NPR Business

Business
5:59 pm
Fri April 19, 2013

Pilot Flying J Gas Stations Target Of Federal Investigation

This week the FBI and IRS raided the headquarters of one of the country's largest private employers: Pilot Flying J. The chain operates more than 600 gas stations and convenience stores in 44 states. It's owned by billionaire Jimmy Haslam. Haslam also owns the Cleveland Browns and his brother is Tennessee Gov. Bill Haslam, who owns shares in the company.

The Two-Way
3:21 pm
Fri April 19, 2013

FAA OKs Boeing's 787 Battery Fix

A part of a charred battery from a Japan Airlines 787 on display at the NTSB headquarters in January.
Mark Wilson Getty Images

The Federal Aviation Administration has approved changes to the design of the Boeing 787's battery system — the first step toward returning the grounded aircraft to service.

The approximately 50 787 "Dreamliners" delivered to airlines worldwide were grounded in January after incidents involving overheating problems in lithium-ion batteries.

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The Salt
11:33 am
Fri April 19, 2013

Frozen Food Gets Ready For Its Image Upgrade

Are you thinking healthy and nutritious?
Bebeto Matthews AP

Alarmed by a nation that increasingly equates fresh with healthy, the frozen food industry has a message for you.

"What we call fresh in the supermarket is really better termed raw," says Kristin Reimers, a registered dietitian and manager of nutrition for ConAgra Foods. "A lot of times, those vegetables have been transported for days, and then sit. It could be a matter of weeks between when they're picked and consumed."

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Business
7:15 am
Fri April 19, 2013

Have Banks Recovered From The Financial Crisis?

Originally published on Fri April 19, 2013 1:32 pm

Transcript

STEVE INSKEEP, HOST:

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Business
7:15 am
Fri April 19, 2013

Google, Microsoft Look Past Desktop Computers To Increase Earnings

Originally published on Fri April 19, 2013 1:32 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with the tale of two companies.

STEVE INSKEEP, HOST:

Google and Microsoft quarterly earnings reports are in and it appears their slugfest continues with Google's earnings up 23 percent and Microsoft up 18 percent. That is even as sales of desktop computers decline.

GREENE: As NPR's Sonari Glinton reports, the future for both companies is on the small screen.

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Business
7:15 am
Fri April 19, 2013

The Last Word In Business

Originally published on Fri April 19, 2013 1:32 pm

Transcript

DAVID GREENE, HOST:

All right. Today's last word in business is be careful what you ask for.

The small Indian city of Motihari is not known for much.

STEVE INSKEEP, HOST:

So when locals discovered a few years ago that the writer George Orwell was born there, they saw a tourism opportunity. Britain's Telegraph newspaper reports locals put up a sign outside the birthplace of the author of "1984," "Animal Farm" and other books, and they asked the state government to turn that modest home into a museum.

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Around the Nation
5:59 am
Thu April 18, 2013

Blast Rips Through West, Texas, Fertilizer Plant

Originally published on Thu April 18, 2013 12:22 pm

A fertilizer plant exploded near Waco, Texas, Wednesday night. The explosion at West Fertilizer in downtown West, a community about 20 miles north of Waco, happened around 7 p.m. and could be heard as far away as Waxahachie, 45 miles to the north.

Business
5:56 am
Thu April 18, 2013

Airline Mergers Push Fares Higher

Originally published on Thu April 18, 2013 12:22 pm

Transcript

DAVID GREENE, HOST:

NPR's business news begins with some sky-high prices.

(SOUNDBITE OF MUSIC)

GREENE: If you travel, you might have noticed airfares are going up sharply in many markets - and the reason is mergers. This could be just the beginning. Prices may keep rising if government regulators approve another merger between American Airlines and U.S. Airways.

To talk more about this, we reached Scott McCartney. He writes an airline's column for "The Wall Street Journal."

Scott, thanks for coming on the program.

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Business
5:56 am
Thu April 18, 2013

Despite Flaws, Harvard Economists Stand By Research

Originally published on Thu April 18, 2013 12:22 pm

Transcript

STEVE INSKEEP, HOST:

Two prominent Harvard economists have admitted there are errors in an influential paper they wrote on government debt. This paper was widely cited in recent budget debates. But the economists insist their mistakes do not significantly change their research.

NPR's Jim Zarroli reports.

JIM ZARROLI, BYLINE: In their 2010 paper, Ken Rogoff and Carmen Rinehart argued that economic growth falls significantly when a country's debt level rises above 90 percent of its Gross Domestic Product or GDP.

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Business
5:56 am
Thu April 18, 2013

Glitch Causes Foreclosure Settlement Checks To Bounce

Originally published on Thu April 18, 2013 12:22 pm

Transcript

DAVID GREENE, HOST:

All right. In recent days, the government has begun sending out checks to about 4 million people whose homes fell into foreclosure during the housing crisis. This is part of a multibillion dollar agreement with banks accused of making serious errors in processing those foreclosures.

STEVE INSKEEP, HOST:

Most of these checks are not so big. They average several hundred dollars. But still a check, an effort to make amends, so this is a bit of a problem. When some of the home owners try to cash their checks, the checks bounced.

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