Business

5:03am

Fri March 14, 2014
Business

BP Allowed To Seek Oil Leases In The Gulf Of Mexico

Originally published on Fri March 14, 2014 11:27 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with BP doing business in the Gulf.

(SOUNDBITE OF MUSIC)

MONTAGNE: The petroleum company is once again allowed to seek oil leases in the Gulf of Mexico. The Environmental Protection Agency yesterday lifted a ban that kept BP from bidding on new federal contracts. The suspension had been in effect since 2012, when regulators determined that BP had not corrected problems that led to the Deepwater Horizon oil spill two years before.

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3:25am

Fri March 14, 2014
Around the Nation

A Boom In Oil Is A Boon For U.S. Shipbuilding Industry

Originally published on Fri March 14, 2014 4:58 pm

A welder at Aker Philadelphia Shipyard.
Jonathan Blakley NPR

Scott Clapham peers down into a cavernous dry dock at the Aker Philadelphia Shipyard. He points to massive pieces of steel, some covered with a light dusting of snow. When assembled, they will form a 115,000-ton oil tanker.

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6:24pm

Thu March 13, 2014
The Two-Way

Facebook's Mark Zuckerberg Takes White House To Task Over Privacy

Originally published on Thu March 13, 2014 6:34 pm

Co-Founder, Chairman and CEO of Facebook Mark Zuckerberg speaks during his keynote conference as part of the first day of the Mobile World Congress 2014 in Barcelona, Spain.
David Ramos Getty Images

Facebook co-founder Mark Zuckerberg published an open letter on Thursday in which he takes the White House to task over "the behavior of the U.S. government."

While he does not say so explicitly, Zuckerberg is clearly referring to the reports of widespread surveillance undertaken by the National Security Agency.

Zuckerberg, 29, who has built the world's most successful social network, writes that the Internet works because companies like Facebook strive to make it secure. He adds:

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4:47pm

Thu March 13, 2014
Parallels

The World Bank Gets An Overhaul — And Not Everyone's Happy

Originally published on Thu March 13, 2014 6:35 pm

Jim Yong Kim joined the World Bank as president in 2012.
Michel Euler AP

The World Bank, the largest international development institution, is undergoing a sweeping reorganization, the first of its kind for the bank in nearly a generation.

The bank, based in Washington, has laid out a new set of goals, but they're accompanied by deep budget cuts and the elimination of a whole layer of senior management jobs.

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4:47pm

Thu March 13, 2014
Business

Report: Target Missed Its Chance To Prevent Data Breach

Originally published on Fri March 14, 2014 12:42 pm

Target missed security warnings about a data breach, which resulted in 40 million customer credit and debit cards numbers being stolen.
Damian Dovarganes AP

Late last year, during the holiday season, hackers somewhere in Europe stole 40 million credit and debit card numbers and tens of millions of other pieces of personal information from Target customers in the United States. As reported by Bloomberg Businessweek's Michael Riley, the malware attack wasn't particularly sophisticated or unique, and Target's security systems were extensive and ready for such an attack — and yet Target missed the early security warnings.

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4:47pm

Thu March 13, 2014
Arts & Life

Amtrak Opens The Door To Writing On The Rails

Originally published on Thu March 13, 2014 6:35 pm

Transcript

MELISSA BLOCK, HOST:

Things can take off fast on Twitter. And that's what happened when a couple of writers expressed how much they like riding trains, Amtrak specifically. It started with an idea: Wouldn't it be great if Amtrak would offer writers a chance to ride the rails for free and do some writing along the way? Soon, the idea was being tweeted and retweeted, and Amtrak replied: Sure.

NPR's Leah Binkovitz explains.

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4:47pm

Thu March 13, 2014
Business

Employers React To New Overtime Expansion

Originally published on Thu March 13, 2014 6:35 pm

President Obama is directing his Labor Secretary to tighten U.S. overtime laws. Under the changes, millions of workers will become eligible. Business groups are now reacting to the news.

3:10pm

Thu March 13, 2014
The Two-Way

Obama: If You 'Work More, You Should Get Paid More'

Originally published on Thu March 13, 2014 7:50 pm

President Obama signs a memorandum for overtime protections for workers, at the White House on Thursday.
Mark Wilson Getty Images

Flanked by a cadre of salaried workers, President Obama signed a memo directing his labor secretary to rewrite the rules governing overtime in the country.

"Americans have spent too much time working more and making less," Obama said during comments preceding the signing ceremony.

Obama's proposal would rewrite a commonly used exemption in which a salaried worker designated as "executive, administrative and professional" is denied overtime if he or she is making more than $455 a week.

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2:44pm

Thu March 13, 2014
The Salt

Top 5 Ways Asparagus, A Rite Of Spring, Can Still Surprise

Originally published on Thu March 13, 2014 6:35 pm

From the botanical to the economic, spring's iconic vegetable still harbors surprises.
Sharon Mollerus/Flickr

As the snow melts, even in Minnesota, and daylight lingers into evening, people who like to eat with the seasons know what's coming: asparagus.

"Asparagus means the beginning of spring. It's spring!" says Nora Pouillon, chef and founder of Restaurant Nora in Washington, D.C. Later this month, she'll revise her menu, and it will certainly include asparagus with salmon, and asparagus soup.

It's an elegant vegetable, Pouillon says, and unique: "Sweet and bitter at the same time."

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1:17pm

Thu March 13, 2014
The Two-Way

When Bad Things Happen To Planes, Flight Codes Get 'Retired'

Originally published on Fri March 14, 2014 10:00 am

The charred tail section of Delta Flight 191 sits near a runway at Dallas-Fort Worth International Airport in August 1985 after it crashed on approach. Delta quickly retired the "191" designation.
Carlos Osorio AP

Malaysia Airlines announced Thursday that it will stop using two flight numbers associated with the plane that disappeared over the Gulf of Thailand on March 8, following a long-standing practice of retiring codes after similar incidents.

Flight MH370 vanished en route from Kuala Lumpur to Beijing with 239 people aboard. That number, which Malaysian Airlines uses to denote that particular route, will no longer be used after Friday as a "mark of respect" for the passengers and crew. MH371, the code used for the return flight, also will be retired.

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