Business

6:47am

Wed May 22, 2013
Business

Microsoft Unveils Its new Xbox One

Originally published on Wed May 22, 2013 11:04 am

Transcript

LINDA WERTHEIMER, HOST:

The wait is over for many Xbox fans. Yesterday, Microsoft unveiled its next generation Xbox gaming console. It's called Xbox One. It's the first major revamp of the gaming system since 2005. In our business bottom line, NPR's Laura Sydell reports the new Xbox is designed to be an all-in-one system, an entertainment hub for movies, TV and games that should appeal as much to grandparents as it does to children.

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6:39am

Wed May 22, 2013
Business

Parking Industry Tries To Make Your Life Easier

Originally published on Wed May 22, 2013 9:29 am

Transcript

DAVID GREENE, HOST:

Finding a parking space, probably not at the top of the list of things you like to do. Well, experts in parking think they might be able to change that. One key, they say, is for developers to think about the parking experience when they're designing malls or apartment complexes, instead of just treating it as an afterthought.

This came up in Florida this week, at the International Parking Institute's annual conference. Reporter Kenny Malone, from member station WLRN, was there.

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6:32am

Wed May 22, 2013
Business

Court Rules Vacation Rental Site Illegal In New York

Originally published on Wed May 22, 2013 9:29 am

Transcript

DAVID GREENE, HOST:

Here's some news for travelers. If you can't afford - or don't want to pay the price for - a hotel room, maybe you've used the cheap lodging site Airbnb. If so, you have to take New York City off your list. The popular website has suffered a major setback in court. A judge in New York ruled that an Airbnb user in Manhattan violated local laws when he rented a room to an out-of-towner.

From member station WNYC, Ilya Marritz reports.

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6:32am

Wed May 22, 2013
Politics

Battle Lines Harden In Debate Over Blame For IRS Controversy

Originally published on Wed May 22, 2013 9:29 am

Transcript

LINDA WERTHEIMER, HOST:

Lawmakers are demanding to know what went wrong and who is to blame at the IRS. Two Senate committees held hearings yesterday on the agency's aggressive handling of applications from conservative groups who were seeking tax-exemption. A top IRS official facing a House committee, today, intends to invoke her Fifth Amendment right not to testify. NPR's Peter Overby reports.

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3:07am

Wed May 22, 2013
Planet Money

Why Apple (And Lots Of Other Companies) Wound Up In Ireland

Originally published on Wed May 22, 2013 9:35 am

Andy Wong AP

Apple was criticized in a Senate committee hearing Tuesday for using complex accounting to minimize the corporate taxes it pays. One key piece of the company's tax strategy: It funnels lots of its profits through subsidiaries in Ireland.

Offering low corporate tax rates has been a fundamental part of Ireland's economic strategy for decades — a way to get foreign companies to set up operations in the country.

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3:03am

Wed May 22, 2013
Research News

Quantum Or Not, New Supercomputer Is Certainly Something Else

Originally published on Wed May 22, 2013 11:33 am

Google and NASA are betting that quantum forces are at work inside D-Wave's 512-bit chip.
Courtesy of D-Wave

It's exactly the sort of futuristic thinking you'd expect from Google and NASA: Late last week, the organizations announced a partnership to build a Quantum Artificial Intelligence Lab at NASA's Ames Research Center.

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3:01am

Wed May 22, 2013
Your Money

Instead Of Snoozing In Savings, Let's Put $5,000 To Work

Originally published on Wed May 29, 2013 3:40 pm

Robyn Mackenzie iStockphoto.com

If you have a savings account you probably already know this: Your money there is losing value to inflation. Yields are so low that returns are not even keeping up with the cost of living.

I've been watching some of my own savings dwindle. And that prompted me to take up a challenge: I'm taking $5,000 from personal savings and putting it to work. I'm not a financial whiz, pundit or any kind of guru.

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5:43pm

Tue May 21, 2013
Business

Apple CEO Defends Tax Practices At Senate Hearing

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

The top executives of Apple faced tough questions today on Capitol Hill. They came at a hearing about Apple's alleged avoidance of billions of dollars in U.S. income taxes. Yesterday, Senate investigators released a study describing how the maker of the iPhone, iPad and Mac computers used subsidiaries based in Ireland to avoid income taxes on a big chunk of its global profits.

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5:43pm

Tue May 21, 2013
Business

JPMorgan Chase CEO Spared By Shareholders

Transcript

ROBERT SIEGEL, HOST:

Jamie Dimon, the chairman and CEO of JP Morgan Chase, has beaten back the most significant challenge to his leadership since he took charge. Company shareholders turned down a proposal that would have taken away one of his titles.

But as NPR's Jim Zarroli reports, shareholders made clear they are unhappy about the performance of some board members.

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5:43pm

Tue May 21, 2013
Business

Tech Companies Have A Lot At Stake With Immigration Bill

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

The immigration bill that's working its way through the Senate gives the tech industry something it has long asked for: more visas for skilled workers from overseas. But the original bill also came with something the tech industry didn't like: rules to keep those foreign workers from taking the jobs of Americans. As NPR's Martin Kaste reports, key senators agreed to loosen those rules.

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