NPR Business

Business
7:19 am
Mon February 4, 2013

Canadian Government Retires Its Penny

Originally published on Mon February 4, 2013 12:09 pm

The Canadian mint stops distributing pennies on Monday. Canada stopped making one-cent coins last year to cut costs, since each penny cost 1.6 cents to make. Most stores will round out change to the nearest five cents.

Business
5:38 am
Mon February 4, 2013

SodaStream Criticized For West Bank Plant

Originally published on Sun February 10, 2013 8:48 am

Transcript

RENEE MONTAGNE, HOST:

And let's think about the Super Bowl once again. Last night was big for the Ravens and for an Israeli company called SodaStream. It ran its first Super Bowl ad.

The original spot it hoped to air was rejected. And as NPR's Larry Abramson reports, there are much bigger controversies facing that company.

(SOUNDBITE OF MUSIC)

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Business
5:38 am
Mon February 4, 2013

The Last Word In Business

Originally published on Mon February 4, 2013 12:09 pm

Transcript

DAVID GREENE, HOST:

One of the product spots that went viral during the Super Bowl was not seen on television and did not cost millions of dollars.

And that brings us to today's last word in business: Oreo.

RENEE MONTAGNE, HOST:

Oreo took advantage of last night's stadium blackout to tweet an image of the cookie submerged in darkness with the caption: You Can Still Dunk in the Dark.

Sarah Hofstetter is president of the ad agency 360i.

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Crisis In The Housing Market
3:36 am
Mon February 4, 2013

Foreclosure Process Hammers Florida's Housing Market

A sign hangs outside a house in Miami in 2010. Currently, Florida's foreclosure legal process can take a couple of years, which critics say is hurting the housing market.
Joe Raedle Getty Images

Originally published on Mon February 4, 2013 12:09 pm

A decade ago, speculators in Florida were pumping up a huge housing bubble.

"You couldn't go wrong," Tampa real estate attorney Charlie Hounchell says. In that overheated period from 2001 to 2006, "you could buy a house and make $100,000 a year later by selling it," he says.

But the party ended in 2007 and the hangover persists. The state now has the highest foreclosure rate in the country, beating out Nevada for the first time in five years.

Experts say the legal process in Florida is the key reason for the sluggish pace of foreclosures there.

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Business
6:39 am
Sat February 2, 2013

The Dow's Big Day Rounds Out Big Week In Business News

Originally published on Sat February 2, 2013 3:07 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION, from NPR News. I'm Scott Simon. And the U.S. stock market's on a tear. The Dow Jones Industrial Average closed above 14,000 yesterday, for the first time in more than five years. Investors seized on encouraging news about factory orders and auto sales. They chose to look past a report that unemployment inched up last month, too, to 7.9 percent. NPR's Scott Horsley reports.

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Economy
6:22 pm
Fri February 1, 2013

Pentagon Remains Big Target In Likely Budget Cuts

The winding down of the war in Afghanistan and efforts to slice the budget deficit will likely mean more spending cuts for the Pentagon.
AFP/Getty Images

Originally published on Fri February 1, 2013 7:17 pm

The economy shrunk in the fourth quarter — for the first time in three years — and one of the critical reasons was a drop in defense spending. Apparently, contractors took precautionary steps and held onto money in case the federal government failed to avert the fiscal and tax crisis known as the fiscal cliff.

But there's now a new deadline — automatic budget cuts, known as sequestration, which may hit at the beginning of March.

The Effect On Contractors

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The Salt
5:53 pm
Fri February 1, 2013

Where's The Beef? Burger King Finds Horsemeat In Its U.K. Patties

Originally published on Fri February 1, 2013 8:21 pm

Burger King has acknowledged this week that some of its burgers in Britain and Ireland included horsemeat, the latest development in an ongoing scandal.

Horsemeat actually contains just as much protein and far less fat than beef, according to nutritionists.

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Business
5:20 pm
Fri February 1, 2013

Pennsylvania Outdoor Sports Show Caught In Gun Debate Cross Hairs

Gun rights advocates demonstrate at the capitol in Harrisburg, Pa., on Wednesday as vendors pulled out of the city's Eastern Sports and Outdoor Show. Vendors were upset that the organizers of the event banned the sale and display of certain types of guns.
Matt Rourke AP

Originally published on Fri February 1, 2013 7:17 pm

A boycott by vendors starting this weekend at one of the nation's largest hunting and fishing shows has led to the event's indefinite postponement. Pennsylvania businesses stand to lose tens of millions of dollars in revenue.

Some 200 shops and groups pulled out of the Harrisburg, Pa., event after organizers banned the sale and display of certain types of guns.

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It's All Politics
5:16 pm
Fri February 1, 2013

Why Steven Chu Was One Of Obama's Most Intriguing Choices

Energy Secretary Steven Chu tours the Vogtle nuclear power plant in Waynesboro, Ga., last year.
David Goldman AP

Originally published on Fri February 1, 2013 5:43 pm

Of all the individuals in President Obama's first-term Cabinet, physicist Steven Chu was arguably the least likely to be found in official Washington.

The Energy Department secretary, after all, was a Nobel Prize-winning physicist from the University of California, Berkeley, the first science laureate to serve as a Cabinet secretary.

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The Two-Way
4:21 pm
Fri February 1, 2013

Dow Breaks 14,000 For First Time Since 2007

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.
Richard Drew AP

Originally published on Fri February 1, 2013 4:32 pm

Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.

The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.

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