Originally published on Thu August 9, 2012 8:30 am
Nancy Brinker the founder of the breast cancer charity is giving up her CEO role for a lower profile job. President Liz Thompson has resigned. The statement issued by the charity makes no mention of it, but Komen's been dealing with fall-out from a decision earlier this year to stop funding cancer screenings conducted by Planned Parenthood. The funding was restored, but following the flap, participation in races has dropped by as much as 30 percent.
Republican presidential candidate Mitt Romney has acknowledged that he had money in a Swiss bank account until 2010. Romney says he wasn't trying to hide the money, since he reported the account to the government.
Even so, he closed the account at a time when the federal government was in the middle of a major crackdown on offshore tax havens — a crackdown that has made it harder for Americans to hide their money overseas.
You could soon pay for a latte at Starbucks simply by walking into the store with a smartphone in your pocket and giving the cashier your name.
Square, a San Francisco-based payments startup unveiled a deal Wednesday with the world's largest coffee chain that will move its mobile payments products into Starbucks stores around the U.S. starting this fall.
It should come as no surprise that Olympics organizers take brand endorsements and official suppliers very seriously. That extends beyond logos on shorts and shoes — up to, and including, condoms. That's right, the Olympics has an "official" condom — and organizers want to get to the bottom of how a bucket of rogue condoms reached the Olympic Village.
Here in the U.S., analysts are trying to figure out what affect an oil refinery fire could have on gasoline prices. The fire erupted Monday night at an important refinery in Richmond, California. It's owned by Chevron Corporation. It was extinguished within five hours, but could have a lasting impact.
NPR's Richard Gonzales reports that gas prices are expected to shoot up in an already expensive market.
NPR's business news starts with markets rather optimistic.
Stock market averages in Asia closed higher today for the third day in a row. There's apparently a feeling that the U.S. and Europe are poised to make moves that will help the global economy. Investors are betting that the Federal Reserve will launch new stimulus action. And they're also betting that some decisive action will be taken soon to reign in the fiscal crisis in Europe.
And our last word in business is: shocking - positively shocking.
STEVE INSKEEP, HOST:
Any James Bond fan knows that's a line from (Singing) "Goldfinger."
It's what Bond says after electrocuting a henchmen in a bathtub.
MONTAGNE: Britain has the Olympics, and this fall, it will have a 24-hour James Bond channel. British broadcaster BSkyB is launching the channel for the month of October to mark the 50th anniversary of the Bond franchise.
A drop in natural gas prices is hurting balance sheets across the petroleum industry. The second-largest natural gas producer in the United States — Oklahoma City-based Chesapeake Energy — has been hit especially hard.
After 23 consecutive years of touting its increasing natural gas production, Chesapeake CEO Aubrey McClendon told investors during a conference call Tuesday that the company projects its gas output will drop about 7 percent in 2013.