Business

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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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.

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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.

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5:59pm

Thu January 9, 2014
Code Switch

White House Picks Choctaw Nation To Fight Poverty In Oklahoma

Chief Gregory Pyle (left) and Assistant Chief Gary Batton stand in front of the Choctaw Nation of Oklahoma's Capitol building in Tuskahoma, Okla.
Larissa Copeland Courtesy of Choctaw Nation of Oklahoma

Fifty years after President Lyndon Johnson declared his "War on Poverty," President Obama issued his own plan to combat poverty Thursday with the nation's first five "Promise Zones."

All "Promise Zones" will receive a competitive advantage when applying for federal grants, on-site support from federal officials, and, pending congressional approval, tax incentives for businesses hiring and investing in the community.

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5:52pm

Thu January 9, 2014
Environment

Natural Gas Boom Cuts Into Pennsylvania's State Forests

Originally published on Thu January 9, 2014 7:36 pm

An oversized truck load slowly moves equipment along an icy mountain road in Pennsylvania's Tiadaghton State Forest.
Marie Cusick WITF

On the side of a mountain road in Pennsylvania's Tiadaghton State Forest, I'm trying to avoid a steady stream of heavy truck traffic. Acres of freshly cut tree stumps stretch out in front of me.

Kevin Heatley lives in the area and has come to these woods for years to hike. He's an ecologist by trade and he's concerned about what he's seeing.

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5:22pm

Thu January 9, 2014
Planet Money

Every Job In America, In 1 Graph

Originally published on Fri January 10, 2014 10:50 am

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Whatever Friday's monthly jobs report says, it won't change the big picture. There are roughly 137 million jobs in this country. About two-thirds of those jobs are in private-sector services; the remaining third are split between goods-producing jobs (mainly manufacturing and construction) and government work (mostly at the state and local level).

Here's a closer look, drawn from the same data that the government collects for the monthly jobs report. (You can see this data, in glorious detail, here.)

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5:14pm

Thu January 9, 2014
Economy

$50 Billion Worth Of Tax Breaks Expire

Originally published on Thu January 9, 2014 7:36 pm

Subsidies for wind farms were among the tax breaks that expired on Jan. 1.
Sandy Huffaker AP

Transcript

ROBERT SIEGEL, HOST:

At the stroke of midnight on New Year's Eve, a bevy of tax breaks expired in Washington D.C., everything from a tax benefit for people who commute to work using mass transit, to a subsidy for NASCAR racetracks. Some of these are probably less crucial for the national economy, but others are vital to the health of certain industries. At least that's what the businesses that benefit say, as NPR's Chris Arnold has been finding out.

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