NPR Business

The Two-Way
8:34 am
Fri March 8, 2013

Pleasant Surprises: 236,000 Jobs Added; Jobless Rate Dips To 7.7 Percent

The scene at a job fair in Manhattan earlier this month.
Spencer Platt Getty Images

Originally published on Fri March 8, 2013 9:54 am

There were 236,000 jobs added to payrolls in February — many more than expected — and the jobless rate unexpectedly dropped by two-tenths of a point, to 7.7 percent, the Bureau of Labor Statistics reported Friday.

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The Two-Way
7:29 am
Fri March 8, 2013

February Jobs And Unemployment News Likely To Be 'More of The Same'

Hoping to see more of these: A "now hiring" sign in the window of a bank in San Rafael, Calif., in January.
Justin Sullivan Getty Images

Originally published on Fri March 8, 2013 8:37 am

  • From 'Morning Edition': Yuki Noguchi and Steve Inskeep preview the jobs report

Update at 8:35 a.m. ET. Things Were Better Than Expected:

"Pleasant Surprises: 236,000 Jobs Added; Jobless Rate Dips To 7.7 Percent."

Our original post:

Slow job growth and little change in the unemployment rate.

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All Tech Considered
7:15 am
Fri March 8, 2013

The Life Cycle Of A Social Network: Keeping Friends In Times Of Change

The new look of Facebook's News Feed.
Facebook

Originally published on Fri March 8, 2013 12:32 pm

Facebook is redesigning its front page. The News Feed — which is what Facebook's roughly 1 billion users see when they log on to the site — will be rolling out a radical new look over the coming months.

The changes are meant to increase user engagement on the site, make it easier to navigate on mobile phones and provide even more highly targeted advertising.

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Business
4:48 am
Fri March 8, 2013

Ally Financial Only Big Bank To Fail Fed's Test

Originally published on Fri March 8, 2013 11:50 am

Transcript

STEVE INSKEEP, HOST:

Some other news. The country's biggest banks are in much better shape than before the financial crisis, at least according to the Federal Reserve's third round of so-called stress tests.

NPR's Dan Bobkoff reports.

DAN BOBKOFF, BYLINE: The tests simulate a nightmare scenario: How would the banks fare if unemployment topped 12 percent, stock prices were cut in half and housing values fell 20 percent? We all know what happened five years ago when a crisis was more than hypothetical.

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Business
4:39 am
Fri March 8, 2013

The Last Word In Business

Originally published on Fri March 8, 2013 11:50 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is this: Lego becomes Legd'oh!

The Wall Street Journal says the Danish company Lego is interested in licensing "The Simpsons." In the long-running cartoon series, a remarkably similar toy company called Blocko makes an appearance in a couple of episodes.

(SOUNDBITE OF TV SHOW, "THE SIMPSONS")

(SOUNDBITE OF MUSIC)

YEARDLEY SMITH: (as Lisa Simpson) I kind of want to create my own thing. Do you sell any just plain sets?

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Business
4:39 am
Fri March 8, 2013

Business News

Originally published on Fri March 8, 2013 11:50 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with the shuffle on the top for Pandora.

(SOUNDBITE OF MUSIC)

INSKEEP: Pandora is the popular music streaming service. And the company's CEO announced, yesterday, he's stepping down. Joseph Kennedy's announcement came as a surprise to many people. The company just reported better-than-expected quarterly earnings. But Kennedy says after nine years on the job he needs to get to a recharging station. He speaking metaphorically, of course, but who knows, someday people may actually do that.

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Economy
4:39 am
Fri March 8, 2013

Employment Data Expected To Show Modest Improvement

Originally published on Fri March 8, 2013 3:43 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep. Good morning on this Friday. Let's talk a little more deeply about the surprisingly strong jobs report that came out today. NPR's Yuki Noguchi is here with the numbers. Hi, Yuki.

YUKI NOGUCHI, BYLINE: Good morning.

INSKEEP: OK. So what does the Labor Department say happened in the labor market in February?

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Planet Money
2:17 am
Fri March 8, 2013

If A Driverless Car Crashes, Who's Liable?

Who's on the hook?
Eric Risberg AP

Originally published on Fri March 8, 2013 12:25 pm

Some number of years from now, the technology may exist for cars to drive themselves. This could save thousands of lives a year (90 percent of fatal car accidents involve human error).

But getting the technology right won't be enough. Governments and courts will have to figure out lots of new legal and regulatory issues. One key question: If a driverless car crashes, who's liable?

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Business
4:36 pm
Thu March 7, 2013

787 Batteries May Be Fixable, But Planes Won't Get Off The Ground Anytime Soon

Originally published on Thu March 7, 2013 6:13 pm

Boeing's Dreamliner 787s remain grounded. And neither investigators nor Boeing can say exactly what caused a battery fire on a Japan Airlines jet. Nevertheless, Boeing thinks it has a fix, and while the Federal Aviation Administration is poised to allow Boeing to begin proving the redesign will be effective, the planes won't be back in service anytime soon.

Around the Nation
4:36 pm
Thu March 7, 2013

Shuttered Meat Packing Plant Could Be A Sign Of Things To Come In Texas

Originally published on Thu March 7, 2013 6:13 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The city of Plainview, Texas has been a center of the cattle industry for decades. But a few weeks ago, after more than 40 years in operation, Plainview's beef processing plant shut its doors. Plant owners blame years of drought and the dwindling supply of cattle. As Mose Buchele reports from member station KUT, the closure could be a preview of things to come for the Texas plains.

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