabama.
Airbus

Airbus is breaking ground on its new aircraft assembly plant in Mobile.


Top executives will be in the port city Monday for a ceremony to mark the start of construction on the Airbus plant at Brookley Aeroplex.


The $600 million factory is expected to employ 1,000 people once production of the Airbus A320 jet begins around 2015.


The state's first major Airbus supplier, Safran Engineering Services, is opening its new office in Mobile on Monday. The company plans to employ as many as 50 people at an engineering support facility.

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