NPR Business

The Two-Way
7:09 am
Mon August 12, 2013

Book News: Does Lance Armstrong Have The Right To Lie In His Memoirs?

Lance Armstrong is being sued for false claims in his books, which were marketed as nonfiction.
Nathalie Magniez Getty Images

Originally published on Mon August 12, 2013 9:47 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

Read more
Economy
5:48 am
Mon August 12, 2013

Sequestration Has Georgia Town On Edge

Originally published on Mon August 12, 2013 8:53 am

Warner Robins, Ga., is a booming community that is entirely dependent on civilian Defense Department employment. The local Air Force Base is massive, but because it's mostly a logistics depot, the bulk of the employees are not service members.

Business
5:13 am
Mon August 12, 2013

Premium Parking Space Comes With Big Price Tag

Originally published on Mon August 12, 2013 8:53 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: Premium Parking.

A parking spot in London is on the market for $465,000. That buys an outdoor location near Buckingham Palace and a 91-year lease.

DAVID GREENE, HOST:

The price tag is more than two spots sold in Boston this summer off and go for $280,000 apiece. But with London's daily parking go fees running at $60, it's actually a deal actually - at only $14 a day.

MONTAGNE: If you park there for 91 years.

GREENE: If. That's a big if.

Business
5:13 am
Mon August 12, 2013

U.S. Postal Service Reports Quarterly Losses

Originally published on Mon August 12, 2013 8:53 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with more postal problems.

The United States Postal Service posted three quarters of a billion dollars in losses last quarter, making it nearly $4 billion so far this year. These losses come despite major trims to the operating budget in 2013. One immediate impact, it looks unlikely that Postal Service will be able to make a multibillion-dollar payment to a retiree benefits fund at the end of September. Transcript provided by NPR, Copyright NPR.

The Salt
3:09 am
Mon August 12, 2013

Food Delivery Hits The Web, But Restaurants Pay The Price

A Seamless sticker is displayed next to the menu in the window of a restaurant in New York's Times Square on Saturday. Rivals Seamless and GrubHub said Friday that they have completed their combination, creating an online takeout company covering about 25,000 restaurants in 500 cities.
Mary Altaffer AP

Originally published on Mon August 12, 2013 8:56 am

Two big restaurant delivery websites — Grubhub and Seamless — have announced a merger. Together, they'll allow diners in 500 cities the convenience of ordering from thousands of restaurants with just a few clicks on their computer. For restaurants, the costs of being on these websites can be hard to swallow.

Read more
Parallels
3:08 am
Mon August 12, 2013

Too Much, Too Fast: China Sees Backlash From Massive Growth

Originally published on Mon August 12, 2013 11:25 am

At a time when much of the world is mired in economic torpor, China still enjoys enviable growth rates. Yet there's no question that its economy is growing more slowly these days.

Just ask Yan Liwei, a salesman for a construction materials company, who was visiting a park in Shanghai this weekend.

"The number of new construction projects is declining somewhat. It's taking longer for many of our clients to pay us what they owe," Liwei says. "Many small and midsized developers are feeling a cash crunch."

Read more
The Salt
4:55 am
Sun August 11, 2013

America, Are You Tough Enough To Drink Real Russian Kvas?

A man drinks fresh kvas, the ancient Russian fermented-bread drink, in Zvenigorod, 35 miles west of Moscow.
Dmitry Lovetsky AP

Originally published on Wed August 14, 2013 2:09 pm

While American kids stand in line for the ice cream truck on sweltering summer days, kids in Russia have historically queued up for something different: the kvas truck.

Kvas is a fermented grain drink, sort of like a barely alcoholic beer. And in the heat of the summer, it was served from a big barrel on wheels, with everyone lining up for their turn at the communal mug. It may sound like a far cry from rocket pops and ice cream sandwiches, but most Russians have fond memories.

Read more
Media
5:50 pm
Sat August 10, 2013

The Tricky Business Of Predicting Where Media Will Go Next

On Monday, the Washington Post Co. announced the sale of its newspaper to Amazon CEO Jeff Bezos, a move that comes as the paper struggles to keep up revenue.
Brendan Smialowski AFP/Getty Images

Originally published on Mon August 12, 2013 1:26 pm

What's next for The Washington Post? With a new owner, the paper is stepping into a new era. Its path may lead to the ever-evolving future of journalism.

"There is no map, and charting a path ahead will not be easy," said Amazon founder Jeff Bezos with the announcement of his purchase Monday. "We will need to invent, which means we will need to experiment."

Read more
Economy
7:56 am
Sat August 10, 2013

Rise Of The New American Barons

Originally published on Fri August 16, 2013 1:49 pm

Transcript

CELESTE HEADLEE, HOST:

This is WEEKEND EDITION, from NPR News. I'm Celeste Headlee. This week, Amazon.com's Jeff Bezos bought The Washington Post; Google's Sergey Brin backed the creation of a lab-grown beef burger. Then there's Richard Branson and his commercial space flights, and Oracle CEO Larry Ellison's win in the America's Cup - a very small group of incredibly well-heeled men with the power, and the deep pockets, to effect real change in the world.

Read more
Economy
7:56 am
Sat August 10, 2013

Housing Market Shows More Signs Of Life

Originally published on Sun August 11, 2013 7:43 am

Transcript

CELESTE HEADLEE, HOST:

This week, the U.S. housing market showed a few more signs of life. New reports show home sales and prices rising. And those gains have been coming despite the recent rise in interest rates. Meanwhile, President Obama spoke out about changes he'd like to see in the mortgage market. We're joined now by NPR correspondent Chris Arnold who's been keeping an eye on all of this. Hi, Chris.

CHRIS ARNOLD, BYLINE: Hey, Celeste.

Read more

Pages