Business and Economy

All Tech Considered
2:53 pm
Fri January 17, 2014

Week That Was: Smart Fridge Hack, Net Neutrality And The NSA

An LG representative shows off a smart refrigerator at the 2014 International Consumer Electronics Show in Las Vegas on Jan. 10.
Robyn Beck AFP/Getty Images

Nothing ends the tech week with a bang like the president's much-anticipated words on the NSA. But let's start with the weekly roundup of tech news from here at NPR and our friends at publications around the country.

ICYMI

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All Tech Considered
12:38 pm
Fri January 17, 2014

Analysts: Credit Card Hacking Goes Much Further Than Target

Hackers use credit card scanning machines as part of their sophisticated campaign to steal credit card information and sell it.
Joe Raedle Getty Images

Originally published on Fri January 17, 2014 3:23 pm

The holiday season data breach at Target that hit more than 70 million consumers was part of a wide and highly skilled international hacking campaign that's "almost certainly" based in Russia. That's according to a report prepared for federal and private investigators by Dallas-based cybersecurity firm iSight Partners.

And the fraudsters are so skilled that sources say at least a handful of other retailers have been compromised.

"The intrusion operators displayed innovation and a high degree of skill," the iSight report says.

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The Two-Way
11:38 am
Fri January 17, 2014

Wells Fargo, Fifth Third, U.S. Bank To End Payday Loan Program

Originally published on Sat January 18, 2014 7:09 am

Wells Fargo & Co., Fifth Third Bank and U.S. Bank said Friday that they will stop offering "deposit advances," a kind of payday loan that had come under fire by federal regulators last year.

With about $1.5 trillion in assets, Wells Fargo was the largest bank offering the costly, low-dollar loans. Regions Bank announced an end to deposit advances earlier this week.

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TED Radio Hour
8:36 am
Fri January 17, 2014

How Do We Cultivate Women Leaders?

James Duncan Davidson TED

Originally published on Fri January 17, 2014 12:39 pm

Part 2 of the TED Radio Hour episode Disruptive Leadership.

About Sheryl Sandberg's TEDTalk

Facebook COO Sheryl Sandberg gets to the bottom line for women who want to lead.

About Sheryl Sandberg

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The Two-Way
7:00 am
Fri January 17, 2014

Obama Expected To Say NSA Should Not Hold 'Metadata'

Nicolas Armer DPA/LANDOV

Originally published on Fri January 17, 2014 8:51 am

President Obama is expected to announce Friday morning that he is "ordering a transition that will significantly change the handling of what is known as the telephone 'metadata' " that the National Security Agency collects, officials are telling Reuters and NPR.

The wire service, which broke the story, writes that:

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Business
5:40 am
Fri January 17, 2014

Colombia Aims To Improve Its Embattled Mining Industry

Originally published on Fri January 17, 2014 12:39 pm

Transcript

STEVE INSKEEP, HOST:

Colombia is a country famous for its exports. It's well known that those exports traditionally include flowers and, also, unfortunately, cocaine. You may not realize Columbia is also the world's fourth largest coal exporter thanks in part to the Drummond Coal Company. The Alabama-based mining firm produces about 25 million tons of coal annually in the South American country.

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Business
3:51 am
Fri January 17, 2014

NBA's Sacramento Kings To Accept Bitcoins

Originally published on Fri January 17, 2014 12:39 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a slam dunk for Bitcoins.

(SOUNDBITE OF MUSIC)

INSKEEP: Pro basketball's Sacramento Kings will now accept Bitcoins, the electronic currency, as payment for just about everything, from court-side seats, to a DeMarcus Cousins jersey. The Kings are the first major professional sports team to accept the virtual currency.

Business
3:51 am
Fri January 17, 2014

DirecTV: Customers Balked At Weather Channel's Reality Shows

Originally published on Mon January 27, 2014 3:36 pm

Transcript

STEVE INSKEEP, HOST:

This next story began as pretty much your standard contract dispute. The Weather Channel wanted more money for its programming, and DirectTV wanted to pay less.

So, at 12:01 Tuesday morning, the satellite service dropped the Weather Channel and replaced it with a smaller producer of weather programming, which raises the question: How much do TV viewers really want or need weather information when they can get it from other sources?

NPR's Mandalit del Barco reports.

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Business
3:51 am
Fri January 17, 2014

'Omaha' Businesses Back Peyton Manning's Foundation

Originally published on Fri January 17, 2014 12:39 pm

Transcript

RENEE MONTAGNE, HOST:

And our last word in business is...

PEYTON MANNING: Omaha.

MONTAGNE: Yes, Omaha. It's more than just the biggest city in Nebraska. It's also a signal that Denver Bronco's quarterback Peyton Manning barked out repeatedly last Sunday during a playoff game against the San Diego Chargers.

MANNING: Omaha.

UNIDENTIFIED MAN: Denver.

MANNING: Omaha. Omaha.

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Europe
3:51 am
Fri January 17, 2014

Catalonia Pushes For Independence From Spain

Originally published on Fri January 17, 2014 12:39 pm

Transcript

RENEE MONTAGNE, HOST:

Many in the region of Catalonia in Spain are pushing to secede from the country, partly for cultural and partly for economic reasons. Naturally, the government of Spain opposes that. But yesterday, the regional parliament pressed the bid for independence a step further.

STEVE INSKEEP, HOST:

Lauren Frayer reports.

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