Business

5:04am

Thu November 21, 2013
Business

Elvis Presley Enterprises Sold To Authentic Brands

Originally published on Thu November 21, 2013 7:18 am

Transcript

RENEE MONTAGNE, HOST:

And our Last Word In Business is, still the King. It's been over three decades since Elvis Presley left this earthly building. But his legacy lives on, and generates about $32 million a year in revenue.

STEVE INSKEEP, HOST:

And now, Elvis Presley Enterprises has a new owner. Authentic Brands Group, which already manages Marilyn Monroe's brand, will acquire rights to Elvis' photos, music, movie and TV appearances, although the price has not yet been disclosed.

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5:04am

Thu November 21, 2013
Business

Oil Industry And Others Cheer EPA's Ethanol Proposal

Originally published on Thu November 21, 2013 6:55 am

The EPA's decision not to force oil companies to replace E10, gasoline mixed with 10 percent ethanol, with E15, had a big impact on a lot of businesses. For manufacturers of motorcycles, motor boats and outdoor power equipment, it was good news. But for gas station owners who invested in expensive blender pumps, the decision hurt.

5:04am

Thu November 21, 2013
Economy

2014 Greece Budget To Contain No Austerity Measures

Originally published on Thu November 21, 2013 6:55 am

Transcript

RENEE MONTAGNE, HOST:

The Greek parliament is considering a new budget today, and it does not include the wage cuts and tax hikes requested by the European Union and the International Monetary Fund.

Those institutions loaned Greece billions in bailout and are demanding more austerity. But Greeks say they've suffered enough economic pain and warned that more could provoke unrest.

Joanna Kakissis reports from Athens.

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11:50am

Wed November 20, 2013
All Tech Considered

Russian App Wants E-Book Piracy To End, Happily Ever After

Originally published on Wed November 20, 2013 3:55 pm

Moscow-based app Bookmate has a subscription e-book service — similar to others on the U.S. market, but with more of a focus on targeting piracy in emerging literary markets.
Courtesty of Bookmate

In our Weekly Innovation series, we pick an interesting idea, design or product that you may not have heard of yet. Got an innovation you think we should feature? Fill out our form.

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11:35am

Wed November 20, 2013
All Tech Considered

Tech Team Podcast Episode 2: The Sharing Economy

Originally published on Wed November 20, 2013 5:13 pm

NPR correspondents Laura Sydell and Steve Henn introduce this week's tech team podcast from a garage in Silicon Valley.
Cindy Carpien NPR

Keeping with our just-started tradition, all the features that we do during our themed reporting week get a new home in a podcast on SoundCloud. The first episode featured kids and technology, this time around, our four stories on the sharing economy get freshened up and hosted by our Silicon Valley correspondents, Steve Henn and Laura Sydell. Just press play or download for your device.

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5:16am

Wed November 20, 2013
Business

DOJ Signals JPMorgan Deal Could Be Model For Other Cases

Originally published on Wed November 20, 2013 7:34 am

The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.

4:44am

Wed November 20, 2013
Business

One By One, Businesses Reopen In Typhoon-Hit Tacloban

Originally published on Wed November 20, 2013 9:50 am

Since the typhoon hit the Philippines, doing business in the hardest-hit city of Tacloban has been next to impossible But on Wednesday, five gas stations, two hardware stores and several banks reopened.

4:44am

Wed November 20, 2013
Business

N.Y. Warehouse Owner Whitewashes Over Graffiti Haven

Originally published on Wed November 20, 2013 7:34 am

The paint covered up decade's worth of graffiti. The building, known as 5 Pointz, was one of the few legal places in New York for artists to practice graffiti.

4:44am

Wed November 20, 2013
Business

Ohio Wal-Mart Conducts Thanksgiving Food Drive For Its Workers

Originally published on Wed November 20, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

Here in the United States, Wal-Mart is trying to play down accusations that it underpays its staff. An effort by employees at an Ohio Wal-Mart to collect food for fellow workers' Thanksgiving dinners has gone viral - and not in a good way.

M.L. Schultze, from member station WKSU, reports some see the food drive simply as people helping people.

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4:44am

Wed November 20, 2013
Business

Johnson & Johnson Said To Reach Deal On Artificial Hip Suits

Originally published on Wed November 20, 2013 7:34 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a giant hip check.

(SOUNDBITE OF MUSIC)

INSKEEP: You know, sort of like you'd have in basketball or hockey. Johnson & Johnson has agreed to pay out $2.5 billion to settle a lawsuit over faulty artificial hips. The medical products maker will reportedly pay 8,000 American patients $250,000 each for new hip replacement surgery. An additional $475 million will cover other health problems caused by the faulty device which is called the articular service replacement or ASR.

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