NPR Business

Economy
10:44 am
Wed January 30, 2013

In 4th Quarter, Economy Shrank For First Time Since '09

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep, with Renee Montagne. Good morning.

Let's try again, shall we, to explain what it means when we hear that the U.S. economy shrank in the fourth quarter of 2012. As we've discussed elsewhere in the program, the decline was slight - just one-tenth of a percentage point - but it is the first contraction of the economy since the Great Recession officially ended in 2009. NPR's Jim Zarroli is with us once again in New York. Jim, good morning.

JIM ZARROLI, BYLINE: Good morning.

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The Two-Way
9:08 am
Wed January 30, 2013

192,000 Jobs Added To Payrolls This Month, Report Signals

Looking for work: In Birmingham, Ala., last summer, Jessica McQueen (left) and Ashley Abramson were among those filling out applications at a jobs fair.
Joe Songer Birmingham News /Landov

After bad news about late 2012 — that the U.S. economy shrank a bit in the fourth quarter — there's modestly good news about early 2013:

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The Two-Way
8:48 am
Wed January 30, 2013

Economy Shrank At 0.1 Percent Annual Rate In Fourth Quarter

Originally published on Wed January 30, 2013 9:11 am

The U.S. economy shrank at a 0.1 percent annual rate in the fourth quarter, the Bureau of Economic Analysis reports, its first quarterly contraction since the second quarter of 2009.

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The Two-Way
8:15 am
Wed January 30, 2013

Report: Your Salary Data May Be For Sale

Fill out an application for a loan, and your wage history may go places you didn't expect.
Joe Raedle Getty Images

Originally published on Wed January 30, 2013 6:42 pm

If you've earned a paycheck in recent years, you'll probably want want to know about this:

The Equifax credit reporting agency, NBC News reports, has collected 190 million employment and salary records on about one-third of U.S. adults and has sold some of the information "to debt collectors, financial service companies and other entities."

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Business
5:33 am
Wed January 30, 2013

Profit-Sharing Checks Replace Autoworkers Raises

Originally published on Wed January 30, 2013 10:44 am

Transcript

STEVE INSKEEP, HOST:

The Ford Motor Company also announced its earnings yesterday, saying it had a pre-tax profit of $8 billion for 2012. And that gives union employees a reason to celebrate. They will each get a profit sharing check of $8,300 - a record high amount.

There's also some good news coming for General Motors workers, as Michigan Radio's Tracy Samilton reports.

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Business
5:33 am
Wed January 30, 2013

RIM To Unveil BlackBerry Makeover

Originally published on Wed January 30, 2013 10:44 am

Transcript

RENEE MONTAGNE, HOST:

And there was a time only a few years ago when the BlackBerry was the undisputed champion of the smartphone market - a title now held by Apple's iPhone or the Samsung Galaxy. After years of falling sales and strategic blunders, the company that many have already written off, is unveiling a new device today. It's called the BlackBerry Z10.

And to talk about whether it can save the company, we called Rich Jaroslovsky. He's technology commentator for Bloomberg News.

Glad to have you on the show again.

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Television
5:33 am
Wed January 30, 2013

Competition, High Bills Hurt Cable Companies

Originally published on Wed January 30, 2013 10:44 am

Transcript

STEVE INSKEEP, HOST:

OK. In the next few days, cable companies announce how they did financially in 2012. Most industry watchers expect some negative trends to continue. More people are canceling their cable subscriptions. They are called cord cutters, because they are getting TV from the Internet and over the air, not their cable cords. But they're not the only problem the cable industry needs to worry about. NPR's Neda Ulaby reports.

NEDA ULABY, BYLINE: Meet Comcast's worst nightmare.

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NPR Story
5:16 am
Wed January 30, 2013

The Last Word In Business

Originally published on Wed January 30, 2013 10:44 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: trademarks inside of trademarks.

Apple is understandably wary of other businesses trying to steal its vibe. Fake Apple stores have popped up in China that seem so authentic that even the employees thought they were real.

RENEE MONTAGNE, HOST:

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NPR Story
5:16 am
Wed January 30, 2013

Fourth-Quarter Reports: Boeing Profits Up, Amazon Down

Originally published on Wed January 30, 2013 10:44 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with steady profits from Boeing.

(SOUNDBITE OF MUSIC)

U.S.
12:34 am
Wed January 30, 2013

Debate Over Rebuilding Beaches Post-Sandy Creates Waves

Ongoing beach nourishment, like this project in Viriginia Beach, has been the topic of debate. Some people say it's needed to protect beach communities; others decry the costs.
Pam Spaugy U.S. Army

Originally published on Wed January 30, 2013 12:49 pm

For a half-century, the U.S. Army Corps of Engineers has been in the beach business, dredging up new sand as shorelines wash away. Federal disaster aid for Superstorm Sandy could provide billions more for beach rebuilding, and that has revived an old debate: Is this an effective way to protect against storms, or a counterproductive waste of tax dollars?

On a recent blustery day at Virginia Beach, the latest beach nourishment project is in full swing. A bulldozer smooths out pyramids of sand, and on the horizon, a large, black hopper dredge appears with another load.

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