Business

3:59pm

Tue April 1, 2014
The Two-Way

Senate Democrats Say Caterpillar Avoided $2.4 Billion In Taxes

Originally published on Tue April 1, 2014 4:31 pm

Caterpillar Inc Vice President for Finance Services Julie Lagacy is flanked by former Senior International Tax Manager Rodney Perkins (left) and Chief Tax Officer Robin Beran (right) as they are sworn in to testify on Tuesday.
Jonathan Ernst Reuters/Landov

At a Senate committee hearing on Tuesday, senior officials of Peoria, Ill.-based Caterpillar Inc. defended the company against accusations that it had used an affiliate in Switzerland to avoided paying some $2.4 billion in taxes over a 12-year period.

"Americans pay the taxes they owe and not more. And, as an American company, we pay the taxes we owe, not more," Julie Lagacy, vice president of financial services at Caterpillar, told a Senate panel on Tuesday.

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3:06pm

Tue April 1, 2014
It's All Politics

Conservative Media Watchdog: Univision, Telemundo Favor Liberals

Originally published on Tue April 1, 2014 6:28 pm

President Obama participates in a 2012 town hall hosted by Univision with news anchors Jorge Ramos and Maria Elena Salinas. A conservative media watchdog group says the Spanish-speaking network is biased in favor of Obama and liberals.
Carolyn Kaster AP

The nation's increasingly powerful Spanish-language television networks show a distinct liberal bias in covering domestic news, a conservative media watchdog group asserted Tuesday.

The Media Research Center says that its four-month analysis of weekday evening newscasts aired on Univision and Telemundo showed that the networks' domestic coverage was "dominated by partisans" from the left.

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2:00pm

Tue April 1, 2014
Author Interviews

On A 'Rigged' Wall Street, Milliseconds Make All The Difference

Originally published on Wed April 2, 2014 2:01 pm

"The stock market is rigged," Michael Lewis tells Fresh Air's Terry Gross. "It's rigged for the benefit for really a handful of insiders. It's rigged to ... maximize the take of Wall Street, of banks, the exchanges and the high-frequency traders at the expense of ordinary investors."

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1:39pm

Tue April 1, 2014
The Two-Way

GM CEO Barra Is Grilled Over Handling Of Ignition Switch Defect

Originally published on Tue April 1, 2014 6:15 pm

As members of Congress prepared to hear testimony from GM's CEO Tuesday, Ken and Jayne Rimer, whose daughter, Natasha Weigel, died in the crash of a 2005 Chevy Cobalt, spoke at a news conference held by family members of deceased drivers.
Jim Watson AFP/Getty Images

In a hearing before the House Oversight and Investigations panel, GM CEO Mary Barra and National Highway Traffic Safety Administration Acting Administrator David Friedman testify Tuesday on concerns surrounding GM's recall of a faulty ignition switch that's been linked to more than a dozen deaths.

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8:23am

Tue April 1, 2014
Business

Calvin and Zatera Spencer Have Midas Touch

Transcript

STEVE INSKEEP, HOST:

Our last word in business is an old saying: Sooner or later, everybody's luck evens out.

DAVID GREENE, HOST:

It's impressive that saying has lasted so long - given so much evidence that it isn't true. Consider the story of Calvin and Zatera Spencer, they won the lottery three times in less than a month.

INSKEEP: The Spencers won a million dollars playing the lottery in March. They also won another million dollars.

GREENE: And they picked up an extra 50,000 bucks in a daily drawing.

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7:55am

Tue April 1, 2014
Business

Rearview Cameras To Be Mandatory In New Vehicles By 2018

Originally published on Tue April 1, 2014 8:23 am

The Transportation Department says the cameras will be required in all vehicles under 10,000 pounds.

6:13am

Tue April 1, 2014
Business

Big Thinkers Discuss How To Prevent Next Financial Crisis

Originally published on Tue April 1, 2014 8:23 am

Transcript

STEVE INSKEEP, HOST:

People who think big thoughts about the financial system gathered in Boston yesterday. They were asking how to prevent the next financial crisis.

NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Speaking to a room full of bankers and regulators, former Senator Chris Dodd took people back to a moment in 2008. Lehman Brothers had just collapsed and he was called into a small emergency meeting with other top lawmakers and Fed Chair Ben Bernanke.

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6:08am

Tue April 1, 2014
Business

It's Illegal But People Get Fired For Talking About Their Pay

Originally published on Tue April 1, 2014 8:23 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

The U.S. Senate today will debate why women still earn roughly 80 cents to a man's dollar. Equal pay is a goal of the Paycheck Fairness Act. As NPR's Jennifer Ludden reports, one part of the bill would ban workplace policies that keep everyone's pay secret.

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5:58am

Tue April 1, 2014
Business

Why Burning Wood To Stay Warm Is Back In Vogue

Originally published on Tue April 1, 2014 8:23 am

Transcript

STEVE INSKEEP, HOST:

People in the nation's capital looked up on Sunday to see horizontal snow on the 30th of March. Weekend snow also turned up in Connecticut, Maine and Pennsylvania, and some other places. It was one more reminder of a brutal and long winter, which for some, was also a painfully expensive winter to heat their homes. Record numbers of people have turned to an old-style and cheaper alternative: Wood.

Here's Rhode Island Public Radio's Kristin Gourlay.

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3:19am

Tue April 1, 2014
All Tech Considered

This Tax Season, Fraudsters May Target Your Refund

Originally published on Tue April 1, 2014 9:47 am

Fraudsters can get a lot of data by hacking payroll systems.
iStockphoto

You've already heard about thieves stealing credit card numbers, with the Target stores theft dominating the news headlines. But imagine what a thief could do with your company's payroll records. Those contain valuable information such as your Social Security number, date of birth, your address and how much you earn.

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