Business

4:53pm

Fri June 21, 2013
Monkey See

The Kendama: Can A Wooden Toy Be A Viral Sensation?

Originally published on Fri June 21, 2013 7:11 pm

The traditional Kendama is making a splash with kids.
Norasit Kaewsai iStockphoto.com

1:24pm

Fri June 21, 2013
The Two-Way

Pirate Bay Co-Founder Gets Two Years For Hacking And Fraud

Originally published on Fri June 21, 2013 2:22 pm

A co-founder of the file-sharing website Pirate Bay has been sentenced in Sweden to two years in prison for hacking into a bank computer.

Gottfrid Svartholm Warg, 28, was arrested in Cambodia last year after Swedish authorities issued an international warrant. He was convicted and sentenced Thursday for hacking Sweden's Nordea bank and U.K.-based services firm Logica.

"The data intrusion has been very extensive and technically advanced," the court said in its ruling.

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1:03pm

Fri June 21, 2013
The Two-Way

Online Sales Cost Cities And Counties Billions In Taxes, Mayors Say

Originally published on Fri June 21, 2013 5:53 pm

A chart shows estimated tax revenue losses due to online sales in 11 U.S. cities. Figures for 2013 are projections.
IHS Global Insight

Online retail sales are cutting into tax revenue in counties and cities, according to a report issued by the U.S. Conference of Mayors on Friday. They estimate the lost revenue for America's largest cities and counties came to about $2.8 billion for 2011 and 2012, combined.

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7:33am

Fri June 21, 2013
The Two-Way

Book News: Apple, DOJ Tussle As Ebook Price Fixing Trial Ends

Originally published on Fri June 21, 2013 10:32 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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5:22am

Fri June 21, 2013
Politics

House Votes Down 5-Year Farm Bill

Members of the House on Thursday rejected the measure, studded with Republican priorities. In the past, the farm bill has been a model of bipartisan support. But defections in both parties spelled the bill's doom.

5:19am

Fri June 21, 2013
Planet Money

How Brush Factories Survive In America

Originally published on Tue June 25, 2013 3:46 pm

Fourth-generation owner of Braun Brush, Lance Cheney, stands next to a special-order brush his company made for the artist Richard Artschwager.
Marianne McCune NPR

Brushes are pretty simple: a bunch of flexible fibers sticking out of something stiff. Not surprisingly, Chinese manufacturers have grabbed a big share of the U.S. brush market. But several hundred small U.S. brush factories are still hanging on. Here are three strategies they're using to survive.

1. Compete On Quality

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4:40am

Fri June 21, 2013
Asia

China's Credit Crunch Felt Across Financial Markets

Transcript

RENEE MONTAGNE, HOST:

Alarm bells went off in China's financial system yesterday. That's because interest rates for loans that banks make to each other - like the loans we've just been hearing about - shot up, drying up credit as China's banks searched for cash. The effects reached markets here, where the Dow dropped more than 2 percent yesterday.

All of this seems to be caused by the Chinese government trying to send its banks a message. To explain what happened and why, we turn to NPR's correspondent in Shanghai, Frank Langfitt. Good morning.

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4:34am

Fri June 21, 2013
Business

The Last Word In Business

Originally published on Fri June 21, 2013 8:46 am

Gandolfini, who died this week while vacationing in Italy, became famous for his role in The Sopranos. Tony Soprano, the mob boss, described his job as "waste management consultant." Call it what you want, but on the job, Tony Soprano had plenty of business insights.

4:34am

Fri June 21, 2013
Business

Instagram Expands With Video Feature

Originally published on Fri June 21, 2013 6:18 am

This move pits Facebook against Twitter, which owns the six-second video-sharing service, Vine. Adding video brings significant change to the Instagram experience.

4:34am

Fri June 21, 2013
Business

Business News

Originally published on Fri June 21, 2013 7:01 am

Libor is the London interbank offered rate. It's important because it establishes the rate that banks pay to borrow from one another.

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