Business

5:34pm

Tue April 9, 2013
Business

After Missteps, Does J.C. Penney Stand Another Chance?

Originally published on Tue April 9, 2013 7:34 pm

After an unsuccessful face-lift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. Some analysts say this might be it for the retailer; others say it must "embrace" its customers to recuperate.
Mary Altaffer AP

A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.

J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.

Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.

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5:34pm

Tue April 9, 2013
Environment

Keystone XL Pipeline Could Be Huge Boon For Canada

Originally published on Tue April 9, 2013 7:34 pm

Transcript

AUDIE CORNISH, HOST:

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5:34pm

Tue April 9, 2013
Technology

Kansas City Slow To Connect With Google's Super Fast Internet

Originally published on Tue April 9, 2013 7:34 pm

Google has already rolled out an experimental broadband network in parts of Kansas City.

2:04pm

Tue April 9, 2013
The Two-Way

KPMG Partner May Have Traded Inside Information

Originally published on Tue April 9, 2013 3:20 pm

KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a third-party stock trader.

Nutrient-supplement seller Herbalife briefly halted activity in its shares after the revelation, only reopening trading Tuesday afternoon. The company's stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.

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12:31pm

Tue April 9, 2013
Intelligence Squared U.S.

Should We Abolish The Minimum Wage?

Jared Bernstein and Karen Kornbluh, who argued for keeping the minimum wage, celebrate their win in an Intelligence Squared U.S. debate.
Adelaide Mandeville Intelligence Squared U.S.
  • Listen To The Full Audio Of The Debate
  • Listen To The Broadcast Version Of The Debate

In the 75 years since it was introduced, Americans have been arguing over the minimum wage.

Some say government intervention to artificially raise wages lowers demand for workers and interferes with economic freedom — preventing people who would be willing to work for less from getting jobs at all. They argue that the minimum wage especially hurts teenagers and young adults with few or no skills.

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12:26pm

Tue April 9, 2013
Politics

Social Security Will 'Lose Credibility' If We Do Nothing

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, the Louisville Cardinals capped off a dramatic journey through March Madness to take the NCAA men's crown last night. We'll look back on the men's college basketball tournament. We'll look ahead to the women's final. That conversation is just ahead.

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12:14pm

Tue April 9, 2013
The Two-Way

New Data Show Ford Doing Well In Overseas Markets

Originally published on Tue April 9, 2013 1:27 pm

A Ford Focus ST was on display at the 2013 North American International Auto Show in Detroit in January.
Stan Honda AFP/Getty Images

Which Japanese-manufactured car is the world's most popular vehicle? Maybe none of them. It might just be the Ford Focus.

More than a million Focus models were sold worldwide last year, with Toyota's Corolla coming in second. Next was Ford's top-selling F-Series pickup, sold almost exclusively in the U.S. and Canada, according to the marketing firm R.L. Polk.

Still, there's one caveat. As The Wall Street Journal points out:

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5:06am

Tue April 9, 2013
Business

J.C. Penney CEO Johnson Is Forced Out

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with J.C. Penney's revolving door.

(SOUNDBITE OF MUSIC)

GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.

Here's NPR's Wendy Kaufman.

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4:34am

Tue April 9, 2013
Business

Mexico's Magnificent Mangoes

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

All right. If you happen to be listening to this program while having a mango for breakfast, there is a good chance that mango is grown in Mexico. Our neighbor to the south says it is now the world's largest exporter of fresh mangos.

India still reigns king in exports of mango products, but as NPR's Carrie Kahn reports, Mexican mangos are now grown at an astonishing rate and the American market is the main target.

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4:34am

Tue April 9, 2013
Economy

Margaret Thatcher's Economy

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. Steve Inskeep is in Venezuela, reporting this week on that country's presidential election, and he'll be on the program tomorrow. I'm David Greene.

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