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