NPR Business

Business
4:46 am
Wed January 9, 2013

Target Ratchets Up Retail Price War

Originally published on Wed January 9, 2013 6:26 am

Target says it will match the online prices of Amazon.com and others. Target knows that increasingly consumers are using mobile devices to check prices online as they cruise the aisles. And if the price is better somewhere else, that's where they'll buy it.

Business
4:46 am
Wed January 9, 2013

AIG Considers Joining Greenberg's Bailout Lawsuit

Originally published on Wed January 9, 2013 6:32 am

Insurance company AIG holds a board meeting Wednesday to consider joining former CEO Maurice "Hank" Greenberg's lawsuit against the government over its handling of the AIG bailout in 2008. For more on the suit, Steve Inskeep talks to business reporter Michael de la Merced of The New York Times.

Business
4:46 am
Wed January 9, 2013

Mississippi River Level Disrupts Supply Chain

Originally published on Wed January 9, 2013 6:26 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. Good morning.

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Business
4:46 am
Wed January 9, 2013

The Last Word In Business

Originally published on Wed January 9, 2013 7:03 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is Psyper Bowl.

(SOUNDBITE OF SONG, "GANGNAM STYLE")

PSY: Oppan Gangnam style. Gangnam style. Op op op op oppan Gangnam Style.

MONTAGNE: South Korean pop star Psy took YouTube by storm with the viral sensation "Gangnam Style." Now he's setting his sights on the Super Bowl.

STEVE INSKEEP, HOST:

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Business
4:46 am
Wed January 9, 2013

Business News

Originally published on Wed January 9, 2013 6:51 am

Alcoa, the biggest aluminum producer in the U.S., has announced it posted a profit of more than $240 million in the last three months of 2012. That's a big improvement from the same quarter the year before when it lost $190 million.

Business
6:33 pm
Tue January 8, 2013

After The 'Fiscal Cliff,' Businesses Say Some Uncertainty Remains

U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff. But the unemployment rate remained at 7.8 percent last month.
Damian Dovarganes AP

Originally published on Tue January 8, 2013 7:23 pm

Businesses complained that the uncertainty surrounding the "fiscal cliff" froze their decisions about hiring and expanding, which hurt the economy. Washington has now managed half a deal, which settles tax issues, at least for the time being. But has that removed enough uncertainty to boost some business hiring and investment?

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The Two-Way
5:13 pm
Tue January 8, 2013

Fuel Leak At Logan Airport Adds To Trouble For Boeing 787 Dreamliner

A Japan Airlines Boeing 787 Dreamliner jet aircraft is surrounded by emergency vehicles while parked at a Terminal E gate at Logan International Airport in Boston on Monday. A small electrical fire filled the cabin of the JAL aircraft with smoke about 15 minutes after it landed in Boston.
Stephan Savoia AP

Originally published on Tue January 8, 2013 5:44 pm

A fuel leak Tuesday on a Tokyo-bound Japan Airlines flight forced the Boeing 787 Dreamliner aircraft to cancel takeoff and return to the gate at Boston's Logan International Airport. It was the second incident involving a Dreamliner in two days.

Here's how Logan airport described the incident on its Facebook page:

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The Two-Way
1:37 pm
Tue January 8, 2013

European Union Reports Highest Unemployment Rates Ever For Eurozone

In Badalona, Spain, people waited outside an employment office last summer.
Albert Gea Reuters /Landov

Originally published on Tue January 8, 2013 3:24 pm

In the European Union, unemployment rates in the region that uses the euro currency are at their highest ever, as a returned recession, falling income levels and persistent debt concerns trouble the region's economy, as its latest statistics show.

After nearly five years of economic crises, the European Union is also seeing more divergence between its member nations, particularly in the north, where economies have resilience, as opposed to the south, where unemployment rates are an average of more than 7 points higher.

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Your Money
1:26 pm
Tue January 8, 2013

Havens Are Turning Hellish For Tax Avoiders

A man enters a UBS bank in Hong Kong last month. The Swiss banking giant agreed in 2009 to identify the names of its U.S. account holders, part of a push by banking regulators to make it harder to hide income.
Dale de la Rey AFP/Getty Images

Originally published on Fri January 11, 2013 7:43 am

Time was that a Swiss bank account was synonymous with confidentiality and keeping assets from prying eyes. No more.

Last week, Switzerland's oldest bank, Wegelin & Co., pleaded guilty in a New York court to helping Americans hide $1.2 billion from the Internal Revenue Service over a decade-long period. Wegelin's plea, and a $57.8 million fine, forced the bank to shut its doors. It follows a $780 million settlement with UBS in 2009 that forced the Swiss banking giant to identify the names of its U.S. account holders.

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Business
6:06 am
Tue January 8, 2013

Business News

Originally published on Tue January 8, 2013 7:40 am

Samsung Electronics announced profits of more than $8 billion for the final quarter of 2012. Samsung's Japanese competitor Sony unveiled a water resistant smartphone at the Consumer Electronics Show in Las Vegas.

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