NPR's business news starts with BlackBerry weighing its option.
(SOUNDBITE OF THEME MUSIC)
GREENE: The Canadian telecom firm announced yesterday that it maybe looking for new owners. BlackBerry was valued at more than $80 billion back in 2008. Then the iPhone and Android came along and stole its dominance of the smartphone market. Now BlackBerry is worth only about $5.4 billion and its market share is plummeting.
The Detroit River is the mile-wide boundary that separates the United States and Canada. And the city park on the Windsor, Ontario, side of the river offers a better view of the Detroit skyline than anywhere else.
In a quirk of geography, Detroit actually sits north of its Canadian neighbor. Natives like Stephen Santarossa, who's from Windsor, love this bit of trivia and relish the puzzled look on visitors' faces as they try to draw that mental map.
"Do you realize that you are now looking north?" he says.
Originally published on Mon August 12, 2013 7:24 pm
By Eyder Peralta
Will Paula Deen's admission of using a racial slur crumble her empire?
Credit Courtesy of Food Network / AP
A federal judge in Georgia threw out the discrimination claims against Paula Deen on Monday in a lawsuit that sparked widespread criticism, led sponsors to jump ship and the Food Network to drop her show.
A promotional image from Renew shows one of its recycling/advertising kiosks in London. City officials asked the company to stop recording data about the phones of passing pedestrians.
The city of London has ordered a company to cease tracking the cellphones of pedestrians who pass its recycling bins, which also double as kiosks showing video advertisements. The bins logged data about any Wi-Fi-enabled device that passed within range.
The company, called Renew, recently added the tracking technology to about a dozen of the 100 bins it had installed before London hosted the 2012 Summer Olympics.
Warner Robins, Ga., is a booming community that is entirely dependent on civilian Defense Department employment. The local Air Force Base is massive, but because it's mostly a logistics depot, the bulk of the employees are not service members.
And our last word in business today is: Premium Parking.
A parking spot in London is on the market for $465,000. That buys an outdoor location near Buckingham Palace and a 91-year lease.
DAVID GREENE, HOST:
The price tag is more than two spots sold in Boston this summer off and go for $280,000 apiece. But with London's daily parking go fees running at $60, it's actually a deal actually - at only $14 a day.
NPR's business news starts with more postal problems.
The United States Postal Service posted three quarters of a billion dollars in losses last quarter, making it nearly $4 billion so far this year. These losses come despite major trims to the operating budget in 2013. One immediate impact, it looks unlikely that Postal Service will be able to make a multibillion-dollar payment to a retiree benefits fund at the end of September. Transcript provided by NPR, Copyright NPR.