Some other news. The country's biggest banks are in much better shape than before the financial crisis, at least according to the Federal Reserve's third round of so-called stress tests.
NPR's Dan Bobkoff reports.
DAN BOBKOFF, BYLINE: The tests simulate a nightmare scenario: How would the banks fare if unemployment topped 12 percent, stock prices were cut in half and housing values fell 20 percent? We all know what happened five years ago when a crisis was more than hypothetical.
And today's last word in business is this: Lego becomes Legd'oh!
The Wall Street Journal says the Danish company Lego is interested in licensing "The Simpsons." In the long-running cartoon series, a remarkably similar toy company called Blocko makes an appearance in a couple of episodes.
(SOUNDBITE OF TV SHOW, "THE SIMPSONS")
(SOUNDBITE OF MUSIC)
YEARDLEY SMITH: (as Lisa Simpson) I kind of want to create my own thing. Do you sell any just plain sets?
NPR's business news starts with the shuffle on the top for Pandora.
(SOUNDBITE OF MUSIC)
INSKEEP: Pandora is the popular music streaming service. And the company's CEO announced, yesterday, he's stepping down. Joseph Kennedy's announcement came as a surprise to many people. The company just reported better-than-expected quarterly earnings. But Kennedy says after nine years on the job he needs to get to a recharging station. He speaking metaphorically, of course, but who knows, someday people may actually do that.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep. Good morning on this Friday. Let's talk a little more deeply about the surprisingly strong jobs report that came out today. NPR's Yuki Noguchi is here with the numbers. Hi, Yuki.
YUKI NOGUCHI, BYLINE: Good morning.
INSKEEP: OK. So what does the Labor Department say happened in the labor market in February?
The educational division of the media conglomerate News Corp., called Amplify, unveiled a new digital tablet this week at the SXSW tech conference in Austin, Texas, intended to serve millions of schoolchildren and their teachers across the country.
Amplify promises the tablet will simplify administrative chores for teachers, enable shy children to participate more readily in discussions, and allow students to complete coursework at their own pace while drawing upon carefully selected online research resources.
Boeing's Dreamliner 787s remain grounded. And neither investigators nor Boeing can say exactly what caused a battery fire on a Japan Airlines jet. Nevertheless, Boeing thinks it has a fix, and while the Federal Aviation Administration is poised to allow Boeing to begin proving the redesign will be effective, the planes won't be back in service anytime soon.
It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block. The city of Plainview, Texas has been a center of the cattle industry for decades. But a few weeks ago, after more than 40 years in operation, Plainview's beef processing plant shut its doors. Plant owners blame years of drought and the dwindling supply of cattle. As Mose Buchele reports from member station KUT, the closure could be a preview of things to come for the Texas plains.
Originally published on Fri March 8, 2013 12:18 pm
Credit Calculated Risk
One of the defining graphs of our time (yes, there are defining graphs of our time) comes from the blog Calculated Risk. It tracks the job market in every U.S. recession and recovery since WWII — and it shows just how brutal the the past few years have been.