Business and Economy

The Two-Way
10:04 am
Tue May 6, 2014

Bayer Will Buy Merck Consumer Unit For $14.2 Billion

Originally published on Tue May 6, 2014 4:44 pm

German drug company Bayer has agreed to acquire the consumer care business of U.S.-based Merck & Co., in a deal that would bolster Bayer in the over-the-counter drug sector. The $14.2 billion purchase includes brands such as Claritin, Coppertone and Dr. Scholl's.

From Reuters:

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The Two-Way
9:41 am
Tue May 6, 2014

New Report Finds Climate Change Already Having Broad Impact

People survey the damage on Scenic Highway in Pensacola, Fla., after part of it collapsed following heavy rains and flash flooding on April 30.
Marianna Massey Getty Images

Originally published on Tue May 6, 2014 10:22 am

A new U.S. government report released Tuesday finds that climate change is already having a broad impact on both weather and the economy.

NPR's Elizabeth Shogren tells our Newscast unit the third National Climate Assessment is the most comprehensive look at climate change that the government has ever produced. It was put together by more than 300 experts "guided by a 60-member Federal Advisory Committee."

She filed this report for our Newscast unit:

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Business
7:28 am
Tue May 6, 2014

Office Depot To Close 400 Stores

Originally published on Tue May 6, 2014 9:34 am

The company announced on Tuesday that it is shutting more than a third of its domestic locations. The company posted a loss for the first quarter and hopes to turn a profit by next year.

The Two-Way
5:03 am
Tue May 6, 2014

Poll: Prestigious Colleges Won't Make You Happier In Life Or Work

Harvard's Hasty Pudding Theatricals. According to a recent Gallup poll, only 2 percent of college graduates with $20,000 to $40,000 in undergraduate loans said they were "thriving."
TPapi Flickr

Originally published on Tue May 6, 2014 8:38 am

There's plenty of anxiety in the U.S. over getting into a top college. But a new Gallup poll suggests that, later in life, it doesn't matter nearly as much as we think. In fact, when you ask college graduates whether they're "engaged" with their work or "thriving" in all aspects of their lives, their responses don't vary one bit whether they went to a prestigious college or not.

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Business
3:42 am
Tue May 6, 2014

Target CEO Out After Data Breach, Canadian Expansion Misstep

Originally published on Tue May 6, 2014 9:34 am

Transcript

RENEE MONTAGNE, HOST:

Target has been through a lot of turmoil these last few months. Of course, there was that cyberattack on customer credit card data - one of the largest in retail history. But that's not Target's biggest problem or the only reason its chief executive announced he was stepping down yesterday.

From Minnesota Public Radio, Annie Baxter explains.

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NPR Story
3:33 am
Tue May 6, 2014

Coca-Cola To Phase Out BVO

Originally published on Tue May 6, 2014 9:34 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a recipe change from Coke.

(SOUNDBITE OF MUSIC)

INSKEEP: No, no, no. There's not going to be a new Coke. They're not going to try that again. Several of Coca-Cola's fruity drinks, like Fanta and Power Aid contain brominated vegetable oil or BVO. In 2012, a teenager in Mississippi started a petition to remove BVO from sports strings for health reasons, because it contains a chemical used in some flame retardants.

NPR Story
3:33 am
Tue May 6, 2014

Amazon Makes Online Shopping Even Easier

Originally published on Tue May 6, 2014 9:34 am

Transcript

RENEE MONTAGNE, HOST:

Next, we'll report on the latest effort to make impulse purchases easier. Our last word in business today is: Hashtag, Amazon Cart.

STEVE INSKEEP, HOST:

Let's say you see a tweet about reduced sugar Gummy Bears or a banana slicer and you think, if I don't put those in my shopping cart right now I will forget that I want to buy them, and that would be a disaster.

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NPR Story
3:33 am
Tue May 6, 2014

Fiat Chrysler To Outline 5-Year Strategic Plan

Originally published on Tue May 6, 2014 9:34 am

Transcript

STEVE INSKEEP, HOST:

It's a big day for Fiat Chrysler. The Italian-American automaker will outline a strategic plan for the next five years.

The marriage between two once troubled companies, Chrysler and Fiat, has surprised many in the auto industry by thriving - not just surviving. Now, the company is looking to build on its strengths, as Michigan Radio's Tracy Samilton reports.

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Business
3:02 pm
Mon May 5, 2014

Target's Top Executive Steps Down, Brought Low By Data Breach

Originally published on Mon May 5, 2014 10:49 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. Five months after Target disclosed a massive data breach, its CEO has lost his job. Greg Steinhafel is stepping down from his dual posts as president and CEO at Target Corporation. His resignation underscores the company's effort to overhaul its entire business. Here's NPR's Yuki Noguchi.

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Remembrances
3:02 pm
Mon May 5, 2014

Remembering Economist Gary Becker, Who Described 'Marriage Market'

Gary Becker was awarded the Presidential Medal of Freedom at the White House in 2007.
Roger L. Wollenberg UPI/Landov

Originally published on Mon May 5, 2014 6:59 pm

University of Chicago economist Gary Becker died Saturday at the age of 83. He won the Nobel Prize in 1992 for broadening the horizons of economics, using economic analysis to explore social issues like crime, racial discrimination and drug addiction.

Becker was a giant in the field of economics, and his pioneering application of economic theory to social questions extended to the marriage market. In an NPR interview on the day he was awarded the Nobel Prize in economics, Becker explained:

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