NPR Business

Business
6:31 am
Wed February 20, 2013

The Last Word In Business

Originally published on Wed February 20, 2013 9:41 am

Transcript

STEVE INSKEEP, HOST:

In its quest to stem its losses, the U.S. Postal Service is venturing into new territory. We are you know, of course, it plans to end certain Saturday mail service to trim costs. But the USPS is also looking into a new revenue stream, which is today's last word in business: fashionable delivery.

RENEE MONTAGNE, HOST:

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Business
6:30 am
Wed February 20, 2013

Boeing's Tech Workers Vote To Authorize Strke

Originally published on Wed February 20, 2013 9:41 am

Transcript

STEVE INSKEEP, HOST:

Boeing has won a partial victory in a contract dispute with its engineering union, and that reduces the odds of a strike, as Ashley Gross of member station KPLU in Seattle reports.

ASHLEY GROSS, BYLINE: The engineering union covers two sets of workers - salaried engineers and hourly technical workers. The engineers voted to accept Boeing's final offer. The technical workers rejected it and authorized a strike.

They'll negotiate again before a walkout, but that split vote puts union leaders like Tom McCarty in a tough position.

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Business
6:30 am
Wed February 20, 2013

Business News

Originally published on Wed February 20, 2013 9:41 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a jumbo raise.

(SOUNDBITE OF MUSIC)

MONTAGNE: A new regulatory filing by Bank of America shows its CEO received quite a raise last year. Brian Moynihan got nearly a 75 percent increase in 2012 - a pay package valued at more than $12 million. The previous year he was paid a measly $7 million.

B of A's stock has been performing well, but analysts say the bank still faces issues from the financial crisis. Transcript provided by NPR, Copyright NPR.

Working Late: Older Americans On The Job
3:08 am
Wed February 20, 2013

When A Bad Economy Means Working 'Forever'

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The recession put a dent in Sims-Wood's savings, and she expects she'll have to stay in the workforce "forever."
Gabriella Demczuk NPR

Originally published on Wed February 20, 2013 8:34 pm

Increasingly, people are continuing to work past 65. Almost a third of Americans between the ages of 65 and 70 are working, and among those older than 75, about 7 percent are still on the job. In Working Late, a series for Morning Edition, NPR profiles older adults who are still in the workforce.

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All Tech Considered
3:04 am
Wed February 20, 2013

In New York, Taxi Apps Raise Objections From Competitors

New York City rules will soon permit yellow cab drivers to accept rides through smartphone apps.
Richard Drew AP

Originally published on Wed February 20, 2013 9:56 am

Even people who've never been to New York can tell you how to hail one of the iconic yellow cabs there. You just raise an arm and flag one down.

But the city wants to change that. Following the lead of cities like San Francisco and Washington, D.C., New York wants to permit passengers to use smartphone apps to find a cab.

Since Mayor La Guardia established New York's modern taxi system in 1937, there have been two big innovations in cab hailing: the whistle and the red light bulb on top of apartment building awnings.

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Technology
5:24 pm
Tue February 19, 2013

Report: Chinese Government Hackers Behind Dozens Of Attacks On U.S. Companies

Originally published on Tue February 19, 2013 6:42 pm

Transcript

MELISSA BLOCK, HOST:

The Chinese army is the source of a persistent and prolific cyber espionage unit, whose hackers have attacked dozens of U.S. corporations and government agencies. That's the conclusion of a lengthy report released today by the computer security firm Mandiant. Mandiant says the hacking campaign goes back at least to 2006 and it targeted industries strategic to China's growth, including IT, energy and aerospace.

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Shots - Health News
5:17 pm
Tue February 19, 2013

Why The Hospital Wants The Pharmacist To Be Your Coach

Walgreens is one of several pharmacies that have partnered with hospitals to help manage patients after they've returned home.
Joe Raedle Getty Images

Originally published on Wed February 20, 2013 9:41 am

About 1 in 5 Medicare patients who leave the hospital come back within 30 days. Those return trips cost U.S. taxpayers a lot of money — more than $17 billion a year.

In October, the federal government started cracking down on hospitals, penalizing them if too many of their patients bounce back.

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It's All Politics
5:08 pm
Tue February 19, 2013

Whose Sequester Is It Anyway?

President Obama, accompanied by emergency responders — workers the White House says could be affected if state and local governments lose federal money as a result of budget cuts — speaks in the Eisenhower Executive Office building in Washington on Tuesday.
Charles Dharapak AP

Originally published on Tue February 19, 2013 6:02 pm

By now, it's widely accepted that indiscriminate spending cuts in defense and domestic programs due to start March 1 are likely to occur owing to the failure of President Obama and the Republican-led House to reach an agreement to avoid the budgetary cleaver.

So now, the contest boils down to each side scampering for the higher ground of moral indignation.

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Economy
4:56 pm
Tue February 19, 2013

End Of Winter Drives Nation's Gas Prices Uphill

Reports indicate that gas pump prices are at their highest level on record for this period of the year, but consumers might see a break in the near future — if all goes well.
Joe Raedle Getty Images

Originally published on Tue February 19, 2013 6:42 pm

If you've been behind the wheel recently, you already know gasoline prices are up.

The national average price for regular gas rose to nearly $3.75 a gallon Tuesday, according to AAA's Daily Fuel Gauge Report.

"Retail prices have gone up for each of the last 33 or so days — dating back to about Jan. 17," says Denton Cinquegrana, executive editor at the Oil Price Information Service.

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The Salt
3:38 pm
Tue February 19, 2013

English Whisky Aims To Give Scotch A Run For Its Money

Darren Rook checks out a new still at The London Distillery.
Kirsty Chant Courtesy of The London Distillery

Originally published on Thu February 21, 2013 2:03 pm

Move over, Scotland. It's time to make room on the shelf for English whisky. London's first distillery in over a century is about to begin production of single malt whisky in a former Victorian dairy.

Darren Rook and his partner decided to open The London Distillery after reading about Australian distilleries. "We wondered why there were none in London," he tells The Salt.

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