Business

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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4:42am

Mon April 1, 2013
Business

The Last Word In Business

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

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is one of this year's contenders for highest profile April Fools joke.

The video-sharing website YouTube announced yesterday it's shutting down.

DAVID GREENE, HOST:

In a video message, YouTube executives said that the whole site was actually designed as an eight-year contest to find the best video on the web. Well, eight years are up. And now panel of experts, the company said, will spend the next decade watching everything uploaded on the site to choose a winner.

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3:23am

Mon April 1, 2013
Business

EPA's Push For More Ethanol Could Be Too Little, Too Late

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

A decal advertising E85 ethanol is displayed on a pump at a gas station in Johnston, Iowa.
Justin Sullivan Getty Images

The U.S. Environmental Protection Agency could soon issue a final ruling that aims to force oil companies to replace E10, gasoline mixed with 10 percent ethanol, with E15.

This move could come just as widespread support for ethanol, which is made from corn, appears to be eroding.

Mike Mitchell was once a true believer in ethanol as a homegrown solution to foreign oil imports. He owns gas stations, and he went further than most, installing expensive blender pumps that let customers choose E15, E20 and all the way up to E85.

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3:19am

Mon April 1, 2013
Arts & Life

'A Lovely Feeling': Celebrating Older Women With Fabulous Style

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

Ilona Royce Smithkin, 93, cut her red hair to make her eyelashes.
Courtesy of Ari Seth Cohen

The fashion industry is sometimes criticized for unrealistic portrayals of young women. But if you're a woman older than 60, there are almost no portrayals, realistic or otherwise. Fashion may be something you have to invent more than follow. A blog called Advanced Style focuses on women who've done just that.

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7:34am

Sun March 31, 2013
The Two-Way

Cause Of Exxon Oil Spill In Arkansas Under Investigation

Originally published on Sun March 31, 2013 3:18 pm

Authorities are investigating what caused an Exxon Mobil pipeline to rupture in Mayflower, Ark., Friday. The oil spill caused 22 homes to be evacuated, according to an Exxon statement.

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5:40pm

Sat March 30, 2013
Business

How Samsung Became An Industry Giant

Originally published on Sat March 30, 2013 6:25 pm

Transcript

LAURA SULLIVAN, HOST:

If you're just joining us, you're listening to WEEKENDS on ALL THINGS CONSIDERED from NPR News. I'm Laura Sullivan.

Quick trivia question: Name a global superpower technology company, that is the world's biggest seller of smartphones headed by a charismatic CEO surrounded by a cult of personality. I'm guessing most of you just said Apple, right? You would be wrong. The answer is Samsung.

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