Business

11:16am

Thu March 27, 2014
The Two-Way

Obama Lays Out His Plan To Have Telecoms Store Call Data

Originally published on Thu March 27, 2014 11:33 am

Following up on his acknowledgement in January that it's problematic to have the National Security Agency collecting and storing massive amounts of information about individuals' phone calls, President Obama announced Thursday that he has decided "the data should remain at the telephone companies."

NPR's Tamara Keith tells our Newscast Desk that:

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9:49am

Thu March 27, 2014
The Two-Way

Weekly Jobless Claims Drop, GDP Growth Revised Up Slightly

The economic news about both last quarter and last week is on the positive side:

-- The Bureau of Economic Analysis says the economy grew at a 2.6 percent annual rate in fourth-quarter 2013, a bit better than its previous estimate that gross domestic product had expanded at a 2.4 percent pace.

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5:11am

Thu March 27, 2014
Business

When Everyone Wants To Watch 'House Of Cards,' Who Pays?

Originally published on Mon March 31, 2014 12:18 pm

Melinda Sue Gordon Netflix

We are going to trace one simple Internet request. It's one that lots of people have made lately.

Rachel Margolis, a Time Warner cable subscriber in Brooklyn, wants to watch an episode of House of Cards on Netflix.

When Rachel clicks on House of Cards on her TV screen, her request travels out of her apartment on a cable, to a box on the corner, then under the East River to a giant building on the West Side of Manhattan. Think of the Empire State Building, turned on its side.

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5:05am

Thu March 27, 2014
Business

Wu-Tang Clan Unveils Unique Distribution Model

Originally published on Mon March 31, 2014 12:18 pm

Transcript

DAVID GREENE, HOST:

And our last word in business today is: A Single Record.

(SOUNDBITE OF SONG, "C.R.E.A.M.")

WU-TANG CLAN: (Rapping) Cash, Rules, Everything, Around, Me, C.R.E.A.M. Get the money. Dollar, dollar bill y'all.

GREENE: Legendary hip-hop artists, Wu-Tang Clan have come up with a new music distribution model. Instead of trying to sell millions of copies of their latest album, they're planning to release just one and sell it at auction for millions of dollars.

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5:05am

Thu March 27, 2014
Business

Board Rules Athletes At Northwestern University Are Employees

Originally published on Mon March 31, 2014 12:18 pm

Transcript

LINDA WERTHEIMER, HOST:

A major ruling by a federal agency could turn the multibillion dollar business of college sports upside down. The top National Labor Relations Board official in Chicago says college football players on scholarship at Northwestern University can unionize.

NPR's David Schaper reports.

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5:05am

Thu March 27, 2014
Business

Conn. Lawmakers Pass Minimum Wage Hike Bill

Originally published on Mon March 31, 2014 12:18 pm

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with a minimum wage hike.

(SOUNDBITE OF MUSIC)

WERTHEIMER: Lawmakers in Connecticut passed a bill on Wednesday that would eventually raise the state's minimum wage to $10.10 an hour. That's the rate President Obama wants for the federal minimum wage.

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2:56am

Thu March 27, 2014
Paying For College

Senator Warns Of A Student Loan Bubble

Originally published on Mon March 31, 2014 12:18 pm

Sen. Tom Harkin, D-Iowa, presents a Senate report on for-profit colleges in 2012. He wants changes to the federal student loan system.
J. Scott Applewhite AP

Each year, the federal government provides more than $150 billion in grants and loans to help students pay for college. And while a bachelor's degree has become increasingly valuable, young people are taking on record levels of debt to earn that degree.

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2:28am

Thu March 27, 2014
Business

No Sugar High For Wall Street: Candy Crush Maker's IPO Disappoints

Originally published on Mon March 31, 2014 12:18 pm

A banner for the mobile gaming company King Digital Entertainment is seen outside the New York Stock Exchange during King's initial public offering.
Andrew Burton Getty Images

Candy Crush is played by trying to line up at least three of the same color of candies.

In February, an average of 144 million daily active users got sucked in to the challenge.

Candy Crush is one of more than 180 games made by King Digital Entertainment, and it alone brought in three-quarters of the company's revenue in the last quarter of 2013.

Roger Kay, president of research firm Endpoint Technologies Associates, says to a lot of investors, the game seemed like Farmville, the hit game by Zynga that Zynga can't seem to repeat.

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6:56pm

Wed March 26, 2014
All Tech Considered

From The Birth Of The iPhone To An Era Of Lawsuits

Originally published on Wed March 26, 2014 8:24 pm

One of the earliest iPhone prototypes. This system was pieced together to test early versions of the iPhone's software.
Courtesy of Apple

Next week Apple and Samsung are heading back to court. The two technology giants have been locked in an ongoing patent battle for years.

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4:31pm

Wed March 26, 2014
All Tech Considered

Backlash To Facebook Buying Virtual Reality Firm Comes Swiftly

Originally published on Thu March 27, 2014 11:08 am

Attendees wear Oculus Rift HD virtual reality headsets at the Consumer Electronics Show in January.
Robyn Beck AFP/Getty Images

When Facebook purchases a company, you can often hear a collective groan go around the Internet — "There goes the neighborhood."

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