Business

4:23pm

Thu February 20, 2014
Business

What's Up With Facebook's Big Acquisition?

Originally published on Thu February 20, 2014 8:02 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. Yesterday, Facebook bought a little startup for a lot of money, $19 billion in cash and stock. It's hard to fathom a price tag that big. Half the companies in the S&P 500 aren't worth that much. But a look at who exactly is using the application called WhatsApp may explain the value that Facebook sees in it. Here's more from Aarti Shahani of member station KQED in San Francisco.

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2:18pm

Thu February 20, 2014
The Two-Way

Automated Landing System, Crew Fatigue, Eyed In UPS Plane Crash

A field north of the Birmingham-Shuttlesworth International Airport where UPS flight 1354 crashed on August 16, 2013.
Joe Songer AL.COM/Landov

The crew of a United Parcel Service Airbus A300 freighter that crashed during an early morning landing at Birmingham, Ala. were forced to make a "non-precision approach" when a computerized landing system became overloaded, investigators told the NTSB on Thursday.

The plane crashed short of Birmingham-Shuttlesworth International Airport in Birmingham, Ala., killing both the pilot and co-pilot.

The New York Times says:

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12:37pm

Thu February 20, 2014
The Two-Way

3 Al-Jazeera Journalists In Egypt Plead Not Guilty To Terrorist Links

Originally published on Thu February 20, 2014 2:44 pm

Journalists hold placards as they demonstrate across the street from Egypt's embassy in central London, on Wednesday.
Lefteris Pitarakis AP

Three journalists working for Qatar-based network Al-Jazeera English who are on trial in Egypt for their alleged links to the Muslim Brotherhood have pleaded not guilty on Thursday. The trio were denied bail and their trial was adjourned until March 5.

Australian Peter Greste, Mohamed Fahmy and Baher Mohammed, wearing white prison outfits, appeared in metal cages, according to Reuters, which says several others identified as al-Jazeera journalists are being tried in absentia.

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12:23pm

Thu February 20, 2014
All Tech Considered

Why Facebook Thinks WhatsApp Is Worth $19 Billion

Originally published on Thu February 20, 2014 1:19 pm

Facebook announced it acquired WhatsApp late Wednesday.
Justin Sullivan Getty Images

Facebook's purchase of messaging service WhatsApp — at a price tag of up to $19 billion — is its largest acquisition yet. To put things in perspective, the social giant tried to purchase Snapchat for a fraction of that cost — $3 billion. And it successfully bought Instagram for $1 billion.

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10:52am

Thu February 20, 2014
The Two-Way

Nebraska To Appeal Ruling That Blocks Keystone Pipeline In State

Originally published on Thu February 20, 2014 11:43 am

TransCanada President and CEO Russ Girling comments on the approval of the Keystone XL pipeline route through Nebraska during a January 2013 news conference in Calgary, Alberta.
Todd Korol Reuters/Landov

The company in charge of the Keystone XL extension said Thursday that it is considering its next move now that a Nebraska judge has struck down a law that allowed the pipeline to be routed through that state.

"We are disappointed and disagree with the decision of the Nebraska district court and will now analyze the judgment and decide what next steps may be taken," TransCanada Corp. said in a statement. "Nebraska's attorney general has filed an appeal."

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9:06am

Thu February 20, 2014
The Two-Way

Dip In Weekly Jobless Claims Seen As Sign Of Better Times Ahead

Originally published on Thu February 20, 2014 10:37 am

As the weather warms, will more signs such as this pop up? Economists say the latest data on claims for unemployment benefits may signal that better times are ahead.
Eric Gay AP

There were only 3,000 fewer first-time claims filed for jobless benefits last week, but the slight decline is being seen as another sign that the nation's labor market will gain some strength once spring arrives.

The Employment and Training Administration said Thursday that 336,000 applications were submitted last week, versus 339,000 the week before.

That means the pace of claims is still running about where it's been since late 2011.

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6:10am

Thu February 20, 2014
Business

Facebook To Buy WhatsApp Message Service

Originally published on Thu February 20, 2014 10:56 am

Facebook is buying an instant messaging service called WhatsApp for an eye-popping $19 billion. It's the latest salvo in an arms race by Silicon Valley giants to stockpile mobile technology.

5:35am

Thu February 20, 2014
Business

U.S. Government To Back Loans For Nuclear Power

Originally published on Thu February 20, 2014 7:38 am

Transcript

STEVE INSKEEP, HOST:

The first nuclear reactors to be built in decades are getting a helping hand from the government. Today, Secretary of Energy Ernest Moniz is in Georgia to mark billions in assistance towards the construction of two new nuclear units in the state.

NPR's Geoff Brumfiel reports that building reactors is still an expensive proposition.

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5:34am

Thu February 20, 2014
Business

FCC To Propose New Rules On Internet Neutrality

Originally published on Thu February 20, 2014 7:38 am

Transcript

RENEE MONTAGNE, HOST:

The Federal Communications Commission tried to craft rules aimed at preserving Open Internet. Then last month, a federal appeals court struck down those rules. The FCC announced yesterday that it would not appeal the ruling, instead it will try to come up with a new set of rules.

NPR's Joel Rose reports.

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5:33am

Thu February 20, 2014
Business

Nebraska Court Ruling Further Complicates Keystone XL Pipeline

Originally published on Thu February 20, 2014 7:38 am

Transcript

STEVE INSKEEP, HOST:

NPR business news starts with a clogged pipeline.

(SOUNDBITE OF MUSIC)

INSKEEP: Clogged pipeline project, that is. The judge's ruling in Nebraska makes further delay completion of the Keystone XL pipeline. The decision immediately prompted an appeal.

Fred Knapp of NET News reports.

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