Business

11:40am

Wed January 9, 2013
The Two-Way

Reports: Obama Has Settled On Jack Lew, His Chief Of Staff, For Treasury

Originally published on Thu January 10, 2013 6:46 am

Jack Lew, current White House chief of staff. He's likely to be the nominee for treasury secretary.
Jonathan Ernst Reuters /Landov

Update: At 6 a.m. ET. Jan. 10, White House Announcement:

The White House has officially confirmed that President Obama will nominate his chief of staff, Jacob "Jack" Lew, to be the next Treasury secretary. According to a statement, the announcement is scheduled for 1:30 p.m. ET today (Thursday).

NPR's Scott Horsley had more about the nomination on Morning Edition.

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8:10am

Wed January 9, 2013
The Two-Way

AIG Would Be 'Hard Pressed' To Join Lawsuit Over Its Federal Bailout

Originally published on Wed January 9, 2013 5:00 pm

Manhattan: The headquarters of American International Group Inc. (AIG).
Shen Hong Xinhua /Landov
  • From 'Morning Edition'

Update at 4:50 p.m. ET. AIG Board Confirms Its Stance:

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4:46am

Wed January 9, 2013
Business

Why Consumer Electronics Show Still Matters

Originally published on Wed January 9, 2013 6:43 am

The Consumer Electronics Show opened this week in Las Vegas. It's supposed to give the world a glimpse of what's coming next in technology. But the absence of major consumer-technology companies such as Amazon, Apple and Microsoft, has led some to wonder whether CES still matters.

4:46am

Wed January 9, 2013
Business

Mississippi River Level Disrupts Supply Chain

Originally published on Wed January 9, 2013 6:26 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. Good morning.

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4:46am

Wed January 9, 2013
Business

The Last Word In Business

Originally published on Wed January 9, 2013 7:03 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is Psyper Bowl.

(SOUNDBITE OF SONG, "GANGNAM STYLE")

PSY: Oppan Gangnam style. Gangnam style. Op op op op oppan Gangnam Style.

MONTAGNE: South Korean pop star Psy took YouTube by storm with the viral sensation "Gangnam Style." Now he's setting his sights on the Super Bowl.

STEVE INSKEEP, HOST:

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4:46am

Wed January 9, 2013
Business

Business News

Originally published on Wed January 9, 2013 6:51 am

Alcoa, the biggest aluminum producer in the U.S., has announced it posted a profit of more than $240 million in the last three months of 2012. That's a big improvement from the same quarter the year before when it lost $190 million.

4:46am

Wed January 9, 2013
Business

AIG Considers Joining Greenberg's Bailout Lawsuit

Originally published on Wed January 9, 2013 6:32 am

Insurance company AIG holds a board meeting Wednesday to consider joining former CEO Maurice "Hank" Greenberg's lawsuit against the government over its handling of the AIG bailout in 2008. For more on the suit, Steve Inskeep talks to business reporter Michael de la Merced of The New York Times.

4:46am

Wed January 9, 2013
Business

Target Ratchets Up Retail Price War

Originally published on Wed January 9, 2013 6:26 am

Target says it will match the online prices of Amazon.com and others. Target knows that increasingly consumers are using mobile devices to check prices online as they cruise the aisles. And if the price is better somewhere else, that's where they'll buy it.

4:46am

Wed January 9, 2013
World

U.N. Agency Watches Out For Domestic Workers

Originally published on Wed January 9, 2013 6:35 am

The International Labor Organization, the U.N. agency that deals with labor issues, has released a report on the growing number of domestic workers around the globe, and their lack of legal and worker protections. There are almost 53 million domestic workers and 83 percent are women. They have often been ignored by policy makers.

5:13pm

Tue January 8, 2013
The Two-Way

Fuel Leak At Logan Airport Adds To Trouble For Boeing 787 Dreamliner

Originally published on Tue January 8, 2013 5:44 pm

A Japan Airlines Boeing 787 Dreamliner jet aircraft is surrounded by emergency vehicles while parked at a Terminal E gate at Logan International Airport in Boston on Monday. A small electrical fire filled the cabin of the JAL aircraft with smoke about 15 minutes after it landed in Boston.
Stephan Savoia AP

A fuel leak Tuesday on a Tokyo-bound Japan Airlines flight forced the Boeing 787 Dreamliner aircraft to cancel takeoff and return to the gate at Boston's Logan International Airport. It was the second incident involving a Dreamliner in two days.

Here's how Logan airport described the incident on its Facebook page:

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