NPR's business news begins with a legal bullseye on Target.
OK. More than a dozen customers have now filed lawsuits against the retail giant. This is after Target's security was breached and information from nearly 40 million credit and debit cards were stolen.
NPR's Sonari Glinton reports that the company is in full defense mode.
SONARI GLINTON, BYLINE: Target has offered credit monitoring to its consumers. It's taken to every social medium to get out its story. That's while the first lawsuits have begun to poor in.
This past year, many of the best known technology firms were actively designing and building new corporate offices. It's the first time Silicon Valley giants like Apple, Google and Facebook have done so from the ground up. The same is true for Amazon, which is building in Seattle.
All of these projects are still in their early stages, but perhaps the most talked about and architecturally ambitious project that broke ground this year is the Apple headquarters building in Cupertino, Calif. It was a project near and dear to the late Steve Jobs.
It was reported that some 40 million people may have been victims of a hacking spree at Target recently. What should people who may have been in that group do now to protect themselves and their accounts? Robert Siegel speaks with Mark Rasch, a security expert and former Department of Justice cyber crime prosecutor, for more advice for those who may have been affected.
Here's a number for you: 725. That's the minimum hourly wage in the United States, as set by the federal government. It hasn't budged in four-and-a-half years. President Obama is pushing to increase it. Some state and local governments are doing that on their own. As 2013 draws to a close, we're hearing about the year in numbers
Today, NPR's Scott Horsley on 725.
SCOTT HORSLEY, BYLINE: 725 is a number that Mary Coleman knows all too well.
MARY COLEMAN: I work at Popeye's here in Milwaukee. I make $7.25 an hour.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
American economic numbers have been stronger lately. Consumer spending rose in November, according to the Commerce Department today. Last week, there were strong growth numbers and unemployment in November sank to a five-year low, seven percent. For many Americans that is not reassuring. We'll hear in this segment about those who are still not working and those making minimum wage.
At the last minute, the Obama administration gave consumers more time to sign up for health insurance starting Jan. 1. People will now have until the end of Christmas Eve, giving them an additional day. The administration hopes a late surge of enrollments will boost numbers, which have lagged far behind expectations. The insurance industry is hoping the same thing. But it is also expressing dismay over recent changes to the law that allow some people to opt out of the individual mandate or purchase plans otherwise prohibited under the law.
In 1907, the U.S. economy was in the grip of a financial crisis. Unemployment was up. The stock market was down.
People started panicking. They were lining up overnight to pull their money out of healthy banks. This can be deadly for an economy: Healthy banks have to shut down, businesses can't get credit, they lay people off, and the economy gets worse.
The California Public Utilities Commission has called on utilities and private companies to install about $5 billion worth of batteries and other forms of energy storage to help the state power grid cope with the erratic power supplied by wind and solar energy.
The need to store energy has become urgent because the state is planning to get a third of its electricity from renewable sources by the end of the decade. And the shift in strategy could open up some big opportunities for small startups, including one called Stem.
Target is trying to get back in its customers' good graces after a massive data breach affecting some 40 million credit and debit account holders. The giant retail chain offered its customers a 10 percent discount over the weekend as an act of atonement, but business was said to be down anyway.
The breach affected customers who used their credit and debit cards at one of Target's 1,750 stores during a three-week period after Thanksgiving.