Business

10:08am

Fri February 1, 2013
Planet Money

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report

Originally published on Fri February 1, 2013 1:25 pm

bgottsab Flickr

What's today's big jobs report say?

The U.S. economy lost 2.8 million jobs jobs in January.

What?!

Don't panic. The U.S. economy loses millions of jobs every January, in good times and bad, largely because tons of seasonal holiday jobs always wind down after Christmas.

So if you set aside the normal, seasonal stuff, how is the job market doing?

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8:38am

Fri February 1, 2013
The Two-Way

Unemployment Rate Ticked Up In January; 157,000 Jobs Added

Originally published on Fri February 1, 2013 10:47 am

Job seekers came to the ThistleDown Racino and Horseshoe Casino in Warrensvile Hts., Ohio, last month.
Chuck Crow The Plain Dealer /Landov

(We updated the top of this post at 10:15 a.m. ET.)

The U.S. economy produced several hundred thousand more jobs than previously thought in 2011 and 2012 even as the nation's jobless rate remained stuck at a relatively high level, new data from the Bureau of Labor Statistics show.

While BLS said the unemployment rate ticked up to 7.9 percent in January from 7.8 percent the month before, it also reported that:

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6:28am

Fri February 1, 2013
Business

The Last Word In Business

Originally published on Fri February 1, 2013 1:09 pm

Transcript

RENEE MONTAGNE, HOST:

And now to Google, which is looking for some hackers to ride to the top in an unusual competition. Our last word in business is: pi contest, as in 3.14.

STEVE INSKEEP, HOST:

Three point one four, that's the amount in millions of dollars that Google is offering in what its Podium Hacking Contest. The challenge here is to hack the Google Chrome operating system and expose security flaws.

Travis McCoy is the product manager for Chrome and we asked him why pi.

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6:28am

Fri February 1, 2013
Economy

Latest Jobless Rate Forecast To Hold Steady

Originally published on Fri February 1, 2013 1:09 pm

Transcript

STEVE INSKEEP, HOST:

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

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. More signs today of a slow, slow economic recovery. The Labor Department reports the economy added 157,000 new jobs last month. The unemployment rate ticked up slightly, to 7.9 percent. To tell us what's behind these numbers, we're joined by NPR business correspondent Yuki Noguchi, and also our White House correspondent, Scott Horsley. Good morning to both of you.

YUKI NOGUCHI, BYLINE: Good morning.

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6:09am

Fri February 1, 2013
Business

Justice Department Moves To Block Beer Merger

Originally published on Fri February 8, 2013 10:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with fears of a beer monopoly.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Justice Department has filed a lawsuit to block Anheuser-Busch InBev from buying Grupo Modelo, the brewer of Corona.

As NPR's Ailsa Chang reports, the government says preventing the acquisition is the only way to keep beer prices down.

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6:09am

Fri February 1, 2013
Business

Advertisers Want Eye Balls On Sunday's Super Bowl

Originally published on Mon February 4, 2013 8:59 am

Transcript

STEVE INSKEEP, HOST:

Something tells me a few people may be hoisting a few cold ones on Sunday. One hundred ten million people are expected to tune into the Super Bowl then. And, of course, it's not just the game that attracts people, it's also the ads. Viewers who watched the 1984 Super Bowl may not recall who won the game, but they may well remember the ad that Ridley Scott directed for Apple. And you may not recall very many plays from last year's Super Bowl, but I bet you heard about the Chrysler ad starring Clint Eastwood.

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3:47am

Fri February 1, 2013
Author Interviews

Netflix Moves Back Into Content Production With 'Cards'

Originally published on Tue February 12, 2013 11:26 am

Justin Sullivan Getty Images

Netflix customers will soon have a new option: Along with the company's usual offerings, viewers will be able to watch a new show called House of Cards, a political drama adapted from a British show, and starring Kevin Spacey. David Fincher (known for The Social Network and Seven) will direct the first two episodes. But what's new about House of Cards is that all 13 episodes will be available at once — and they were financed by Netflix itself.

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3:38am

Fri February 1, 2013
Planet Money

An International Battle Over One Of The Most Boring Things In Finance

Originally published on Tue February 12, 2013 11:26 am

Jeremy O'Donnell Getty Images

This week saw the end of a years-long, international, multi-billion-dollar battle over one of the most boring things in finance: savings accounts.

At the center of the battle was Iceland, a tiny country where the banks grew into international behemoths during the credit bubble.

The banks got so big partly by convincing foreigners to open up online savings accounts. In particular, lots of people in England and Netherlands opened up "ICESAVE accounts" with a bank called Landsbanki. During the financial crisis, the bank collapsed.

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5:36pm

Thu January 31, 2013
Business

Fishermen Worry Cod Limits Could Put Them Out Of Business

Originally published on Thu January 31, 2013 7:55 pm

Transcript

AUDIE CORNISH, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News.

Making a living in commercial fishing in the Northeast has gotten tougher with each passing year. Now, regulators have announced strict new limits on the amount of cod fishermen can haul in from Massachusetts to Maine. It's part of an effort to rebuild severely depleted fish stocks.

As Maine Public Radio's Jay Field reports, some fishermen worry the new restrictions may finally put them out of business for good.

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3:14pm

Thu January 31, 2013
All Tech Considered

What's Next, A Patent For The Lines Around Apple Stores?

Originally published on Thu January 31, 2013 3:18 pm

Apple has trademarked its minimalist store design.
U.S. Patent and Trademark Office

Officially as of last week, there's nothing quite like Apple's stores. After an array of patents of its products, Apple has decided to go whole hog and trademark its minimalist store design. The trademark was approved by the U.S. Patent and Trademark Office on Jan. 22, Reuters reported.

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