Mary Jo White, who President Obama wants to lead the Securities and Exchange Commission.
Credit Brendan McDermid / Reuters /Landov
Mary Jo White, a former U.S. attorney in New York who prosecuted terrorists responsible for the bombings of the World Trade Center and U.S. embassies in Africa, will be nominated by President Obama to head the Securities and Exchange Commission.
OK. Let's turn to a rivalry between siblings. Today's Last Word In Business is Harbowl - or Harbaugh Bowl. An Indiana man tried to trademark those two phrases last year, according to ESPN.com.
RENEE MONTAGNE, HOST:
Roy Fox figured the Harbaugh brothers - both NFL coaches - might someday meet in the Super Bowl. This year, it is happening. Jim Harbaugh's San Francisco 49ers face John Harbaugh's Baltimore Ravens, a week from Sunday.
Staying in the tech world now, later today Microsoft releases its earnings for the final quarter of 2012. And no matter what the computer software giant announces, it won't mask the fact that last year was a brutal one for the personal computer industry.
Dell - one of the largest computer makers on the planet - is in talks to be taken over by a private equity firm. PC sales are declining globally.
And as NPR's Steve Henn reports, some see a technological shift in the works that could undermine the empire built by Microsoft.
NPR's business news begins with a bite out of Apple.
It's still the largest tech company in the world - let's make no mistake about that. But Apple reported yesterday that its profits were flat - despite brisk sales of iPhones and iPads. In after-hours trading, Apple's stock plunged, reflecting fears that interest in Apple products may start waning as consumers seek more affordable options.
A week has passed since the terrorist attack on a natural gas facility in Algeria, but risk analysts and security experts are still undecided about the incident's likely impact in the energy world.
The price of oil, a good indicator of anxiety in the energy market, went up modestly right after the attack, but then it stabilized. No energy company has suspended operations in Algeria, nor has any company announced it will hold off on future investments in North Africa, a key source of oil and gas supplies.
There's a quick, one-word explanation for why the federal government started selling flood insurance: Betsy.
Hurricane Betsy, which struck the Gulf Coast in 1965, became known as billion-dollar Betsy. Homes were ruined. Water up to the roofs. People paddling around streets in boats. Massive damage.
This would be the time when you'd expect people to be pulling out their flood insurance policies. But flood insurance was hard to come by. You could get fire insurance, theft insurance, car insurance, life insurance. Not flood.
Originally published on Wed January 23, 2013 8:53 pm
National Transportation Safety Board investigators inspect a Boeing 787 Dreamliner at Japan's Takamatsu Airport. A Federal Aviation Administration investigation into the plane's troubles has widened into a review of the agency's certification process for new airliners.
One week after Federal Aviation Administration officials grounded Boeing's newest jet, the world's entire 787 Dreamliner fleet remains parked. FAA Administrator Michael Huerta said Tuesday he couldn't speculate on when a review of the plane would be complete.
Investigators in the U.S. and Japan remain perplexed as to why batteries on two planes suffered serious failures. Now Boeing, its flagship jet and the certification process for the 787 are under intense scrutiny.
When compared with its neighbors Coney Island and the Rockaways, Manhattan seemed hardly touched by the waters and winds of Superstorm Sandy in late October. But almost three months later, areas of lower Manhattan are still laboring to recover.
Earlier this month, a museum devastated by Sandy finally reopened. About 800 people packed the lobby and upstairs galleries of the South Street Seaport Museum in lower Manhattan as Mayor Michael Bloomberg addressed the crowd.