NPR's business news starts with Sony plugged into profits.
Sony reports that it's making money again. The Japanese company announced its second quarter earnings today. Most of its success though comes thanks to a favorable currency rate - a weak yen was key for Sony. Still, the company did see a little improvement in its smartphone sales and entertainment business. Net income for Sony's latest quarter was $35 million. Transcript provided by NPR, Copyright NPR.
Suffixes like .org, .net and .com are the most common on the Internet today. But the Internet Corporation for Assigned Names and Numbers, which governs Web names, plans to add some 1,400 more, some ending in Arabic or Chinese characters.
Starting this fall, the Internet Corporation for Assigned Names and Numbers, or ICANN, will begin rolling out 20 new suffixes, or top-level domains, every week. This will create new entrepreneurial opportunities, says ICANN CEO Fadi Chehade.
"Diversity to the domain name system is coming," he says.
Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.
Credit Franck Robichon / EPA/Landov
Of all the legacies presidents leave behind, few are as important — yet as poorly understood in the moment — as their picks for chairman of the Federal Reserve.
Paul Volcker, credited with taming double-digit inflation through backbreaking high interest rates that contributed to the recession of the early 1980s, was among President Jimmy Carter's most consequential appointments.
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You could almost hear a collective sigh of relief today from economists. The government reported that the economy is not growing quite as slowly as had been expected and there are some positive signs on the jobs front. A private sector jobs report released today could mean the main government employment report on Friday will also show some strength.
Federal Reserve Board Chairman Ben Bernanke in May of 2013.
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After a meeting of the Federal Open Market Committee, the Federal Reserve said it will continue to buy $85 billion in bonds every month and will leave the federal funds rate at the historic rate of near zero.
Because my morning routine involves the waking, feeding, dressing, brushing and sunblocking of a 6-year-old and a 4-year-old, certain personal morning grooming habits fall by the wayside. Like, all of them. This is why I think of the gym mainly as a place to wash up.
Which is a long way of saying I ran out of shaving cream the other day.