Business and Economy

Media
3:55 am
Tue February 11, 2014

eBay Co-Founder's Media Company Launches Digital Magazine

Originally published on Tue February 11, 2014 12:28 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. Good morning.

In the coming weeks, NPR media correspondent David Folkenflik will tell us about media outlets grappling with how to report and present the news, and how to pay for that reporting amid major changes in the industry. In this, his first story, David reports on a new news organization called First Look Media, which made its debut yesterday.

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Business
3:55 am
Tue February 11, 2014

AOL Reverses Changes To Retirement Contribution

Originally published on Tue February 11, 2014 12:28 pm

Transcript

STEVE INSKEEP, HOST:

AOL drew much criticism after it fumbled the rollout of changes to its employee retirement plan last week. The protests grew so loud the company had to reverse itself, and the CEO issued an apology.

From member station WNYC, Ilya Marritz reports.

ILYA MARRITZ, BYLINE: AOL got in trouble, not so much for the changes it tried to make, but for its explanation for why those changes were necessary.

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The Two-Way
5:58 pm
Mon February 10, 2014

GM Says New CEO Will Earn 60 Percent More Than Male Predecessor

New CEO of General Motors Mary Barra.
Michael Probst AP

General Motors took the unusual step of releasing full details of their new CEO's pay package.

All told, Mary Barra could make $14.4 million this year, or about 60 percent more than her male predecessor.

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Economy
11:01 am
Mon February 10, 2014

Worker Productivity Is Up, But Are Employers Sharing The Wealth?

Originally published on Mon February 10, 2014 1:06 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. We'd like to start the program today by talking about Friday's jobs report which was once again disappointing. The report also shared bad news for people who are working that wages remain stagnant.

There was good news, though, for employers. Worker productivity has gone up. We wanted to talk more about what productivity means and what this whole issue means for the economy, so we've called once again on NPR's senior business editor Marilyn Geewax. Welcome back, Marilyn.

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Business
6:45 am
Mon February 10, 2014

'Dumb Starbucks' Mocks Coffee Behemoth

"Dumb Starbucks" opened on Friday, serving free "dumb lattes" and other coffee drinks all weekend. The coffeehouse categorizes itself as a parody, protected by the "fair use" doctrine.

Europe
5:23 am
Mon February 10, 2014

Hollande's U.S. Visit To Send Signal To French Entrepreneurs

Originally published on Mon February 10, 2014 6:45 am

French President Francois Hollande arrives in the U.S. on Monday. In addition to a stop at Thomas Jefferson's Monticello in Virginia, Hollande will travel to Silicon Valley. The French president has been seen as anti-business, but he is trying to send a positive signal to French entrepreneurs with his visit to the world's high-tech capital.

Business
4:30 am
Mon February 10, 2014

Chinese Tech Giant Lenovo Extends Its Reach In U.S.

Originally published on Mon February 10, 2014 6:45 am

In January, Lenovo struck deals with two American companies. In a span of one week, the company spent roughly $5 billion to purchase both IBM's low-end server business and Google's Motorola mobile phone business. The moves help establish Lenovo as a global player.

Politics
4:18 am
Mon February 10, 2014

Does Congress Have Enough Political Will To Reduce The Debt?

Originally published on Tue February 11, 2014 9:24 am

Transcript

RENEE MONTAGNE, HOST:

When Congress reached a bipartisan budget deal last December, there was much fanfare about the compromises made by both parties. And immediately afterwards, lawmakers on both sides of the aisle began working to reverse one of the spending cuts - a small reduction in military pensions. One plan to restore those pensions is up for a vote today in the Senate. As NPR's Ailsa Chang reports, resistance against the small cut is calling into question whether Congress has the political will to reduce the long-term debt.

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Business
4:18 am
Mon February 10, 2014

Why Europe Is Interested In Closer Ties With Cuba

Originally published on Mon February 10, 2014 6:45 am

Foreign ministers from the 28 nations of the European Union are meeting in Brussels Monday to discuss boosting trade with Cuba. The EU lifted diplomatic sanctions on Cuba in 2008. Now Spain is leading an effort to lift commercial restrictions too.

Business
3:17 pm
Sun February 9, 2014

Funeral Home Kiosks Offer Shoppers The Ultimate Deal

Forest Lawn funeral services has a kiosk at the Glendale Galleria mall in Glendale, Calif., to reach potential customers who may not want to visit a funeral home.
Damian Dovarganes AP

Forest Lawn is a big name in the funeral business, and it has funeral homes all across Southern California. Most are stately, sprawling estates. But the Glendale location is a little different.

First off, it's tiny — the size of a typical funeral home bathroom. Second, there aren't any coffins or headstones for sale. There is an attendant, but he can't sell you anything: The urns are only on display. The place feels pretty inconspicuous. It could as easily be marketing homemade pottery as end-of-life planning.

It's also right in the middle of a shopping mall.

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