The saga over the darling of the condiment world, Sriracha, continues.
The popular hot sauce in the rooster bottle is made by Huy Fong Foods in the Los Angeles suburb of Irwindale. The city has had to balance its need for business success against complaints from some residents about spicy fumes from the plant.
Wednesday night, after a contentious hearing, Irwindale's city council decided to give Huy Fong a bit more time to figure out how to contain those fumes.
The Alabama Senate has approved six trustees for the University of Alabama System.
The Senate voted unanimously Wednesday for two new trustees, Harris V. Morrissette of Mobile and John D. Johns of Birmingham. The Senate also voted unanimously to approve new terms for existing trustees Joe Espy of Montgomery, Marietta Urquhart of Mobile, Andria Scott Hurst of Birmingham, and Finis St. John IV of Cullman.
Alabama's board of trustees selects its own members subject to approval by the state Senate. The trustees oversee campuses in Tuscaloosa, Birmingham and Huntsville.
When you hear the word outsourcing, you might think of threats to American jobs. To cyber experts, there's another threat: to our data.
This week, thousands of the industry's leading minds from around the world are discussing the Internet and security at their annual powwow in San Francisco, the RSA Conference. These topics matter more and more to us non-experts, especially as people become the victims of cybercrime.
Top executives at one of Switzerland's biggest banks said today they're sincerely trying to prevent tax evasion by U.S. citizens. They also said conflicting laws in the two countries make it almost impossible to do that. The chief executive of Credit Suisse appeared before the Senate Permanent Subcommittee on Investigations, which has been looking into the use of secret Swiss bank accounts by Americans.
Originally published on Wed February 26, 2014 2:16 pm
The U.S. Supreme Court ruled today that investor lawsuits may go forward against investment advisors and others for allegedly helping Texas tycoon Allen Stanford in a massive fraud.
Stanford was sentenced to 110 years in prison for bilking investors in a $7 billion Ponzi scheme. The investors who lost money are suing others involved in the scheme, contending that they also engaged in misleading conduct.
One of Bitcoin's largest trading exchanges shut down Tuesday, and you probably couldn't care less.
So what if rumors are circulating that millions of dollars' worth of Bitcoin are stolen? If you don't understand Bitcoin in the first place, it's hard to figure out why this matters. So we're using this as an opportunity to go back to the basics: what this b-word means, where it came from and why it just might matter.
Originally published on Wed February 26, 2014 4:28 pm
One day last year, an engineer and I went to a pizza place for lunch. The engineer told me he wasn't very hungry, but he said he was going to get the 12-inch medium instead of the 8-inch small — because the medium was more than twice as big as the small, and it cost only a little bit more. This sort of blew my mind.
AdAge reports the national milk industry will drop the famous Got Milk campaign that has run for the last couple of decades - so goodbye to the milk mustache that's adorned the upper lip of many a celebrity.
NPR's business news starts with sky high costs for airline miles.
(SOUNDBITE OF MUSIC)
GREENE: And we're not talking about actually buying airline miles. But starting today, Delta Airlines will be the first major carrier to tie frequent flier points to how much you pay for your ticket - not how far you fly. This means in most cases, business-class will earn more points than coach and first class tickets will earn even more.