NPR Business

The Two-Way
2:47 pm
Mon March 25, 2013

Goldman Cuts BlackBerry Rating After Stalled Smartphone Launch

BlackBerry's Z10: "Disappointing" launch.
Kevork Djansezian Getty Images

Originally published on Mon March 25, 2013 3:06 pm

Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.

The Wall Street Journal reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.

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The Two-Way
11:00 am
Mon March 25, 2013

Ford Sorry For Mocked-up Ads In India Showing Bound And Gagged Women

The Ford Figo when it was introduced to India in 2009. A set of edgy illustrations about the car from Ford's ad agency in India have drawn fire.
Manan Vatsyayana AFP/Getty Images

Originally published on Mon March 25, 2013 11:33 am

Illustrations produced by an Indian ad agency showing scantily clad cartoon women bound, gagged and stuffed into the hatch of a Ford Figo have led both the car company and the ad agency's parent to issue apologies.

The images, according to FirstPost.Business, were "scam ads — ads that are created not to sell products and services, but to win awards at awards shows such as the Abby or at Cannes."

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The Two-Way
10:27 am
Mon March 25, 2013

Russian Tycoon Berezovsky Reportedly Left No Suicide Note

Berezovsky addresses the media outside a London court after losing his lawsuit against Roman Abramovich in August.
Warrick Page Getty Images

Originally published on Mon March 25, 2013 6:58 pm

British police say exiled Russian oligarch Boris Berezovsky, whose body was found over the weekend, left no suicide note and that there was no evidence of third-party involvement in his death.

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The Two-Way
8:32 am
Mon March 25, 2013

Cypriots Are Suspicious, But Bailout Deal Seems Set

A Cypriot man held some coins in Nicosia on Sunday. He and others on the island nation were watching anxiously as world leaders put together a bailout package for Cypriot banks.
Katia Christodoulou EPA /LANDOV

Originally published on Mon March 25, 2013 6:01 pm

  • From 'Morning Edition': Soraya Sarhaddi Nelson reports

The deal we posted about Sunday evening — a $13 billion bailout by international creditors for the beleaguered banking system on Cyprus — is being met with skepticism on that Mediterranean island nation.

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Business
4:47 am
Mon March 25, 2013

The Last Word In Business

Originally published on Mon March 25, 2013 8:34 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: highly illogical, captain.

Congress has rebuked the IRS for spending tens of thousands of dollars to film a "Star Trek" parody video.

(SOUNDBITE OF IRS VIDEO)

UNIDENTIFIED MAN: These are the voyagers of the Starship Enterprise Y. Its never-ending mission is to seek out new tax forms, to explore strange new regulations, to boldly go where no government employee has gone before.

RENEE MONTAGNE, HOST:

The video stars IRS workers and was shown at a conference in 2010.

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Business
4:47 am
Mon March 25, 2013

Business News

Originally published on Tue March 26, 2013 11:18 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Apple doing some shopping.

Apple has been trying to go head-to-head with Google to provide better mapping services. Apple's latest effort to do that has a price tag of $20 million. That's how much it paid for a small startup company called WiFiSLAM, which maps indoor settings. Think shopping malls and airports. Apple confirmed the purchase to The Wall Street Journal, but wouldn't discuss its plans. Transcript provided by NPR, Copyright NPR.

Business
4:47 am
Mon March 25, 2013

Matzo Granola: From Family's Shelf To Store Shelves

Originally published on Mon March 25, 2013 8:34 am

Transcript

RENEE MONTAGNE, HOST:

Well, Passover begins tonight at sundown. Observant Jews will commemorate the mass exodus from Egypt and for the next eight days eat matzo, the dry flat cracker known as much for its bland taste as its symbolism. It's also fueled the entrepreneurial spirit of an Atlanta couple.

Susan Mittleman sampled their business venture, a venture that mixes matzo with granola.

SUSAN MITTLEMAN, BYLINE: Wayne Silverman has made maple-nut matzo granola in his kitchen for more than 40 years.

(SOUNDBITE OF MATZO BEING BROKEN)

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Economy
4:47 am
Mon March 25, 2013

Examining Dual Trends In The Economy

Originally published on Mon March 25, 2013 8:34 am

Both housing and the stock market have been on the upswing in recent months. But a full recovery in the housing market would be more significant to the overall economy. That's because more Americans have something at stake in home values than in stock prices.

Around the Nation
4:47 am
Mon March 25, 2013

N.J. Beach Houses Sell Well Despite Sandy

Originally published on Mon March 25, 2013 11:13 am

Despite the enormous destruction Hurricane Sandy caused to the Jersey Shore, realtors who specialize in the region say business has been steady. Plenty of home buyers and investors appear eager to jump into the market. Damaged homes and lots have been selling for discounted rates, while prices are inching up on houses that survived since there are simply fewer properties available.

Business
4:47 am
Mon March 25, 2013

More Suitors Offer To Take Over Dell

Originally published on Mon March 25, 2013 8:34 am

The board of the computer company Dell is said to be weighing several takeover offers. The company's founder has allied with the private equity firm Silver Lake to take the company private.

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