Business

6:04am

Tue June 18, 2013
Business

Feds Raid 7-Eleven Stores In Immigration Scam

Originally published on Tue June 18, 2013 1:52 pm

Transcript

STEVE INSKEEP, HOST:

Some other news. Authorities in New York have announced the arrest of eight men and one woman who operate several 7-Eleven convenience stores in New York and in Virginia. They're accused of staffing their stores with undocumented workers and then stealing those workers' wages.

From member station WNYC, Ilya Marritz has details.

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6:04am

Tue June 18, 2013
Business

European Aviation Firms Spotlighted At Paris Air Show

Originally published on Tue June 18, 2013 1:52 pm

Transcript

DAVID GREENE, HOST:

The Paris Air Show is celebrating its golden anniversary this year. Even after 50 years, it remains the leading showcase for the global aerospace industry.

But as NPR's Eleanor Beardsley reports, with U.S. Defense cuts, this year it's the Europeans who are taking the spotlight.

UNIDENTIFIED MAN #1: Welcome to the Paris Air Show...

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6:04am

Tue June 18, 2013
Business

The Last Word In Business

Originally published on Tue June 18, 2013 1:52 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is home detention.

The story comes to us from New Zealand, where authorities have been locking up some criminals in their homes rather than jail. House arrest is a lot cheaper, but it turns out that serving time at home is not as comfortable as you might think.

DAVID GREENE, HOST:

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3:05am

Tue June 18, 2013
Around the Nation

Why Buy A House When You Can Buy A Mountain?

Originally published on Tue June 18, 2013 1:55 pm

Jeff Rosenthal, co-founder of Summit, in front of Powzilla, an open-top Suburban turned rock crawler.
Elise Hu NPR

It's not your everyday real estate deal. A team of young entrepreneurs persuaded about 50 deep-pocketed investors to help them purchase a mountain. The deal just closed in April, and development on Utah's nearly 10,000-acre Powder Mountain is now underway.

"When we made those first phone calls, everybody's like, what? That being said, they know that we aren't kidding," says Jeff Rosenthal, co-founder of Summit, the group that led the purchase of the peak.

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6:40pm

Mon June 17, 2013
The Salt

Dirty Spuds? Alleged Potato Cartel Accused Of Price Fixing

Originally published on Tue June 18, 2013 4:09 pm

Clearly, he's as surprised by the allegations as the rest of us.
iStockphoto.com

Editor's Note: Many of you noted that the price for a 10-pound bag of potatoes cited in the lawsuit seems ridiculously high. So we look into the matter further — you can read what we found in this follow-up post.

High-tech spying with satellites. Intimidation. Price fixing.

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5:03pm

Mon June 17, 2013
Law

High Court Sides With Regulators In Drug Patent Case

Originally published on Mon June 17, 2013 5:45 pm

The Supreme Court sided with government regulators in an important case involving the pharmaceutical industry and patent law. At issue were contracts between "brand-name" pharmaceutical companies and "generic" producers in which the brand-name company paid the generic not to compete. The court said the Federal Trade Commission could challenge such contracts.

5:03pm

Mon June 17, 2013
Technology

Google's 'Internet Balloons' Could Expand Online Access

Originally published on Mon June 17, 2013 5:45 pm

Google's "Project Loon" just launched in New Zealand — it uses balloons floating in the stratosphere to bring high-speed Internet access to remote areas.

3:59pm

Mon June 17, 2013
The Two-Way

FTC Can Sue Firms In 'Pay For Delay' Drug Deals, Court Rules

The Supreme Court has ruled that the FTC can challenge arrangements between makers of generic drugs and makers of brand-name products such as AndroGel, seen here on a computer monitor screen.
Reed Saxon AP

When the maker of a brand-name drug pays a maker of generic drugs to not produce a lower-priced version of their product, the Federal Trade Commission can challenge the arrangement on antitrust grounds, the Supreme Court ruled Monday. The ruling may end the era of what regulators call "pay-for-delay" deals.

The justices voted 5-3 to allow a case to go forward in which the FTC is challenging one of many such deals. Several companies are involved in the case, including Solvay Pharmaceuticals, maker of AndroGel, and generic-drug maker Actavis.

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2:32pm

Mon June 17, 2013
Code Switch

For People Of Color, A Housing Market Partially Hidden From View

Originally published on Mon June 17, 2013 6:53 pm

Barriers to housing are a major reason for the disparity in household wealth between people of color and whites.
AP

We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the past half decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.

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1:27pm

Mon June 17, 2013
The Salt

Italian University Spreads The 'Gelato Gospel'

Originally published on Tue June 18, 2013 4:12 pm

Thousands of students from around the world flock to courses near Bologna, in central Italy, at the headquarters of Carpigiani, the leading global manufacturer of gelato-making machines.
Giuseppe Cacace AFP/Getty Images

Italy has secured its place in the global diet with the likes of espresso, cappuccino, pasta and pizza.

The latest addition to the culinary lexicon is ... gelato, the Italian version of ice cream.

And despite tough economic times, gelato-making is a booming business.

At Anzola dell'Emilia, a short drive from the Italian city of Bologna, people from all over the world are lining up for courses in gelato-making.

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