NPR Business

Business
4:49 am
Tue September 25, 2012

Discover To Refund $200 Miollion To Customers

Originally published on Tue September 25, 2012 12:00 pm

Transcript

STEVE INSKEEP, HOST:

Some other news. Discover Financial Services has agreed to refund $200 million to more than three and a half million credit card customers. A federal investigation found the company used deceptive marketing practices. It's one of the first major enforcement actions by the new Consumer Financial Protection Bureau.

NPR's Ailsa Chang reports that Discover allegedly charged customers for add-on services they never ordered.

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Business
3:27 am
Tue September 25, 2012

Chicago Pits Quieter, But Traders' Outcries Linger

Traders work in the bond pit at the Chicago Board of Trade in 1995. In recent decades, much of the trading has left the pits and gone electronic.
Michael S. Green AP

Originally published on Tue September 25, 2012 8:18 pm

The trading pits at the Chicago Board of Trade and the Mercantile Exchange have long been potent symbols of American capitalism. And they used to be as rough and tumble as the city itself, where burly men bought and sold commodities like hogs, cattle, corn and soybeans.

Trading volume has gone up considerably in recent years, but Chicago's trading pits are tamer places today — the result of a revolution futures trading has undergone over the past quarter century. Much of the trading has left the pits and gone electronic.

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Asia
3:21 am
Tue September 25, 2012

Americans In China Feel Pinch Of Shifting Economies

China has welcomed U.S. business expertise for many years as its economy has advanced rapidly. Jim Rogers, a prominent U.S. investor, is shown here in China at the 2nd Hunan Finance Expo in 2011. However, the Chinese are becoming more confident in their own business skills and more critical of American practices in recent years, according to U.S. business executives working in China.
ChinaFotoPress Getty Images

Originally published on Tue September 25, 2012 12:00 pm

In recent years, China's status — like its economy — has continued to rise as the economies in America and Europe have struggled.

That shift isn't just reflected in economic numbers, and some American business people in China say they don't feel as respected or as valued as before.

Not long after Michael Fagle arrived in Shanghai in 2005 with DuPont, he went to visit a Chinese customer. Back then, Fagle says, he was treated as a sage from the West.

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The Salt
5:00 pm
Mon September 24, 2012

Lawsuit Claims Pork Producers Council Scammed $60 Million From Farmers

"The Other White Meat" slogan has been a popular promotion for pork since the 1980s. But a recent lawsuit raises questions about who owns it and who pays.
ugod Flickr.com

Originally published on Mon September 24, 2012 5:18 pm

You know that ad campaign for pork, the one that called it "the other white meat?" There's a fascinating behind-the-scenes story about that slogan, revealed in a new lawsuit that was just filed this morning by the Humane Society of the United States.

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All Tech Considered
4:24 pm
Mon September 24, 2012

Tesla's Big Gamble: Can The Electric Car Go Mainstream?

Tesla workers cheer on one of the first Tesla Model S cars sold, during a rally at the Tesla factory in Fremont, Calif., in June. The company is now unveiling a new network of refueling stations for the vehicles.
Paul Sakuma AP

Originally published on Tue October 16, 2012 4:33 pm

Starting a new car company from scratch isn't tried often in the United States. The last time one was truly successful was about 100 years ago. And Tesla Motors, a startup from Silicon Valley, faces some unusual hurdles.

Still, despite the challenges Tesla faces, the electric car company and its CEO, Elon Musk, have gotten further than most automotive entrepreneurs.

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The Two-Way
1:12 pm
Mon September 24, 2012

'Flo' Makes List Of 'Top 10 Female Ad Icons;' Who's Missing?

Flo's an icon, the folks at Ad Age say.
Flo, the Progressive Girl's Facebook page

Originally published on Mon September 24, 2012 3:01 pm

Ad Age just unveiled its "top 10 female ad icons of all time" list:

-- Morton Salt's 'umbrella girl"

-- Betty Crocker

-- Miss Chiquita

-- Rosie the Riveter

-- Josephine the Plumber (Comet cleanser)

-- Mrs. Olson (for Folgers coffee)

-- Madge the manicurist (Palmolive soap)

-- Rosie the waitress (Bounty paper towels)

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The Two-Way
12:57 pm
Mon September 24, 2012

More Than 5 Million New iPhones Sold In Debut Weekend, Apple Says

Hazem Sayed exits the Apple store on Fifth Avenue after purchasing his new iPhone 5.
Don Emmert AFP/Getty Images

Originally published on Tue September 25, 2012 3:50 pm

Apple sold more than 5 million iPhones this weekend, the company said in a press release. That surpasses the initial sales of the previous version.

As Bloomberg news reports, demand for the new phone quickly exceeded the initial supply, but some analysts expected bigger sales.

They report:

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The Salt
11:20 am
Mon September 24, 2012

Getting A More Svelte Salmon To Your Dinner Plate

An Atlantic salmon leaps while swimming inside a farm pen near Eastport, Maine. Studies show farm-raised fish, like people, benefit from exercise.
Robert F. Bukaty AP

Originally published on Mon September 24, 2012 5:01 pm

When it comes to farm raised fish, it doesn't pay to let them be lazy. Fish like wild salmon, tuna and eel are built for the vigorous swimming required during migration.

These fish are "uniquely adapted to a physiology of high levels of exercise performance," says Tony Farrell, who studies fish physiology in the University of British Columbia Zoology department. "Therefore when we put them in constrained environments and remove predators, the consequences are they become a little more like couch potatoes."

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The Two-Way
7:39 am
Mon September 24, 2012

'Amazing Scene' As Riot Shuts Foxconn Plant In China

Workers at a Foxconn plant in Shenzhen, China, in 2010.
AFP/Getty Images

Originally published on Mon September 24, 2012 9:01 am

  • NPR's Frank Langfitt talks with Steve Inskeep on 'Morning Edition'

At one point overnight as many as 2,000 workers at a Foxconn plant in Taiyuan, China, were involved in a riot that drew 5,000 police officers to the site and has closed the facility that makes parts for Apple's iPhones and hardware for other companies including Microsoft and Hewlett-Packard.

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Business
5:07 am
Mon September 24, 2012

Business News

Originally published on Mon September 24, 2012 11:10 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news begins with a media divorce.

Village Voice Media Holdings, the company that publishes the newspaper of the same name, is breaking up with its controversial advertising service. Backpage.com has been accused of facilitating sex trafficking, and activists have been pressuring the Village Voice to shut down its adult classifieds service - so the company is splitting up its portfolio.

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