NPR Business

The Two-Way
8:51 am
Thu January 31, 2013

Growth In Incomes, Spending Slowed In 2012; Jobless Claims Jumped Last Week

Consumer spending rose in 2012, but not by as much as the year before. In December, these shoppers were out and about in Glendale, Calif.
Robyn Beck AFP/Getty Images

Americans' personal incomes grew by 3.5 percent in 2012, compared with 5.1 percent growth the year before, the Bureau of Economic Analysis reports. And it says consumer spending rose 3.6 percent last year, vs. 5 percent in 2011.

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The Salt
8:38 am
Thu January 31, 2013

Future Farms Of America Might Not Include Much Family

Honey, what if the kids don't want it?
Goran Ljubisavljevic iStockphoto.com

It may sound like a line from The Godfather, but some agricultural specialists advise that farming isn't personal; it's business. And family farms need to think and act more like a business to survive in a competitive world, says Bernie Erven, professor emeritus in the department of agricultural economics at Ohio State University.

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The Two-Way
8:09 am
Thu January 31, 2013

Hack Attack On 'New York Times' Looks Like Part Of Chinese Campaign

Ramin Talaie Getty Images

Originally published on Thu January 31, 2013 4:57 pm

  • From 'Morning Edition': Renee Montagne speaks with reporter Nicole Perlroth

This news ...

"For the last four months, Chinese hackers have persistently attacked The New York Times, infiltrating its computer systems and getting passwords for its reporters and other employees."

... appears to be "part of a broader campaign against American media reporting on Chinese leaders," NPR's Louisa Lim reports from Beijing.

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Politics
6:29 am
Thu January 31, 2013

Government Spending Debate Affects Politics, Economy

Originally published on Thu January 31, 2013 7:31 am

Transcript

RENEE MONTAGNE, HOST:

That sharp drop in government spending that put the squeeze on the economy last quarter, as we just heard, is likely to be repeated. This spring, the government is set to make additional cuts to spending, including defense, unless lawmakers agree on a different plan. So far there's little agreement in Washington about the optimum size or shape of government spending.

NPR's Scott Horsley joins us now to talk about this in our Business Bottom Line. Good morning, Scott.

SCOTT HORSLEY, BYLINE: Good morning, Renee.

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Business
6:10 am
Thu January 31, 2013

The Last Word In Business

Originally published on Thu January 31, 2013 7:36 am

BlackBerry has unveiled a new smarthphone that it hopes will woo back the many customers it lost in the past few years. Among its strategies, the company appointed singer Alicia Keys as its global creative director. But in the last few days Keys was found to be tweeting from an iPhone, one of BlackBerry's big rivals.

Business
6:10 am
Thu January 31, 2013

Business News

Originally published on Thu January 31, 2013 7:08 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with advertisers liking Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: Facebook says its mobile advertising business nearly doubled from the third to fourth quarter of 2012. As a whole, the company's ad business grew at its fastest rate since it went public last May.

STEVE INSKEEP, HOST:

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Business
6:10 am
Thu January 31, 2013

Economists Shrug Off Weak U.S. Growth Rate

Originally published on Thu January 31, 2013 7:11 am

The economy shrank a bit in the fourth quarter and analysts are trying to figure out why. It's clear that declines in business inventories and government spending played a role, but was the real problem the narrowly averted fiscal cliff?

Business
6:10 am
Thu January 31, 2013

Lenovo Believes PCs Will Still Be Necessary

Originally published on Thu January 31, 2013 6:47 am

Chinese computer company Lenovo has become the world's biggest seller of personal computers. Steve Inskeep talks to Vijay Vaitheeswaran, a correspondent for The Economist, about his recent article in the magazine on the rise of Lenovo.

Planet Money
5:16 am
Thu January 31, 2013

Should Gun Owners Have To Buy Liability Insurance?

George Frey Getty Images

Originally published on

Note: We originally published a version of this post a few weeks ago. We are republishing it now to coincide with our story airing today on Morning Edition.

All kinds of proposals to reduce gun violence have been floated recently. One idea that has gotten the attention of economists is liability insurance. Most states require car owners to have liability insurance to cover damages their vehicles cause to others; some economists think we should require the same of gun owners.

We reached out to a few economists to get their thoughts.

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Business
4:16 am
Thu January 31, 2013

Boeing Contract Offer Could Prompt Engineers Strike

A Boeing 787 under construction inside a production facility at a Boeing plant in Everett, Wash., last year.
Susan Walsh AP

Originally published on Fri February 1, 2013 2:18 pm

Boeing is scrambling to figure out why batteries malfunctioned on its 787, prompting officials to ground the airplane this month. And at a time when Boeing most needs its skilled engineers, they're weighing a possible strike. Union leaders are considering the company's final contract offer.

The standoff between Boeing and about 23,000 engineers and technicians — mostly in the Seattle region — has been brewing for months. Dozens of them recently packed a union hall south of Seattle for training in how to run a picket line.

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