Business

10:16am

Tue August 27, 2013
The Two-Way

Latest Economic Signs Point To Slow, Steady Growth

A home construction site in Oceanside, Calif., earlier this month. Home prices continue to rise across the nation, though the pace appears to have slowed.
Mike Blake Reuters/Landov

Two key economic indicators — home prices and consumer confidence — both seem to signal that slow, steady economic growth lies ahead.

Tuesday's reports:

-- Confidence. The Conference Board's widely watched consumer confidence index increased only slightly in August, to 81.5 from 81 in July, the business research group says.

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5:10am

Tue August 27, 2013
Economy

Why Aren't Wages Outstripping Inflation?

Things appear to be looing good on the economic front: The stock market is up over the past year, profits have been rising and the U.S. economy has been growing for four years. Yet, wages for many American workers have been stagnant. To find out why, Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.

5:02am

Tue August 27, 2013
Around the Nation

Residents Of Hot Weather States Sweat Air Conditioning Bills

Transcript

DAVID GREENE, HOST:

Air conditioning is increasingly becoming a necessity, not a luxury, as the number of Americans living in the Sunbelt grows. In Arizona, many people are struggling to keep up with their utility bills. The federal government does have an energy assistance program, but funding is shrinking, and it favors cold weather states that need heating help.

From member station KJZZ in Phoenix, Jude Joffe-Block reports.

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5:02am

Tue August 27, 2013
Business

Amgen To Buy Onyx In $10.4 Billion Deal

Originally published on Tue August 27, 2013 5:13 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a major biotech deal.

Amgen, the world's largest biotech company, is buying Onyx Pharmaceuticals for nearly $10.5 billion.

As NPR's Wendy Kaufman reports, Amgen has high hopes for Onyx's cancer drugs.

WENDY KAUFMAN, BYLINE: Amgen has cancer-related medicines, but for the most part they relieve side effects of chemotherapy, they don't act on the cancer itself.

And analyst Mark Schoenebaum of the stock research firm ISI Group says Amgen wanted a piece of that action.

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5:02am

Tue August 27, 2013
Business

Cats Plus Online Videos Equal Precious

Originally published on Wed August 28, 2013 2:23 pm

Transcript

RENEE MONTAGNE, HOST:

And our Last Word In Business today is click catnip. Ten thousand people turned out at the Walker Art Center in Minneapolis last summer for the first Internet Cat Video Festival.

DAVID GREENE, HOST:

It was such a success, they have brought it back. Scott Stulen runs it and thinks cats and online videos, they just work together.

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3:03am

Tue August 27, 2013
The Salt

Turning Off The Spigot In Western Kansas Farmland

Originally published on Tue August 27, 2013 2:49 pm

An irrigation pivot waters a corn field in Nebraska. Many farmers in Nebraska and Kansas rely on irrigation to water their corn fields. But the underground aquifer they draw from will run dry.
Nati Harnik AP

Across the High Plains, many farmers depend on underground stores of water, and they worry about wells going dry. A new scientific study of western Kansas lays out a predicted timeline for those fears to become reality. But it also shows an alternative path for farming in Kansas: The moment of reckoning can be delayed, and the impact softened, if farmers start conserving water now.

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3:02am

Tue August 27, 2013
Planet Money

A College Kid, A Single Mom, And The Problem With The Poverty Line

Originally published on Tue August 27, 2013 5:02 am

Marion Matthew is a home health aide supporting herself and her 17-year-old son.
Pam Fessler NPR

The College Kid

Rico Saccoccio is a junior at Fordham University in the Bronx. He's from a middle-class family in Connecticut and he spent the summer living at home with his parents, who cover about $15,000 a year in his college costs.

According to the U.S. government, Saccoccio is living in poverty. The $8,000 he earns doing odd jobs puts him well below the $11,945 poverty threshold for an individual. In fact, the U.S. Census Bureau recently reported that more than half of all college students who are living off campus and not at home are poor.

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5:15pm

Mon August 26, 2013
Remembrances

Muriel Siebert Was One Of the First Women Of Wall Street

Originally published on Tue August 27, 2013 5:30 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. Muriel Siebert, the first woman to own a seat on the New York Stock Exchange, died over the weekend in Manhattan. She was 84. As NPR's Jim Zarroli reports, Siebert was a pioneer who broke down numerous doors in the male-dominated world of Wall Street.

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5:10pm

Mon August 26, 2013
The Two-Way

Which U.S. Agencies Have Taken The Most Furlough Days?

Originally published on Tue August 27, 2013 9:36 am

In May, the Housing and Urban Development agency closed for a day, as employees were placed on furlough. The HUD and other agencies were reportedly forced to take a fraction of the furlough days that had been threatened earlier in 2013.
Mark Wilson Getty Images

The threat of furloughs loomed large early in 2013, when mandatory budget cuts seemed certain to force federal workers to skip anywhere from 10 to 22 days of work without pay this year. A new tally by Federal News Radio shows that many agencies have taken fewer than half the days they had predicted.

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4:26pm

Mon August 26, 2013
All Tech Considered

Inside The 'Bossless' Office, Where The Team Takes Charge

Originally published on Tue October 8, 2013 2:44 pm

The headquarters of Menlo Innovations, a software design firm in Ann Arbor, Mich. At Menlo, there are no cubicles, few walls and no offices.
Elise Hu NPR

Cubicle culture can be so confining that it's become a cliche. A line from the cult film classic Office Space sums it up: "I have eight different bosses right now," grouses bleary-eyed tech company employee Peter Gibbons. "So that means when I make a mistake, I have eight different people coming by to tell me about it. That's my only real motivation. It's not to be hassled."

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