NPR business news starts with GM investing in China.
General Motors says it's building a $1 billion factory with its joint venture partners in China. It's set to open in 2015 and will be the third GM plant in what is now the world's biggest auto market. The company hopes the plant will eventually produce up to two million vehicles a year. Auto sales in China are expected to hit 20 million this year - about five million more than in the U.S. Transcript provided by NPR, Copyright National Public Radio.
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The multinational oil firm BP is being taken to account for the massive 2010 spill in the Gulf of Mexico. Yesterday, the Obama administration banned BP from any new contacts with the federal government, citing, quote, "a lack of business integrity" related to the spill - that after BP admitted criminal wrongdoing in its recent settlement with the U.S. Justice Department.
Later this morning, a British judge who spent eight months investigating the excesses of the nation's media will issue his suggestions for how to rein in the sometimes rambunctious British press. Prime Minister David Cameron ordered the wide-ranging inquiry in the wake of revelations of illegal phone hacking at The Tabloid News of the World and other papers owned by Rupert Murdoch.
But as Vicki Barker reports, Cameron's likely to face an uproar whether or not he accepts Brian Leveson's recommendations.
Amazon's"Prime" service — at $79 a year — includes free two-day delivery on any item Amazon stocks. That includes, according to the Wall Street Journal, a 1,500-pound safe. The company that makes the safe says it usually ships for $700.
Yesterday, in the Bronx, Chris Veres took his grandfather to see Dr. Bob Murrow. He was worried about his grandfather's heart. Dr. Murrow talked to the family and ordered a cardiogram, which came back normal.
It was a pretty routine visit. But what happens next for the doctor — getting paid by Medicare, the government-run health insurance program for the elderly — is suddenly sort of a big deal.
It's been a month since Sandy made landfall in the northeast. For millions in that big storm's path, life is returning to normal - not for tens of thousands of people in New York City who still, still don't have electricity or heat. Many of them are waiting for an electrician to come to repair or certify wiring that was damaged by all the flooding. But as NPR's Joel Rose reports, there aren't enough electricians to go around.
Once upon a time when a car company introduced a new car, it was a new new car.
But at this year's L.A. Auto Show, you won't see any revolutionary new rides — at least not on the outside. You'll find the same sameness in your grocery store parking lot. A lot of cars look alike. Why is that?
"What they're relying on to distinguish these cars from one another is not so much the mechanical pieces of them or the design," says Brian Moody of Autotrader.com. "They're selling sort of a lifestyle or an experience or a philosophy."
Record-high fuel prices have hammered airlines, forcing executives to eliminate flights, cut back on unprofitable routes and make passengers pay for many perks that used to be free.
Now the airlines are looking at other ways to save money. That means a new opportunity for a plane from the past.
On a typical day at Atlanta's Hartsfield-Jackson International Airport, the "Plane Train" ferries some 200,000 travelers a day between terminals. One of those passengers, Rebecca Hamilton, is on her way home to Florida.
The Environmental Protection Agency announced on Wednesday that it is temporarily banning BP from doing new business with the federal government. The agency cites BP's lack of business integrity as a reason, pointing to the company's conduct during the 2010 Gulf of Mexico disaster. The suspension doesn't affect current contracts.