Business

8:40am

Mon March 18, 2013
The Two-Way

Cyprus Bailout To Hit Depositors, Sends Shivers Through Markets

Originally published on Mon March 18, 2013 6:08 pm

Take the money and run: An ATM in the Cypriot capital Nicosia on Sunday.
Hasan Mroue AFP/Getty Images

A vote in Cyprus on whether to approve a controversial bailout plan has been postponed after the prospect of the deal caused bank customers to rush to withdraw their savings and drew the ire of overseas depositors.

As NPR's Krishnadev Calamur wrote in a post over the weekend: "The money [is] needed because Cyprus' banks lost 4.5 billion euros on their Greek bond holdings, which were written down last year after Greece's second bailout."

Read more

4:06am

Mon March 18, 2013
Business

The Last Word In Business

Originally published on Mon March 18, 2013 12:38 pm

Transcript

RENEE MONTAGNE, HOST:

If some of your co-workers seem distracted today - well, it's not any old Monday - huh, Steve?

STEVE INSKEEP, HOST:

I'm sorry, Renee. We're you saying something? I was busy filling out an NCAA Tournament bracket here. Our last word in business, as a matter of fact, is about that. It's lost productivity.

Read more

4:06am

Mon March 18, 2013
Business

EU Bailout Tax Sparks Bank Run In Cyprus

Originally published on Tue March 19, 2013 10:08 am

Transcript

STEVE INSKEEP, HOST:

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

RENEE MONTAGNE, HOST:

Read more

4:06am

Mon March 18, 2013
Business

Court To Sentence AT&T Hacker Andrew Auernheimer

Originally published on Mon March 18, 2013 12:38 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a hacking sentence.

(SOUNDBITE OF MUSIC)

MONTAGNE: This morning, a federal court in New Jersey is scheduled to sentence Andrew for his much-publicized exposure of a security flaw on AT&T's iPad service. That was back in 2010.

As NPR's Martin Kaste reports, the sentencing of Andrew Auernheimer will be closely watched by those who believe federal prosecutors have become overly zealous about punishing certain kinds of hackers.

Read more

3:21am

Mon March 18, 2013
Business

U.S. Probes Abuse Allegations Under Worker Visa Program

Originally published on Mon March 18, 2013 12:38 pm

Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.
Jess Jiang NPR

A group of foreign college students who came to the U.S. on cultural work exchange visas in December have been protesting their working conditions at a McDonald's in Harrisburg, Pa. In the process, they've wading into a debate about guest workers in the U.S.

The students include Jorge Rios, who says three months ago he eagerly did the legwork necessary to get a J-1 visa, used for student work exchange.

Read more

6:21pm

Sun March 17, 2013
Business

Craft Brews Slowly Chipping Away At Big Beer's Dominance

Originally published on Wed March 20, 2013 1:36 pm

Craft beers for sale in Chicago. Craft beer has about a 6 percent market share in the U.S. beer market, which is dominated by Anheuser-Busch InBev and MillerCoors.
Scott Olson Getty Images

America loves beer.

In the U.S., we drink $200 billion worth of the hops-brewed libation annually. What many Americans might not know is that most domestic beer, 90 percent in fact, is dominated by just two companies: Anheuser-Busch InBev and MillerCoors.

Read more

5:55am

Sun March 17, 2013
The Salt

Yogurt For Men: A Review

Originally published on Wed March 20, 2013 12:44 pm

That's pronounced "Man, Go!"
NPR

Last week on Wait, Wait... Don't Tell Me, we talked about a new yogurt for men, or brogurt, from a company called Powerful Yogurt. Here's what our panelist, comedian Jessi Klein, had to say about it:

Read more

5:14am

Sat March 16, 2013
The Salt

Wine Revolution: As Drinkers And Growers, U.S. Declares Independence

Originally published on Sat March 16, 2013 12:46 pm

The vineyard at Round Pond Estate in Rutherford, Calif. Napa Valley is just one of wine-growing regions across the country.
Eric Risberg AP

A curious shift has happened in global wine-drinking trends: Americans have overtaken the French and Italians, Europe's traditional lovers of the fruits of the vine, as the world's top wine market.

And it's not just wine drinking that's taken off stateside: U.S. wine production is also on the rise.

Read more

5:39pm

Fri March 15, 2013
Law

Hedge Fund To Pay More Than $600 Million In Insider Trading Settlement

Transcript

MELISSA BLOCK, HOST:

The Securities and Exchange Commission says it's the largest settlement in history for insider trading. Two affiliates of the major hedge fund SAC Capital Advisors will pay a fine of more than $600 million. But they're not admitting to any wrongdoing. Here's NPR's Dan Bobkoff.

Read more

5:39pm

Fri March 15, 2013
Business

JPMorgan Chase Exec Says She Was Misled About Risks With 'London Whale' Trades

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Senior executives at JPMorgan Chase appeared on Capitol Hill today. They were asked by a Senate subcommittee to explain how the firm lost more than $6 billion last year in a failed hedging strategy. The testimony comes one day after the subcommittee released a report saying the bank misled regulators and the public about the size of the losses. NPR's Jim Zarroli tells us more.

Read more

Pages