Business and Economy

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.

Read more
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.

Read more
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.

Read more
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?

Read more
The Two-Way
7:19 pm
Thu January 9, 2014

Alcoa Will Pay $384 Million Penalty For Bahrain Bribes

Originally published on Fri January 10, 2014 5:05 am

In what's being called one of the largest U.S. anti-corruption settlements on record, Alcoa and an affiliate it controls have agreed to pay millions in fines and criminal and civil penalties. The companies acknowledge paying bribes to royal family members in Bahrain.

Read more
The Salt
7:04 pm
Thu January 9, 2014

Food Firms Trim Trillions Of Calories From Packaged Treats

To make a more healthful version of Edy's Grand Ice Cream, Nestle developed a technology that could cut half the fat and two-thirds of the calories from the frozen treat.
Erik S. Lesser Getty Images

Originally published on Fri January 10, 2014 7:30 am

It sounds impressive: Major food companies have slashed 6.4 trillion calories from packaged foods they sold in 2012 compared with 2007, a study reported Thursday.

But for each American, that number translates to about 78 fewer calories purchased each day, or the equivalent of cutting out one apple or 3 1/2 Hershey's Kisses.

Read more
Environment
4:52 pm
Thu January 9, 2014

Natural Gas Boom Cuts Into Pennsylvania's State Forests

An oversized truck load slowly moves equipment along an icy mountain road in Pennsylvania's Tiadaghton State Forest.
Marie Cusick WITF

Originally published on Thu January 9, 2014 6:36 pm

On the side of a mountain road in Pennsylvania's Tiadaghton State Forest, I'm trying to avoid a steady stream of heavy truck traffic. Acres of freshly cut tree stumps stretch out in front of me.

Kevin Heatley lives in the area and has come to these woods for years to hike. He's an ecologist by trade and he's concerned about what he's seeing.

Read more
Economy
4:35 pm
Thu January 9, 2014

$50 Billion Worth Of Tax Breaks Expire

Subsidies for wind farms were among the tax breaks that expired on Jan. 1.
Sandy Huffaker AP

Originally published on Thu January 9, 2014 6:36 pm

Transcript

ROBERT SIEGEL, HOST:

At the stroke of midnight on New Year's Eve, a bevy of tax breaks expired in Washington D.C., everything from a tax benefit for people who commute to work using mass transit, to a subsidy for NASCAR racetracks. Some of these are probably less crucial for the national economy, but others are vital to the health of certain industries. At least that's what the businesses that benefit say, as NPR's Chris Arnold has been finding out.

Read more
Politics
4:35 pm
Thu January 9, 2014

Jerry Brown Proposes A New Budget For California

Originally published on Thu January 9, 2014 6:36 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Today, California Governor Jerry Brown announced that the state's healthier finances will mean billions of dollars of new spending. The winners in the governor's proposed record budget include schools and welfare. He also wants millions spent on maintaining roads and parks.

Read more

Pages