NPR's business news starts with begins with a corruption case in India.
India has dispatched investigators to Italy to examine allegations of kickbacks, kickbacks involving a $700 million defense deal. The case involves the sale of a dozen helicopters to India from one of Italy's largest industrial groups.
From New Delhi, NPR's Julie McCarthy has more on a case that's rattling the Indian government.
One of the country's most famous magazines - the 91-year-old Reader's Digest - is filing for bankruptcy for the second time in less than four years. The digest originally offered just what the title promises - short versions of stories that had appeared in other publications. Now, it's filled with perky consumer news you can use, as well as a long-running advice columns, puzzles and jokes. Reader's Digest claims it still has 26 million readers worldwide, but the magazine's revenue took a big hit last year from falling sales overseas.
Many people think 3-D printing could help spark a manufacturing renaissance in the U.S. — even President Obama highlighted this technology in his State of the Union address last week.
But as 3-D printers and 3-D scanners get cheaper, this nascent industry could be roiled by battles over intellectual property.
Not so long ago, a good 3-D scanner that could create accurate digital models of objects in the real world cost more than $10,000. Then, Microsoft released the Kinect — the video game controller that allows you to play games by just waving your hands.
If you usually wait until April to file your taxes, you might want to hurry up — before identity thieves beat you to it. Using stolen names and Social Security numbers, these criminals file fake tax returns with false wage and withholding information. This generates big — and fraudulent — refunds, before the real taxpayer gets around to filing.
The Internal Revenue Service says it's busy working to combat what prosecutors call a fraud epidemic.
Most taxpayers don't have any idea something is wrong until they hit the send button on their taxes and get an error message.
Three years of spiraling economic crisis in Greece have devastated every sector of the economy. The Greek media are among the hardest hit. Many newspapers and TV outlets have closed or are on the verge, and some 4,000 journalists have lost their jobs.
Many people believe the country's news media have failed to cover the crisis — and lost credibility along the way. And many Greek journalists acknowledge that a massive conflict of interest sooner or later had to explode.
Originally published on Mon February 18, 2013 7:22 am
Big in the 90s, the Tamagotchi is a handheld digital device that's a robotic pet. Owners press certain buttons to feed it, to play with it and get it medical attention. If neglected, the digital pet dies. The company is releasing a new breed of pet — a mobile app.
A meeting of finance ministers from the 20 leading industrial and developing nations wrapped up over the weekend in Moscow. The nations agreed to not to target the exchange rates of their respective currencies amid concerns that competitive devaluation could spark a currency war.
Originally published on Sun February 17, 2013 2:08 pm
By Krishnadev Calamur
The White House and congressional Democrats are sounding the alarm bells over the consequences of the sequester, the across-the-board cuts to the budget that are scheduled to go into effect in March.
White House Chief of Staff Denis McDonough said the cuts would offset "pretty good" economic activity over the past few months. He said President Obama had a plan to cut an addition $1.5 trillion from the deficit.
From the steam engine to visions of a national high-speed rail system, railroads have made their mark on American culture.
In his first term, President Obama promised to create a national system of high-speed rail, though he was scarcely the first politician to have done so. The January 2010 stimulus bill allocated $8 billion for high-speed rail projects, but Congress rejected federal funding for it.
In his State of the Union address on Tuesday, the president reiterated the goal of having passenger rail rise again.