Business and Economy

All Tech Considered
3:04 pm
Fri April 25, 2014

You Love The Cloud, But It May Not Be As Secure As You Think

If you're storing your digital belongings in the cloud, you should know you're giving up some rights.
iStockphoto

Originally published on Fri April 25, 2014 6:15 pm

People are storing more and more stuff online: photos, music, personal documents — even books. The business of cloud storage is growing 30 percent a year, Forrester Research says. But if you're storing your digital belongings in the cloud, you should know you're giving up some rights.

A year ago, I talked to Kyle Goodwin about one of those scary computer moments — he was saving important videos from his business to an external hard drive.

"Right in the middle of a save, I knocked it off my coffee table and it hit the floor and it's destroyed," he said.

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The Two-Way
2:32 pm
Fri April 25, 2014

Company Hopes To Strike It Rich By Mining Pacific Seafloor

Shrimp surround a volcanic vent nearly 4,000 feet beneath the Pacific Ocean, south of Samoa. Some mining companies are interested in the rich sulfide deposits surrounding vents such as these.
NSF/NOAA AP

Originally published on Sat April 26, 2014 8:41 am

A Canadian company has signed a contract to open the first deep-sea mineral mine off the coast of Papua New Guinea, realizing a decades-long ambition to tap the seafloor's vast resources.

Nautilus Minerals is hoping to extract copper, gold and silver at a depth of about 5,000 feet as part of the mining project, known as Solwara 1.

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The Two-Way
1:29 pm
Fri April 25, 2014

Space X To Protest No-Bid National Security Contracts

Elon Musk, chief executive officer and chief designer of SpaceX.
Jewel Samad AFP/Getty Images

Originally published on Fri April 25, 2014 5:17 pm

SpaceX will launch an official protest against the Air Force for its no-bid national security launch contracts to Boeing and Lockheed, SpaceX CEO Elon Musk said in a televised press conference.

He said his company thought the process was "unfair" and that he wanted to shine a light on the process.

"As I've said, sunlight is the best disinfectant. If everything's fine, then I guess that's great," Musk said. "But that seems unlikely to me."

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Business
12:51 pm
Fri April 25, 2014

Gasoline Prices Rise As U.S. Refineries Send More Fuel Overseas

With so much fuel headed elsewhere, the national average price for a gallon of regular gasoline is now $3.69, compared with $3.53 a month ago, according to AAA.
Rich Pedroncelli AP

Originally published on Fri April 25, 2014 1:28 pm

The weather is warming and vacation season approaching.

And, just as predictably, the price of gasoline is rising. It does that every spring as refineries switch to more expensive summer blends.

But this year, the seasonal price bump is getting an extra bounce. Gasoline is costing consumers about 5 percent more than last year at this time, even though oil supplies are abundant. Why?

Experts say U.S. retail prices are nudging higher in large part because Gulf Coast refineries are sending more gasoline to other countries.

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The Two-Way
9:22 am
Fri April 25, 2014

Russia's Credit Rating Cut To Just Above 'Junk'

Originally published on Fri April 25, 2014 11:18 am

Saying that "the tense geopolitical situation between Russia and Ukraine" could accelerate the already heavy flow of money coming out of Russia, Standard & Poor's on Friday cut that nation's credit rating to just above "junk" level.

What's more, S&P says it doesn't expect things to improve anytime soon:

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Around the Nation
4:21 am
Fri April 25, 2014

Why Are Thousands Of Bees Dying In California?

Originally published on Fri April 25, 2014 7:09 am

Transcript

STEVE INSKEEP, HOST:

Bees have been dying off in big numbers for years, creating problems for the agriculture industry, also not so good for the bees. This year, tens of thousands of bees have mysteriously died after pollinating almond farms in California. The Environmental Protection Agency is looking into whether pesticides are to blame.

NPR's Sam Sanders reports.

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Business
4:09 am
Fri April 25, 2014

Tech Giants Settle Class-Action Lawsuit

Originally published on Fri April 25, 2014 7:09 am

Transcript

DAVID GREENE, HOST:

Four tech giants, including Apple and Google, settled a class action lawsuit on Thursday - 64,000 workers claimed the companies conspired to hold down salaries. The plaintiffs will reportedly receive over $300 million, far short of what they were seeking.

NPR's Ina Jaffe reports.

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NPR Story
4:03 am
Fri April 25, 2014

U.S., Japan Make Progress Toward Trade Deal

Originally published on Fri April 25, 2014 7:09 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a possible breakthrough in Japan.

(SOUNDBITE OF MUSIC)

INSKEEP: After two days of trade negotiations, both U.S. and Japanese officials say they have made progress toward an agreement to bring Japan into the Trans-Pacific Partnership - that's that proposed trade deal with a dozen Pacific Rim nations.

NPR Story
4:03 am
Fri April 25, 2014

'Ladies Home Journal' To End Monthly Publication

Originally published on Fri April 25, 2014 7:09 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: A Farewell to Ladies Home Journal.

One of the country's oldest publications will end its run as a monthly magazine in July.

STEVE INSKEEP, HOST:

Ladies Home Journal published its first issue in 1883. It was one of the so-called Seven Sisters Publications recognized as the most essential women's magazines of the 19th and 20th centuries. Other of those big magazines included: McCall's, which folded a dozen years ago, and Redbook.

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The Salt
2:08 am
Fri April 25, 2014

Got My Goat? Vermont Farms Put Fresh Meat On Refugee Tables

Theoneste Rwayitare, a Rwandan refugee who resettled in Vermont last year, pours powdered milk into a bucket for milking at the Vermont Goat Collaborative's Pine Island Farm.
Angela Evancie for NPR

Originally published on Fri May 2, 2014 10:47 am

It's easy to find goat milk and goat cheese in Vermont. Goat meat, not so much.

That's frustrating for the refugees, immigrants and others who've settled in the state who are accustomed to eating fresh goat meat. Though it's not so common in the U.S., it's a mainstay in many African, Asian and Caribbean diets.

But there's a movement afoot to meet the demand for goat meat throughout New England.

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