Business

11:56am

Tue February 4, 2014
Money Coach

MyRA and IRA: Understanding Options For Your Retirement Savings

Originally published on Tue February 4, 2014 2:21 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for matters of personal finance. It's been a week since President Obama's State of the Union address. And you might remember him talking about the country's retirement crisis and his plan for something called up MyRAs to help people jumpstart their savings, especially if they don't work for a company with a retirement account.

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9:34am

Tue February 4, 2014
The Two-Way

Microsoft Picks Insider Nadella As CEO; Gates Takes New Role

Originally published on Tue February 4, 2014 9:45 am

Satya Nadella, Microsoft's next CEO.
Stephen Brashear AP

Microsoft confirmed Tuesday that Satya Nadella, who has risen through the tech company's ranks since he joined it in 1992, is its new CEO.

Nadella has most recently been executive vice president of Microsoft's "cloud and enterprise" group.

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9:31am

Tue February 4, 2014
All Tech Considered

8 Things Worth Knowing About Microsoft's New CEO, Satya Nadella

Originally published on Wed February 5, 2014 2:30 pm

Satya Nadella, the Indian-born, Wisconsin-educated Microsoft veteran, is now its big boss.
LeWeb13 Flickr

While it's never been considered a "cool" company, Microsoft is still a force — worth $300 billion, and Windows operating systems still run on a big chunk of the world's computers. While the profile of founder and former CEO Bill Gates still looms large, outgoing leader Steve Ballmer took the reins in 2000. And Tuesday, the board chose an internal candidate — 46-year-old Indian-American engineer Satya Nadella — to head the company.

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4:59am

Tue February 4, 2014
Business

'Harsh Winter' Hurts Auto Sales

Originally published on Thu February 6, 2014 8:12 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with an icy slide for automakers.

(SOUNDBITE OF MUSIC)

MONTAGNE: January sales were down for some of the largest car companies. General Motors, Ford and Toyota reported yesterday a sharp decline in last month's sales compared to the previous year.

Automakers cite a harsh winter with record snowfalls and rock-bottom temperatures, saying it kept many from visiting their dealership. Transcript provided by NPR, Copyright NPR.

4:59am

Tue February 4, 2014
Business

Google Told To Move Mysterious Barge

Originally published on Thu February 6, 2014 8:12 am

Transcript

STEVE INSKEEP, HOST:

And our last word in business is a Google eviction.

It's an update on a story we reported on recently. A mysterious barge docked at an island in the San Francisco Bay. The barge is owned by Google.

RENEE MONTAGNE, HOST:

Construction on the barge over the past several months has drawn the curious to speculate, was it a party barge?

INSKEEP: Or a luxury showroom barge.

MONTAGNE: Maybe a data center barge.

INSKEEP: Or even a wave-generated electrical generator barge.

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4:59am

Tue February 4, 2014
Business

VW Chattanooga Plant To Vote On UAW Membership

Originally published on Thu February 6, 2014 8:12 am

Transcript

STEVE INSKEEP, HOST:

Next week, workers at a Chattanooga auto plant run by Volkswagen will vote on whether to join the United Auto Workers. This is the first attempt in 13 years to unionize a plant that is not run by one of the big three Detroit automakers.

As Michigan Radio's Tracy Samilton reports, Volkswagen has given the drive its blessing, so outside groups are stepping in to fight the union.

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3:43am

Tue February 4, 2014
All Tech Considered

Facebook At 10: Amid Doubters, Company Eyes Next Growth Phase

Originally published on Thu February 6, 2014 8:12 am

Facebook co-founder and CEO Mark Zuckerberg told James Bennet, editor in chief of The Atlantic, in September that he wasn't worried about whether Facebook is "cool." "We're almost 10 years old, and we're definitely not a niche thing at this point," Zuckerberg said.
Win McNamee Getty Images

Ten years ago, when Mark Zuckerberg launched Facebook at Harvard, Noah Buyon was only nine years old.

Facebook started out as a site exclusively for college students, so it took Buyon a few years to find out about it. But when his older brothers got accounts, he wanted one too.

"It became kind of the cool thing to have," Buyon says. "I couldn't hold out any more — and I got it, and I've been saddled with it ever since."

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3:03am

Tue February 4, 2014
Parallels

Istanbul's Mega-Projects: Bigger Is Better, Or A 'Crazy Canal'?

Originally published on Thu February 6, 2014 8:12 am

The pillars for the Yavuz Sultan Selim Bridge, commonly known as the "Third Bridge" rise from the Anatolian and European sides of the Bosphorus, above the fishing harbor of Poyrazkoy. When completed, the bridge will be over two kilometers in length, making it the longest combination railway/highway bridge in the world.
Jodi Hilton for NPR

Istanbul has long been a city of historical layers and sharp contrasts: ancient monuments share the skyline none too comfortably with modern skyscrapers, and charming cobbled streets run alongside massive highway traffic snarls.

Those contrasts have multiplied under Prime Minister Recep Tayyip Erdogan, and his love of giant building projects hasn't abated after more than a decade in power.

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6:14pm

Mon February 3, 2014
The Salt

All Hail The Asparagus Queen! How Ag Pageants Lure New Contestants

Originally published on Mon February 3, 2014 7:33 pm

The 2011 Asparagus Queen, Megan Roskan, and runner-up Christine Merten wave to spectators during an Independence Day parade in Whitehall, Mich. With interests waning in agricultural pageants, organizers are relaxing the requirements to encourage more people to apply.
Courtesy of Phil Squattrito

Forget Miss USA and Miss Universe.

Think you've got what it takes to be the Asparagus Queen?

Mainstream beauty pageants still get tons of applicants every year (even after the dip in participation during the 2008 recession). The same can't be said for the rural festival pageant circuits, The Wall Street Journal's Lindsay Gellman tells Audie Cornish on All Things Considered.

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5:42pm

Mon February 3, 2014
The Two-Way

Stocks Head Lower; Investors Wonder What's Next

Originally published on Mon February 3, 2014 6:44 pm

Traders work on the floor of the New York Stock Exchange at the end of the trading day on Monday in New York City.
Spencer Platt Getty Images

If your New Year's resolution was, "I am going to prepare for retirement by moving my savings into stocks," then you must be very sad now.

Broncos-fan-level sad.

On Monday, the Dow Jones industrial average plunged an additional 326 points, down about 2 percent to 15,373. That was the seventh triple-digit drop so far this year. Back on Dec. 31, the Dow was at 16,577.

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