Business

2:53am

Wed August 28, 2013
Business

Mayer Shines At Yahoo After Spotlight Dimmed At Google

Originally published on Wed August 28, 2013 12:33 pm

Transcript

RENEE MONTAGNE, HOST:

Yahoo yesterday announced a redesign of some of its major sites, the latest step in CEO Marissa Mayer's dramatic turnaround of the company. Since she took the helm last year, Yahoo's stock has surged. And a leading industry measure recently showed Yahoo topping Google in the number of website visits - which is something, since Marissa Mayer jumped to Yahoo after years of being a top player at Google.

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2:54pm

Tue August 27, 2013
All Tech Considered

Facebook: U.S. Wanted Data On 20,000 Of Its Users This Year

Originally published on Tue August 27, 2013 7:22 pm

Facebook has issued a report on government requests for its user data.
Flickr Scott Beale

In its first "Global Government Requests Report," Facebook has released details on the number of requests it has gotten from government agents for user data.

Facebook reveals that governments around the globe have made 38,000 total requests for user data in the first half of 2013, and the U.S. dwarfs the rest of the world in requests. Up to June 30, the U.S. government asked Facebook for access to accounts of between 20,000 and 21,000 users, the company said.

Facebook has more than 1.1 billion users globally.

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10:22am

Tue August 27, 2013
The Two-Way

Tesla Sales Hum In California, Beating Porsche, Land Rover

Originally published on Tue August 27, 2013 12:33 pm

Tesla Motors has outsold several luxury carmakers in California in 2013, on the strength of its Model S, seen here in the foreground. The Telsa Roadster is behind it.
James Lipman Telsa

It's been a good year for Tesla Motors, the luxury electric car maker, particularly in California, where it's selling more cars than Porsche, Jaguar, Lincoln, or Buick. In 2013, the company has sold 4,714 cars in the state, according to the California New Car Dealers Association.

Here's a rundown of the state's vehicle sales rankings:

  • Tesla: 4,714
  • Porsche: 4,586
  • Land Rover: 4,022
  • Volvo: 2,982
  • Lincoln: 2,230
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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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