Business

5:02pm

Tue December 31, 2013
Business

Boeing Soars Despite A Turbulent 2013

Originally published on Tue December 31, 2013 6:56 pm

A Boeing 737 takes off from Ronald Reagan Washington National Airport in Arlington, Va. Demand remains high for 737s and 777s, helping the company weather problems with its 787 earlier this year.
Saul Loeb AFP/Getty Images

On the very first Monday of 2013, Boeing got some bad news: There was a catastrophic battery fire on a 787 parked at Boston's Logan International Airport. Less than two weeks later, a second battery meltdown on another 787 prompted an emergency landing in Japan.

Government regulators responded quickly. The Federal Aviation Administration ordered the entire fleet of 787s grounded indefinitely.

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4:55pm

Tue December 31, 2013
Economy

2013 Was A Tremendous Year...At Least For The Stock Market

Originally published on Wed January 29, 2014 11:20 am

Transcript

ROBERT SIEGEL, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

2013 was a so-so time for the U.S. economy, but it was a banner year for the stock market. Investors poured money into stocks, driving up prices to record highs. The Dow Jones Industrial Average finished the year up 26 percent. The S&P 500 did even better. NPR's Jim Zarroli looks at how the market defied expectations.

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4:46pm

Tue December 31, 2013
Around the Nation

The Online Education Revolution Drifts Off Course

Originally published on Tue December 31, 2013 7:23 pm

Students at the Oakland Military Institute took several courses offered by San Jose State and the online course provider Udacity this year. The university is now scaling back its relationship with Udacity.
Laura A. Oda MCT/Landov

One year ago, many were pointing to the growth of massive open online courses, or MOOCs, as the most important trend in higher education. Many saw the rapid expansion of MOOCs as a higher education revolution that would help address two long-vexing problems: access for underserved students and cost.

In theory, students saddled by rising debt and unable to tap into the best schools would be able to take free classes from rock star professors at elite schools via Udacity, edX, Coursera and other MOOC platforms.

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6:04am

Tue December 31, 2013
Business

Local Brewery Has Starbucks Frothing Over Stout's Name

Originally published on Tue December 31, 2013 7:44 am

The giant coffee chain sent a cease-and-desist letter to the owner of Exit 6 Pub and Brewery in Missouri. Starbucks told the pub to stop referring to one of its dark, frothy beers as "the frappicino." Starbucks noted it sounds a lot like its trademarked frozen coffee drink.

5:04am

Tue December 31, 2013
Business

Electricity Use Drops In U.S. For 3rd Year In A Row

Originally published on Tue December 31, 2013 7:44 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with backing off the power.

(SOUNDBITE OF MUSIC)

GREENE: Though our lives are more gadget filled than ever, home electricity use fell in the United States for the third year in a row. It's now at its lowest level since 2001.

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5:04am

Tue December 31, 2013
Around the Nation

Connecticut Plagued By Soaring Foreclosure Rate

Originally published on Tue December 31, 2013 7:44 am

Transcript

DAVID GREENE, HOST:

OK. We're seeing more signs of recovery in the housing market. Last month, foreclosure filings dropped to their lowest levels since the housing crisis hit in 2007. And overall home prices are up nationwide. But recovery is not the narrative everywhere. In some states like Connecticut, foreclosures in 2013 have been up significantly over the year before.

Reporter Kaomi Goetz of member station WSHU has the story.

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5:04am

Tue December 31, 2013
Business

Commercial Drone Testing Sites Chosen By FAA

Originally published on Tue December 31, 2013 7:44 am

Transcript

RENEE MONTAGNE, HOST:

And if you start hearing a buzzing noise in your community in the next few months, here's a possible reason why. You live in one of the six states chosen yesterday for testing unmanned drone aircrafts. Among the states selected by the Federal Aviation Administration is New York.

Ryan Delaney of member station WRVO in upstate New York reports that the potential for job creation and investment was behind that state's decision to submit a bid.

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5:58pm

Mon December 30, 2013
The Two-Way

The Other 'F Word': Brewer Responds To Starbucks Over Beer Name

Originally published on Mon December 30, 2013 7:51 pm

After being told that one of his products infringed on a Starbucks trademark, brewpub owner Jeff Britton wrote the coffee company a check.
Exit 6 Brewery

In general, getting a cease-and-desist letter from a big corporation isn't the mark of a good day. But after a brewery owner got a letter from a law firm representing Starbucks, he saw a chance to draw distinctions between the businesses — and to be funny.

The coffee company's bone of contention, Missouri brewer Jeff Britton was told in a Dec. 9 letter, was the use of the name "Frappicino" to describe a stout served at Exit 6 Brewery, a brewpub in a tidy strip mall in Cottleville, northwest of St. Louis.

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5:09pm

Mon December 30, 2013
All Tech Considered

$0 Profits Couldn't Hold Back This Year's Tech Darlings

Originally published on Mon December 30, 2013 6:30 pm

Twitter made its debut on the New York Stock Exchange in November. Both the social media giant and the relative newcomer Snapchat are valued in the billions, but neither company has yet turned a profit.
Emmanuel Dunand AFP/Getty Images

Zero. That's the total amount of revenue created by Snapchat in 2013. It's the total profit collected by Twitter. And it's roughly how much Apple's stock price has increased between early last December and now.

Which makes you wonder: With all these zeros piling up, how are so many people in Silicon Valley making so much money from technology?

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4:38pm

Mon December 30, 2013
Business

Looking Ahead At The Next Top Tech IPOs

Every year, research firm CB Insights offers up a report on the fastest growing and most highly valued private companies in technology — basically, the ones most likely to go public. Audie Cornish speaks with Anand Sanwal, CB Insights' CEO, for a look at the top tech IPO's expected in 2014.

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