Business

5:52am

Thu June 6, 2013
Business

The Last Word In Business

Originally published on Thu June 6, 2013 7:02 am

Detroit's Masonic Temple Theatre was headed to foreclosure until an anonymous donor paid off its $142,000 in back taxes. That donor is now revealed: former White Stripes singer Jack White. He has performed there nine times and hung out there as a kid. His mom was an usher.

5:19am

Thu June 6, 2013
Business

Lenovo Holds Grand Opening For Its N.C. Assembly Plant

Originally published on Thu June 6, 2013 8:14 am

Johana Guardado assembles a laptop on Lenovo's new personal computer production line in Whitsett, N.C.
Leoneda Inge for NPR

Chinese computer maker Lenovo celebrated the opening of its first U.S. manufacturing plant in Whitsett, N.C., on Wednesday. The company is trying to boost its brand and U.S. market share. Other high-tech firms, including Motorola, have announced plans to manufacture in the U.S.

The Lenovo plant celebration was a patriotic affair. A large sign was on display featuring the American flag and the words "Assembled in the U.S."

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5:36pm

Wed June 5, 2013
The Salt

Amazon's Grocery Delivery: A Trojan Horse To Get In Your Door

Originally published on Wed June 5, 2013 7:16 pm

Amazon has been testing its AmazonFresh delivery service in the Seattle area since 2007.
Joe Nicholson AP

Amazon already delivers everything from toothpaste to televisions to your doorstep. Now, it wants to bring your berries and beer, too.

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4:33pm

Wed June 5, 2013
Business

Amazon Faces Tough Sell As Online Grocer

Originally published on Wed July 3, 2013 10:26 pm

Transcript

AUDIE CORNISH, HOST:

After conquering the online department store model, Amazon is eyeing an expansion into the world of grocery shopping. The company has been testing out an online grocery called AmazonFresh in Seattle. Today, there are reports that Amazon plans to expand to other cities around the country. But the business landscape is littered with the graves of online grocers who didn't make it. Remember Webvan? No? That's OK.

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4:33pm

Wed June 5, 2013
Business

Komen Cancels Charity Races In Several Cities

Originally published on Wed June 5, 2013 6:19 pm

One of the foremost breast cancer charities, the Susan G. Komen foundation, has canceled important fundraising walks in Washington, D.C., and other major cities next year.

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.

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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.

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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.

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