Business

10:51am

Thu April 11, 2013
The Two-Way

Tepid Reception To Windows 8 Blamed For Drop In PC Sales

Originally published on Thu April 11, 2013 4:21 pm

Visitors tried out Windows 8 last month at the 2013 CeBIT technology trade fair in Hanover, Germany.
Sean Gallup Getty Images

Sales of new PCs plummeted nearly 14 percent globally in the first three months of the year, and much of the blame is being placed on Microsoft's new Windows 8 operating system.

International Data Corp. reported Wednesday that shipments of PCs totaled 76.3 million worldwide in the first quarter of 2013, down 13.9 percent from the same period the previous year.

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10:47am

Thu April 11, 2013
The Two-Way

Why Does Anyone Care About Minutes Of Weeks-Old Fed Meetings?

Originally published on Thu April 11, 2013 12:30 pm

The Federal Reserve's headquarters in Washington, D.C. What goes on inside there is of intense interest to investors.
Karen Bleier AFP/Getty Images

There's been a bit of a brouhaha over the Federal Reserve's inadvertent early release Tuesday evening of minutes from its closed-door March 19-20 policy meeting.

As The Associated Press writes, "employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive [the] market-sensitive information."

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10:18am

Thu April 11, 2013
The Two-Way

Japanese Car Makers Recall Millions Of Vehicles Over Faulty Airbags

Originally published on Thu April 11, 2013 1:14 pm

The 2002 Toyota Corolla. At least some of them are subject to recall.
Jeff Kowalsky AFP/Getty Images

Some 3.4 million vehicles produced by four Japanese automakers are being voluntarily recalled due to faulty airbag inflators.

The inflators were installed in some of Toyota's top-selling Camry and Corolla models produced since 2000. Certain Honda Civics and Mazdas are also subject to recall, which also reportedly includes the Maxima and Cube, according to Reuters.

The defective passenger-side airbag inflators were produced by Tokyo-based Takata at a Mexican plant, Reuters says.

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8:52am

Thu April 11, 2013
The Two-Way

Jobless Claims Fell Sharply Last Week

Originally published on Thu April 11, 2013 11:52 am

Many Americans hope to see more signs like this in coming months. (Photo taken earlier this year in San Rafael, Calif.)
Justin Sullivan Getty Images

There were 346,000 first-time claims for unemployment benefits, down 42,000 from the week before, the Employment and Training Administration reports.

Meanwhile, the "4-week moving average" of claims was 358,000, up by 3,000 from the previous week's 355,000. That measure smooths out some of the volatility in the numbers.

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5:15am

Thu April 11, 2013
Business

Business News

Originally published on Thu April 11, 2013 10:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with an airbag recall.

(SOUNDBITE OF MUSIC)

GREENE: The recall affects some three million vehicles made by four Japanese car makers: Toyota, Nissan, Honda and Mazda. All are citing a problem with passenger-side airbags that causes them to deploy abnormally and potentially cause a fire.

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5:15am

Thu April 11, 2013
Business

Federal Housing Administration May Need Bailed Out

Originally published on Fri April 12, 2013 12:58 pm

Transcript

DAVID GREENE, HOST:

Now the Federal Housing Administration might need its first bailout in its 79 year history. So-called reversed mortgages are at the heart of the problem here, as fallout from the housing crisis continues.

NPR's Dan Bobkoff explains.

DAN BOBKOFF, BYLINE: Perhaps you've seen ads like this one on TV.

(SOUNDBITE OF TV AD)

FRED THOMPSON: A government-insured reverse mortgage allows seniors to stay in their own home and turn their equity into tax-free cash...

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5:15am

Thu April 11, 2013
Politics

'Chained CPI' Worked Into Obama's 2014 Budget

Originally published on Thu April 11, 2013 10:59 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep reporting this week from Caracas, Venezuela.

DAVID GREENE, HOST:

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5:15am

Thu April 11, 2013
Business

The Last Word In Business

Originally published on Thu April 11, 2013 10:59 am

Transcript

DAVID GREENE, HOST:

Now to Paris, France - where a walkout briefly shut down one of the world's most visited museums. Our last word in business: Pickpocket Protest.

The Louvre is famous for its priceless works of art - think the Mona Lisa - which it protects with high-tech security. But apparently, the Paris museum is less effective at protecting the valuables of patrons and staff.

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5:15am

Thu April 11, 2013
Planet Money

Whose MP3s Are They, Anyway?

Originally published on Thu April 11, 2013 3:50 pm

Justin Sullivan Getty Images

If you have a CD or book you don't want anymore, you can sell it. The law says that's perfectly legal. But what about an MP3 or an e-book? Can you legally resell your digital goods?

This was the question before a judge in the case of Capitol Records v. ReDigi Inc.

Launched in 2011, ReDigi is basically a digital version of a used-record store. You can sell the company your old MP3s, and you can buy "used" MP3s that other people have sold.

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5:15am

Thu April 11, 2013
Business

How Will Obama's Budget Affect You?

Originally published on Thu April 11, 2013 10:59 am

Transcript

DAVID GREENE, HOST:

OK. President Obama's budget is out - two months behind schedule. It is four volumes, 2,509 pages.

To tell us what pages we should be looking at closely, we turn, as we often do, to David Wessel. He's The Wall Street Journal's, economics editor and the author of a book on the budget called "Red Ink."

David, welcome back.

DAVID WESSEL: Thank you. Good to be with you.

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