Business

4:46pm

Mon July 29, 2013
Business

Amazon Goes On Hiring Spree To Staff New Facilities

Originally published on Thu August 22, 2013 2:24 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Tomorrow, President Obama visits and Amazon distribution center in Chattanooga. He'll be talking about job creation. That may help explain the timing of an announcement today from Amazon. It's going on a hiring spree, looking for 5,000 new full-time employees for its U.S. distribution centers. NPR's Wendy Kaufman has more on Amazon's plans to grow.

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4:46pm

Mon July 29, 2013
Business

Ad Agency Merger Reflects New Realities Of Online Advertising

Originally published on Wed July 31, 2013 9:01 pm

Transcript

MELISSA BLOCK, HOST:

It's Paris meets Madison Avenue. Yesterday two of the world's largest advertising agencies announced plans to merge. The French ad company Publicis is combining with the New York-based Omnicom. The merger is largely a response to the growing dominance of Silicon Valley companies such as Google and Facebook.

AUDIE CORNISH, HOST:

NPR's digital culture correspondent Laura Sydell joins us now to talk about what it all means. Hey there, Laura.

LAURA SYDELL, BYLINE: Hello.

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11:39am

Mon July 29, 2013
The Two-Way

Amazon Says It Will Hire More Than 5,000 Workers In U.S.

Originally published on Mon July 29, 2013 1:53 pm

Amazon.com plans to hire more than 5,000 full-time workers for its warehouse and order-fulfillment centers, the retailing giant said Monday. Many of the jobs will be at Amazon outposts that are spread across more than 10 states.

"Median pay inside Amazon fulfillment centers is 30 percent higher than that of people who work in traditional retail stores," the company said in a news release announcing its plans.

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9:04am

Mon July 29, 2013
The Two-Way

BMW's Electric Compact May Come With An Optional SUV Backup

Originally published on Mon July 29, 2013 12:37 pm

BMW's electric i3 Concept is presented before the Paris Motor Show last September. The car was officially unveiled Monday; purchasers can reportedly opt for using a gas-powered SUV several weeks each year.
AFP AFP/Getty Images

As it unveils its all-electric i3 compact sedan Monday, BMW also plans to offer buyers the option of booking a gas-powered SUV for a few weeks every year, according to reports. The move is part of BMW's efforts to ease customers' concerns about relying on an electric vehicle year-round, particularly for long family trips.

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8:05am

Mon July 29, 2013
Parallels

Group Faults Apple For Labor Violations At China Supplier

Originally published on Mon July 29, 2013 11:53 am

Apple is under fire again for labor violations at its supplier's factories in China.
Eugene Hoshiko AP

There's been concern about working conditions at factories run by Apple's foreign suppliers since the story last year about Foxconn. At the time, the tech giant moved to address those concerns to show that it took them seriously. But more allegations surfaced Monday centering on Apple's effort to build a cheaper iPhone.

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6:25am

Mon July 29, 2013
Business

Mega Merger Combines Ad Companies Publicis, Omnicom

Originally published on Mon July 29, 2013 7:07 am

France's Publicis and U.S.-based Omnicom announced Sunday night that they're joining forces. Together, they'll be the largest advertising holding company in the world.

5:08am

Mon July 29, 2013
Business

Why Don't More People Care About Insider Trading?

Originally published on Mon July 29, 2013 7:07 am

David Greene talks to Vanity Fair financial journalist Bryan Burrough about the SAC hedge fund insider trading case, and how little the public cares, compared with the 1980s insider trading crackdown that was widely followed and became a part of popular culture.

3:00am

Mon July 29, 2013
Energy

Massive Solar Plant A Stepping Stone For Future Projects

Originally published on Mon July 29, 2013 12:33 pm

The Ivanpah solar project in California's Mojave Desert will be the largest solar power plant of its kind in the world.
Josh Cassidy KQED

The largest solar power plant of its kind is about to turn on in California's Mojave Desert.

The Ivanpah Solar Electric Generating System will power about 140,000 homes and will be a boon to the state's renewable energy goals, but it was no slam dunk. Now, California is trying to bring conservationists and energy companies together to create a smoother path for future projects.

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5:56pm

Fri July 26, 2013
Law

After Five Years, Why So Few Charges In Financial Crisis?

Originally published on Mon July 29, 2013 12:01 pm

Neil Barofsky, special inspector general for the Troubled Asset Relief Program, testifies before Congress about the program in 2010. Barofsky now says of the financial crisis: "The folks responsible for this incredibly painful economic damage that struck our economy have gone free."
Harry Hamburg AP

In the latest in a string of insider trading cases, federal prosecutors this week indicted SAC Capital, one of the most prominent and profitable hedge funds in the world.

But when it comes to the 2008 financial crisis that sent the economy into a tailspin, criminal prosecutions have been few and far between.

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4:07pm

Fri July 26, 2013
The Two-Way

Hedge Fund SAC Capital Pleads Not Guilty To Fraud Charges

Originally published on Fri July 26, 2013 5:04 pm

Preet Bharara, United States Attorney for the Southern District of New York, speaks at a news conference on Thursday about a federal indictment against SAC Capital.
Timothy Clary AFP/Getty Images

Hedge fund SAC Capital Advisors has pleaded not guilty to wire and securities fraud, a day after federal prosecutors in New York charged the firm in connection with an alleged insider trading scheme.

Peter Nussbaum, SAC's general counsel, entered the plea on behalf of the firm, one of Wall Street's biggest hedge funds.

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