Business

3:07pm

Fri January 10, 2014
Business

What's Behind The Drop In Unemployment

Originally published on Fri January 10, 2014 3:20 pm

Shoppers make a purchase at an outlet mall in Los Angeles. Employers added 55,000 jobs in the retail sector in December.
Gus Ruelas Reuters/Landov

Whether you had a job or were looking for one, December was a gloomy month.

The Labor Department said Friday that for December, employers added only 74,000 jobs — about a third as many as most economists had been predicting. That was the lowest level of job creation in three years — not exactly the news that 10.4 million job seekers wanted to hear.

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11:46am

Fri January 10, 2014
Economy

Why Getting A Job Doesn't Mean Getting Out Of Poverty

Originally published on Fri January 10, 2014 1:47 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. This week, we, like many of our colleagues, have been talking about poverty because this week marks 50 years after President Lyndon Johnson declared a war on poverty. Later this hour, we'll speak with a minister who now preaches from the same pulpit where the Reverend Martin Luther King Jr. once stood in Atlanta - Ebenezer Baptist Church. And he's asking whether the black church is still a force for addressing issues like poverty. That's later.

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9:35am

Fri January 10, 2014
Parallels

Cuba, Land Of The $250,000 Family Sedan

Originally published on Fri January 10, 2014 1:57 pm

Cubans look at new and used foreign-made cars for sale at a car dealer in Havana on Jan. 3.
Adalberto Roque AFP/Getty Images

For the first time in more than 50 years, the Cuban government began selling new and used vehicles last week to anyone with the money to buy one. And as crowds gathered at state-owned car lots in Havana to check out the inventory, a consensus quickly emerged.

The cars on sale had either been priced by callous, greedy idiots, or the Cuban government had become the most incompetent automobile retailer in the world.

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8:28am

Fri January 10, 2014
The Two-Way

Target Says 70 Million Individuals' Data May Have Been Stolen

Originally published on Fri January 10, 2014 9:52 am

Justin Sullivan Getty Images

The size of the data breach at Target Co. stores late last year took a sharp rise Friday when the retailer said it now estimates that up to 70 million individuals may have had information that includes their "names, mailing addresses, phone numbers or email addresses" stolen.

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8:15am

Fri January 10, 2014
The Two-Way

Economy Adds Only 74,000 Jobs In December; Jobless Rate At 6.7 Percent

Originally published on Fri January 10, 2014 2:08 pm

Sign of the times? A "help wanted" sign in the window of a Philadelphia business last year.
Matt Rourke AP
  • On 'Morning Edition': NPR's Yuki Noguchi and David Greene preview the jobs report
We'll be posting updates after the report's 8:30 a.m. ET release.

There were only 74,000 jobs added to public and private payrolls in December, but the unemployment rate fell to a 5-year low 6.7 percent, the Bureau of Labor Statistics said Friday morning.

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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.

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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.

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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.

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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.

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