A factory collapse in Bangladesh last week killed more than 400 people, mostly garment workers. Hundreds more are still missing, making it one of the largest manufacturing disasters in history. It's just the latest horrific accident in the garment industry despite more than a decade of auditing aimed at improving working conditions.
In September 2012, a fire at the Ali Enterprises factory in Pakistan killed nearly 300 workers. Six weeks later, in November, a fire in the Tazreen factory in Bangladesh killed 112 people. Then, last week, there was the Rana Plaza collapse.
NPR's business news starts with a scramble for Apple bonds.
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MONTAGNE: Apple, yesterday, sold $17 billion worth of bonds - which is a new industry record. Apple issued the bonds to take advantage of low interest rates as it prepares to make a payout of $100 billion to shareholders by 2015. Transcript provided by NPR, Copyright NPR.
Proof of Martha Stewart's ongoing commercial appeal has been on display in a New York courtroom. Yesterday, an appeals court decided that department store J.C. Penney can continue selling a new line of housewares designed by Stewart. But the ruling keeps Macy's from having the exclusive rights to the brand.
NPR's Sonari Glinton reports.
SONARI GLINTON, BYLINE: There is one reason why both J.C. Penney and Macy's want Martha Stewart.
MARSHAL COHEN: She's had a history of having success.`
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GREENE: "Downton Abbey," it's our last word in business today. The hit PBS program is expanding into the world of merchandise.
RENEE MONTAGNE, HOST:
CNBC reports the costume drama, set in Edwardian England, will soon launch a line of fashion, furniture, wallpaper and beauty products. The show's popularity has already created a boost in sales for items from the era, like gloves, fur capes and old-fashioned sherry.
With all of the controversy over entitlement reform, there's one thing both sides can agree on: Social Security alone does not provide enough money for a comfortable retirement. For these workers, the Obama administration is proposing automatically enrolling workers in IRAs through their employers.
California adopted a version of this last year. Democratic state Sen. Kevin de Leon sponsored the bill to automatically enroll workers in an individual retirement account. The inspiration, he says, was his Aunt Francisca, who's 74.
Look at photographs from the Bangladesh garment factory collapse, and you can see clothing in the rubble destined for a store called Joe Fresh, one of the many retailers using supercheap fashions made overseas to keep shoppers buying often.
But in the aftermath of the tragedy, would customers pay more if they knew the clothes were made by workers treated fairly and safely?
Yahoo CEO Marissa Mayer, who sparked plenty of discussion about work-life balance when she prohibited telecommuting this past winter, took a step in the opposite direction, Tuesday: Mayer expanded Yahoo's parental leave policy.
OKLAHOMA CITY (AP) - Oklahoma insurance officials are compiling a consumer bill of rights to let home and car owners know what their legal rights are when they are affected by severe weather or some other calamity.
Commissioner of Insurance John Doak said Tuesday the index summarizes consumer rights under state law and Insurance Department rules. Legislation that authorizes it was passed in the state Senate Monday and is pending in the House.
OKLAHOMA CITY (AP) - Oklahoma City lacked proper internal controls over the way it paid a vendor hired to integrate its communications system, but a state audit suggests there was no evidence to support allegations of misappropriated public funds for personal gain.
State Auditor and Inspector Gary Jones released the audit of Oklahoma City's public safety information technology project on Tuesday. City officials requested the audit in October.
The Salinas Valley in Northern California grows about 80 percent of the country's lettuce, and it takes a lot of people to pick and pack it. In a field owned by Duda Farm Fresh Foods, a dozen lechugueros, or lettuce pickers, are bent at the waist, cutting heads of iceberg lettuce. They work frantically to stay in front of a line of 12 more packers, who seal them with tape and toss them onto a conveyor belt.