Business

2:59am

Fri March 1, 2013
Business

Stay-At-Home Workers Defend Choice After Yahoo Ban

Originally published on Fri March 1, 2013 1:51 pm

Yahoo's sweeping edict against telecommuting has been felt as a personal attack by some of the two-thirds of Americans who regularly work from home.

Lawyer Shannan Higgins of Washington, D.C., finds one line of the company memo outlining the policy change particularly offensive: "Speed and quality are often sacrificed when we work from home."

For nearly a decade, Higgins has worked one day a week from the basement office in her rowhouse, where she takes pride in her work and is obsessed with efficiency.

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6:32pm

Thu February 28, 2013
The Two-Way

Two For One: Groupon Replaces CEO Mason With Board Members

Originally published on Fri March 1, 2013 6:48 am

Andrew Mason, a co-founder of Groupon, has been ousted by the company's board, one day after a disappointing earnings report. Here, he's seen at a 2012 conference in Germany.
Johannes Simon Getty Images

Hear Laura Sydell's report for Morning Edition by clicking the audio link.

Groupon co-founder Andrew Mason has been fired as the daily-deal company's CEO, one day after Groupon posted financial results that showed it lost $67.4 million during 2012. Board chairmen Eric Lefkofsky and Ted Leonsis will jointly fill the CEO post on an interim basis.

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6:01pm

Thu February 28, 2013
Business

Texas Study Points To A Longer Natural Gas Boom

Originally published on Thu February 28, 2013 6:59 pm

A natural gas drilling rig just east of downtown Fort Worth, Texas. A new decade-long study finds the region's Barnett Shale formation has sufficient gas reserves to last another 25 years.
David Kent MCT/Landov/Fort Worth Star Telegram

There are few things in life more joyful than discovering a giant oil or natural gas field in Texas. You're suddenly rich beyond your wildest dreams. When the scope and size of the natural gas reservoir in the Barnett Shale in North Texas first became apparent, there were predictions that the find would last 100 years.

Well, that was over the top. But University of Texas geology professor Scott Tinker, who designed and authored a new study of the Barnett Shale, says there's still a lot of gas down there, even after a decade of drilling.

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5:33pm

Thu February 28, 2013
The Two-Way

The Pope Emeritus' New Shoes And The Mexican Man Who Makes Them

Originally published on Fri March 1, 2013 8:42 am

Armando Martin Dueñas shows replicas of the hand-crafted loafers given to Pope Benedict XVI.
Alfredo Valadez AP

As Pope Benedict XVI left the Vatican and his papacy, he slipped out of his trademark red shoes and put on a pair of Mexican leather loafers. The shoes, actually three pairs, two burgundy and one brown, were a gift to the Pope during his trip last year to Mexico.

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2:29pm

Thu February 28, 2013
Around the Nation

After The Spill: The Environment And Economy Of The Gulf

Originally published on Thu February 28, 2013 2:30 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. This week the federal government and Gulf Coast states took BP and its contractors to court seeking billions in civil damages for the disaster that began almost three years ago now, with the explosion of the Deepwater Horizon oil rig. Some call it the trial of the century.

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2:17pm

Thu February 28, 2013
Around the Nation

On Heels Of Sequestration, The Business Of Spending Cuts

Originally published on Thu February 28, 2013 4:56 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. The metaphors become unbearably trite: the debt ceiling; the fiscal cliff and now the meat cleaver of the sequestration. Details are important, we'll get to those in a moment, but underlying the repeated rounds of budgetary crisis, lies a deeper political paralysis.

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1:57pm

Thu February 28, 2013
It's All Politics

Federal Gay Marriage Ban Hurts The Bottom Line, Businesses Argue

Originally published on Thu February 28, 2013 3:13 pm

Starbucks is among the companies urging the Supreme Court to strike down the federal government's ban on recognizing same-sex marriages.
Karen Bleier AFP/Getty Images

After years of legal wrangling, the Defense of Marriage Act — the law that prevents the federal government from recognizing marriage as anything but a "legal union between one man and one woman" — comes before the Supreme Court next month.

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1:05pm

Thu February 28, 2013
The Two-Way

Chrysler Plans To Add 1,250 Jobs, Invest $374 Million In Indiana

Chrysler's 2014 Jeep Grand Cherokee.
Mandi Wright/Detroit Free Press MCT /Landov

There's major business news in Indiana today:

"Chrysler will hire 1,250 new workers and spend $374 million to upgrade transmission plants in central Indiana — the only place in North America where the automaker makes transmissions," the Detroit Free Press reports from Kokomo.

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12:38pm

Thu February 28, 2013
The Two-Way

China Accuses U.S. Of Hacking Military Sites

Originally published on Thu February 28, 2013 1:33 pm

China's answer to accusations of cyber-espionage against the U.S.? The Americans are doing it to us, too.

Barely a week after a report from security firm Mandiant that an arm of the People's Liberation Army was behind the theft of "hundreds of terabytes" of data from U.S. companies, China's Defense Ministry said Thursday that U.S. hackers were penetrating Chinese military websites.

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12:19pm

Thu February 28, 2013
Europe

U.S. Boss Offers Blunt Critique; French Workers Give Fiery Response

Originally published on Fri March 1, 2013 8:01 pm

French workers burn tires outside the Goodyear tire factory in Amiens, France, on Tuesday, after Titan CEO Maurice Taylor criticized French workers in a letter addressed to Industrial Renewal Minister Arnaud Montebourg.
Eleanor Beardsley NPR

The battle between an American capitalist and a French socialist official has prompted chuckles — and heated debate — on both sides of the Atlantic. The exchange highlights some humorous stereotypes and reveals real differences between the economic cultures of France and the United States.

A leaked letter from Maurice Taylor, CEO of the Illinois-based Titan tire company, ignited the controversy. In it, Taylor, regarded by the French as a hardcore capitalist, addressed Arnaud Montebourg, France's flamboyant, leftist industrial renewal minister.

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