Business and Economy

The Two-Way
12:03 pm
Fri January 10, 2014

Target Says 70 Million Individuals' Data May Have Been Stolen

Justin Sullivan Getty Images

Originally published on Fri January 10, 2014 8:52 am

The size of the data breach at Target Co. stores late last year took a sharp rise Friday when the retailer said it now estimates that up to 70 million individuals may have had information that includes their "names, mailing addresses, phone numbers or email addresses" stolen.

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Economy
10:46 am
Fri January 10, 2014

Why Getting A Job Doesn't Mean Getting Out Of Poverty

Originally published on Fri January 10, 2014 12:47 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. This week, we, like many of our colleagues, have been talking about poverty because this week marks 50 years after President Lyndon Johnson declared a war on poverty. Later this hour, we'll speak with a minister who now preaches from the same pulpit where the Reverend Martin Luther King Jr. once stood in Atlanta - Ebenezer Baptist Church. And he's asking whether the black church is still a force for addressing issues like poverty. That's later.

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The Two-Way
8:15 am
Fri January 10, 2014

Economy Adds Only 74,000 Jobs In December; Jobless Rate At 6.7 Percent

Sign of the times? A "help wanted" sign in the window of a Philadelphia business last year.
Matt Rourke AP

Originally published on Fri January 10, 2014 1:08 pm

  • On 'Morning Edition': NPR's Yuki Noguchi and David Greene preview the jobs report
We'll be posting updates after the report's 8:30 a.m. ET release.

There were only 74,000 jobs added to public and private payrolls in December, but the unemployment rate fell to a 5-year low 6.7 percent, the Bureau of Labor Statistics said Friday morning.

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The Two-Way
6:17 am
Fri January 10, 2014

Chemical Leak Causes Water Emergency In West Virginia; Plant Shut Down

In Charleston, W.Va., the shelves of this Kroger supermarket had been nearly stripped of bottled water on Thursday. Residents rushed to buy water after a chemical spill led officials to warn that they not use what's coming out of their taps.
Tyler Evert AP

Originally published on Fri January 10, 2014 6:13 pm

More than 100,000 customers of one water company in West Virginia have been warned not to drink, cook or wash with the water coming from their taps because of chemicals that seeped into the Elk River near Charleston on Thursday.

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Code Switch
5:35 am
Fri January 10, 2014

White House Picks Choctaw Nation To Fight Poverty In Oklahoma

Chief Gregory Pyle (left) and Assistant Chief Gary Batton stand in front of the Choctaw Nation of Oklahoma's Capitol building in Tuskahoma, Okla.
Larissa Copeland Courtesy of Choctaw Nation of Oklahoma

Originally published on Thu January 9, 2014 4:59 pm

Fifty years after President Lyndon Johnson declared his "War on Poverty," President Obama issued his own plan to combat poverty Thursday with the nation's first five "Promise Zones."

All "Promise Zones" will receive a competitive advantage when applying for federal grants, on-site support from federal officials, and, pending congressional approval, tax incentives for businesses hiring and investing in the community.

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Business
4:18 am
Fri January 10, 2014

Safety Group Sues Buckyballs Founder In Product Recall Case

Originally published on Fri January 10, 2014 11:45 am

Transcript

DAVID GREENE, HOST:

A federal government agency has taken and unusual step. They are suing the founder of a toy company over product safety concerns - and recently, he filed a countersuit. The Consumer Product Safety Commission says Buckyballs - if you're not familiar with them - these are clusters of magnetized balls, are a serious danger to children.

Ilya Marritz from member station WNYC has the story.

ILYA MARRITZ, BYLINE: Call them brainteasers, amusements, or gifts for dad, just don't call these little magnetic beads a toy.

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Business
4:16 am
Fri January 10, 2014

Alcoa To Pay $384 Million Penalty For Bahrain Bribes

Originally published on Fri January 10, 2014 11:45 am

Transcript

STEVE INSKEEP, HOST:

And let's keep talking about international trade here. The American aluminum giant Alcoa and one of its subsidiaries will pay $384 million in fines to the United States government for engaging in corrupt practices overseas.

The payment is part of a settlement in a bribery case involving the royal family of Bahrain.

NPR's John Ydstie reports.

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Business
4:01 am
Fri January 10, 2014

China Releases 2013 Trade Figures

Originally published on Fri January 10, 2014 11:45 am

Transcript

DAVID GREENE, HOST:

Today's business news starts with trading places.

(SOUNDBITE OF MUSIC)

GREENE: China might have just dislodged the United States from a position it held for decades as the world's top trading nation. The latest Chinese figures put the value of its overall trade at $4.6 trillion last year.

The United States will release its own 2013 data next month. But for the first 11 months of the year, its trade was worth $3.5 trillion. Transcript provided by NPR, Copyright NPR.

Business
4:01 am
Fri January 10, 2014

Court Rules Yelp Must Release Names Of Reviewers

Originally published on Fri January 10, 2014 11:45 am

Transcript

STEVE INSKEEP, HOST:

Our last word in business today is: Anonymous Reviews.

You know, those product reviews people write on Amazon or Yelp. Many customers rely on them and some people have even dramatized them online - like the actor who read this review by Shelley S. from the ratings website Yelp.

UNIDENTIFIED MAN: The food was sub-par for such a highly-rated restaurant. Overcooked fish, undercooked noodles, and one dish that wasn't labeled spicy was so hot that my father refused to eat it. I won't be going back to this particular PF Chang's.

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Economy
4:01 am
Fri January 10, 2014

Labor Department's December Report Shows Jobless Rate Dipped

Originally published on Fri January 10, 2014 11:45 am

Transcript

DAVID GREENE, HOST:

Supporters of a minimum wage say it can be especially important at a time of relatively high unemployment, when workers have little bargaining power. This morning we'll get a fresh snapshot of unemployment in the U.S. when the government releases new jobs numbers. NPR's Yuki Noguchi came by to talk about what to expect. Yuki, good morning.

YUKI NOGUCHI, BYLINE: Good morning, David.

GREENE: So where does the job market seem to be going right now?

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