Business

1:57pm

Mon May 6, 2013
The Two-Way

Senate Poised To Approve Online Sales Tax Bill

Originally published on Mon May 6, 2013 7:24 pm

Supporters of the Marketplace Fairness Act say it will level the playing field between online retailers and traditional brick-and-mortar stores.
Mike Coppola Getty Images for eBay

Update at 7:00 p.m.:

The Senate has passed the Marketplace Fairness Act by a vote of 69 to 27, The Associated Press reports.

Here's our original post:

The Senate is expected to approve a measure on Monday that would end tax-free shopping for online purchases, a move that concerns many e-retailers but has the support of the states that stand to collect billions in previously lost revenues.

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12:23pm

Mon May 6, 2013
Shots - Health News

Pfizer Goes Direct With Online Viagra Sales To Men

The ubiquitous blue-toned TV ads for Viagra look downright tame compared with Pfizer's latest gambit for the impotence remedy.

Pfizer is now selling the drug directly from the official Viagra website.

Men still need a prescription for the diamond-shaped blue pills. But instead of going to the pharmacy in person, or taking their chances buying from an online pharmacy of unknown repute, men will be able to buy Viagra from the maker of the drug itself and have it shipped to their homes.

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11:28am

Mon May 6, 2013
The Two-Way

Wal-Mart Reclaims No. 1 Spot On 'Fortune' 500 List

Originally published on Mon May 6, 2013 3:40 pm

A shopping cart at a Wal-Mart store in Los Angeles.
Robyn Beck AFP/Getty Images

Wal-Mart has reclaimed the lead spot on the Fortune 500 list released today. For the past few years, the giant retailer has been battling it out with Exxon for top billing.

This year, Exxon Mobil dropped to No. 2.

Fortune writes about Wal-Mart:

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11:17am

Mon May 6, 2013
Economy

Black And Latino Wealth Falls Further Behind

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. We're talking about the effects of those across the board budget cuts caused by the sequester. We've been particularly interested in education, and today we're going to hear about the effect on Head Start. That's a program that helps low income kids get ready for school. That conversation is later in the program.

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5:28am

Mon May 6, 2013
Around the Nation

'Bertha' Does The Heavy Lifting In Seattle Tunnel Project

The world's largest tunnel boring machine in a few months will begin digging a new double-decker highway tunnel under downtown Seattle. If all goes according to plan, Bertha will start digging this summer. It'll emerge again late next year on the other side of downtown, not far from the Space Needle.

5:25am

Mon May 6, 2013
Business

Warren Buffett Welcomes Bershire Shareholders To Omaha

Originally published on Mon May 6, 2013 10:12 am

The topics discussed during a five-hour question-and-answer session Saturday included: Berkshire Hathaway's increased size and who will take over as CEO when Buffett, 82, steps down. While admitting the company's expansion has changed things, Buffet demurred when it came to succession specifics.

5:25am

Mon May 6, 2013
Author Interviews

Journalist Robert Kaiser Chronicles Financial Overhaul Bill

Originally published on Mon May 6, 2013 8:01 am

The economic crisis in 2008 led to a massive overhaul of financial regulations. Journalist Robert Kaiser was given behind-the-scenes access to congressional reaction to the crisis. He saw that even with the threat of another Great Depression, Capitol Hill remained mired in dysfunction. NPR's Linda Wertheimer talks to Kaiser about his book, Act of Congress: How America's Essential Institution Works, And How It Doesn't.

5:25am

Mon May 6, 2013
Business

Spice Girls Musical To Close Early

Originally published on Mon May 6, 2013 6:48 am

Transcript

DAVID GREENE, HOST:

Now our last word in business. Critics and ticketholders wanted something more from the Spice Girls musical. So the last word in business today is: sad spice.

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5:25am

Mon May 6, 2013
Business

eBay CEO: Web Sales Tax Would Create 'Administrative Burden'

Originally published on Mon May 6, 2013 6:07 am

David Greene talks to eBay CEO John Donahoe about the political battle over online sales tax. On Monday, the Senate is expected to vote on a bill that would end the free ride that consumers have enjoyed when shopping online. The Marketplace Fairness Act would require online retailers to collect sales tax from customers, and pay them to states where customers live — just like brick and mortar stores.

3:45am

Mon May 6, 2013
Around the Nation

Chicago's Famed Field Museum Struggles To Dig Out Of A Hole

Originally published on Mon May 6, 2013 8:25 pm

Tyranosaurus rex skeleton, is one of the most famous exhibits at Chicago's Field Museum of Natural History" href="/post/cash-crunch-prompts-controversial-sales-chicagos-field-museum" class="noexit lightbox">
"Sue," the Tyranosaurus rex skeleton, is one of the most famous exhibits at Chicago's Field Museum of Natural History
John Zich AFP/Getty Images

The economy may be on the rebound, but many cultural institutions are still struggling to regain their financial footing. That's especially true for one of the country's most recognized museums — the Field Museum of Natural History in Chicago. Known internationally for its research as well as its exhibits, the Field Museum must pay off millions in bond debt — and toe an ethical line as it does.

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