Business & Education

Around the Nation
4:18 am
Tue April 2, 2013

In Bankruptcy, Stockton Must Decide Pension Issue

Originally published on Tue April 2, 2013 5:04 am

Transcript

STEVE INSKEEP, HOST:

A federal judge has ruled that Stockton, California, may enter into bankruptcy proceedings. That opens the way for Stockton to become America's largest bankrupt city. The population there is 300,000, bigger than Cincinnati, Newark, New Jersey or St. Paul, Minnesota. NPR's Richard Gonzalez reports that others cities share Stockton's problems.

Read more
Financial Basics For Baby Boomers
2:23 am
Tue April 2, 2013

Deciding The Right Time To Claim Social Security

The importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.
iStockphoto.com

Originally published on Tue April 2, 2013 7:45 am

When it comes to claiming Social Security benefits, there is no magic age. Today's boomers can begin collecting full benefits at 66, tap in early for a modified benefit at 62 or delay receiving benefits until 70.

But the importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.

Read more
Law
2:22 am
Tue April 2, 2013

States Propose Crackdowns On Copper Theft

Everything from telephone wire to plumbing is a target for copper thieves, and lawmakers in nearly half the states are considering legislation aimed at making it harder to sell the stolen metal.
iStockphoto.com

Originally published on Tue April 2, 2013 7:59 am

The price of copper remains at near historic highs, and that means so, too, does the amount of copper getting stolen.

Everything from telephone wire to plumbing is a target, and lawmakers in nearly half the states are considering legislation aimed at making it harder for thieves to sell the stolen metal.

James City County in southeastern Virginia has seen a spate of recent copper thefts. Maj. Steve Rubino with the county police department says there have been six major incidents since January.

Read more
Technology
4:12 pm
Mon April 1, 2013

Tech Week Ahead: Rumors Of A Facebook Phone

Originally published on Mon April 1, 2013 4:17 pm

Steve Henn looks at this week's technology news, including a possible Facebook phone announcement on Thursday and a nod to the multiple April Fools' Day jokes on the Internet.

Business
4:12 pm
Mon April 1, 2013

Electric Car Company Posts Its First Profit While Another May File For Bankruptcy

Originally published on Mon April 1, 2013 4:17 pm

Two startup automakers with big ambitions for electric vehicles appear to be headed in different directions. Luxury plug-in hybrid maker Fisker has hired a law firm to advise it on a possible bankruptcy, according to multiple published reports. Electric car maker Tesla announced on Monday that it expects to turn its first ever profit in the first quarter.

Economy
4:11 pm
Mon April 1, 2013

Stockton Bankruptcy Case Defers Decision On Pensions

An aging sign at City Hall in Stockton, Calif. A judge has ruled that the city is eligible for federal bankruptcy protection.
Justin Sullivan Getty Images

Originally published on Mon April 1, 2013 7:41 pm

U.S. Bankruptcy Judge Christopher Klein ruled Monday on the most important question facing Stockton, Calif. — whether it could enter into federal bankruptcy protection.

Klein agreed that the city is, in fact, broke.

But he didn't decide the question of whether the city must renegotiate its pension obligations, as some of its creditors had hoped.

Read more
The Two-Way
3:55 pm
Mon April 1, 2013

Hard Times At Apple: Apology To China Comes As Stock Slides

People line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing.
Andy Wong AP

In an unusual move on Monday, Apple CEO Tim Cook apologized to Chinese customers over the company's warranty policy and vowed to improve customer service in the country.

Read more
The Two-Way
1:57 pm
Mon April 1, 2013

Electric Car Maker Tesla Will See First Quarterly Profit

A Tesla Model S drives outside the Tesla factory in Fremont, Calif., on June 22. The electric car was named Automobile of the Year by Automobile Magazine and Car of the Year by Motor Trend.
Paul Sakuma AP

Tesla Motors, the car company on a mission to change the auto industry, announced late Sunday that it's finally turning a profit this quarter.

The company said it will deliver 4,750 of its flagship Model S, its much-lauded four-door, luxury sports sedan. That amount exceeds its earlier estimates of 4,500 cars sold this quarter.

Read more
The Two-Way
10:47 am
Mon April 1, 2013

Patent Ruling In India Could Boost Exports Of Cheap Medicine To Third World

A Novartis office in Mumbai, India.
Divyakant Solanki EPA /LANDOV

Originally published on Mon April 1, 2013 4:17 pm

A decision by India's Supreme Court to reject Novartis AG's bid to patent a version of one cancer drug could lead to more exports of cheap medicine from that country to "poor people across the developing world," the BBC writes.

NPR's Julie McCarthy tells our Newscast Desk that the ruling, announced Monday, ends a six-year legal battle that has been closely watched by pharmaceutical firms, humanitarian aid organizations and generic drug manufacturers.

She adds that:

Read more
School Security
8:01 am
Mon April 1, 2013

Survey: Ala. Teachers Support Having Armed Guards

A new survey of Alabama teachers finds that a majority of them support having armed security officers in their schools.

The same survey found that teachers who responded said they oppose allowing administrators and teachers having guns in school.


Al.com reports (http://bit.ly/14zGVZr) that the survey was conducted by the Capital Survey Research Center, the polling arm of the Alabama Education Association.

Read more
Business
3:42 am
Mon April 1, 2013

Novartis Loses Patent Battle In India

Originally published on Fri April 5, 2013 7:50 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a patent ruling that may affect millions.

(SOUNDBITE OF MUSIC)

Business
3:42 am
Mon April 1, 2013

The Last Word In Business

Originally published on Fri April 5, 2013 7:50 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is one of this year's contenders for highest profile April Fools joke.

The video-sharing website YouTube announced yesterday it's shutting down.

DAVID GREENE, HOST:

In a video message, YouTube executives said that the whole site was actually designed as an eight-year contest to find the best video on the web. Well, eight years are up. And now panel of experts, the company said, will spend the next decade watching everything uploaded on the site to choose a winner.

Read more
Business
2:23 am
Mon April 1, 2013

EPA's Push For More Ethanol Could Be Too Little, Too Late

A decal advertising E85 ethanol is displayed on a pump at a gas station in Johnston, Iowa.
Justin Sullivan Getty Images

Originally published on Fri April 5, 2013 7:50 am

The U.S. Environmental Protection Agency could soon issue a final ruling that aims to force oil companies to replace E10, gasoline mixed with 10 percent ethanol, with E15.

This move could come just as widespread support for ethanol, which is made from corn, appears to be eroding.

Mike Mitchell was once a true believer in ethanol as a homegrown solution to foreign oil imports. He owns gas stations, and he went further than most, installing expensive blender pumps that let customers choose E15, E20 and all the way up to E85.

Read more
Arts & Life
2:19 am
Mon April 1, 2013

'A Lovely Feeling': Celebrating Older Women With Fabulous Style

Ilona Royce Smithkin, 93, cut her red hair to make her eyelashes.
Courtesy of Ari Seth Cohen

Originally published on Fri April 5, 2013 7:50 am

The fashion industry is sometimes criticized for unrealistic portrayals of young women. But if you're a woman older than 60, there are almost no portrayals, realistic or otherwise. Fashion may be something you have to invent more than follow. A blog called Advanced Style focuses on women who've done just that.

Read more
The Two-Way
6:34 am
Sun March 31, 2013

Cause Of Exxon Oil Spill In Arkansas Under Investigation

Originally published on Sun March 31, 2013 2:18 pm

Authorities are investigating what caused an Exxon Mobil pipeline to rupture in Mayflower, Ark., Friday. The oil spill caused 22 homes to be evacuated, according to an Exxon statement.

Read more

Pages