NPR Business

Monkey See
3:37 pm
Tue May 21, 2013

'Arrested Development' Leads The Charge For Old Brands In New Media

David Cross and Portia de Rossi in a scene from Arrested Development, which returns on Netflix on May 26.
Sam Urdank AP

Originally published on Tue May 21, 2013 5:43 pm

Arrested Development returning via Netflix? Just another old-media brand reviving itself on new media.

The TV show, which originally ran on Fox from 2003 to 2006 and unveils new episodes on Netflix next weekend, finds itself in splendid company. Radiohead, Louis C.K., Veronica Mars — all found their audiences with promotion and distribution from big studios and networks. Radiohead was signed to a major music label. Louis C.K. enjoyed HBO specials and TV shows. And Veronica Mars ran on two TV networks for three years.

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The Two-Way
12:55 pm
Tue May 21, 2013

Airbnb Stays Are Illegal In New York, Court Rules

A search for places to stay in New York City via Airbnb returns plenty of results, despite the practice of short-term rentals being found to be illegal under city and state law.
Airbnb

People who use Airbnb, the web company that pairs travelers with residents who rent out their homes on a short-term basis, are breaking New York City's laws, according to an administrative law judge. The vacation rental business was found to run afoul of the city's occupancy code; it also doesn't conform with a state law.

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The Two-Way
12:47 pm
Tue May 21, 2013

JPMorgan Shareholders Vote To Keep Dimon As Chairman, CEO

JPMorgan Chase CEO Jamie Dimon during testimony on Capitol Hill.
Mark Wilson Getty Images

JPMorgan Chase shareholders voted on Tuesday to allow Jamie Dimon to continue being their chairman and CEO.

The AP reports:

"At the bank's annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles. Had the measure succeeded, Dimon would have had to relinquish the role of chairman.

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Politics
6:28 am
Tue May 21, 2013

Unclear Laws May Have Contributed to Tax-Exempt Controversy

Originally published on Tue May 21, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

Let's turn to another story for now: The acting head of the IRS has resigned, but is still facing questions about the agency. Lawmakers continue their probe into the federal tax agency targeting Tea Party groups seeking tax exemption.

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Business
5:52 am
Tue May 21, 2013

Business News

Originally published on Tue May 21, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

We'll NPR's business news with Boeing still dreaming.

(SOUNDBITE OF THEME MUSIC)

GREENE: Boeing's Dreamliner took off yesterday - it was a United Airlines flight from Houston to Chicago. This was the first time the fuel-friendly jet was back in U.S. skies in nearly five months. The 787 planes had been grounded since January because of battery problems, which cost United roughly $11 million in revenue.

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Media
5:52 am
Tue May 21, 2013

Fox News Reporter James Rosen Caught Up In Federal Probe

Originally published on Tue May 21, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

The White House is defending itself - again - against charges that it's trampling on the First Amendment. The Justice Department obtained a portfolio of information about a Fox News reporter's conversations and visits. Obtaining this information was part of an investigation into a possible leak. A federal prosecutor said the reporter, James Rosen, had conspired in the commission of a crime. We have more from NPR's David Folkenflik.

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Business
5:52 am
Tue May 21, 2013

The Last Word In Business

Originally published on Tue May 21, 2013 11:13 am

Transcript

STEVE INSKEEP, HOST:

Tumblrese.

DAVID GREENE, HOST:

And today's last word in business is: almost millionaires.

INSKEEP: Warren Buffett took time yesterday to listen to kids pitching potential new enterprises. These are kids who competed through Buffett's Secret Millionaires Club, a Web and cable series featuring a cartoon.

(SOUNDBITE OF WEB CARTOON, "SECRET MILLIONAIRES CLUB")

(SOUNDBITE OF MUSIC)

WARREN BUFFETT: Hey, kids, Warren Buffett here. A successful business is always trying new things.

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Business
4:24 am
Tue May 21, 2013

CEO Cook To Defend Apple Before Senate Committee Hearing

Apple CEO Tim Cook speaks during an introduction of the iPhone 5 in San Francisco on Sept. 12. The Senate Permanent Subcommittee on Investigations says Apple is paying billions of dollars less than it should in taxes each year, taking advantage of technicalities in U.S. and Irish tax laws.
Eric Risberg AP

Originally published on Tue May 21, 2013 11:13 am

Giant technology firm Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. In a hearing Tuesday in Washington, D.C., Apple CEO Tim Cook will defend the company.

The subcommittee's report says Apple avoids the tax payments mainly by shifting profits to three subsidiary companies in Ireland. The investigation found Apple is taking advantage of technicalities in U.S. and Irish tax laws to avoid paying any tax on a huge portion of its profits.

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Business
4:22 am
Tue May 21, 2013

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 11:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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Shots - Health News
3:01 am
Tue May 21, 2013

Texas Medicaid Debate Complicated By Politics And Poverty

Protesters march on the Texas Capitol in Austin on March 5, demanding that lawmakers expand Medicaid to include an additional 1.5 million poor people.
Eric Gay AP

Originally published on Wed May 22, 2013 8:08 am

When the sun rises over the Rio Grande Valley, the cries of the urracas — blackbirds — perched on the tops of palm trees swell to a noisy, unavoidable cacophony. That is also the strategy, it could be said, that local officials, health care providers and frustrated valley residents are trying to use to persuade Gov. Rick Perry and state Republican lawmakers to set aside their opposition and expand Medicaid, a key provision of the federal health law.

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