NPR Business

Business
4:35 am
Wed April 17, 2013

American Airlines Blames Computers Issues For Cancellations

Originally published on Wed April 17, 2013 2:46 pm

Transcript

DAVID GREENE, HOST:

Well, yesterday was not a day that you wanted to be traveling on American Airlines. The carrier cancelled all of its main routes for several hours, and also many of its commuter flights, as well. Almost 2,000 flights were infected in all. American blames computer networking problems.

NPR's Wendy Kaufman reports.

(SOUNDBITE OF CROWD CHATTER)

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Business
4:35 am
Wed April 17, 2013

Seeing The World Through Goolge-Colored Glasses

Google co-founder Sergey Brin shows off Google Glass in February. Brin says the camera displays an external light when filming, making it difficult for a user to record surreptitiously.
Jeff Chiu AP

Originally published on Thu April 18, 2013 12:17 pm

Google Glass is no longer merely a prototype. The company began delivering its high-tech glasses to a select group of test customers Tuesday.

The gadget looks kind of like a pair of eyeglasses, except it doesn't always have lenses and it has a tiny screen, about the size of the end of my pinkie, perched just above and to the right of the wearer's right eye.

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The Two-Way
4:54 pm
Tue April 16, 2013

American Airlines Grounds All Flights Due To Computer Glitch

American Airlines flights were grounded for two hours on Tuesday due to a glitch in the reservation system, the airline says.
Tom Pennington Getty Images

A computer glitch in the reservations system at American Airlines caused all of the carrier's flights to be grounded for at least two hours on Tuesday.

"American's reservation and booking tool, Sabre is offline," American Airlines spokeswoman Mary Frances Fagan told Reuters in an email. "We're working to resolve the issue as quickly as we can. We apologize to our customers for any inconvenience."

NPR's Wade Goodwyn reports that the outage was announced about 2:30 p.m. Eastern time.

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The Two-Way
10:09 am
Tue April 16, 2013

IMF Lowers 2013 Economic Growth Forecasts

The IMF says economic woes in places like Cyprus will tamp down global growth.
Patrick Baz AFP/Getty Images

Originally published on Tue April 16, 2013 12:30 pm

The International Monetary Fund has lowered its projections for global economic growth, including in the United States, citing sharp cuts in government spending and the struggling eurozone.

The Washington, D.C.-based international lender's World Economic Outlook shaved its 2013 forecast to 3.3 percent from 3.5 percent. It also trimmed its projection for 2014 to 4 percent from 4.1 percent.

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The Two-Way
8:51 am
Tue April 16, 2013

Housing Starts Surged In March, Pace Is Fastest In 5 Years

A home under construction in Provo, Utah, earlier this year.
George Frey Landov

Originally published on Tue April 16, 2013 12:52 pm

There was a 7 percent surge in housing starts last month, the Census Bureau and Department of Housing and Urban Development report.

As The Associated Press notes, the pace of construction — 1.04 million starts, at an annual rate — is the fastest in nearly five years and is another sign that the housing sector continues to recover from its 2007-08 crash.

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Business
5:29 am
Tue April 16, 2013

Bankruptcy Affects More Than Patriot Coal's Retired Miners

Originally published on Tue April 16, 2013 2:04 pm

Retired miners are converging on St. Louis Tuesday for a union rally to protest a proposed cut in health benefits. Patriot Coal is in bankruptcy and has asked a federal judge to allow it to shed most of the health coverage for nearly 10,000 retired miners. But most of those miners never worked a day for Patriot.

Business
5:29 am
Tue April 16, 2013

Business News

Originally published on Tue April 16, 2013 2:04 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with gold losing some of its glitter.

(SOUNDBITE OF MUSIC)

INSKEEP: The explosions in Boston and a report showing China's economy to be slowing caused upheaval in many markets yesterday. But gold took the spotlight when its price dropped by more than 9 percent by the end of trading. This is the sharpest daily decline in the gold price in 30 years. Analysts say it suggests investors are losing faith in the precious metal as a safe haven.

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Business
5:29 am
Tue April 16, 2013

The Last Word In Business

Originally published on Tue April 16, 2013 2:04 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Pulitzer - or Pulitzer, as they used to pronounce it when I was growing up in Indiana.

Yesterday, the Pulitzer Prize winners were announced. The New York Times led the way, taking four awards for its reporting.

DAVID GREENE, HOST:

And in the arts category, this year marked the return of the prize for fiction. No winner was chosen in 2012. This year, Adam Johnson took the fiction prize for his book, "The Orphan Master's Son."

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Planet Money
3:55 am
Tue April 16, 2013

Most People Are Supposed To Pay This Tax. Almost Nobody Actually Pays It.

Amazon doesn't charge sales tax in most states — but you may still be on the hook to pay the tax.
Scott Sady AP

Originally published on Tue April 16, 2013 2:17 pm

The majority of Americans have now filed their taxes. And the majority of Americans have done so incorrectly.

There is one mistake, in particular, that lots of people made: They bought tax-free things online or in another state — and they failed to pay tax on their purchase in their home state.

It's called a use tax. As far as I can tell, accountants and tax lawyers are some of the only people who pay it.

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Media
6:06 pm
Mon April 15, 2013

Coveted Pulitzer Prizes Announced

Originally published on Mon April 15, 2013 10:02 pm

Transcript

ROBERT SIEGEL, HOST:

The 2013 Pulitzer Prizes were awarded today in journalism, fiction, poetry, drama and music. Among the winners: many of the most prominent news organizations and some less prominent. NPR media correspondent David Folkenflik joins us now from our bureau in New York. And, David, tell us about some of today's winners.

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