Here in the United States, a court has been considering the fate of an iconic fruit. And that's our last word in business today.
Forty-five years ago, the artist Andy Warhol created an album cover for the rock band The Velvet Underground, an album cover featuring a stylized banana. The Warhol banana has remained a popular image, moving from an album cover to iPhone covers.
Facebook CEO Mark Zuckerberg gave his first public interview after his tech company's rocky IPO and the disappointing stock performance that followed. Facebook's share price is now worth about $19 — half as much as it was priced back in May when its stock first went on the market.
Zuckerberg took questions from Michael Arrington at TechCrunch Disrupt, a San Francisco conference for startups. We watched and listened in to the talk in case you missed it:
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block. The U.S. government made a big chunk of money in the stock market today. It sold more than 630 million shares in AIG, the American International Group. The government reluctantly acquired the shares when it injected billions of dollars into the insurance giant to keep it from collapsing. The Treasury Department says the government turned a $15.1 billion dollar profit on the deal. Here's NPR's John Ydstie.
Originally published on Tue September 11, 2012 11:58 am
The web hosting company GoDaddy says it has finished an investigation into yesterday's outages and the company has concluded that it was not caused by an external hack.
As we told you yesterday, many of GoDaddy's members complained that their websites were inaccesible for a while on Monday. The company hosts some 5 million websites and has registered more than 53 million domain names.
Originally published on Tue September 11, 2012 12:03 pm
The new iPhone is expected to be unveiled this week, and customers can probably get a discount if they sign up for a lengthy service agreement. But New York University Law Professor Oren Bar-Gill tells host Michel Martin that consumers should think twice before signing the dotted line for things like phones, credit cards or mortgages.
The economy added only about 100,000 private sector jobs last month - far fewer than had been expected.
And as NPR's Wendy Kaufman reports, a close reading of the numbers reveals that many of those jobs are low wage.
WENDY KAUFMAN, BYLINE: Some of the nation's job growth has been in places like this - a suburban mall near Seattle. While many shoppers aren't spending like they did before the economic crash, they are buying more than they did a couple of years ago.