Business

12:31pm

Thu July 17, 2014
The Two-Way

CEO Of Ignition Switch Maker Says No Responsibility For GM Deaths

Originally published on Thu July 17, 2014 2:52 pm

Executive vice president and general counsel at General Motors Co. Michael Millikin (from left), GM CEO Mary Barra, CEO and president of Delphi Automotive PLC Rodney O'Neal and chairman of the firm at Jenner & Block Anton Valukas testify before a Senate Commerce, Science and Transportation Committee hearing.
Jim Lo Scalzo EPA/Landov

The CEO of the manufacturer of the ignition switches that ended up in recalled General Motors cars said his company bears no responsibility for deaths resulting from the part, which was redesigned according to GM specifications.

"We had a product that we worked with General Motors to develop," Delphi Automotive's Rodney O'Neal told a Senate subcommittee looking into the ignition switch failure that caused at least 13 deaths among drivers and passengers in GM cars.

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12:09pm

Thu July 17, 2014
The Protojournalist

Kooky Kickstarters — Why They Succeed

Originally published on Sun July 27, 2014 12:22 pm

Project Title: Secrets Of A Kick*ss Kickstarter

Category: Journalism

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11:22am

Thu July 17, 2014
Business

Microsoft Announces Biggest Layoffs Yet: Up To 18,000 Workers

In the largest layoff in the company's history, it's stripping 14 percent of its workforce. CEO Satya Nadella says it's part of a plan to make the 39-year-old company more agile and productive.

10:07am

Thu July 17, 2014
The Two-Way

Australia Repeals An Unpopular Tax On Carbon Emissions

Originally published on Thu July 17, 2014 10:47 am

An oil refinery is pictured in the southern Sydney suburb of Kurnell earlier this week. Australia's Senate voted on Thursday to scrap the country's carbon tax and plans for emissions trading — a major victory for conservative Prime Minister Tony Abbott.
Jason Reed Reuters/Landov

Australia became the first country in the world to repeal a carbon tax on the nation's worst greenhouse gas polluters, as Prime Minister Tony Abbott made good on a campaign promise to get rid of the unpopular law.

The Senate voted 39 to 32 to eliminate the tax enacted by the previous center-left government two years ago. The law imposed the equivalent of a $22.60 tax per metric ton of carbon dioxide emissions on about 350 of the nation's worst polluters.

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8:33am

Thu July 17, 2014
The Two-Way

Microsoft Will Cut As Many As 18,000 Jobs

Originally published on Thu July 17, 2014 9:23 am

A large layoff is under way at Microsoft, as the technology company says it will cut 13,000 jobs in the next six months. All but 500 of the layoffs are related to the Nokia phone division the company acquired in April. Microsoft says it might shed as many as 18,000 jobs as it restructures itself.

The company says it will complete most of the layoffs by the end of this year, and complete the restructuring by next June.

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7:31am

Thu July 17, 2014
Business

Russian Officials Promise To Make U.S. Businesses Suffer

Originally published on Thu July 17, 2014 11:09 am

Transcript

STEVE INSKEEP, HOST:

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7:31am

Thu July 17, 2014
Business

Seattle Cab Drivers Go Back To School To Learn Manners

Originally published on Thu July 17, 2014 11:09 am

The cabbies are trying to win back customers lost to ride service companies like Uber and Lyft, whose customers rate their drivers.

5:55am

Thu July 17, 2014
Planet Money

Evaluating The Benefits And Costs Of Patents

Originally published on Thu July 17, 2014 11:09 am

Transcript

RENEE MONTAGNE, HOST:

The electric car company Tesla recently took the unusual step of effectively giving up all its patents. That means any competitor is now free to take the company's ideas and run with them. David Kestenbaum with our Planet Money team looked at why Tesla did it and what the world might be like if we got rid of patents altogether.

DAVID KESTENBAUM, BYLINE: Back in 2007, I road in an early Tesla prototype with the guy who is now the company's CEO, Elon Musk.

(SOUNDBITE OF ARCHIVED BROADCAST)

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5:33am

Thu July 17, 2014
Business

U.S. Firms Beat Corporate Taxes By Moving Their Headquarters Abroad

Originally published on Thu July 17, 2014 11:09 am

Transcript

RENEE MONTAGNE, HOST:

We're joined now by David Wessel with the Brookings Institution. He's also a contributor to the Wall Street Journal. Good morning.

DAVID WESSEL: Good morning, Renee.

MONTAGNE: Now, American corporations have been complaining about the tax code for decades. Why are we seeing more companies looking at moving overseas now?

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6:59pm

Wed July 16, 2014
U.S.

Lotteries Take In Billions, Often Attract The Poor

Originally published on Wed July 16, 2014 10:13 pm

A customer holds his Mega Millions lottery ticket at Tobacco Plus in Muncie, Ind. Researchers say lotteries often draw low-income gamblers who are on welfare.
Darron Cummings AP

Santo Domingo Liquors in Lawrence, Mass., has two cash registers. But sometimes only the lottery register has a line.

Elizabeth Correia, eight months pregnant, is running that register with her mother — her family owns the store.

"We do this seven days a week. Seven days a week. My mom, sometimes she'll do it open to closing," Correia says.

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