Business

6:26am

Tue February 5, 2013
Business

Reports: Dell To Become Private Company

Originally published on Tue February 5, 2013 1:56 pm

A $24.4 billion buyout that would take computer maker Dell private was announced Tuesday. The group negotiating to buy the company includes private equity firm Silver Lake, Microsoft and Dell's founder Michael Dell.

6:26am

Tue February 5, 2013
Business

S&P To Face Fraud Suit Over Mortgage-Backed Securities

Originally published on Tue February 5, 2013 1:47 pm

Transcript

STEVE INSKEEP, HOST:

The U.S. Justice Department plans to file a civil suit this week accusing the credit rating company Standard and Poor's of fraud. Standard and Poor's is the company that famously downgraded U.S. debt in 2011. This investigation focuses on S and P's actions before the financial crisis. The civil action accuses S and P of fraudulently inflating the ratings of mortgage investments, setting them up for the crash that lead to the great recession. The investigation is the focus of today's Business Bottom Line, and here's NPR's Jim Zarroli.

Read more

6:26am

Tue February 5, 2013
Business

FCC Proposes Public WiFi Network

Originally published on Tue February 5, 2013 1:47 pm

Transcript

RENEE MONTAGNE, HOST:

The federal government has proposed an ambitious plan to build public WiFi networks throughout the country. The idea is to boost innovation and make the Internet cheaper and more accessible.

STEVE INSKEEP, HOST:

The Federal Communications Commission wants to do this by acquiring wireless spectrum from television broadcasters, including certain airwaves and set them aside for public use.

Read more

6:26am

Tue February 5, 2013
Business

The Last Word In Business

Originally published on Tue February 5, 2013 1:47 pm

Transcript

STEVE INSKEEP, HOST:

And our last word in business is: America's pizza crisis solved.

For decades, Pizza Hut has been researching ways to improve the flawed pizza consumption process. Until recent years, Americans were forced to hold the slice two-handed, you know, with the finger up under the point, or fold it in half like Spike Lee in "Do the Right Thing." Pizza Hut has never felt that was good enough, and they're trying for something better.

RENEE MONTAGNE, HOST:

Read more

6:26am

Tue February 5, 2013
Business

Business News

Originally published on Tue February 5, 2013 1:47 pm

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with a slip for BP.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

The British oil company, BP, announced its 4th quarter earnings today, and its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.

Read more

3:22am

Tue February 5, 2013
U.S.

One-Way Tickets To Florida: Puerto Ricans Escape Island Woes

Originally published on Tue February 5, 2013 6:09 pm

Miguel Fontanez Sr., the owner and founder of Pioco's Chicken in Kissimmee, Fla., serves customers at his restaurant. He opened the restaurant 11 years ago, and it has become a hub for the area's large Puerto Rican community.
John W. Poole NPR

Puerto Rico's population is dropping. Faced with a deteriorating economy, increased poverty and a swelling crime rate, many citizens are fleeing the island for the U.S. mainland. In a four-part series, Morning Edition explores this phenomenon, and how Puerto Rico's troubles are affecting its people and other Americans in unexpected ways.

Read more

5:55pm

Mon February 4, 2013
Business

How One Company Reinvented The Hand Dryer

Originally published on Tue February 5, 2013 4:52 pm

Craig McCarl dips Xlerator covers two at a time into a chrome bath. He has worked for Excel Dryer in East Longmeadow, Mass., for 31 years.
Andrea Hsu NPR

There's a lot of talk in politics about the desirability of American manufacturing and "green" jobs. President Obama talks about both often, especially wind turbines and long-lasting batteries that are made on U.S. soil.

Robert Siegel, host of All Things Considered, recently visited a Massachusetts factory that makes a product that hits those same parameters. It's arguably a force for sustainability, nearly 40 Americans assemble it, and it's an interesting case study in innovation: the high-speed hand dryer.

'We Had A Product People Hated To Use'

Read more

2:54pm

Mon February 4, 2013
The Two-Way

Reports: U.S. Plans To Sue S&P Over Mortgage Bonds Ratings

Originally published on Mon February 4, 2013 3:01 pm

A sign for Standard & Poor's rating agency stands in front of the company headquarters in New York.
Emmanuel Dunand AFP/Getty Images

The United States and some states are planning to sue Standard & Poor's Ratings Services over what they say were the faulty ratings of mortgage bonds leading up to the 2008 financial collapse.

The Wall Street Journal broke the news citing "people familiar with the matter," and The New York York Times is pinning its reporting on S&P, which tells the newspaper it is expecting a lawsuit.

Read more

2:36pm

Mon February 4, 2013
Planet Money

Health Care Spending In America, In Two Graphs

Lam Thuy Vo / NPR

Spending on health care has, of course, been rising in the U.S. for decades. Health care now accounts for 18 cents of every dollar Americans spend, up from 7 cents in 1970.

But where, exactly, is all that money going? And, for that matter, where is the money coming from to pay for all that health care? We found answers to both of these questions in this data set.

Read more

1:46pm

Mon February 4, 2013
The Two-Way

'Meaningful' Ads Stood Out As Super Bowl Favorites

Originally published on Mon February 4, 2013 4:55 pm

Budweiser's Super Bowl spot won top favorite among many.
Budweiser YouTube

The Super Bowl XLVII TV ads told viewers they love animals, laughs and America.

Read more

Pages