Business

5:40pm

Wed April 3, 2013
Author Interviews

The Botched NY Real Estate Deal That Lost 'Other People' Billions

Originally published on Wed April 3, 2013 8:50 pm

The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza in 2006, the same year it was sold in a record-breaking real estate deal.
Mario Tama Getty Images

The middle-income housing projects Stuyvesant Town and Peter Cooper Village sit on an 80-acre patch of Lower Manhattan. In 2006, they came to epitomize the lunatic excess of the housing boom when their 11,232 apartments sold for $5.4 billion. They were bought at a competitive auction by Tishman Speyer Properties and BlackRock Realty.

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5:40pm

Wed April 3, 2013
Business

Legal Troubles Continue To Mount For SAC Hedge Fund Manager

Originally published on Wed April 3, 2013 8:50 pm

Transcript

ROBERT SIEGEL, HOST:

Legal troubles keep mounting for hedge fund manager Steven Cohen and his firm SAC Capital. Today, an appeals court judge in New York reinstated a lawsuit filed by his ex-wife, accusing Cohen of fraud. Last week, one of his top lieutenants was charged with insider trading and he was the fifth person with the firm to face arrest.

Still, as NPR's Jim Zarroli reports, U.S. officials have so far failed to bring charges against Cohen himself.

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5:40pm

Wed April 3, 2013
Television

Jimmy Fallon To Take Over For Jay Leno On NBC's 'Tonight Show' In Spring 2014

Originally published on Wed April 3, 2013 8:50 pm

In a news release that could barely be called "news," NBC has announced that Jay Leno will be replaced by Jimmy Fallon next spring.

5:40pm

Wed April 3, 2013
All Tech Considered

Who's Hiring H1-B Visa Workers? It's Not Who You Might Think

Originally published on Thu April 4, 2013 12:22 pm

There's been increasing support for the number of H-1B visas, for highly skilled workers. Large tech companies are leading the push for the increase, but many of the visas go to workers at large consulting firms.
iStockphoto.com

The tech industry wants more skilled workers — from overseas. Companies are lobbying hard for Congress to raise the limit on H-1B visas — visas for people with specialized skills — researchers, for instance, or software engineers.

Brad Smith, Microsoft's general counsel, recently told NPR that more H-1B visas can't help but be good for the country.

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5:09pm

Wed April 3, 2013
Planet Money

How We Use Energy: Then And Now

Originally published on Wed April 3, 2013 11:14 pm

A drilling rig near Kennedy, Texas.
Eric Gay AP

Manufacturing in the U.S. still uses the most energy. But its share has been decreasing. That's partly because we've moved from energy-intensive manufacturing to a more service-based economy. And also partly because of a slowing population growth and improving energy efficiency.

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1:40pm

Wed April 3, 2013
Beauty Shop

Does Leaning In Actually Work For Women At The Starting Line?

Originally published on Fri April 5, 2013 8:01 am

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, the New York African Film Festival is getting under way. The festival is in its 20th year now, so we're going to talk about the stories being told by a new generation of African filmmakers. That's coming up.

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12:26pm

Wed April 3, 2013
Shots - Health News

Administration Hits Pause On Health Exchanges For Small Businesses

Originally published on Fri April 5, 2013 2:58 pm

Shops and other small firms may be open, but health insurance exchanges will take a little longer before they're ready to offer a full range of health plans for small business customers.
iStockphoto.com

The Obama administration is delaying the start of a key piece of the Affordable Care Act. Workers in small businesses will have to wait an additional year to be able to choose from more than one plan in the marketplaces that start next January.

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8:49am

Wed April 3, 2013
The Two-Way

Job Growth Slowed In March, Survey Signals

The scene at a job fair in Manhattan on March 6.
Spencer Platt Getty Images

There were 158,000 more jobs on private employers' payrolls in March than in February, the latest ADP National Employment Report estimates.

The gain was less than economists expected, Reuters reports. They thought ADP would say there had been a 200,000-jobs increase.

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6:47am

Wed April 3, 2013
Around the Nation

Restaurants Take Risks For Big Rewards At Phoenix Airport

Originally published on Wed April 3, 2013 8:19 am

Transcript

DAVID GREENE, HOST:

If you travel a lot you're probably doing a lot of meals in airports, maybe fast-food by Gate C31 or the chain coffee place nearby. Well, one of the busiest airports in the country is now bringing in local restaurants.

As Peter O'Dowd reports from member station KJZZ in Phoenix, these small businesses are taking a risk for a shot at a big reward.

(SOUNDBITE OF MACHINERY)

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6:45am

Wed April 3, 2013
Asia

Auto Industry Stalls In Japan

Originally published on Wed April 3, 2013 8:19 am

Transcript

STEVE INSKEEP, HOST:

Let's look now at a vital part of the Japanese economy: the auto industry. While vehicle sales in the United States last month were at the highest level since August of 2007, Japanese auto sales decreased by nearly 16 percent. That is just the latest in a six-month slide for auto sales in Japan. In today's business bottom line, NPR's Sonari Glinton looks at Japan's faltering domestic auto sector.

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