Business

5:14pm

Thu January 24, 2013
Business

Still No Answers In 787 Battery Malfunctions

Originally published on Fri January 25, 2013 10:22 am

Transcript

ROBERT SIEGEL, HOST:

Boeing's flagship jetliner, the 787, has been stuck on the ground lately. The FAA and safety authorities around the world grounded the fleet after battery problems. And today we have an update on the investigation of the battery fire onboard a Japan Airlines 787 this month in Boston.

NPR's Wendy Kaufman has been following this story and joins us now for an update. And, Wendy, what did the National Transportation Safety Board have to say today?

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4:13pm

Thu January 24, 2013
All Tech Considered

Swinging From 140 Characters To Six-Second Videos, Twitter Launches Vine

Originally published on Fri January 25, 2013 11:02 am

Twitter announced its partnership with Vine, a video-sharing app that posts six-second videos onto a tweet, on Thursday, Jan. 24.
Marie McGrory NPR

If you thought 140 characters of text was too short, try grabbing your Twitter followers' attention with six-second videos. Six seconds.

Twitter on Thursday launched the video app Vine, which allows users to shoot brief videos and directly tweet them. The social media company acquired the video-sharing startup last fall, according to All Things D.

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2:40pm

Thu January 24, 2013
The Two-Way

Can An Ex-Prosecutor Make The SEC Tougher On Wall Street?

Originally published on Fri January 25, 2013 8:38 am

Mary Jo White, then U.S. Attorney for the Southern District of New York, speaks during a May 2001 press conference following guilty verdicts in the trial of four followers of Osama bin Laden that bombed two U.S. embassies in East Africa in 1998. President Obama intends to nominate White to head the Securities and Exchange Commission.
Doug Kanter AFP/Getty Images

President Obama's choice to head the Securities and Exchange Commission has prosecuted terrorists and mobsters. If she's confirmed, Mary Jo White's next challenge will be tackling reckless behavior on Wall Street.

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9:15am

Thu January 24, 2013
The Two-Way

Obama Chooses Former U.S. Attorney Mary Jo White To Head SEC

Originally published on Thu January 24, 2013 10:43 am

Mary Jo White, who President Obama wants to lead the Securities and Exchange Commission.
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.

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8:45am

Thu January 24, 2013
The Two-Way

Jobless Claims Hold At Five-Year Low

The number of first-time claims for unemployment insurance dipped by 5,000 last week from the week before, to 330,000, the Employment and Training Administration reports.

That means claims remain at a low level not seen since January 2008.

Another measure, the "4-week moving average" that is supposed to give a broader look at the trend, declined by 8,250 — to 351,750.

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5:05am

Thu January 24, 2013
Business

NFL Pressures Indiana Man To Give Up On Trademark

Originally published on Thu January 24, 2013 1:19 pm

Transcript

STEVE INSKEEP, HOST:

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.

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5:05am

Thu January 24, 2013
Business

Private Equity Firm To Take Over Dell

Originally published on Thu January 24, 2013 1:19 pm

Transcript

RENEE MONTAGNE, HOST:

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.

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5:05am

Thu January 24, 2013
Business

Despite Brisk Sales, Apple Has Flat Sales

Originally published on Thu January 24, 2013 1:19 pm

Transcript

STEVE INSKEEP, HOST:

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.

Here's NPR's Laura Sydell.

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3:39am

Thu January 24, 2013
Africa

Algeria Attack A 'Wake-Up Call' For Energy Companies

Originally published on Thu January 24, 2013 1:19 pm

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.

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3:35am

Thu January 24, 2013
Planet Money

Why Is The Government In The Flood Insurance Business?

Originally published on Thu January 24, 2013 1:19 pm

Hurricane Betsy hit the Gulf Coast in 1965.
Horace Cort AP

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.

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