NPR Business

The Two-Way
9:06 am
Mon May 20, 2013

Pledging Not To 'Screw It Up,' Yahoo Seals Deal For Tumblr

They're coming together: Yahoo will pay $1.1 billion to acquire Tumblr.
Fred Dufour AFP/Getty Images

The news that broke Sunday is now official.

Yahoo confirmed early Monday morning that it is buying Tumblr in a deal worth about $1.1 billion. "Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business," Yahoo added.

In its statement announcing the deal, Yahoo says that:

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Business
5:06 am
Mon May 20, 2013

Yahoo To Buy Tumblr In An Attempt To Revitalize Itself

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with a big blogging buyout.

Today, Yahoo announced its purchase of the blogging site Tumblr. The $1.1 billion deal was unanimously approved by Yahoo's board. Analysts say the acquisition is Yahoo's attempt to revitalize itself.

NPR's Kirk Siegler has more.

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Energy
5:06 am
Mon May 20, 2013

Calif. Law To Require Ships To Cut Pollution

Originally published on Mon May 20, 2013 5:28 am

Transcript

DAVID GREENE, HOST:

Two ports, the Ports of Los Angeles and Long Beach, handle almost half of all of the consumer goods being shipped into the United States. Together, these two ports are also the single largest polluter in Southern California, a region famous for its smog.

NPR's Kirk Siegler reports on a new California law that will soon require some of the largest diesel-guzzling ships to kill their engines and plug in to shore power at the docks.

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Business
5:06 am
Mon May 20, 2013

The Last Word In Business

Originally published on Mon May 20, 2013 6:41 am

Alongside a freeway in Northern California is a billboard which reads: Pivot to Canada. The billboard is urging high-tech immigrants living in the U.S. to pay attention to Canada. Canada wants to attract highly-skilled, foreign-born tech workers who are fed up with the visa process that they must follow to remain in the U.S.

Around the Nation
3:07 am
Mon May 20, 2013

Advocates Struggle To Reach Growing Ranks Of Suburban Poor

TD Bank volunteers sort donated food into barrels at the Manna Food Center in Gaithersburg in Montgomery County, Md. Poverty in the county just outside Washington, D.C., has grown by two-thirds since 2007.
Gabriella Demczuk NPR

Originally published on Mon May 20, 2013 2:30 pm

Poverty has grown everywhere in the U.S. in recent years, but mostly in the suburbs. During the 2000s, it grew twice as fast in suburban areas as in cities, with more than 16 million poor people now living in the nation's suburbs — more than in urban or rural areas.

Elizabeth Kneebone, a fellow with the Metropolitan Policy Program at the Brookings Institution, says this shift in poverty can be seen in Montgomery County, Md., right outside the nation's capital.

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Around the Nation
3:01 am
Mon May 20, 2013

Seeing The (Northern) Light: A Temporary Arctic Retirement

The Botnen-Chen family moved from Boston to live for a year on Rødøy, a Norwegian island north of the Arctic Circle.
Courtesy of Winston Chen

Originally published on Sat May 25, 2013 11:10 pm

By all the laws of anything, Winston Chen should not have quit his well-paying, midcareer job at a software company at age 40. But one day he was watching a TED Talk, one of those popular online video presentations, delivered by a New York designer.

"He presented this absolutely irresistible idea," Chen says. "He said, 'Why don't we take five years out of retirement and spread them throughout your working life?' "

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The Two-Way
1:50 pm
Sun May 19, 2013

WSJ: Yahoo! Board Approves $1.1 Billion Purchase Of Tumblr

Yahoo President and CEO Marissa Mayer.
Brad Barket Getty Images

Originally published on Sun May 19, 2013 3:39 pm

The Wall Street Journal has this breaking news from the tech world:

"The Yahoo board has approved a deal to pay $1.1 billion in cash for the blogging site Tumblr."

The Journal, the only outlet reporting the approval, is sourcing its story to "people familiar with the matter." Lauren Armstrong, a Yahoo spokeswoman, told us in an email that they "don't comment on rumors or speculation."

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Business
5:41 am
Sun May 19, 2013

The Durability Of Levis, Woven Into America's Fabric

Originally published on Sun May 19, 2013 2:11 pm

Transcript

RACHEL MARTIN, HOST:

One hundred and forty years ago this month, a German immigrant named Levi Strauss patented the first pair of jeans ever made. During the California gold rush, Strauss traveled across the country to set up a West Coast branch of his family's dry goods business. That business changed forever when Strauss got a letter from a tailor named Jacob Davis.

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Business
12:51 am
Sun May 19, 2013

Tesla Rides High, But Faces Formidable Foe: Car Dealers

The Tesla Model S, Motor Trend Car of the Year, is introduced at the 2013 North American International Auto Show, in Detroit in January. Tesla's attempts to sell its cars without going through dealerships is meeting resistance.
Stan Honda AFP/Getty Images

Tesla Motors, the American maker of luxury electric cars, has been riding a wave of good publicity.

Its Model S sedan (base priced at $62,400, after federal tax credits) was just named Motor Trend Car of the Year. Reviewers at Consumer Reports gave the lithium-ion battery powered vehicle a rave.

And the company, headed by billionaire innovator Elon Musk, 41, posted a profit for the first time in its 10-year history — powered in part by zero-emission environmental credits.

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Business
4:41 pm
Sat May 18, 2013

Internships: Low-Paid, Unpaid Or Just Plain Illegal?

Students fill out applications during a job fair at the University of Illinois Springfield in February. Fed up with working for free, some interns are suing their employers.
Seth Perlman AP

Originally published on Sat May 18, 2013 7:47 pm

Summer is almost here, and with it comes the army of interns marching into countless American workplaces. Yet what was once an opportunity for the inexperienced is becoming a front-line labor issue.

More and more, unpaid and low-paid interns are feeling their labor is being exploited. Some are even willing to push back — with lawsuits.

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