Business and Economy

The Two-Way
1:08 pm
Wed March 19, 2014

Boeing 787 Dreamliner Is Safe, FAA Team Concludes

At Tokyo International Airport last July, Boeing 787 Dreamliners flown by All Nippon Airways taxied across the tarmac.
Kimimasa Mayama EPA/Landov

Originally published on Wed March 19, 2014 2:53 pm

A year-long review of the Boeing 787, which experienced problems such as fuel leaks and a battery fire, has concluded that the plane is safe.

The Federal Aviation Administration reported Wednesday that a review team believes the aircraft, which Boeing calls the Dreamliner, "was soundly designed, met its intended safety level, and that the manufacturer and the FAA had effective processes in place to identify and correct issues that emerged before and after certification."

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The Two-Way
9:54 am
Wed March 19, 2014

Britain Plans New 12-Sided £1 Coin To Combat Counterfeiting

The new 12-sided coin billed as the most secure ever. It is scheduled to be introduced in 2017.
Royal Mint

Originally published on Wed March 19, 2014 11:20 am

Hoping to foil counterfeiters, Britain's Royal Mint is planning to introduce a new £1 coin that's described as the most secure in the world.

As British Chancellor George Osborne explained to Parliament on Wednesday, "the £1 coin has become increasingly susceptible to forgery" — noting that 1 in 30 of the £1 coins currently in circulation are fakes. The BBC reports that an estimated 45 million forgeries are in circulation.

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Business
9:28 am
Wed March 19, 2014

Toyota, Justice Department Reach Settlement On Recall

The Justice Department announced Wednesday that it has reached a billion-dollar agreement with Toyota, settling a federal probe into the company's handling of a recall for faulty gas pedals.

The Two-Way
7:47 am
Wed March 19, 2014

Toyota To Pay $1.2B To End Safety-Related Probe

Mark Ralston AFP/Getty Images

Originally published on Wed March 19, 2014 11:43 am

Updated at 10:30 a.m. ET.

Saying that "Toyota intentionally concealed information" and misled the public about the danger that some of its vehicles might suddenly accelerate, Attorney Gen. Eric Holder announced Wednesday that the automaker is being fined $1.2 billion for not being forthcoming after car owners started to complain in 2009.

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Sports
4:08 am
Wed March 19, 2014

Racetrack Soundtrack Goes From A Roar To A Purr

Originally published on Wed March 19, 2014 9:28 am

Transcript

RENEE MONTAGNE, HOST:

Good morning, I'm Renee Montagne.

Fans of Formula One racing love the roar of the engines.

(SOUNDBITE OF ENGINES)

MONTAGNE: But this year's F1 cars are hybrids and that familiar roar has been reduced to a purr.

(SOUNDBITE OF CARS)

MONTAGNE: Australia's Grand Prix organizers are not loving the quiet. They say fans aren't getting what they paid for. One official described the new engines - hmmph, like harpsichords in a chamber orchestra.

Education
3:57 am
Wed March 19, 2014

To Fill Skills Gap In U.S., Schools Look Abroad

Originally published on Wed March 19, 2014 9:28 am

Transcript

DAVID GREENE, HOST:

One big challenge in the U.S. economy is the skills gap. Employers are finding workers just don't have the skills to get the job done. The White House has focused on the problem. At a manufacturing plant this year President Obama said the United States has to improve job training programs and community colleges and trade schools are trying. Susanna Capelouto reports on why Europe might have some tips.

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World
3:57 am
Wed March 19, 2014

Will Economic Sanctions Impact Russia?

Originally published on Wed March 19, 2014 12:13 pm

It's not easy for the U.S. to put effective sanctions on Russia. But even Russians need to use U.S. financial institutions, and you pressure a country by limiting access to dollars and world markets.

Business
3:57 am
Wed March 19, 2014

Sony Pictures To Lay Off Interactive Group

Originally published on Wed March 19, 2014 9:28 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Hollywood layoffs.

Sony has notified California's Labor Board that come June it will lay off more than 200 employees at its movie and television studios.

NPR's Mandalit del Barco reports this is happening in a film industry that's facing across the board cost cutting.

MANDALIT DEL BARCO, BYLINE: Sony Pictures Entertainment will reportedly lay off its entire interactive marketing team responsible for online movie promos like this.

(SOUNDBITE OF MOVIE PROMO)

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Around the Nation
4:00 pm
Tue March 18, 2014

With Less Financial Security, Older Workers Stay On The Job

Man signing a contract in his attorney's office.
Lisa F. Young iStockPhoto

Originally published on Tue March 25, 2014 4:22 pm

The laboratories at The Aerospace Corp. in El Segundo, Calif., look more like a bunch of stuff from the hardware store than the set from Star Trek. But physicist John Hurrell gazes at a nondescript collection of tubes with admiration. It's a transmission electron microscope.

"This is one of the pieces of equipment which will enable us to get down pretty well to atomic-level sensitivity," he says.

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The Salt
2:47 pm
Tue March 18, 2014

A Cold One For Everyone: Craft Beer Sales Surged In 2013

I'll Drink To That: Craft beer sales jumped 20 percent last year.
Justin Sullivan Getty Images

Originally published on Wed March 19, 2014 7:38 am

If you think craft beer is seemingly everywhere these days, there's good reason. From bars and restaurants to supermarket aisles, the selection of locally made, often quirkily named brews has grown at an exponential rate.

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