NPR Business

Business
6:15 pm
Wed August 8, 2012

Tax Evaders Beware! Money's Getting Harder To Hide

The U.S. government has been working for years to crack down on Americans dodging taxes overseas. In 2009, under intense pressure, the Swiss bank UBS released the names of its American customers.
Fabrice Coffrini AFP/Getty Images

Originally published on Thu August 9, 2012 3:51 pm

Republican presidential candidate Mitt Romney has acknowledged that he had money in a Swiss bank account until 2010. Romney says he wasn't trying to hide the money, since he reported the account to the government.

Even so, he closed the account at a time when the federal government was in the middle of a major crackdown on offshore tax havens — a crackdown that has made it harder for Americans to hide their money overseas.

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All Tech Considered
2:36 pm
Wed August 8, 2012

As Starbucks Adopts 'Square' Payments, Will Other Merchants Follow?

Square allows merchants to accept payments automatically from recognized registered customers.
Square screen grab

You could soon pay for a latte at Starbucks simply by walking into the store with a smartphone in your pocket and giving the cashier your name.

Square, a San Francisco-based payments startup unveiled a deal Wednesday with the world's largest coffee chain that will move its mobile payments products into Starbucks stores around the U.S. starting this fall.

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The Torch
10:53 am
Wed August 8, 2012

Rogue Condoms Appear In Olympic Village; Organizers Take Action

London Mayor Boris Johnson picks up a packet of Olympic branded condoms during a visit to the Olympic Village last month. Durex, the official Olympic supplier, has sent 150,000 condoms to the village. A bucket of rogue condoms has created a small controversy.
Scott Heavey Getty Images

It should come as no surprise that Olympics organizers take brand endorsements and official suppliers very seriously. That extends beyond logos on shorts and shoes — up to, and including, condoms. That's right, the Olympics has an "official" condom — and organizers want to get to the bottom of how a bucket of rogue condoms reached the Olympic Village.

As has happened before at the London Games, it started with a tweet.

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Business
4:50 am
Wed August 8, 2012

Chevron Fire May Lead To Higher Calif. Gas Prices

Originally published on Wed August 8, 2012 11:52 am

Transcript

RENEE MONTAGNE, HOST:

Here in the U.S., analysts are trying to figure out what affect an oil refinery fire could have on gasoline prices. The fire erupted Monday night at an important refinery in Richmond, California. It's owned by Chevron Corporation. It was extinguished within five hours, but could have a lasting impact.

NPR's Richard Gonzales reports that gas prices are expected to shoot up in an already expensive market.

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Business
4:50 am
Wed August 8, 2012

The Last Word In Business

Originally published on Wed August 8, 2012 11:52 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business is: shocking - positively shocking.

STEVE INSKEEP, HOST:

Any James Bond fan knows that's a line from (Singing) "Goldfinger."

It's what Bond says after electrocuting a henchmen in a bathtub.

MONTAGNE: Britain has the Olympics, and this fall, it will have a 24-hour James Bond channel. British broadcaster BSkyB is launching the channel for the month of October to mark the 50th anniversary of the Bond franchise.

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NPR Story
4:50 am
Wed August 8, 2012

Business News

Originally published on Wed August 8, 2012 11:52 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with markets rather optimistic.

Stock market averages in Asia closed higher today for the third day in a row. There's apparently a feeling that the U.S. and Europe are poised to make moves that will help the global economy. Investors are betting that the Federal Reserve will launch new stimulus action. And they're also betting that some decisive action will be taken soon to reign in the fiscal crisis in Europe.

Business
3:19 am
Wed August 8, 2012

Natural Gas Giant Tries To Shift Gears

Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa., in 2010.
Ralph Wilson AP

Originally published on Thu August 9, 2012 3:54 pm

A drop in natural gas prices is hurting balance sheets across the petroleum industry. The second-largest natural gas producer in the United States — Oklahoma City-based Chesapeake Energy — has been hit especially hard.

After 23 consecutive years of touting its increasing natural gas production, Chesapeake CEO Aubrey McClendon told investors during a conference call Tuesday that the company projects its gas output will drop about 7 percent in 2013.

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Business
4:38 pm
Tue August 7, 2012

British Bank's Value Tanks After Laundering Charges

Originally published on Tue August 7, 2012 6:00 pm

At a time when European banks already are struggling, three huge British banks recently have been charged with engaging in bad practices or flat-out corruption. Barclay's had its LIBOR scandal, HSBC had its drug money scandal and now Standard Bank is being accused of money laundering. What's going on in London and what are the potential impacts on the U.S. economy?

National Security
1:41 pm
Tue August 7, 2012

The Role Of Government In Cybersecurity

Originally published on Tue August 7, 2012 2:03 pm

The Cyber Security Act of 2012 failed in the Senate, despite growing alarm in the intelligence community about the vulnerabilities of the nation's infrastructure. The episode highlights a unique problem for politicians concerned about the balance between national security and federal regulation.

All Tech Considered
1:04 pm
Tue August 7, 2012

How His Life Was Hacked In The Cloud

Originally published on Thu August 9, 2012 8:45 am

  • Mat Honan talks to Morning Edition co-host Renee Montagne

I spent some time at the Defcon and Black Hat conferences in Las Vegas over the past few weeks listening to hackers describe the myriad security holes and flaws in some of the most popular products and applications that roam free in the online world.

While this experience made me nervous, so far at least I have fared better than writer Mat Honan.

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