Business

7:17am

Fri January 10, 2014
The Two-Way

Chemical Leak Causes Water Emergency In West Virginia; Plant Shut Down

Originally published on Fri January 10, 2014 7:13 pm

In Charleston, W.Va., the shelves of this Kroger supermarket had been nearly stripped of bottled water on Thursday. Residents rushed to buy water after a chemical spill led officials to warn that they not use what's coming out of their taps.
Tyler Evert AP

More than 100,000 customers of one water company in West Virginia have been warned not to drink, cook or wash with the water coming from their taps because of chemicals that seeped into the Elk River near Charleston on Thursday.

Read more

5:01am

Fri January 10, 2014
Economy

Labor Department's December Report Shows Jobless Rate Dipped

Originally published on Fri January 10, 2014 12:45 pm

Transcript

DAVID GREENE, HOST:

Supporters of a minimum wage say it can be especially important at a time of relatively high unemployment, when workers have little bargaining power. This morning we'll get a fresh snapshot of unemployment in the U.S. when the government releases new jobs numbers. NPR's Yuki Noguchi came by to talk about what to expect. Yuki, good morning.

YUKI NOGUCHI, BYLINE: Good morning, David.

GREENE: So where does the job market seem to be going right now?

Read more

5:01am

Fri January 10, 2014
Economy

Minimum Wage Loses Ground Since Its Banner Year In 1968

Originally published on Fri January 10, 2014 12:45 pm

Protesters rally outside of a Wendy's in Brooklyn, New York, on Dec. 5 in support of raising fast food wages from $7.25 to $15 per hour.
Andrew Burton Getty Images

This week, we've been looking back at the legacy of the "War on Poverty," launched by Lyndon Johnson 50 years ago. The arsenal included government programs such as Head Start, food stamps and a push to increase the nation's minimum wage.

"We must extend the coverage of our minimum wage laws to more than 2 million workers now lacking this basic protection of purchasing power," Johnson said.

Low-wage workers actually saw their purchasing power peak while Johnson was in office. Adjusting for inflation, minimum wage workers earn less today than they did in the late 1960s.

Read more

5:01am

Fri January 10, 2014
Business

Safety Group Sues Buckyballs Founder In Product Recall Case

Originally published on Fri January 10, 2014 12:45 pm

Transcript

DAVID GREENE, HOST:

A federal government agency has taken and unusual step. They are suing the founder of a toy company over product safety concerns - and recently, he filed a countersuit. The Consumer Product Safety Commission says Buckyballs - if you're not familiar with them - these are clusters of magnetized balls, are a serious danger to children.

Ilya Marritz from member station WNYC has the story.

ILYA MARRITZ, BYLINE: Call them brainteasers, amusements, or gifts for dad, just don't call these little magnetic beads a toy.

Read more

5:01am

Fri January 10, 2014
Business

China Releases 2013 Trade Figures

Originally published on Fri January 10, 2014 12:45 pm

Transcript

DAVID GREENE, HOST:

Today's business news starts with trading places.

(SOUNDBITE OF MUSIC)

GREENE: China might have just dislodged the United States from a position it held for decades as the world's top trading nation. The latest Chinese figures put the value of its overall trade at $4.6 trillion last year.

The United States will release its own 2013 data next month. But for the first 11 months of the year, its trade was worth $3.5 trillion. Transcript provided by NPR, Copyright NPR.

5:01am

Fri January 10, 2014
Technology

Startups Often Focus On Data Security Too Late, If At All

Originally published on Fri January 10, 2014 12:45 pm

Transcript

STEVE INSKEEP, HOST:

This year's Consumer Electronics Show in Las Vegas includes companies that promise to revolutionize medicine as we know it. They're using sensors and systems like Wi-Fi Internet connections and Bluetooth to monitor the human body on a constant, real-time basis. Critics say this high-tech medicine is leaving security concerns behind.

Aarti Shahani reports from member station KQED.

Read more

5:01am

Fri January 10, 2014
Business

Alcoa To Pay $384 Million Penalty For Bahrain Bribes

Originally published on Fri January 10, 2014 12:45 pm

Transcript

STEVE INSKEEP, HOST:

And let's keep talking about international trade here. The American aluminum giant Alcoa and one of its subsidiaries will pay $384 million in fines to the United States government for engaging in corrupt practices overseas.

The payment is part of a settlement in a bribery case involving the royal family of Bahrain.

NPR's John Ydstie reports.

Read more

5:01am

Fri January 10, 2014
Business

Court Rules Yelp Must Release Names Of Reviewers

Originally published on Fri January 10, 2014 12:45 pm

Transcript

STEVE INSKEEP, HOST:

Our last word in business today is: Anonymous Reviews.

You know, those product reviews people write on Amazon or Yelp. Many customers rely on them and some people have even dramatized them online - like the actor who read this review by Shelley S. from the ratings website Yelp.

UNIDENTIFIED MAN: The food was sub-par for such a highly-rated restaurant. Overcooked fish, undercooked noodles, and one dish that wasn't labeled spicy was so hot that my father refused to eat it. I won't be going back to this particular PF Chang's.

Read more

8:19pm

Thu January 9, 2014
The Two-Way

Alcoa Will Pay $384 Million Penalty For Bahrain Bribes

Originally published on Fri January 10, 2014 6:05 am

In what's being called one of the largest U.S. anti-corruption settlements on record, Alcoa and an affiliate it controls have agreed to pay millions in fines and criminal and civil penalties. The companies acknowledge paying bribes to royal family members in Bahrain.

Read more

7:40pm

Thu January 9, 2014
The Salt

Food Firms Trim Trillions Of Calories From Packaged Treats

Originally published on Fri January 10, 2014 8:30 am

To make a more healthful version of Edy's Grand Ice Cream, Nestle developed a technology that could cut half the fat and two-thirds of the calories from the frozen treat.
Erik S. Lesser Getty Images

It sounds impressive: Major food companies have slashed 6.4 trillion calories from packaged foods they sold in 2012 compared with 2007, a study reported Thursday.

But for each American, that number translates to about 78 fewer calories purchased each day, or the equivalent of cutting out one apple or 3 1/2 Hershey's Kisses.

Read more

Pages