From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish at NPR West in California.
MELISSA BLOCK, HOST:
I'm Melissa Block in Washington, D.C.
And we begin this hour with news of two huge corporations, each of them resolving criminal and civil allegations in two separate cases. One is the hedge fund SAC, pleading guilty to insider trading. The other, pharmaceutical giant Johnson & Johnson, paying $2.2 billion to settle criminal and civil investigations. And we'll start with that story.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block in Washington.
AUDIE CORNISH, HOST:
And I'm Audie Cornish at the studios of NPR West in Culver City, California. We're going to kick things off this hour with All Tech Considered because much of my focus out here this week will be tech. In a moment, I'll introduce you to a Silicon Valley company that has revolutionized the way we watch sports on TV, but first, to the week's biggest tech story.
Sportvision uses helicopter and water-based platforms to superimpose the national flags of competing teams over broadcasts of the America's Cup sailing competitions.
Credit Courtesy of Sportvision
Sportvision creates its on-screen graphics, like the Virtual Yellow 1st & Ten line, with infrared sensors attached to uniforms and positioned around the stadium. The line shows viewers how far the offense has to advance the ball to earn a first down.
Originally published on Mon November 4, 2013 3:00 pm
Like professional baseball, the drug industry may need to slap asterisks next to some of its standout sales accomplishments.
Johnson & Johnson became the latest drugmaker to reach a costly agreement with the federal government over charges of improper marketing. The widely anticipated settlement, unveiled Monday, covers Natrecor, a drug for congestive heart failure, and antipsychotics Risperdal and Invega.
Originally published on Mon November 4, 2013 4:28 pm
DAVID GREENE, HOST:
NPR's business news starts with a guilty plea.
(SOUNDBITE OF MUSIC)
GREENE: SAC Capital Advisors is expected to plead guilty to securities fraud today. The hedge fund company has agreed to pay $1.8 billion to settle charges of insider trader. It's said to be the biggest fine ever in a case like this. The settlement will be announced at a news conference later today in New York City. And that's where we've reached NPR's Jim Zarroli. And Jim, explain for us, if you can, what SAC has actually agreed to here.
Depending on how many hours you spent in the backseat being tortured by a sibling or how many hours you spent in the driver's seat being forced by your kids to listen to Beat It, this may not be an anniversary you wish to celebrate.
And the honoree has many critics who say it was just darn ugly when it debuted in 1983.
But there are those who seem to be looking back with fondness on the now 30-year-old life of the Chrysler minivan. After all, it's a vehicle that basically created a market that didn't exist, was imitated by others and became a cultural icon.
A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
Let's talk about smartphones. And for iPhone users, an important decision: when to upgrade. Apple's latest iPhones, the 5S and 5C, have been out for a couple months now. But some people are resisting temptation. They're perfectly happy with their older iPhones, except for one thing, when they upgrade to Apple's new operating system, things slow down.
To talk about how to manage this decision, we're joined - as we often are - by Bloomberg technology columnist Rich Jaroslovsky. Hey, Rich.
And that brings us to today's last word in business: artwork, lost and found.
Authorities in Munich, Germany have uncovered a huge art collection that was thought to have been lost forever. Seized by the Nazis in the 1930s and '40s, this collection reportedly includes more than 1,500 pieces of art by masters like Picasso, Matisse and Chagall. All told, this collection could be worth over $1 billion.
NPR's business news starts with online gambling in Delaware.
The first state to ratify the Constitution is now leading the way in Internet gambling. Starting this week, Delaware gamblers will be able to play poker, roulette, blackjack and slots from the comfort of their own homes - or at a Starbucks somewhere - as long as they're registered through one of the state's three casinos and are physically in Delaware. If you're in Delaware, you can gamble online.
Iran may not love America politically, but Iranians love American food — especially fast food.
With no formal diplomatic relations between the two countries, though, it's rather hard to find a McDonald's or a Pizza Hut. But if you wander through the streets of Tehran, you might find a Pizza Hat or a Mash Donald's.
Consumers shopping for coverage on the new health insurance exchanges have been focused on the lowest-cost options. But some shoppers are trying to determine which plans offer the widest array of doctors and hospitals — and are finding that can be trickier than it sounds.
John Batteiger applied for insurance coverage on the New York state exchange. But after he'd selected a plan, he had second thoughts: He'd forgotten to check if the plan he picked included a hospital near him.
Scandal star Kerry Washington's turn hosting NBC's Saturday Night Live this Saturday has revived criticism of the show's lack of black female cast members. The issue was raised earlier this year when SNL announced five new cast members — four male, all white. The show's lack of black women — only three have ever been cast in 38 years — forces the show's black males to dress as black women, which echoes historic, demeaning issues for black male comics.
Food stamp recipients will see a cut in their benefits starting Friday. For the hungry and unemployed, more cuts may be coming. That's a challenge for the affected families, but it could also be a drain on the broader economy.