Business

5:18am

Tue April 2, 2013
Around the Nation

In Bankruptcy, Stockton Must Decide Pension Issue

Originally published on Tue April 2, 2013 6:04 am

Transcript

STEVE INSKEEP, HOST:

A federal judge has ruled that Stockton, California, may enter into bankruptcy proceedings. That opens the way for Stockton to become America's largest bankrupt city. The population there is 300,000, bigger than Cincinnati, Newark, New Jersey or St. Paul, Minnesota. NPR's Richard Gonzalez reports that others cities share Stockton's problems.

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3:23am

Tue April 2, 2013
Financial Basics For Baby Boomers

Deciding The Right Time To Claim Social Security

Originally published on Tue April 2, 2013 8:45 am

The importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.
iStockphoto.com

When it comes to claiming Social Security benefits, there is no magic age. Today's boomers can begin collecting full benefits at 66, tap in early for a modified benefit at 62 or delay receiving benefits until 70.

But the importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.

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3:22am

Tue April 2, 2013
Law

States Propose Crackdowns On Copper Theft

Originally published on Tue April 2, 2013 8:59 am

Everything from telephone wire to plumbing is a target for copper thieves, and lawmakers in nearly half the states are considering legislation aimed at making it harder to sell the stolen metal.
iStockphoto.com

The price of copper remains at near historic highs, and that means so, too, does the amount of copper getting stolen.

Everything from telephone wire to plumbing is a target, and lawmakers in nearly half the states are considering legislation aimed at making it harder for thieves to sell the stolen metal.

James City County in southeastern Virginia has seen a spate of recent copper thefts. Maj. Steve Rubino with the county police department says there have been six major incidents since January.

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5:17pm

Mon April 1, 2013
Technology

Tech Week Ahead: Rumors Of A Facebook Phone

Steve Henn looks at this week's technology news, including a possible Facebook phone announcement on Thursday and a nod to the multiple April Fools' Day jokes on the Internet.

5:17pm

Mon April 1, 2013
Business

Electric Car Company Posts Its First Profit While Another May File For Bankruptcy

Two startup automakers with big ambitions for electric vehicles appear to be headed in different directions. Luxury plug-in hybrid maker Fisker has hired a law firm to advise it on a possible bankruptcy, according to multiple published reports. Electric car maker Tesla announced on Monday that it expects to turn its first ever profit in the first quarter.

5:11pm

Mon April 1, 2013
Economy

Stockton Bankruptcy Case Defers Decision On Pensions

Originally published on Mon April 1, 2013 8:41 pm

An aging sign at City Hall in Stockton, Calif. A judge has ruled that the city is eligible for federal bankruptcy protection.
Justin Sullivan Getty Images

U.S. Bankruptcy Judge Christopher Klein ruled Monday on the most important question facing Stockton, Calif. — whether it could enter into federal bankruptcy protection.

Klein agreed that the city is, in fact, broke.

But he didn't decide the question of whether the city must renegotiate its pension obligations, as some of its creditors had hoped.

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4:55pm

Mon April 1, 2013
The Two-Way

Hard Times At Apple: Apology To China Comes As Stock Slides

People line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing.
Andy Wong AP

In an unusual move on Monday, Apple CEO Tim Cook apologized to Chinese customers over the company's warranty policy and vowed to improve customer service in the country.

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2:36pm

Mon April 1, 2013
The Two-Way

Electric Car Maker Tesla Will See First Quarterly Profit

Originally published on Mon April 1, 2013 2:57 pm

A Tesla Model S drives outside the Tesla factory in Fremont, Calif., on June 22. The electric car was named Automobile of the Year by Automobile Magazine and Car of the Year by Motor Trend.
Paul Sakuma AP

Tesla Motors, the car company on a mission to change the auto industry, announced late Sunday that it's finally turning a profit this quarter.

The company said it will deliver 4,750 of its flagship Model S, its much-lauded four-door, luxury sports sedan. That amount exceeds its earlier estimates of 4,500 cars sold this quarter.

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11:47am

Mon April 1, 2013
The Two-Way

Patent Ruling In India Could Boost Exports Of Cheap Medicine To Third World

Originally published on Mon April 1, 2013 5:17 pm

A Novartis office in Mumbai, India.
Divyakant Solanki EPA /LANDOV

A decision by India's Supreme Court to reject Novartis AG's bid to patent a version of one cancer drug could lead to more exports of cheap medicine from that country to "poor people across the developing world," the BBC writes.

NPR's Julie McCarthy tells our Newscast Desk that the ruling, announced Monday, ends a six-year legal battle that has been closely watched by pharmaceutical firms, humanitarian aid organizations and generic drug manufacturers.

She adds that:

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4:42am

Mon April 1, 2013
Business

Novartis Loses Patent Battle In India

Originally published on Fri April 5, 2013 8:50 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a patent ruling that may affect millions.

(SOUNDBITE OF MUSIC)

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