Business

5:42am

Fri February 22, 2013
Politics

Obama To Urge Japan To Join Trans-Pacific Partnership

Originally published on Fri February 22, 2013 6:26 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Japanese visit to the White House.

Japan's Prime Minister Shinzo Abe will meet with President Obama at the White House today. For Abe, the primary focus of the summit is re-vitalizing Japan's security alliance with the United States in the face of the threat from North Korea as well as tensions between Japan and China.

But as NPR's John Ydstie reports, the leaders will also discuss economic issues.

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5:42am

Fri February 22, 2013
Business

The Last Word In Business

Originally published on Wed February 27, 2013 3:33 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Oscar swag.

On Sunday, nominees who do not win an Academy award will nevertheless take home about $47,000 worth of consolation gifts - which sounds like a lot, but in 2010 the swag was worth a lot more - more than $90,000.

LINDA WERTHEIMER, HOST:

This year, goodies include trips to places like Australia, Hawaii and Mexico. The gift bags may also include such useful items as hand illustrated tennis shoes, portion controlled dinnerware, and a book by Leeza Gibbons.

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3:46am

Fri February 22, 2013
Planet Money

At A Trade Show, Power Tools Fit For The Amish

Originally published on Fri February 22, 2013 9:59 pm

Robert Smith / NPR

The Buckeye Tool Expo in Dalton, Ohio, is held in a massive hall filled with bearded men in black hats and women in white bonnets. A few horses and buggies are tied up outside.

The Amish have chosen to forgo many of the delights of the modern world, but they still need to drill, sand and cut wood. This trade expo shows off all the loopholes that let the Amish get their hands on power tools.

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3:24am

Fri February 22, 2013
Crisis In The Housing Market

In Miami, A New Condo Boom Revives Hopes Of Housing Recovery

Originally published on Fri February 22, 2013 8:07 am

Brickell CityCentre is a new project that includes retail, offices and two condo towers. In all, some 19 condo towers are going up in downtown Miami, just seven years after the housing market crash.
Greg Allen NPR

Here's a headline that may sound familiar: Miami is in the middle of a condo boom.

Just seven years ago, Miami had a similar surge in condo construction. But it all came crashing down. There was an international banking crisis, and the Florida real estate bubble burst — taking down investors and many developers.

But new towers are once again reshaping the city's skyline.

Peter Zalewski, a real estate consultant with Condo Vultures, says 19 condo towers are now in the works in Miami, with 7,000 total units.

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5:47pm

Thu February 21, 2013
Business

Native American Tribes Venture Out Of Casino Business

Originally published on Fri February 22, 2013 10:26 am

The Mille Lacs Band says it'€™s putting profits from its casinos into a hotel venture in downtown St. Paul, Minn. The move is to diversify the tribe'€™s business.
Conrad Wilson Minnesota Public Radio

Nearly half of all Native American tribes across the country are benefiting from casinos and other gaming revenues. For most, it's their largest source of income. But growing threats to that revenue due to competition from non-Indian gaming are forcing many tribes to look for other investment opportunities.

In a dramatic example of that diversification, one group of Native Americans is buying nearly half the hotel rooms in Minnesota's capital.

A Big Business Shift

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5:31pm

Thu February 21, 2013
The Two-Way

Surely Congress Would Know Better Than to Hurt Airlines. No?

Those baggage fees, cramped seats and tiny pretzel bags to the contrary and notwithstanding, airline passengers enjoyed good times in 2012, according to an annual recap from Airlines for America, the industry trade group.

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3:56pm

Thu February 21, 2013
All Tech Considered

Watch Out: Apple Patent Hints At Something For Your Wrist

A drawing from Apple's patent application could give clues to the rumored iWatch device.
U.S. Patent and Trademark Office

The rumor mill has been churning out speculation about what's next from Apple.

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3:10pm

Thu February 21, 2013
The Salt

One In Three Fish Sold At Restaurants And Grocery Stores Is Mislabeled

Originally published on Mon February 25, 2013 12:24 pm

Escolar, right, is often substituted for more expensive Albacore tuna (left), a report on mislabeled seafood found.
Yoon S. Byun Boston Globe via Getty Images

There are so many fish in the sea. But from a diner's viewpoint, peering down at a sliver of white fish atop a bed of sushi rice, a lot of them look the same.

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2:29pm

Thu February 21, 2013
The Salt

Former Peanut Firm Executives Indicted Over 2009 Salmonella Outbreak

Originally published on Fri February 22, 2013 10:26 am

A sign outside the Peanut Corp. of America's processing plant in Blakely, Ga.
Ric Feld AP

Four former executives from Peanut Corp. of America and a related company are facing federal criminal charges for covering up information that their peanut butter was contaminated with salmonella bacteria.

The charges are related to a nationwide outbreak of salmonella back in 2009. More than 700 people became ill, and federal investigators traced the source of the bacteria to peanut butter manufactured in Blakely, Ga., by the Peanut Corp. of America. The company is no longer in business.

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1:31pm

Thu February 21, 2013
The Two-Way

In Wal-Mart's Earnings Report, A Lesson On The Tax Code

A Walmart store in Paramount, Calif. in November of 2012.
Frederic J. Brown AFP/Getty Images

The New York Times points out something rather interesting about an otherwise mundane business story. Wal-Mart's fourth-quarter earnings report tells the tale of how changes in the tax code has both helped corporations and hurt them.

As the Times puts it, during the fourth quarter of last year, "the tax code gave and the tax code took away."

The paper explains:

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