Business

6:43pm

Thu March 6, 2014
The Two-Way

Grocery Chains Safeway And Albertson's Announce Merger Deal

Private equity firm Cerberus Capital Management has offered to buy Safeway, Inc., the nation's second-largest grocery chain, for a reported $9.4 billion. Cerberus plans to merge Safeway with another grocer, Albertson's.

"Safeway has been focused on better meeting shoppers' diverse needs through local, relevant assortment, an improved price/value proposition and a great shopping experience that has driven improved sales trends," Safeway CEO Robert Edwards said in a statement. "We are excited about continuing this momentum as a combined organization."

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6:00pm

Thu March 6, 2014
Planet Money

Does Raising The Minimum Wage Kill Jobs?

Originally published on Thu March 6, 2014 7:50 pm

Kenzo Tribouillard AFP/Getty Images

President Obama has called for increasing the minimum wage, saying it will help some of the poorest Americans. Opponents argue that a higher minimum wage will lead employers to cut jobs.

Figuring out the effect of raising the minimum wage is tough. Ideally you'd like to compare one universe where the minimum was raised against an alternate universe where it remained fixed.

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4:21pm

Thu March 6, 2014
All Tech Considered

'Newsweek' Says It Found Bitcoin's Founder: 4 Things To Know

Originally published on Thu March 6, 2014 10:31 pm

Newsweek's cover story reveals a man named Satoshi Nakamoto, who matches many characteristics of the elusive founder of Bitcoin but never explicitly admits to it.
Via Newsweek

Update at 8:15 p.m. ET:

In an interview with the Associated Press, the man Newsweek claims is the founder of Bitcoin denies he has any connections to the digital currency.

Dorian S. Nakamoto told the AP that he had never heard of Bitcoin until his son told him a reporter had contacted him three weeks ago:

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4:01pm

Thu March 6, 2014
Business

In Pennsylvania, Gas Company Complaints Grab Statewide Attention

Originally published on Fri March 7, 2014 11:42 am

Transcript

AUDIE CORNISH, HOST:

Pennsylvania landowners say one of the nation's biggest natural gas companies has cheated them out of gas royalties. The company is Oklahoma-based Chesapeake Energy. It's faced similar accusations and lawsuits in about half-a-dozen other states.

As Marie Cusic, of member station WITF reports, Pennsylvania's governor wants to take a harder look at the allegations.

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4:01pm

Thu March 6, 2014
Planet Money

Beyond Job Titles: What Do You Really Do?

Originally published on Fri March 7, 2014 1:57 pm

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hairbycamas via Instagram

The big monthly jobs report that came out Friday has tons of numbers describing the American labor force. The numbers are helpful as far as they go, but they skip over a whole dimension of work: What it's really like.

So, over the past few weeks, we asked people over Twitter and Instagram to send us pictures of themselves at work, and to tell us: What's your job title? And what do you really do? What follows are some of the answers.

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12:03pm

Thu March 6, 2014
All Tech Considered

SXSW Tech Preview: Snooping, Wearables And More 3-D Printing

Hugh Forrest, pictured here in 2009, is the director of South by Southwest Interactive.
Scott Beale Flickr

South by Southwest Interactive is the technology-driven part of the annual Austin-based festival for digital, film and music and it starts on Friday. An expected 30,000 people will take part in the interactive and film week that precedes music, and they love it for the spontaneity and the chaos. They also hate it because of the chaos — parties on every corner, marketing handouts at every turn and a sprawling program of panels, screenings and speakers that span at least a dozen city blocks in the heart of Texas.

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11:18am

Thu March 6, 2014
The Two-Way

U.S. Anchor For Russian TV Quits, Says Network 'Whitewashes' Crimea

Originally published on Thu March 6, 2014 6:11 pm

A screenshot of RT anchor Liz Wahl during her final broadcast with the network.
RT/Daily Beast

An American host for the Kremlin-backed Russia Today television has quit on air, announcing from the channel's Washington, D.C., anchor desk that she doesn't want to be "part of a network ... that whitewashes the actions of [Russian President Vladimir] Putin."

Liz Wahl announced her resignation on Wednesday, saying Moscow's intervention in Ukraine's Crimean Peninsula is wrong and that she feels "very lucky to have grown up in the United States."

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6:47am

Thu March 6, 2014
Business

2 San Francisco Bars Ban Google Glass

Originally published on Thu March 6, 2014 8:39 am

Transcript

DAVID GREENE, HOST:

And our last word in business is: bars ban glasses.

Patrons at two San Francisco watering holes will have to heed a new rule before they go bellying up to the bar, no Google Glass allowed. Their ban on Google's wearable computer is meant to preserve the privacy of other customers who may worry about sneaky recordings.

LINDA WERTHEIMER, HOST:

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6:45am

Thu March 6, 2014
Business

Target's Technology Executive Resigns After Data Breach

Originally published on Thu March 6, 2014 8:39 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a Target executive out.

(SOUNDBITE OF MUSIC)

GREENE: The highest ranking technology executive is at Target stepped down yesterday. Beth Jacob was the retailer's chief information officer and executive vice president of technology. Her resignation follows that massive data breach that affected about 70 million customers late last year. And it comes just one week after Target reported a deep slump in profits since that hack.

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5:12am

Thu March 6, 2014
Around the Nation

Law Aims To Keep Chicago From Becoming Petcoke Dumping Ground

Originally published on Thu March 6, 2014 8:39 am

Transcript

LINDA WERTHEIMER, HOST:

Refineries looking for a place to store an ashy petroleum byproduct called pet coke can cross Chicago off their list. A new, tough city ordinance bans new storage facilities and prevents existing ones from expanding.

NPR's Cheryl Corley reports.

CHERYL CORLEY, BYLINE: Before pet coke is shipped overseas where it's burned as fuel, huge piles of it are often stored in open air facilities. Residents in Detroit complained so much about swirling pet coke dust, it ordered a company to move the piles out.

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