Business

7:12pm

Tue March 26, 2013
All Tech Considered

After Yahoo Acquires Summly, Is Buying Math The Next Tech Bubble?

Originally published on Tue March 26, 2013 7:17 pm

Nick d'Aloisio displays his mobile application Summly, which Yahoo recently purchased for a reported $30 million. But the Internet company is killing the app and integrating the algorithm that drives it into its own technology.
Matt Dunham AP

The news of Yahoo's purchase of Summly, the news-summarizing app created by 17-year-old British wunderkind Nick D'Aloisio, rippled through the news world on Tuesday.

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4:56pm

Tue March 26, 2013
Technology

Yahoo Buys News App From British Teenager For A Reported $30 Million

Originally published on Wed March 27, 2013 5:58 pm

Transcript

AUDIE CORNISH, HOST:

A British teenager has sold his mobile application to Yahoo for a reported $30 million. Seventeen-year-old Nick D'Aloisio created his app called Summly when he was only 15. As NPR's Jeff Brady reports, the teen will now go to work for Yahoo.

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4:56pm

Tue March 26, 2013
Around the Nation

Feds Ban Banks From Charging Homeowners Fees On 'Forced Insurance'

Originally published on Wed March 27, 2013 5:58 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

Federal regulators are taking aim at a practice they say is forcing millions of struggling homeowners to pay higher insurance premiums. The Federal Housing Finance Agency issued an order today. It bars banks from charging lucrative fees and commissions on so-called lender-placed insurance policies. NPR's Jim Zarroli explains.

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4:56pm

Tue March 26, 2013
Same-Sex Marriage And The Supreme Court

'It's Bad For Business': Employers Side With DOMA Opponents

Originally published on Wed March 27, 2013 5:58 pm

Starbucks is among the companies that have filed a brief against the Defense of Marriage Act, being challenged at the Supreme Court on Wednesday.
Drew Angerer Getty Images

On Wednesday, the U.S. Supreme Court will hear a challenge to the Defense of Marriage Act — the federal law that defines marriage as between a man and a woman. And among those asking the justices to strike it down is a broad cross section of corporate America.

Nearly 300 companies have filed a brief arguing that the law — called DOMA for short — hits them where it counts: their bottom lines.

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11:32am

Tue March 26, 2013
Money Coach

Trillions Earned Under Table As More Work Off Radar

Originally published on Mon April 8, 2013 3:01 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, the day when white people no longer make up the majority of the American population is coming, and coming a lot faster than initially predicted. Today, we are going to look at how the browning of the nation could lead to a real divide between the older, white minority and a younger, growing, brown majority. We'll start the conversation about what that might mean for the country's future. That's ahead this hour.

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11:05am

Tue March 26, 2013
The Two-Way

Head Of Bank Of Cyprus Quits After Appointment Of Special Administrator

Originally published on Tue March 26, 2013 2:56 pm

Students in the Cypriot capital, Nicosia, protest against austerity measures in front of the presidential residence.
Milos Bicanski Getty Images

The chairman of the Bank of Cyprus abruptly stepped down after a special administrator was appointed to oversee its restructuring in the wake of a painful bailout of the island nation by international lenders.

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9:29am

Tue March 26, 2013
The Two-Way

Home Prices Rose Again In January

Originally published on Tue March 26, 2013 12:07 pm

A newly built home in San Diego.
Mike Blake Reuters /Landov

The housing recovery continues:

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9:10am

Tue March 26, 2013
The Two-Way

Police: Berezovsky's Death 'Consistent With Hanging'

Originally published on Tue March 26, 2013 12:39 pm

Boris Berezovsky outside a London court in August.
Warrick Page Getty Images

Boris Berezovsky, the exiled Russian tycoon whose body was found at his U.K. home over the weekend, died from hanging in an apparent suicide, British authorities now say.

"The results of the postmortem examination, carried out by a Home Office pathologist, have found the cause of death is consistent with hanging," the Thames Valley Police said in a statement Tuesday, adding that there were no signs of a violent struggle.

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6:45am

Tue March 26, 2013
Europe

Rich Russians Hurt By Cyprus Bank Bailout

Originally published on Tue March 26, 2013 9:57 am

Cyprus has reached a bailout with the European Union. One of the hardest hit groups in this deal is super wealthy Russians. David Greene talks to professor Alena Ledeneva of University College London about the culture of the ultra rich in Russia, and the role they played in Cyprus' economy.

5:39am

Tue March 26, 2013
Business

Business News

Originally published on Tue March 26, 2013 9:57 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with some tough luck in Atlantic City.

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