Business

5:00pm

Sat February 15, 2014
The New And The Next

Super-Secure, Temporary Texts Draw Interest Of Business Crowd

Originally published on Sun February 16, 2014 1:00 pm

Image Source

The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.

This week, Watson talks with host Arun Rath about a new texting service that promises tight security. While Snapchat has become a popular way to text photos that disappear after a number of seconds, recent hacks have raised questions about its security. A service called Privatext provides an alternative that has gained interest among some professionals.

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11:13am

Sat February 15, 2014
Around the Nation

Tenn. Workers Vote To Reject Union At VW Plant

Originally published on Sat February 15, 2014 1:13 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. Tough night for the United Auto Workers. The union hoped employees at Volkswagen's only U.S. plant might help give them a foothold into foreign-owned auto plants across the South, but VW workers voted no, and Volkswagen had not opposed their efforts. Blake Farmer of member station WPLN in Nashville has been covering the story and joins us now. Blake, thanks for being with us.

BLAKE FARMER, BYLINE: Thanks for having me.

SIMON: Didn't the union think they had the numbers?

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10:56pm

Fri February 14, 2014
The Two-Way

Tenn. VW Workers Reject Move To Join Union

Volkswagen's car plant in Chattanooga, Tenn., is the company's only one in the U.S. Its employees voted this week on whether to join the United Auto Workers union.
Volkswagen

Some 1,500 workers at a Volkswagen plant in Tennessee have voted not to join the United Auto Workers union. The tally of the three-day vote follows days of political prodding from both sides of the issue.

The 712-626 vote was a devastating blow to the UAW, which had tacit support from VW. The union had hoped to make inroads in auto plants in the South, where organizers have been striving for decades to represent factory workers.

VW had even allowed organizers into the plant to make their sales pitches.

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6:32pm

Fri February 14, 2014
Law

With New Rules, Pot Business Gets A Little Less Hazy For Banks

Originally published on Fri February 14, 2014 7:58 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

The Treasury and Justice Departments today sought to clarify for banks how they might navigate the murky legal waters of the marijuana business. Murky because pot is legal in a growing number of states but remains illegal under federal law. NPR's Yuki Noguchi reports on these new terms under which a bank must operate if it wants to offer financial services to this emerging industry.

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4:29pm

Fri February 14, 2014
The Two-Way

Feds Clear Banks To Do Business With Budding Pot Industry

A bag of marijuana being prepared for sale sits next to a money jar at BotanaCare in Northglenn, Colorado, in this file photo taken on December 31, 2013.
Rick Wilking Reuters/Landov

The federal government on Friday issued guidelines for banks seeking to do business with the legal marijuana industry, stopping short of a blanket immunity for them, but strongly indicating that prosecutions for such crimes as money laundering would be unlikely.

NPR's Yuki Noguchi reports that the Department of Justice and Treasury Department on Friday sought to "clarify rules for banks trying to navigate the murky legal waters of the marijuana business. Murky, because pot is legal in a growing number of states, but remains illegal under federal law."

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12:35pm

Fri February 14, 2014
All Tech Considered

Tech Week: Love In Digital Times, Big Cable, Facebook Genders

Comcast announced a $45 billion offer for Time Warner Cable this week.
Joe Raedle Getty Images

Happy Valentine's Day to you and your sweethearts. Since we saw that the holiday was falling on a Friday this year, our tech reporting team spent the week exploring love in the digital age. To go along with the theme week, our weekly innovation pick was Nothing. Emily Siner explains in the post.

What were you talking about this week? Be part of the conversation in our comment section below or tweet at us.

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10:56am

Fri February 14, 2014
The Two-Way

Shiny And New: World's Largest Solar Plant Opens In California

Originally published on Mon February 17, 2014 2:41 pm

NRG celebrates the future of solar energy at the grand opening of the Ivanpah Solar Electric Generating System on Thursday in Nipton, Calif.
Jeff Bottari Invision for NRG

The world's largest solar power plant, made up of thousands of mirrors focusing the sun's energy, has officially started operations in the Mojave Desert, just inside southeastern California near the border with Nevada.

The $2.2 billion, 400-megawatt Ivanpah Solar Electric Generating System, which covers 5 square miles and has three 40-story towers where the light is focused, is a joint project by NRG Energy, Google and BrightSource Energy. The project received a $1.6 billion federal loan guarantee.

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7:52am

Fri February 14, 2014
Business

Jos. A. Bank To Buy Eddie Bauer

Originally published on Fri February 14, 2014 11:10 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a big clothing purchase.

(SOUNDBITE OF MUSIC)

INSKEEP: Big purchase this morning. The giant clothing chain store Joseph A. Bank announced it has agreed to buy casual sportswear maker Eddie Bauer for $825 million in cash and stock. That's a lot of short sleeve shirts. This acquisition comes in the midst of ongoing hostile efforts by Joseph A. Bank and its main competitor Men's Warehouse to buy each other. Transcript provided by NPR, Copyright NPR.

7:03am

Fri February 14, 2014
Business

Businesses Face Challenges This Valentine's Day

Originally published on Fri February 14, 2014 7:26 am

Because of bad weather, the sheriff in Oconee County, Georgia, officially postponed Cupid's holiday. In Detroit, a flower shop owner used a drone to deliver a bouquet. He got a call from the FAA.

7:03am

Fri February 14, 2014
Business

Tesla Stock Hits Record High

Originally published on Fri February 14, 2014 7:18 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with an electric high.

No. No. No. People have not come up with an e-Joint. Shares of Tesla Motors crossed the $200 barrier yesterday before falling back down to around $197. That was a record high for the upstart electric car maker. In the last month, Tesla stock has soared more than 43 percent.

The luxury automaker share price quadrupled in 2013. Transcript provided by NPR, Copyright NPR.

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