Business

12:46pm

Wed June 5, 2013
Economy

Toledo, Ohio: Chinese Investment Wanted

Originally published on Wed June 5, 2013 3:54 pm

Mayor Michael Bell hopes Chinese investment will help revive his blue-collar city. He helped broker a deal to sell a chunk of Toledo's waterfront to Chinese investors. Host Michel Martin and Mayor Bell discuss investments with China and what he thinks President Obama and China President Xi Jinping can accomplish during their U.S. visit.

12:46pm

Wed June 5, 2013
Business

Hollywood Wants A Piece Of The Action In China's Movie Market

Originally published on Wed June 5, 2013 3:54 pm

Box office receipts in China reached new highs last year, and American filmmakers want to tap into that market. Host Michel Martin speaks with Los Angeles Times reporter John Horn, about the growth of the Chinese movie market, and how Hollywood plans to cash in.

11:09am

Wed June 5, 2013
The Two-Way

Chrysler 'Puts Reputation At Risk' By Rejecting Recall

Originally published on Wed June 5, 2013 12:47 pm

Mike Blake Reuters /Landov

As The Associated Press writes, "a defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision."

The Detroit Free Press says the company has "put its reputation for safety and quality on the line" by initially saying "no" to the National Highway Traffic Safety Administration's request.

Read more

10:04am

Wed June 5, 2013
The Two-Way

Job Growth Stayed Slow In May, Report Signals

The scene at a jobs fair in Gainesville, Fla., on April 27.
Matt Stamey Gainesville Sun /Landov

There were 135,000 jobs added to private employers' payrolls in May, according to the latest ADP National Employment Report, which was released Wednesday morning.

Read more

9:54am

Wed June 5, 2013
Business

Jobs Outlook Is Brighter For Class Of 2013

Graduates of Bowie State University wave to friends and family at the school's graduation ceremony in College Park, Md., on May 17. This year's graduates are finding better job prospects than at any time since 2008.
Chip Somodevilla Getty Images

For the last five years, graduation day has been as much a time for apprehension as for celebration.

Even now, with the Great Recession over, many recent graduates are still struggling to turn their high school and college diplomas into tickets for a better life. The unemployment rate for Americans under age 25 remains more than double the overall rate of 7.5 percent.

Read more

9:09am

Wed June 5, 2013
The Two-Way

British Phone Hacking Scandal: Rebekah Brooks Pleads Not Guilty

Originally published on Wed June 5, 2013 1:04 pm

Rebekah Brooks, left, the former Chief Executive of News International, and her husband Charlie Brooks leave Southwark Crown Court on Wednesday in London, England.
Peter Macdiarmid Getty Images

Rebekah Brooks, the former News International chief executive and former top editor at the tabloid News of the World, pleaded not guilty to five charges related to the phone hacking scandal that has rocked England.

Read more

5:33am

Wed June 5, 2013
Business

Business News

Originally published on Wed June 5, 2013 9:20 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a big no from Chrysler.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Detroit automaker is taking the unusual step of defying the government by refusing to recall some 2.7 million of its vehicles. Federal safety officials say 1993 to 2004 Jeep Grand Cherokees and the 2002 to 2007 Jeep Liberties are dangerous and should be taken off the road. The National Highway Traffic Safety Administration says rear-mounted gas tanks in those vehicles are vulnerable to leaking and catching fire in rear-end collisions.

Read more

5:33am

Wed June 5, 2013
Business

The Last Word In Business

Originally published on Wed June 5, 2013 10:58 am

Domino's Pizza has developed a prototype for aerial pizza delivery. A promotional video follows a custom-built, remote-controlled helicopter as it soars above the countryside carrying two large pizzas. But aviation rules make it unlikely that drone delivery will arrive anytime soon.

Read more

5:33am

Wed June 5, 2013
Business

Report: IRS Fails To Track Many Conference Expenses

Originally published on Wed June 5, 2013 9:20 am

Transcript

LINDA WERTHEIMER, HOST:

Now we turn to a scathing report on expensive conferences held by the IRS. The report by the agency's own inspector general noted the IRS spent about $50 million on employee meetings between 2010 and 2012.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Some of the most egregious examples of questionable spending occurred at a 2010 gathering in Southern California. The IRS paid dearly for some lavish hotel rooms, and spent $34,000 for lodging and related expenses for employees who lived nearby.

Read more

5:33am

Wed June 5, 2013
Business

Halo To Leap From Computer Screens To Mobile Phones

Originally published on Wed June 5, 2013 9:20 am

Blockbuster console game franchise Halo is going to have a new installment for mobile phones. Microsoft made the announcement Tuesday. It's a confirmation of the way the gaming industry is going, away from relying on $60 console games and closer to mobile and micropayments.

Pages