Business

1:00pm

Fri March 14, 2014
The Two-Way

Hong Kong Says UBS Tried To Rig Interbank Lending Rate

Originally published on Fri March 14, 2014 2:20 pm

A directory board of Hong Kong Monetary Authority in Hong Kong. The territory's de facto central bank said evidence shows UBS tried to manipulate the interbank lending rate.
Tyrone Siu Reuters/Landov

UBS, which was fined $1.5 billion in 2012 for what regulators said was "routine and widespread" rigging of the London interbank offered rate, or Libor, has been censured for trying to do the same thing with Hong Kong's benchmark rate between 2006 and 2009.

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12:01pm

Fri March 14, 2014
Business

Obama Pushes For Overtime Pay Protection

Originally published on Fri March 14, 2014 12:27 pm

Transcript

MICHEL MARTIN, HOST:

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6:02am

Fri March 14, 2014
Business

Conn. Papers Fight Proposals To Alter Publication Of Legal Notices

Originally published on Fri March 14, 2014 11:27 am

Transcript

RENEE MONTAGNE, HOST:

As the slump in newspaper advertising revenue continues, publishers are trying to hold on to one line of stable cash - the legal notice in print. In Connecticut, municipal leaders are pushing for a change in state law that would cut back on those legal notices.

Jeff Cohen from member station WNPR has this report on the pushback from newspapers.

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5:03am

Fri March 14, 2014
Business

Ignition Switch Recall Straddles Old And New GM

Originally published on Fri March 14, 2014 11:27 am

General Motors is at the center of several investigations involving last month's recall of 1.6 million vehicles with faulty ignition switches. The recall comes at a pivotal time for the company.

5:03am

Fri March 14, 2014
Business

Happy National Pi Day

Originally published on Fri March 14, 2014 11:27 am

Transcript

DAVID GREENE, HOST:

And today's last word in business: Pi in the Sky.

Today, March 14th, 3-14, is Pi Day. In case you didn't know, it's actually a national holiday - certainly an important day for math lovers. In Austin, festivities started early - with skywriting. A company called AirSign tried to write the long famous ratio across 100 miles of sky. It turned out writing Pi in the Sky was a little easier.

RENEE MONTAGNE, HOST:

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5:03am

Fri March 14, 2014
Economy

Senators Agree To Compromise Extending Jobless Benefits

Originally published on Fri March 14, 2014 11:27 am

Negotiators in the Senate reached a bi-partisan deal to extend unemployment benefits for 5 months, retroactive to the end of last year. A full Senate vote isn't expected until later this month.

5:03am

Fri March 14, 2014
Business

BP Allowed To Seek Oil Leases In The Gulf Of Mexico

Originally published on Fri March 14, 2014 11:27 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with BP doing business in the Gulf.

(SOUNDBITE OF MUSIC)

MONTAGNE: The petroleum company is once again allowed to seek oil leases in the Gulf of Mexico. The Environmental Protection Agency yesterday lifted a ban that kept BP from bidding on new federal contracts. The suspension had been in effect since 2012, when regulators determined that BP had not corrected problems that led to the Deepwater Horizon oil spill two years before.

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3:25am

Fri March 14, 2014
Around the Nation

A Boom In Oil Is A Boon For U.S. Shipbuilding Industry

Originally published on Fri March 14, 2014 4:58 pm

A welder at Aker Philadelphia Shipyard.
Jonathan Blakley NPR

Scott Clapham peers down into a cavernous dry dock at the Aker Philadelphia Shipyard. He points to massive pieces of steel, some covered with a light dusting of snow. When assembled, they will form a 115,000-ton oil tanker.

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6:24pm

Thu March 13, 2014
The Two-Way

Facebook's Mark Zuckerberg Takes White House To Task Over Privacy

Originally published on Thu March 13, 2014 6:34 pm

Co-Founder, Chairman and CEO of Facebook Mark Zuckerberg speaks during his keynote conference as part of the first day of the Mobile World Congress 2014 in Barcelona, Spain.
David Ramos Getty Images

Facebook co-founder Mark Zuckerberg published an open letter on Thursday in which he takes the White House to task over "the behavior of the U.S. government."

While he does not say so explicitly, Zuckerberg is clearly referring to the reports of widespread surveillance undertaken by the National Security Agency.

Zuckerberg, 29, who has built the world's most successful social network, writes that the Internet works because companies like Facebook strive to make it secure. He adds:

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4:47pm

Thu March 13, 2014
Parallels

The World Bank Gets An Overhaul — And Not Everyone's Happy

Originally published on Thu March 13, 2014 6:35 pm

Jim Yong Kim joined the World Bank as president in 2012.
Michel Euler AP

The World Bank, the largest international development institution, is undergoing a sweeping reorganization, the first of its kind for the bank in nearly a generation.

The bank, based in Washington, has laid out a new set of goals, but they're accompanied by deep budget cuts and the elimination of a whole layer of senior management jobs.

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