Business

4:38pm

Fri January 11, 2013
U.S.

FAA To Review New 787 Dreamliner After Spate Of Problems

Originally published on Fri January 11, 2013 6:11 pm

Boeing faces a comprehensive review of the design and manufacturing of its ballyhooed 787 Dreamliner.

3:28pm

Fri January 11, 2013
The Two-Way

Computer Users Should Disable Java 7 Owing To Security Flaw, Experts Say

Originally published on Fri January 11, 2013 5:43 pm

Millions of computer users who run the most recent versions of Oracle's Java software should disable the product owing to security flaws, says the cybersecurity section of the Department of Homeland Security. The agency says, "Web browsers using the Java 7 plug-in are at high risk."

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11:24am

Fri January 11, 2013
NPR Story

New Mortgage Rules Not A Fix All

Originally published on Fri January 11, 2013 11:55 am

The Consumer Financial Protection Bureau released new rules for mortgages this week. But neither the banking industry, nor consumer groups are completely happy. Host Michel Martin gets a sense of the current state of mortgages and foreclosures with real estate columnist Ilyce Glink and Keli Goff, political correspondent for The Root.

10:44am

Fri January 11, 2013
Shots - Health News

Merck Halts Sale Of Niacin Drug In 40 Countries

Originally published on Fri January 11, 2013 11:29 am

Tredaptive, a booster of good cholesterol, is dead.
iStockphoto.com

Drugmaker Merck just stuck a fork in a vitamin-based drug to prevent heart disease and stroke.

The company is withdrawing Tredaptive, a long-acting pill combining niacin (No. 3 in the long list of B vitamins) and laropiprant, a chemical that reduces the unpleasant skin flushing caused by high doses of niacin.

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7:21am

Fri January 11, 2013
The Two-Way

Reports: FAA To Order Review Of Boeing 787 Dreamliner

Originally published on Fri January 11, 2013 1:05 pm

The interior of a United Airlines Boeing 787 Dreamliner.
Kevork Djansezian Getty Images

Update at 9:42 a.m. ET. Review Ordered:

Saying that "we are confident about the safety of this aircraft, but we are concerned about these incidents," Federal Aviation Administration Administrator Michael Huerta confirmed Friday morning that his agency has ordered a review of Boeing's new 787 Dreamliner after a series of problems in recent days, including fuel leaks and an electrical fire.

The planes are not being grounded. Boeing says it welcomes the review and is confident in the aircraft's safety.

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5:55am

Fri January 11, 2013
Business

Looking Back On Bank Of America's Countrywide Debacle

Originally published on Fri January 11, 2013 8:35 am

Transcript

STEVE INSKEEP, HOST:

Five years ago today, Bank of America announced it was buying the troubled subprime mortgage lender Countrywide Financial for $40 billion. At the time, the financial crisis had not fully revealed itself, and many people thought Bank of America was getting a good deal. Instead, the acquisition has turned into a never-ending legal and financial nightmare. NPR's Jim Zarroli reports.

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5:55am

Fri January 11, 2013
Business

AmEx Travel Section Bears The Brunt Of Layoffs

Originally published on Fri January 11, 2013 8:35 am

Transcript

STEVE INSKEEP, HOST:

Heading in the other direction, American Express says it plans to lay off more than 5,000 workers in the coming year. These unexpected cuts come despite a strong holiday sales season.

NPR's Kirk Siegler reports.

KIRK SIEGLER, BYLINE: All told, the layoffs will account for about eight percent of American Express's entire workforce - most from the company's global travel business.

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5:55am

Fri January 11, 2013
Technology

CES Vendors Want To Hook Up Your Home

Originally published on Fri January 11, 2013 8:35 am

Transcript

RENEE MONTAGNE, HOST:

That big consumer electronics show in Las Vegas ends today. And while big tech firms like Google and Apple did not attend, an increasingly diverse range of companies took their place. With more and more devices connecting to the Internet, many companies are flocking to this festival of gadgets, hoping to bring all the appliances in your home online. NPR's Steve Henn reports.

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5:55am

Fri January 11, 2013
Business

International Twitter War Becomes An Opera

Originally published on Fri January 11, 2013 8:35 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is being set to music. Truth really is stranger than fiction, which is how a TV interview with President Richard Nixon could become a famous play, and how The New Yorker writer Lawrence Wright could create a forthcoming play on the Camp David accords. Now, an international Twitter war is becoming an opera.

RENEE MONTAGNE, HOST:

Last summer, The New York Times columnist Paul Krugman criticized the economic austerity of Estonia.

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5:55am

Fri January 11, 2013
Europe

Spain's Banks Face Layoffs, New Regulations

Originally published on Fri January 11, 2013 8:35 am

Transcript

RENEE MONTAGNE, HOST:

One of Spain's most troubled banks announced, this week, that it's laying off half of its staff - after being sold to a competitor for just one euro. Crippled by the housing market's collapse, Spanish banks are living off bailout loans from Europe. Those loans come with strings attached, including massive layoffs and strict new regulatory measures by Spain's central bank.

From Madrid, Lauren Frayer explains.

(SOUNDBITE OF MUSIC)

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