Business

5:07am

Fri July 4, 2014
Business

Facebook Apologizes For Manipulation; Data Research Likely To Go On

Originally published on Fri July 4, 2014 7:52 am

Transcript

DAVID GREENE, HOST:

And where has evolution brought us now? The era of Facebook. News broke this week that Facebook manipulated nearly 700,000 of its users for a study about how emotions work in an online or digital setting. The move angered plenty of people, but the academic world was far less shocked by what the social media site did. Here's NPR's Aarti Shahani.

AARTI SHAHANI, BYLINE: Edward Miguel is an economist at the University of California Berkeley who manipulates human subjects all the time.

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5:05am

Fri July 4, 2014
Business

BMW Announces Plan To Build First Mexican Factory

Originally published on Fri July 4, 2014 7:52 am

Transcript

DAVID GREENE, HOST:

NPR's Business News begins with BMW looking south. The German automaker has announced plans to spend a billion dollars on a new factory in Mexico. BMW says the plant, it's first in Mexico, will employ about 1,500 people and produce up to 150,000 cars a year. BMW's only other North American factory is in Spartanburg, South Carolina. This spring, BMW said it will invest a billion dollars in that plant as well to increase its production capacity to 450,000 cars by the end of 2016. Transcript provided by NPR, Copyright NPR.

5:05am

Fri July 4, 2014
Business

2010 World Cup Helped South Africa Attract Latin American Tourists

Originally published on Fri July 4, 2014 7:52 am

Transcript

DAVID GREENE, HOST:

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5:05am

Fri July 4, 2014
Business

It's Going To Cost More To Have A Burger This July 4

Originally published on Fri July 4, 2014 7:52 am

"For most people, this is going to be the most expensive hamburger they've eaten in their life," says economic analyst Joe Deaux of the street.com. Prices are soaring because of the on-going drought.

5:45pm

Thu July 3, 2014
All Tech Considered

In A Battle For Web Traffic, Bad Bots Are Going After Grandma

Originally published on Mon July 7, 2014 11:05 am

By hijacking a user's computer, "bad" bots make it look as if she visits a website often, thus making the site more valuable to advertisers.
iStockphoto

As the Web turns 25, it's becoming a terrific place if you're a bot.

It began as a tool for human communication, but now, over 60 percent of the traffic on the Web is automated applications called bots talking to other bots, according to one study. And experts say about half of those bots are bad.

But first let's talk about the good bots.

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5:41pm

Thu July 3, 2014
The Two-Way

SunTrust Settles In Probe Into Mishandled Home Loan Modifications

Originally published on Thu July 3, 2014 6:54 pm

Atlanta-based SunTrust Mortgage Inc. has agreed to pay up to $320 million to resolve criminal allegations that it mishandled applications from homeowners seeking loan modifications under a federal program.

The deal with the Justice Department follows a similar settlement last month with SunTrust Mortgage over its mishandling of federally backed home loans.

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4:27pm

Thu July 3, 2014
The Two-Way

Jobs Numbers Buoy Dow Above 17,000 For The First Time

Originally published on Thu July 3, 2014 4:52 pm

The Dow Jones closed above 17,000 for the first time in its history on Thursday. The index was buoyed by better-than-expected news from the jobs market.

As we reported, the Labor Department announced that U.S. employers added 288,000 jobs last month and that the unemployment rate dipped to 6.1 percent.

It was the fifth consecutive month that employers had added more than 200,000 jobs.

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4:09pm

Thu July 3, 2014
Business

Export-Import Controversy Gives Rise To A Tale Of Two Washingtons

Originally published on Thu July 3, 2014 6:26 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. A debate has been raging in Washington, D.C. over the future of an obscure federal agency - the Export-Import Bank. And all the way across the country in the other Washington - Washington state - businesses, labor unions and politicians say the bank's demise would have severe consequences. Ashley Gross of member station KPLU in Seattle reports.

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4:03pm

Thu July 3, 2014
Economy

Hiring Looks Good Now, But Wage Growth Lags

Originally published on Thu July 3, 2014 5:12 pm

A Gap employee works at a store in San Francisco. The company plans to raise its minimum wage in phases to $10 an hour by next year.
Justin Sullivan Getty Images

The unemployment report released Thursday by the Labor Department offered great news for job seekers: Hiring boomed in June.

That good news helped send stock prices to record levels, with the Dow Jones industrial average crossing the 17,000 mark for the first time to close at 17,068.26, up 92.02.

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1:50pm

Thu July 3, 2014
U.S.

Federal Highway Program Could Run Out Of Money Next Month

Originally published on Thu July 3, 2014 3:35 pm

The White House has warned that without more money for the federal Highway Trust Fund, which helps states pay for road and infrastructure projects, construction delays will put thousands out of work.
Seth Perlman AP

Congress has yet another problem it can't solve.

For years, the main federal transportation program has been spending more money than it takes in. This year, the Congressional Budget Office estimates the Transportation Department will disburse $45 billion while collecting only $33 billion for its Highway Trust Fund.

As a result, Transportation Secretary Anthony Foxx warned states on Tuesday that they will start seeing cuts of 28 percent in federal funding for roads and bridges next month unless Congress comes up with some extra money.

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