Business

2:59pm

Thu February 6, 2014
Shots - Health News

Most Smokers Don't Buy Their Cigarettes At CVS

Originally published on Thu February 6, 2014 5:31 pm

M. Spencer Green AP

When CVS said it will stop selling cigarettes and tobacco products at its 7,600 pharmacies by October, President Obama hailed the company for setting a "powerful example."

The announcement Wednesday made us wonder — how many people actually buy their cigarettes from drugstores, anyway?

For answers, we turned to a 2012 survey of the retail tobacco market in the U.S. conducted by research firm Euromonitor International.

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2:55pm

Thu February 6, 2014
All Tech Considered

Author: When It Comes To High-Speed Internet, U.S. 'Falling Way Behind'

Originally published on Fri February 7, 2014 12:41 pm

Susan Crawford says that in cities like Seoul and Stockholm, high-speed, high-capacity networks are taken for granted. "It really is astonishing what's going on in America," she says. "We're falling way behind in the pack of developed nations when it comes to high-speed Internet access, capacity and prices."
iStockphoto

For an increasing number of Americans, access to high-speed Internet has become an essential part of our lives. We do work, email friends, find restaurants, watch videos and movies, and check the weather. And the Internet is increasingly used for important services, like video medical consults and online education, and is relied upon by businesses for critical operations.

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12:51pm

Thu February 6, 2014
The Salt

Subway Phasing Out Bread Additive After Blogger Flags Health Concerns

Originally published on Thu February 6, 2014 4:19 pm

Sandwich chain Subway has announced plans to drop the additive azodicarbonamide from its fresh-baked breads. Above, Subway founder Fred DeLuca poses carrying bread for sandwiches.
Jonathan Nackstrand AFP/Getty Images

Food industry, beware of the power of the online petition.

Just a few days after food blogger Vani Hari, known as Food Babe, created a buzz with an online petition raising questions about the safety of a food additive commonly used in commercial baking, sandwich giant Subway has announced plans to phase it out of its fresh-baked breads.

The additive, azodicarbonamide, is used by the commercial baking industry to bleach flour and condition dough.

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12:41pm

Thu February 6, 2014
The Two-Way

Sony Will Shed 5,000 Jobs And Its PC Business

Originally published on Thu February 6, 2014 1:47 pm

Sony Corp. President and CEO Kazuo Hirai during a press conference at Sony headquarters in Tokyo on Thursday.
Shizuo Kambayashi AP

The struggling electronics and entertainment company Sony announced it had suffered an annual loss of $1 billion and that it was selling its PC business and shedding 5,000 more jobs globally.

The Associated Press adds:

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11:35am

Thu February 6, 2014
The Two-Way

Luxury Carmaker Aston Martin Cites Fake Chinese Plastics In Recall

Originally published on Thu February 6, 2014 7:43 pm

An Aston Martin Rapide S, one of the models affected by the recall, is displayed outside the Aston Martin production facility in Gaydon, England, in February 2013.
Darren Staples Reuters/Landov

Aston Martin, James Bond's conveyance of choice, has expanded its recall of vehicles built since 2007 because of problems with fake plastics from China.

In a letter last month to the National Highway Transportation Safety Administration, Aston Martin said it had received reports that throttle pedal arms broke during installation, and it discovered that "initial tests on the failed pedal arm have shown that the Tier Three Supplier used counterfeit material."

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9:59am

Thu February 6, 2014
The Salt

Oh, So That's What Goes Into A McDonald's Chicken McNugget

Originally published on Sun February 9, 2014 5:40 pm

McDonald's new video answers that age-old question: What are McNuggets actually made of?
McDonald's Canada/YouTube

A fried, battered coating can hide a multitude of sins. (Everything tastes yummy when deep-fried, amiright?) So it's not surprising, really, that allegations of "mystery meat" have dogged McDonald's famous chicken McNuggets on and off for years.

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9:12am

Thu February 6, 2014
The Two-Way

GM Posts Disappointing Fourth-Quarter Earnings

Originally published on Thu February 6, 2014 12:51 pm

The new 2015 GMC Canyon midsize truck was on display last month the 2014 North American International Auto Show in Detroit.
Bill Pugliano Getty Images

General Motors posted a weaker-than-expected fourth-quarter profit on Thursday amid disappointing sales, especially outside the U.S.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the same quarter a year ago. Analysts polled by Thomson Reuters had expected 88 cents a share.

According to Reuters:

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8:57am

Thu February 6, 2014
The Two-Way

Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?

Originally published on Thu February 6, 2014 10:48 am

The scene at a Hiring Our Heroes job fair for veterans last month in Washington, D.C.
Mark Wilson Getty Images

There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.

That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:

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8:13am

Thu February 6, 2014
Business

Satya Nadella Replaces Microsoft's Retiring CEO

Originally published on Thu February 6, 2014 10:59 am

The company announced Tuesday that Nadella will replace Steve Ballmer, who announced last summer that he'd retire. Nadella, Microsoft's third CEO, has been with the company for 22 years.

7:59am

Thu February 6, 2014
Business

Twitter Shares Drop After Earnings Report

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a drop for Twitter.

(SOUNDBITE OF MUSIC)

MONTAGNE: The social media company announced its first earnings report since becoming a publicly traded company, and the news is not good. Twitter's stock price 17 percent in the last quarter. This change is due largely to a sharp decline in new users. Only one million U.S. users were added in the final months of 2013. Transcript provided by NPR, Copyright NPR.

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