NPR Business

Business
3:21 am
Mon March 18, 2013

U.S. Probes Abuse Allegations Under Worker Visa Program

Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.
Jess Jiang NPR

Originally published on Mon March 18, 2013 12:38 pm

A group of foreign college students who came to the U.S. on cultural work exchange visas in December have been protesting their working conditions at a McDonald's in Harrisburg, Pa. In the process, they've wading into a debate about guest workers in the U.S.

The students include Jorge Rios, who says three months ago he eagerly did the legwork necessary to get a J-1 visa, used for student work exchange.

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Business
6:21 pm
Sun March 17, 2013

Craft Brews Slowly Chipping Away At Big Beer's Dominance

Craft beers for sale in Chicago. Craft beer has about a 6 percent market share in the U.S. beer market, which is dominated by Anheuser-Busch InBev and MillerCoors.
Scott Olson Getty Images

Originally published on Wed March 20, 2013 1:36 pm

America loves beer.

In the U.S., we drink $200 billion worth of the hops-brewed libation annually. What many Americans might not know is that most domestic beer, 90 percent in fact, is dominated by just two companies: Anheuser-Busch InBev and MillerCoors.

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The Salt
5:55 am
Sun March 17, 2013

Yogurt For Men: A Review

That's pronounced "Man, Go!"
NPR

Originally published on Wed March 20, 2013 12:44 pm

Last week on Wait, Wait... Don't Tell Me, we talked about a new yogurt for men, or brogurt, from a company called Powerful Yogurt. Here's what our panelist, comedian Jessi Klein, had to say about it:

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The Salt
5:14 am
Sat March 16, 2013

Wine Revolution: As Drinkers And Growers, U.S. Declares Independence

The vineyard at Round Pond Estate in Rutherford, Calif. Napa Valley is just one of wine-growing regions across the country.
Eric Risberg AP

Originally published on Sat March 16, 2013 12:46 pm

A curious shift has happened in global wine-drinking trends: Americans have overtaken the French and Italians, Europe's traditional lovers of the fruits of the vine, as the world's top wine market.

And it's not just wine drinking that's taken off stateside: U.S. wine production is also on the rise.

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Business
5:39 pm
Fri March 15, 2013

Boeing: 787 Dreamliners Could Be Back In Service In Weeks, Not Months

For the first time, Boeing has laid out in detail the changes it plans to make in the Dreamliner 787's lithium ion battery. The company now believes the 787s will be back in service in a "matter of weeks."

Law
5:39 pm
Fri March 15, 2013

Hedge Fund To Pay More Than $600 Million In Insider Trading Settlement

Transcript

MELISSA BLOCK, HOST:

The Securities and Exchange Commission says it's the largest settlement in history for insider trading. Two affiliates of the major hedge fund SAC Capital Advisors will pay a fine of more than $600 million. But they're not admitting to any wrongdoing. Here's NPR's Dan Bobkoff.

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Business
5:39 pm
Fri March 15, 2013

JPMorgan Chase Exec Says She Was Misled About Risks With 'London Whale' Trades

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Senior executives at JPMorgan Chase appeared on Capitol Hill today. They were asked by a Senate subcommittee to explain how the firm lost more than $6 billion last year in a failed hedging strategy. The testimony comes one day after the subcommittee released a report saying the bank misled regulators and the public about the size of the losses. NPR's Jim Zarroli tells us more.

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The Two-Way
3:31 pm
Fri March 15, 2013

Record $614 Million In Penalties Levied As Insider Trading Cases Are Settled

Connecticut-based hedge fund CR Intrinsic Investors "has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer's drug," the Securities and Exchange Commission announced Friday.

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Shots - Health News
10:14 am
Fri March 15, 2013

Power Shift Under Way As Middle Class Expands In Developing World

Brookings Institution

Originally published on Mon March 18, 2013 9:00 am

"The meek shall inherit the earth" — that seems to be the latest message from the United Nations Development Program.

Their 2013 Human Development Report chronicles the recent, rapid expansion of the middle class in the developing world. It also predicts that over the next two decades growth in the so-called "Global South" will dramatically shift economic and political power away from Europe and North America.

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Planet Money
9:58 am
Fri March 15, 2013

A Surprisingly Uncontroversial Program That Gives Money To Poor People

William Thomas Cain Getty Images

Last year, a federal program called the Earned Income Tax Credit took about $60 billion from wealthier Americans and gave it to the working poor. And here's the surprising thing: This redistribution of wealth has been embraced by every president from Ronald Reagan to Barack Obama.

"This program worked," says Richard Burkhauser, an economist at Cornell University and the American Enterprise Institute. "And there's not a hell of a lot of these programs where you can see the tremendous change in the behavior of people in exactly the way that all of us hoped it would happen."

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