Business

5:14am

Tue November 12, 2013
Business

China Celebrates Singles Day By Buying Stuff

Originally published on Tue November 12, 2013 8:15 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: singles sales.

Yesterday, as Americans mark Veterans Day, China celebrated Singles Day. The holiday is a Chinese twist on Valentine's Day, a day to focus not on couples but on yourself.

LINDA WERTHEIMER, HOST:

And apparently the concept is good for business. It has led to an unprecedented online shopping spree. Internet sales in China yesterday beat out last year's U.S. Black Friday and Cyber Monday sales combined.

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5:14am

Tue November 12, 2013
Business

Detroit Billionaire Goes On Real Estate Buying Binge

Originally published on Tue November 12, 2013 8:47 am

Despite the bankruptcy, parts of downtown Detroit are going gangbusters, and that's in large part because of one guy. Online mortgage mogul Dan Gilbert has bought up 40 buildings and counting. He's filling those buildings — some of which used to be vacant — with new businesses. But some residents are wary of his expanding reach in the city.

3:04am

Tue November 12, 2013
Reporter's Notebook

Dwindling Middle Class Has Repercussions For Small Towns

Originally published on Wed November 13, 2013 2:23 pm

When reporter Kelly McEvers stepped off the train in Lincoln, Ill., she asked, "What happened to my hometown?"
Kelly McEvers NPR

My parents moved away from Lincoln, Ill., two decades ago, when I was in college. I hardly ever get back there. But my mom still works in Lincoln, and it was to Lincoln I headed to meet her this fall, after returning to the U.S. from the Middle East.

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2:58am

Tue November 12, 2013
Parallels

Will Colombia's Gamble On Medical Tourism Pay Off?

A billboard announces discounts on cosmetic treatments in a street of Cali, Valle del Cauca department, Colombia. In recent years the country has been building facilities specifically designed for medical tourists.
Luis Robayo AFP/Getty Images

International medical tourism is big business worldwide. Countries like India and Thailand lead the way as top destinations for people looking for high quality care at a fraction of the cost back home.

Lately, countries closer to the U.S. are also trying to break into the market — such as Colombia — which until recently was better known for drug trafficking than nose jobs.

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5:45pm

Mon November 11, 2013
All Tech Considered

What Today's Online Sharing Companies Can Learn From Napster

Originally published on Mon November 11, 2013 9:02 pm

Napster founder Shawn Fanning in February 2001, after a ruling that the free Internet-based service must stop allowing copyrighted material to be shared.
Paul Sakuma AP

This week on-air and online, the tech team is exploring the sharing economy. You'll find the stories on this blog and aggregated at this link, and we would love to hear your questions about the topic. Just email, leave a comment or tweet.

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5:45pm

Mon November 11, 2013
Business

Race For Same-Day Delivery Could Be Boon For Cash-Strapped USPS

Originally published on Mon November 11, 2013 5:52 pm

Transcript

AUDIE CORNISH, HOST:

While large-scale government IT contracts have a terrible track record, Amazon is a company that has made its reputation for delivering on time. And it's always looking for more ways to shorten the time between online ordering and delivery. Well, today, Amazon announced it's partnering with U.S. Postal Service to expand Sunday delivery options.

NPR's Jim Zarroli reports that for the financially strapped Postal Service it's an opportunity to take a bigger role in the lucrative online retailing market.

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5:45pm

Mon November 11, 2013
All Tech Considered

Share And Share Alike: A Time Of Collaborative Consumption

Originally published on Mon November 11, 2013 8:17 pm

Renting out your couches — or your entire place — is powered by San Francisco–based Airbnb, which has now connected more than half a million willing hosts and travelers in more than 34,000 cities.
iStockphoto.com

This week on-air and online, the tech team is exploring the sharing economy. You'll find the stories on this blog, aggregated here and we would love to hear your questions about the topic. Just email, leave a comment or tweet.

Read more

5:45pm

Mon November 11, 2013
Business

It's A New Orleans Mantra, But Using 'Who Dat' May Cost You

Originally published on Mon November 11, 2013 6:46 pm

The phrase "Who Dat" is ubiquitous in New Orleans. A Texas-based company says it owns the rights to the phrase, and while homemade signs don't run afoul of its trademark, it says merchandise like T-shirts is another matter.
David J. Phillip AP

During pro football season, New Orleans becomes " 'Who Dat' Nation." Fans open New Orleans Saints games with the signature chant and use it to rattle the eardrums of opponents during play.

Since the Saints' Super Bowl win in 2010, the phrase has popped up everywhere, from T-shirts to business names. Even people who don't watch football call themselves "Who Dats." But a messy legal question keeps rearing its head here: Who owns "Who Dat"?

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4:57pm

Mon November 11, 2013
Shots - Health News

$4.2 Billion Deal Highlights Drug Profits From Rare Diseases

Originally published on Tue November 12, 2013 8:14 am

Flemming Ornskov, CEO of Shire, says the company's offer for ViroPharma is part of a broader push into orphan drugs.
Bloomberg via Getty Images

Two drugmakers you may have never heard of just agreed to a big deal.

Ireland's Shire says it's paying $4.2 billion for ViroPharma, which makes a drug to treat a rare condition called hereditary angioedema. People with the inherited condition are prone to swelling that can be life-threatening. About 1 in 50,000 people have the genetic mutation that causes the problem.

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4:00pm

Mon November 11, 2013
Planet Money

$18 Billion Of Unclaimed Cash, In 1 Graph

Quoctrung Bui

The federal government is sitting on $18 billion in unclaimed money — money that's owed to ordinary people and businesses who never swung by to pick it up. This is a tiny fraction of the federal budget. But it's still, you know, a lot of money.

A few notes on some of the key agencies:

Treasury

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