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After eight days and billions of dollars in lost business, the shutdown at the nation's busiest port hub is over. Striking clerks at the adjacent ports of Los Angeles and Long Beach have reached a tentative agreement with managers. At issue: worries about outsourcing jobs. The clerks, hundreds of them, and ten thousand longshoremen, who refused to cross picket lines, head back to work this morning.
We begin NPR's business news today with a Facebook status update.
Facebook will join the Nasdaq 100 Index next week. It's replacing Indian tech company Infosys. It used to be that companies had to be listed on the Nasdaq for two years before they could become part of this elite index. Facebook only had to wait three months, thanks to some rule changes Nasdaq made back when the social network decided to go public. Transcript provided by NPR, Copyright National Public Radio.
Some top-tier business schools are offering more than just finance and marketing these days: Duke, UCLA, MIT and Stanford are all teaching improv. Professors say these techniques help students increase collaboration, creativity and risk taking.
In an improvisational leadership class at MIT's Sloan School of Management, instructor Daena Giardella coaches a scene where a hospital administrator is firing surgeons after a horribly botched operation.
Giardella, who does professional improv, boils it down to a rule known as "yes, and."
Marijuana is legal in Washington state as of 12:01 a.m. Thursday, but the ballot initiative that made it legal last month contained a new DUI standard — a deal-sweetener for hesitant voters — that may actually make life riskier for regular pot users.
The new law makes it legal for adults to possess up to 1 ounce of marijuana, but illegal for that same adult to drive if the THC content of his blood reaches 5 nanograms per milliliter.
Retailers are finding more ways to offer their customers financial products — mortgages, loans and the like. In the past, people looked to banks for this kind of product. But big-box stores are trying to find new ways of getting money to those who cannot use banks, or want to avoid them altogether.
Costco may be best known for pallets of bottled water or bulk toilet paper that can last a family an entire year. But earlier this year, it also added mortgages to its growing array of financial offerings.