Business

4:21am

Mon May 13, 2013
Business

Business News

Originally published on Mon May 13, 2013 8:41 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with a big recall for jeeps.

Chrysler is recalling about 470,000 Jeep SUVs worldwide. Certain Jeep Grand Cherokees and Commanders are being recalled because the transmission could shift by itself - from park into neutral - with no warning to the driver. The source of the problem: cracks in the circuit board that can cause a faulty signal on start-up.

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4:21am

Mon May 13, 2013
Business

The Last Word In Business

Originally published on Mon May 13, 2013 8:41 am

Transcript

DAVID GREENE, HOST:

Today's last word in business is: The Cat's meow.

Last summer, the Walker Art Center in Minneapolis hosted the first-ever Internet Cat Video Festival. Yes, that happened. The festival featured 70 minutes of Internet cat videos.

STEVE INSKEEP, HOST:

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3:06am

Mon May 13, 2013
All Tech Considered

Google Fights Glass Backlash Before It Even Hits The Street

Originally published on Mon May 13, 2013 11:57 am

A visitor at the "NEXT Berlin" conference tries out Google Glass on April 24 in Berlin.
AFP/Getty Images

Google Glass isn't even for sale yet, but it's already facing backlash.

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9:43am

Sun May 12, 2013
The Two-Way

U.S. Gas Prices Expected To Remain Low For Summer

Originally published on Sun May 12, 2013 1:07 pm

Gas prices are displayed on a board at a Hess station in Hoboken, N.J., Sunday. Lower oil and gasoline prices are giving relief to consumers who recently seemed about to face the highest prices ever.
CX Matiash AP

Drivers will find this summer's gas prices are lower than last year's, the result of a spike in crude oil production. Government forecasters say a gallon of regular gasoline will cost about $3.50 this summer — a slide of more than 10 cents from last year.

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11:55am

Sat May 11, 2013
The Two-Way

Experts Marvel At How Cyber Thieves Stole $45 Million

Originally published on Sat May 11, 2013 7:00 pm

This week's massive cyber-heist was facilitated by the ease with which criminals have learned to hack the magnetic stripe on the back of ATM, debit and credit cards.
Timothy A. Clary AFP/Getty Images

With a haul of $45 million, it's being billed as possibly the biggest cyber-heist in history. But in reality, experts and authorities say, it was thousands of small but highly coordinated thefts.

As we reported on Thursday, federal prosecutors charged eight people with being the just New York cell of an operation that allegedly encompassed criminal cohorts in 26 countries.

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5:30am

Sat May 11, 2013
Business

The Philosophy, Economics Behind Sourcing Retail

Originally published on Sat May 11, 2013 10:11 am

Transcript

SCOTT SIMON, HOST:

And the deaths in Bangladesh have prompted a number of American clothing companies to disclose where their products are made. Everlane is an online clothing retailer based in San Francisco that has always done that. Michael Preysman is the CEO and founder of Everlane, and we asked him where and how his company's T-shirts are manufactured.

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7:52am

Fri May 10, 2013
The Two-Way

Book News: Microsoft Rumored To Be Interested In Buying Nook

Originally published on Fri May 10, 2013 12:33 pm

Microsoft already owns nearly a 17 percent stake in Nook Media.
Spencer Platt Getty Images

The daily lowdown on books, publishing, and the occasional author behaving badly.

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5:45am

Fri May 10, 2013
Business

Cyber Criminals Drain $45 Million From ATMs Around The World

Originally published on Mon May 13, 2013 1:13 pm

Transcript

DAVID GREENE, HOST:

All right, prosecutors are calling it the biggest bank heist in New York City since the 1970s. They say a gang of cybercriminals drained $45 million from ATMs around the world.

Here's NPR's Joel Rose.

JOEL ROSE, BYLINE: United States Attorney Loretta Lynch says the eight men charged in New York were able to withdraw $2.8 million in cash in just one day, in February.

LORETTA LYNCH: This was a 21st century bank heist. But instead of guns and masks, this cybercrime organization used laptops and malware.

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5:45am

Fri May 10, 2013
Business

The Last Word In Business

Originally published on Fri May 10, 2013 8:10 am

Transcript

DAVID GREENE, HOST:

Our last word in business today is a tribute to a father of Italian high-fashion. Ottavio Missoni died yesterday at age 92.

STEVE INSKEEP, HOST:

Now before he was a fashion mogul, he ran track in the 1948 Olympics - which is where he met his wife, whose family owned a textile mill in northern Italy.

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5:45am

Fri May 10, 2013
Television

How Does NBC Plan To Climb Back Up Ratings Ladder

Originally published on Fri May 10, 2013 8:10 am

NBC was once must-see TV. Now, the network's ratings have slipped behind Spanish Language TV. What happened to this once mighty TV network?

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