Business & Education

It's All Politics
4:23 pm
Fri February 1, 2013

Why Steven Chu Was One Of Obama's Most Intriguing Choices

Energy Secretary Steven Chu tours the Vogtle nuclear power plant in Waynesboro, Ga., last year.
David Goldman AP

Originally published on Fri February 1, 2013 4:43 pm

Of all the individuals in President Obama's first-term Cabinet, physicist Steven Chu was arguably the least likely to be found in official Washington.

The Energy Department secretary, after all, was a Nobel Prize-winning physicist from the University of California, Berkeley, the first science laureate to serve as a Cabinet secretary.

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The Two-Way
3:29 pm
Fri February 1, 2013

Dow Breaks 14,000 For First Time Since 2007

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.
Richard Drew AP

Originally published on Fri February 1, 2013 3:32 pm

Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.

The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.

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Media
3:10 pm
Fri February 1, 2013

For Super Bowl Ads, More Social-Media Savvy

Deutsch LA

Originally published on Fri February 1, 2013 6:17 pm

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The Two-Way
12:13 pm
Fri February 1, 2013

Taxi! Chinese Company Finds Fair Deal In London Cab Maker

Black taxis drive down The Mall in London. A Chinese company rescued the British automaker that manufactures the famous cabs.
Pierre-Philippe Marcou AFP/Getty Images

The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.

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Economy
10:54 am
Fri February 1, 2013

Can A Housing Comeback Save Lagging Job Numbers?

Originally published on Fri February 1, 2013 11:12 am

The winter may not be over, but economists are looking to spring for good news when it comes to jobs. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about whether a strengthening housing market could boost stalling jobs numbers.

Business
9:57 am
Fri February 1, 2013

Jobs Still Lag, But Homebuilding May Soon Help

A new home under construction in Pepper Pike, Ohio. This spring's jobs data could look much brighter if housing heats up.
Tony Dejak AP

Originally published on Sat February 2, 2013 3:43 pm

Here in the depths of winter, U.S. economic numbers aren't looking so hot. This week, new reports showed growth started to freeze up last fall, and the unemployment rate rose a bit in January, to 7.9 percent.

But most economists say you shouldn't let those cold facts fool you: This spring's data could look much brighter if the housing market continues to heat up.

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The Salt
9:10 am
Fri February 1, 2013

A Quest For Real Beer, Without The Gluten

More and more gluten-free beers are entering the marketplace. We asked a librarian with celiac disease for her list of favorites.
Bill Chappell NPR

Originally published on Fri February 1, 2013 12:39 pm

Anyone who gives up gluten, either by choice or medical necessity, will inevitably feel a twinge of regret bidding adieu to bread, pasta or pastries. But for some, the greatest hardship may be saying no to beer — especially at times like Super Bowl Sunday, when having a cold one in hand is part of many people's game day tradition.

So it's no small thing that a growing number of brewers are offering gluten-free beers that are both tasty and satisfying.

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Planet Money
9:08 am
Fri February 1, 2013

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report

bgottsab Flickr

Originally published on Fri February 1, 2013 12:25 pm

What's today's big jobs report say?

The U.S. economy lost 2.8 million jobs jobs in January.

What?!

Don't panic. The U.S. economy loses millions of jobs every January, in good times and bad, largely because tons of seasonal holiday jobs always wind down after Christmas.

So if you set aside the normal, seasonal stuff, how is the job market doing?

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The Two-Way
8:36 am
Fri February 1, 2013

Wacky Super Bowl Ads Are Already Getting Serious Play

The Volkswagen Super Bowl 2013 commercial is among the ads that already surfaced on social media. Some critics say its racial tone is demeaning.
Volkswagen via Youtube

Originally published on Fri February 1, 2013 4:07 pm

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Business & Education
8:26 am
Fri February 1, 2013

Auburn Trustees Select 2 to Board Positions

facebook.com

The Auburn University Board of Trustees has approved two men for positions on the board.


The Opelika-Auburn News reports (http://bit.ly/WCL75N) that the board made the decision during a meeting in Montgomery Thursday afternoon.


Mike DeMaioribus was approved as the District 8 trustee; and Wayne Smith was approved as an at-large trustee.


The 58-year-old DeMaioribus is the senior vice president at Dynetics Inc., a Huntsville-based company that specializes in intelligence, missiles, aviation and space.

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The Two-Way
7:38 am
Fri February 1, 2013

Unemployment Rate Ticked Up In January; 157,000 Jobs Added

Job seekers came to the ThistleDown Racino and Horseshoe Casino in Warrensvile Hts., Ohio, last month.
Chuck Crow The Plain Dealer /Landov

Originally published on Fri February 1, 2013 9:47 am

(We updated the top of this post at 10:15 a.m. ET.)

The U.S. economy produced several hundred thousand more jobs than previously thought in 2011 and 2012 even as the nation's jobless rate remained stuck at a relatively high level, new data from the Bureau of Labor Statistics show.

While BLS said the unemployment rate ticked up to 7.9 percent in January from 7.8 percent the month before, it also reported that:

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Baldwin County anti-bullying
6:30 am
Fri February 1, 2013

Ala. Officials Form Anti-Bullying Initiative

The Baldwin County District Attorney's office has partnered with the Baldwin County Public School System to launch a comprehensive anti-bullying initiative.


District Attorney Hallie Dixon says research shows about half of all children experience bullying at some point in their educational careers, and many are repeatedly targeted.


The initiative is aimed at raising awareness, crafting tools for bullying prevention and reporting methods and helping to generate a community-wide response to bullying.


Copyright 2013 The Associated Press.

NPR Story
5:09 am
Fri February 1, 2013

The Last Word In Business

Originally published on Fri February 1, 2013 12:09 pm

Transcript

RENEE MONTAGNE, HOST:

And now to Google, which is looking for some hackers to ride to the top in an unusual competition. Our last word in business is: pi contest, as in 3.14.

STEVE INSKEEP, HOST:

Three point one four, that's the amount in millions of dollars that Google is offering in what its Podium Hacking Contest. The challenge here is to hack the Google Chrome operating system and expose security flaws.

Travis McCoy is the product manager for Chrome and we asked him why pi.

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Business
5:05 am
Fri February 1, 2013

Justice Department Moves To Block Beer Merger

Originally published on Fri February 8, 2013 9:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with fears of a beer monopoly.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Justice Department has filed a lawsuit to block Anheuser-Busch InBev from buying Grupo Modelo, the brewer of Corona.

As NPR's Ailsa Chang reports, the government says preventing the acquisition is the only way to keep beer prices down.

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Business
5:05 am
Fri February 1, 2013

Advertisers Want Eye Balls On Sunday's Super Bowl

Originally published on Mon February 4, 2013 7:59 am

Transcript

STEVE INSKEEP, HOST:

Something tells me a few people may be hoisting a few cold ones on Sunday. One hundred ten million people are expected to tune into the Super Bowl then. And, of course, it's not just the game that attracts people, it's also the ads. Viewers who watched the 1984 Super Bowl may not recall who won the game, but they may well remember the ad that Ridley Scott directed for Apple. And you may not recall very many plays from last year's Super Bowl, but I bet you heard about the Chrysler ad starring Clint Eastwood.

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