Business

5:20pm

Thu September 5, 2013
U.S.

BP Wants To Halt Deepwater Horizon Claims Process

Originally published on Tue September 10, 2013 5:21 pm

Crude oil that leaked from the Deepwater Horizon oil rig sits on the surface of the Gulf of Mexico in April 2010.
Chris Graythen Getty Images

BP is fighting the settlement it agreed to last summer that let the oil company avoid thousands of potential lawsuits over the 2010 Gulf of Mexico oil spill.

Just after the spill, when oil was still gushing into the Gulf, BP touted the $20 billion it set aside for claims. But now it says the claim process is corrupt and is hoping a court will overturn the settlement that established the claims fund.

Ending the claims would mean stopping a well-oiled machine.

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4:55pm

Thu September 5, 2013
The Two-Way

Reports: NSA Has Keys To Most Internet Encryption

Originally published on Thu September 5, 2013 5:12 pm

The National Security Agency headquarters at Fort Meade, Md.
Saul Loeb Getty Images

The National Security Agency has the keys to most Internet encryption methods and it has gotten them by using supercomputers to break them and by enlisting the help of private IT companies, The New York Times and The Guardian are reporting.

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12:11pm

Thu September 5, 2013
The Two-Way

IRS To Count Automatic Gratuities As Wages, Not Tips

Originally published on Thu September 5, 2013 2:51 pm

A waiter serves patrons at Tony's Restaurant, part of the Casablanca Hotel in New York's Times Square. The custom at some restaurants of automatic gratuities for larger parties might change because of an IRS rule change.
Don Emmert AFP/Getty Images

Gratuity included? A new IRS rule could end, or at least curtail, the practice.

The Internal Revenue Service will soon begin classifying automatic gratuities as service charges that are taxable as regular wages and subject to payroll tax withholding. Currently, they're considered tips, and it's up to the wait staff to report them as income.

The Wall Street Journal says:

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12:04pm

Thu September 5, 2013
Planet Money

The World Capital Of Counterfeit Dollars

A policeman shows printed sheets of counterfeit bills seized by Peruvian police.
AFP AFP/Getty Images

This just in from the AP:

With its meticulous criminal craftsmen, cheap labor and, by some accounts, less effective law enforcement, Peru has in the past two years overtaken Colombia as the No. 1 source of counterfeit U.S. dollars, says the U.S. Secret Service, protector of the world's most widely traded currency. ...

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11:29am

Thu September 5, 2013
The Two-Way

Yah-New! Did Yahoo Hit The Mark With Its Logo Change?

Originally published on Thu September 5, 2013 12:04 pm

Yahoo's new logo.
Yahoo.com

Compare Yahoo's new logo, introduced Thursday, to what was there before.

According to CEO Marissa Mayer, "we knew we wanted a logo that reflected Yahoo — whimsical, yet sophisticated. Modern and fresh, with a nod to our history. Having a human touch, personal. Proud."

On her Tumblr page, Mayer goes on at length about how:

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8:43am

Thu September 5, 2013
The Two-Way

Job Growth Cooled A Bit In August, Report Signals

Originally published on Thu September 5, 2013 9:39 am

There were 176,000 more jobs on private employers' payrolls in August than the month before, according to the latest ADP National Employment Report.

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5:08am

Thu September 5, 2013
Business

U.S. Auto Sales Accelerate To Pre-Recession Levels

Originally published on Thu September 5, 2013 6:58 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with car sales accelerating.

The Wall Street Journal is reporting that buyers picked up new vehicles at a pace not seen since before the recession. According to the paper, Americans bought 1.5 million vehicles last month - about 17 percent up from a year ago. Low interest rates and continued job growth were primary drivers. Automakers have added work shifts and production capacity to keep up with demand. Transcript provided by NPR, Copyright NPR.

5:08am

Thu September 5, 2013
Business

Don't Let Death Interfere With Your Need For Music

Originally published on Thu September 5, 2013 7:47 am

A Swedish firm is selling coffins loaded with speakers and a Spotify music account to stream songs six feet under. The package costs $30,000.

4:54am

Thu September 5, 2013
Business

Data Marketing Critics Check Out What's Written About Them

Originally published on Thu September 5, 2013 9:34 am

Transcript

STEVE INSKEEP, HOST:

Companies that collect and sell information about you are usually pretty secretive about what they have on you. But one of the biggest data brokers is now letting consumers have a peek.

Yesterday, the Acxiom Corp. set up a website where people can look themselves up. It's called AboutTheData.com. As NPR's Martin Kaste reports, some of the first people to try it were the data industry's critics.

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3:23am

Thu September 5, 2013
Around the Nation

Under Dust And Rust, 'New' Classic Cars Go Up For Auction

Originally published on Thu September 5, 2013 8:11 pm

Chevrolets are lined up in a field near the Lambrecht Chevrolet dealership in Pierce, Neb. Later this month, bidders will attend a two-day auction that will feature about 500 old cars and trucks, many with fewer than 10 miles on the odometer.
Nati Harnik AP

Inside the Lambrecht Chevrolet Company in tiny Pierce, Neb., under layers of dirt, sit a dozen classic cars. A 1978 Chevrolet Indy Pace Car, black with racing stripes down the side. There's a '66 Bel Air sedan in a color called tropic turquoise, and a 1964 impala.

"If you wipe away the dirt, it's shiny underneath," says auctioneer Yvette VanDerBrink. Even though this car is almost 50 years old, VanDerBrink says, it's still brand new.

Later this month Lambrecht's will auction more than 500 classic cars, many with fewer than 10 miles on the odometer.

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