Business

12:23pm

Fri January 3, 2014
The Two-Way

Ford Tops Resurgent U.S. Car Industry, 2013 Sales Results Show

Originally published on Fri January 3, 2014 1:58 pm

Ford says it sold the most F-series trucks since 2006. Here, a 2014 F-150 goes through quality control on the assembly line at Ford's Dearborn Truck Plant.
Bill Pugliano Getty Images

Ford and GM are calling 2013 the best year for U.S. auto sales in at least five years. On Friday, they reported double-digit annual gains, while Chrysler reported an increase of 9 percent for its strongest year since 2007.

The new sales figures reflect a continuing turnaround from the struggles that led to a federal bailout in recent years. Here are highlights from each company's report:

Ford

  • Retail sales were up 14 percent in 2013, as Ford sold 2,493,918 vehicles.
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11:03am

Fri January 3, 2014
Economy

Could Salary Bump Mean Economic Slump?

Minimum wage workers in 13 states will see a bump in their paychecks this year. Host Michel Martin talks about the possible ripple effects of raising minimum wages. She's joined by Bloomberg Businessweek contributor Roben Farzad and NPR Senior Business Editor Marilyn Geewax.

7:06am

Fri January 3, 2014
Business

Beanie Baby Creator Faces Jail Time For Evading Taxes

Originally published on Fri January 3, 2014 7:51 am

H. Ty Warner has asked a judge for probation. He's scheduled to be sentenced later this month for evading taxes on a secret Swiss bank account.

6:55am

Fri January 3, 2014
Business

Cybersecurity Merger Ups FireEye's Stock Price

Originally published on Fri January 3, 2014 7:51 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with securing cyberspace.

(SOUNDBITE OF MUSIC)

GREENE: All right, we're talking about a $1 billion deal here. The cybersecurity company FireEye has bought Mandiant. Mandiant gained some fame last year. They exposed a secretive branch of the Chinese military that was hacking into the computer networks of over 100 multinational companies.

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4:39am

Fri January 3, 2014
Business

Machinists To Vote On Boeing's Latest Contract Offer

Originally published on Fri January 3, 2014 7:51 am

Transcript

RENEE MONTAGNE, HOST:

And a vote takes place today that could have a major impact on the economy in and around Seattle. The giant airplane maker Boeing is threatening to move thousands of jobs away from the Seattle region unless 30,000 unionized Boeing workers vote to accept cuts to retirement and health benefits.

Ashley Gross of member station KPLU has the story.

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4:39am

Fri January 3, 2014
Business

Visitors To Colorado Will Find Few Legal Places To Smoke Pot

Originally published on Fri January 3, 2014 7:51 am

Transcript

DAVID GREENE, HOST:

Recreational marijuana has been on sale in Colorado for a couple days now. And pot shops there have been surprised by the long lines of customers. Many people have been coming in from out of state hoping to be among the first to buy recreational pot legally.

But as Colorado Public Radio's Ben Markus reports, tourists are finding there are few legal places to smoke it.

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8:43pm

Thu January 2, 2014
The Two-Way

Consortium Threatens To Pull Plug On Panama Canal Expansion

Originally published on Fri January 3, 2014 10:09 am

Men sit by the side of the Panama Canal as a ship sails past in Gamboa near Panama City, last month. The expansion project is aimed at accommodating the world's largest container ships.
Arnulfo Franco AP

Cost overruns are threatening to shut down a multibillion-dollar expansion of the Panama Canal aimed at allowing the world's largest ships to pass through the short cut between the Caribbean and the Pacific Ocean.

A European consortium funding the project says it won't continue the work until Panama coughs up the extra cash — which amounts to $1.6 billion over and above an original $3.2 billion bid to build a third set of locks.

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6:18pm

Thu January 2, 2014
Economy

For The Unemployed, Ideas To Help Bridge The Gap To Work

Originally published on Thu January 2, 2014 8:01 pm

Job seekers line up to talk to recruiters during a job fair held in Atlanta in May.
John Amis AP

When members of Congress return to work next week, at the top of the "to-do" list is whether to renew emergency unemployment benefits. An extension of the benefits expired at the end of 2013, which means 1.3 million out-of-work Americans are no longer getting unemployment checks.

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4:23pm

Thu January 2, 2014
Economy

The Widening Wealth Gap: Bringing Income Inequality Into Focus

Originally published on Thu January 2, 2014 6:18 pm

The widening gap between the rich and poor in the U.S. has become a central touch point for economists, pundits and politicians across the U.S. New York City's newly sworn-in mayor, Bill deBlasio, was elected after campaigning against a city divided between the haves and have-nots. President Obama has called tackling inequality the defining challenge of our time, saying that growing inequality and a lack of upward mobility jeopardizes the American dream. But what, exactly, is income inequality?

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3:49pm

Thu January 2, 2014
The Salt

Cork Versus Screw Cap: Don't Judge A Wine By How It's Sealed

Originally published on Thu January 2, 2014 6:18 pm

Winemakers are increasingly turning to screw caps. Now consumers are learning to get over their prejudice for cork, too.
Maggie Starbard NPR

Step aside, cork.

If you're a wine drinker, you've probably noticed that screw caps are no longer considered the closure just for cheap vino. Increasingly, bottles of very good wines are unscrewed, rather than uncorked.

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