Business & Education

Business & Education
8:18 pm
Sun February 16, 2014

Gun Maker Opening Plant in Huntsville

valmontfirearms.co.uk

A plan by Remington Outdoor Co. to open a plant in Huntsville that could employ thousands of workers has won the support of Republican Sen. Jeff Sessions. In a statement Sunday, Sessions said his office warmly welcomes the firearms manufacturer, and looks forward to the company's long-term success in the area. The company also makes ammunition and accessories. Sessions says the company's decision to open a plant in Huntsville "is great news and a further testament to the world class workforce" in the city. Although Remington officials haven't officially announced the deal, Gov.

Business
8:09 am
Sun February 16, 2014

The Green Rush Begins: Investors Get In On Pot's Ground Floor

Marijuana is sold for recreational use in Denver. Legalization of pot has set off a "green rush" to invest among venture capitalists.
Brennan Linsley AP

Originally published on Sun February 16, 2014 10:44 am

In the past, you could go to jail for selling marijuana. Now, depending upon where you live, you could end up going to the bank.

Medical marijuana is now legal in 20 states, and legislation is pending in 13 others. It's become a $1.5-billion-a-year industry, and it's expected to triple in just a few years. With legal cannabis one of the world's fastest growing market sectors, investors are seeing green.

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The New And The Next
4:00 pm
Sat February 15, 2014

Super-Secure, Temporary Texts Draw Interest Of Business Crowd

Image Source

Originally published on Sun February 16, 2014 12:00 pm

The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.

This week, Watson talks with host Arun Rath about a new texting service that promises tight security. While Snapchat has become a popular way to text photos that disappear after a number of seconds, recent hacks have raised questions about its security. A service called Privatext provides an alternative that has gained interest among some professionals.

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Around the Nation
10:13 am
Sat February 15, 2014

Tenn. Workers Vote To Reject Union At VW Plant

Originally published on Sat February 15, 2014 12:13 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. Tough night for the United Auto Workers. The union hoped employees at Volkswagen's only U.S. plant might help give them a foothold into foreign-owned auto plants across the South, but VW workers voted no, and Volkswagen had not opposed their efforts. Blake Farmer of member station WPLN in Nashville has been covering the story and joins us now. Blake, thanks for being with us.

BLAKE FARMER, BYLINE: Thanks for having me.

SIMON: Didn't the union think they had the numbers?

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The Two-Way
9:56 pm
Fri February 14, 2014

Tenn. VW Workers Reject Move To Join Union

Volkswagen's car plant in Chattanooga, Tenn., is the company's only one in the U.S. Its employees voted this week on whether to join the United Auto Workers union.
Volkswagen

Some 1,500 workers at a Volkswagen plant in Tennessee have voted not to join the United Auto Workers union. The tally of the three-day vote follows days of political prodding from both sides of the issue.

The 712-626 vote was a devastating blow to the UAW, which had tacit support from VW. The union had hoped to make inroads in auto plants in the South, where organizers have been striving for decades to represent factory workers.

VW had even allowed organizers into the plant to make their sales pitches.

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Law
5:32 pm
Fri February 14, 2014

With New Rules, Pot Business Gets A Little Less Hazy For Banks

Originally published on Fri February 14, 2014 6:58 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

The Treasury and Justice Departments today sought to clarify for banks how they might navigate the murky legal waters of the marijuana business. Murky because pot is legal in a growing number of states but remains illegal under federal law. NPR's Yuki Noguchi reports on these new terms under which a bank must operate if it wants to offer financial services to this emerging industry.

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The Two-Way
3:29 pm
Fri February 14, 2014

Feds Clear Banks To Do Business With Budding Pot Industry

A bag of marijuana being prepared for sale sits next to a money jar at BotanaCare in Northglenn, Colorado, in this file photo taken on December 31, 2013.
Rick Wilking Reuters/Landov

The federal government on Friday issued guidelines for banks seeking to do business with the legal marijuana industry, stopping short of a blanket immunity for them, but strongly indicating that prosecutions for such crimes as money laundering would be unlikely.

NPR's Yuki Noguchi reports that the Department of Justice and Treasury Department on Friday sought to "clarify rules for banks trying to navigate the murky legal waters of the marijuana business. Murky, because pot is legal in a growing number of states, but remains illegal under federal law."

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All Tech Considered
11:35 am
Fri February 14, 2014

Tech Week: Love In Digital Times, Big Cable, Facebook Genders

Comcast announced a $45 billion offer for Time Warner Cable this week.
Joe Raedle Getty Images

Happy Valentine's Day to you and your sweethearts. Since we saw that the holiday was falling on a Friday this year, our tech reporting team spent the week exploring love in the digital age. To go along with the theme week, our weekly innovation pick was Nothing. Emily Siner explains in the post.

What were you talking about this week? Be part of the conversation in our comment section below or tweet at us.

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The Two-Way
9:56 am
Fri February 14, 2014

Shiny And New: World's Largest Solar Plant Opens In California

NRG celebrates the future of solar energy at the grand opening of the Ivanpah Solar Electric Generating System on Thursday in Nipton, Calif.
Jeff Bottari Invision for NRG

Originally published on Mon February 17, 2014 1:41 pm

The world's largest solar power plant, made up of thousands of mirrors focusing the sun's energy, has officially started operations in the Mojave Desert, just inside southeastern California near the border with Nevada.

The $2.2 billion, 400-megawatt Ivanpah Solar Electric Generating System, which covers 5 square miles and has three 40-story towers where the light is focused, is a joint project by NRG Energy, Google and BrightSource Energy. The project received a $1.6 billion federal loan guarantee.

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Business
6:52 am
Fri February 14, 2014

Jos. A. Bank To Buy Eddie Bauer

Originally published on Fri February 14, 2014 10:10 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a big clothing purchase.

(SOUNDBITE OF MUSIC)

INSKEEP: Big purchase this morning. The giant clothing chain store Joseph A. Bank announced it has agreed to buy casual sportswear maker Eddie Bauer for $825 million in cash and stock. That's a lot of short sleeve shirts. This acquisition comes in the midst of ongoing hostile efforts by Joseph A. Bank and its main competitor Men's Warehouse to buy each other. Transcript provided by NPR, Copyright NPR.

Business
6:03 am
Fri February 14, 2014

Businesses Face Challenges This Valentine's Day

Originally published on Fri February 14, 2014 6:26 am

Because of bad weather, the sheriff in Oconee County, Georgia, officially postponed Cupid's holiday. In Detroit, a flower shop owner used a drone to deliver a bouquet. He got a call from the FAA.

Business
6:03 am
Fri February 14, 2014

Tesla Stock Hits Record High

Originally published on Fri February 14, 2014 6:18 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with an electric high.

No. No. No. People have not come up with an e-Joint. Shares of Tesla Motors crossed the $200 barrier yesterday before falling back down to around $197. That was a record high for the upstart electric car maker. In the last month, Tesla stock has soared more than 43 percent.

The luxury automaker share price quadrupled in 2013. Transcript provided by NPR, Copyright NPR.

Environment
4:06 am
Fri February 14, 2014

Report: Burning Natural Gas Is Better Than Using Coal

Originally published on Fri February 14, 2014 6:28 am

Methane is both a fuel and a potent greenhouse gas. A study in Science magazine suggests that about 50 percent more methane is leaking into the atmosphere than official estimates suggest. Even so, they conclude that it's better for the environment to switch electricity generation from coal power plants to those that burn methane.

Business
4:05 am
Fri February 14, 2014

Consumer Advocates Warn Against Comcast-Time Warner Merger

Originally published on Fri February 14, 2014 6:18 am

The proposed acquisition of Time Warner Cable by Comcast is raising concerns, not just for the mega cable provider it would create, but also because of the questions it raises about broadband access at a time of uncertainty around the future of network neutrality. More than half of Americans with broadband access are getting it from their cable provider.

Business
4:03 am
Fri February 14, 2014

Romantic Economist Applies Economic Terms To Relationships

Originally published on Fri February 14, 2014 6:18 am

On this Valentine's Day, Renee Montagne talks to a young economist about how he tried to apply the rules of the market to his love life. William Nicolson chronicles his journey to find a girlfriend in the memoir, The Romantic Economist.

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