Business

4:31pm

Wed March 19, 2014
Business

How Many Auto Mishaps Mandate A Recall?

Originally published on Wed March 19, 2014 7:59 pm

Daniel Sharkey, an attorney in suburban Detroit who represents auto manufacturers, talks about the process a car company goes through in deciding to issue a vehicle recall.

4:31pm

Wed March 19, 2014
News

Toyota's $1.2B Settlement Puts Criminal Probe To Rest

Originally published on Wed March 19, 2014 7:59 pm

Toyota will pay $1.2 billion to end a federal criminal probe into a vehicle recall. Federal regulators said five people died in accidents related to unintended acceleration prior to the recall.

3:13pm

Wed March 19, 2014
The Salt

Could Our Food Supply Be A Target For Terrorists?

Originally published on Wed March 19, 2014 7:51 pm

Few livestock owners consider their operations targets of terrorism. And that mindset could leave them vulnerable.
iStockphoto

It sounds like the plot of a Hollywood blockbuster: Villains bent on chaos set their sights on a food company — an easy target — with plans to lace its products with a chemical or pathogen. The hero finds out in time to save the day.

Sound far-fetched? Not according to U.S. regulators who have been pondering such scenarios.

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1:53pm

Wed March 19, 2014
The Two-Way

Boeing 787 Dreamliner Is Safe, FAA Team Concludes

Originally published on Wed March 19, 2014 3:53 pm

At Tokyo International Airport last July, Boeing 787 Dreamliners flown by All Nippon Airways taxied across the tarmac.
Kimimasa Mayama EPA/Landov

A year-long review of the Boeing 787, which experienced problems such as fuel leaks and a battery fire, has concluded that the plane is safe.

The Federal Aviation Administration reported Wednesday that a review team believes the aircraft, which Boeing calls the Dreamliner, "was soundly designed, met its intended safety level, and that the manufacturer and the FAA had effective processes in place to identify and correct issues that emerged before and after certification."

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10:54am

Wed March 19, 2014
The Two-Way

Britain Plans New 12-Sided £1 Coin To Combat Counterfeiting

Originally published on Wed March 19, 2014 12:20 pm

The new 12-sided coin billed as the most secure ever. It is scheduled to be introduced in 2017.
Royal Mint

Hoping to foil counterfeiters, Britain's Royal Mint is planning to introduce a new £1 coin that's described as the most secure in the world.

As British Chancellor George Osborne explained to Parliament on Wednesday, "the £1 coin has become increasingly susceptible to forgery" — noting that 1 in 30 of the £1 coins currently in circulation are fakes. The BBC reports that an estimated 45 million forgeries are in circulation.

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10:27am

Wed March 19, 2014
Business

Toyota, Justice Department Reach Settlement On Recall

Originally published on Wed March 19, 2014 10:28 am

The Justice Department announced Wednesday that it has reached a billion-dollar agreement with Toyota, settling a federal probe into the company's handling of a recall for faulty gas pedals.

9:11am

Wed March 19, 2014
The Two-Way

Toyota To Pay $1.2B To End Safety-Related Probe

Originally published on Wed March 19, 2014 12:43 pm

Mark Ralston AFP/Getty Images
Updated at 10:30 a.m. ET.

Saying that "Toyota intentionally concealed information" and misled the public about the danger that some of its vehicles might suddenly accelerate, Attorney Gen. Eric Holder announced Wednesday that the automaker is being fined $1.2 billion for not being forthcoming after car owners started to complain in 2009.

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5:08am

Wed March 19, 2014
Business

Sony Pictures To Lay Off Interactive Group

Originally published on Wed March 19, 2014 10:28 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Hollywood layoffs.

Sony has notified California's Labor Board that come June it will lay off more than 200 employees at its movie and television studios.

NPR's Mandalit del Barco reports this is happening in a film industry that's facing across the board cost cutting.

MANDALIT DEL BARCO, BYLINE: Sony Pictures Entertainment will reportedly lay off its entire interactive marketing team responsible for online movie promos like this.

(SOUNDBITE OF MOVIE PROMO)

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5:08am

Wed March 19, 2014
Sports

Racetrack Soundtrack Goes From A Roar To A Purr

Originally published on Wed March 19, 2014 10:28 am

Transcript

RENEE MONTAGNE, HOST:

Good morning, I'm Renee Montagne.

Fans of Formula One racing love the roar of the engines.

(SOUNDBITE OF ENGINES)

MONTAGNE: But this year's F1 cars are hybrids and that familiar roar has been reduced to a purr.

(SOUNDBITE OF CARS)

MONTAGNE: Australia's Grand Prix organizers are not loving the quiet. They say fans aren't getting what they paid for. One official described the new engines - hmmph, like harpsichords in a chamber orchestra.

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5:08am

Wed March 19, 2014
Education

To Fill Skills Gap In U.S., Schools Look Abroad

Originally published on Wed March 19, 2014 10:28 am

Transcript

DAVID GREENE, HOST:

One big challenge in the U.S. economy is the skills gap. Employers are finding workers just don't have the skills to get the job done. The White House has focused on the problem. At a manufacturing plant this year President Obama said the United States has to improve job training programs and community colleges and trade schools are trying. Susanna Capelouto reports on why Europe might have some tips.

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