Business

5:05am

Thu January 24, 2013
Business

NFL Pressures Indiana Man To Give Up On Trademark

Originally published on Thu January 24, 2013 1:19 pm

Transcript

STEVE INSKEEP, HOST:

OK. Let's turn to a rivalry between siblings. Today's Last Word In Business is Harbowl - or Harbaugh Bowl. An Indiana man tried to trademark those two phrases last year, according to ESPN.com.

RENEE MONTAGNE, HOST:

Roy Fox figured the Harbaugh brothers - both NFL coaches - might someday meet in the Super Bowl. This year, it is happening. Jim Harbaugh's San Francisco 49ers face John Harbaugh's Baltimore Ravens, a week from Sunday.

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5:05am

Thu January 24, 2013
Business

Private Equity Firm To Take Over Dell

Originally published on Thu January 24, 2013 1:19 pm

Transcript

RENEE MONTAGNE, HOST:

Staying in the tech world now, later today Microsoft releases its earnings for the final quarter of 2012. And no matter what the computer software giant announces, it won't mask the fact that last year was a brutal one for the personal computer industry.

Dell - one of the largest computer makers on the planet - is in talks to be taken over by a private equity firm. PC sales are declining globally.

And as NPR's Steve Henn reports, some see a technological shift in the works that could undermine the empire built by Microsoft.

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5:05am

Thu January 24, 2013
Business

Despite Brisk Sales, Apple Has Flat Sales

Originally published on Thu January 24, 2013 1:19 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a bite out of Apple.

It's still the largest tech company in the world - let's make no mistake about that. But Apple reported yesterday that its profits were flat - despite brisk sales of iPhones and iPads. In after-hours trading, Apple's stock plunged, reflecting fears that interest in Apple products may start waning as consumers seek more affordable options.

Here's NPR's Laura Sydell.

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3:39am

Thu January 24, 2013
Africa

Algeria Attack A 'Wake-Up Call' For Energy Companies

Originally published on Thu January 24, 2013 1:19 pm

A week has passed since the terrorist attack on a natural gas facility in Algeria, but risk analysts and security experts are still undecided about the incident's likely impact in the energy world.

The price of oil, a good indicator of anxiety in the energy market, went up modestly right after the attack, but then it stabilized. No energy company has suspended operations in Algeria, nor has any company announced it will hold off on future investments in North Africa, a key source of oil and gas supplies.

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3:35am

Thu January 24, 2013
Planet Money

Why Is The Government In The Flood Insurance Business?

Originally published on Thu January 24, 2013 1:19 pm

Hurricane Betsy hit the Gulf Coast in 1965.
Horace Cort AP

There's a quick, one-word explanation for why the federal government started selling flood insurance: Betsy.

Hurricane Betsy, which struck the Gulf Coast in 1965, became known as billion-dollar Betsy. Homes were ruined. Water up to the roofs. People paddling around streets in boats. Massive damage.

This would be the time when you'd expect people to be pulling out their flood insurance policies. But flood insurance was hard to come by. You could get fire insurance, theft insurance, car insurance, life insurance. Not flood.

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5:50pm

Wed January 23, 2013
Business

Dreamliner Woes Expose FAA's Potential Weak Spots

Originally published on Wed January 23, 2013 8:53 pm

National Transportation Safety Board investigators inspect a Boeing 787 Dreamliner at Japan's Takamatsu Airport. A Federal Aviation Administration investigation into the plane's troubles has widened into a review of the agency's certification process for new airliners.
Jiji Press AFP/Getty Images

One week after Federal Aviation Administration officials grounded Boeing's newest jet, the world's entire 787 Dreamliner fleet remains parked. FAA Administrator Michael Huerta said Tuesday he couldn't speculate on when a review of the plane would be complete.

Investigators in the U.S. and Japan remain perplexed as to why batteries on two planes suffered serious failures. Now Boeing, its flagship jet and the certification process for the 787 are under intense scrutiny.

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5:12pm

Wed January 23, 2013
Superstorm Sandy: Before, During And Beyond

In Lower Manhattan, Sandy Still Keeping Businesses Dark

Originally published on Wed January 23, 2013 8:53 pm

People walk past a closed business affected by Hurricane Sandy in the heavily damaged South Street Seaport in New York City in December.
Spencer Platt Getty Images

When compared with its neighbors Coney Island and the Rockaways, Manhattan seemed hardly touched by the waters and winds of Superstorm Sandy in late October. But almost three months later, areas of lower Manhattan are still laboring to recover.

Earlier this month, a museum devastated by Sandy finally reopened. About 800 people packed the lobby and upstairs galleries of the South Street Seaport Museum in lower Manhattan as Mayor Michael Bloomberg addressed the crowd.

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12:34pm

Wed January 23, 2013
The Two-Way

Union Membership Continues Decline; Now At Lowest Level Since 1930s

The Bureau of Labor Statistics says union membership continues to decline in the United States.

In 2012, American Union membership rate dropped to 11.3 percent from 11.8 percent in 2011. As The Washington Post reports, that's the lowest level since the 1930s.

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9:36am

Wed January 23, 2013
The Two-Way

U.K.'s Cameron Floats Idea Of Vote ON E.U. Membership, Other Leaders Protest

British Prime Minister David Cameron earlier today in London as he spoke about a vote on E.U. membership.
Oli Scarff Getty Images

"Britain's prime minister said Wednesday he will offer citizens a vote on whether to leave the European Union if his party wins the next election, prompting warnings from fellow member states about the soundness of such a move," The Associated Press writes.

The wire service adds that:

"Cameron proposed Wednesday that his Conservative Party renegotiate the U.K.'s relationship with the European Union if it wins the next general election, expected in 2015.

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5:14am

Wed January 23, 2013
Business

Fla. Tomato Growers Say Mexico Trade Deal Is Rotten

Originally published on Wed January 23, 2013 11:01 am

J. Pat Carter AP

Half of all tomatoes eaten in the U.S. come from Mexico, and tomato growers in Florida aren't happy about that. In fact, they're willing to risk a trade war to reverse the trend.

At JC Distributing In Nogales, Ariz., one misstep and you're likely to get knocked over by a pallet full of produce. Forklifts crisscross each other carrying peppers, squash and especially tomatoes from trucks backed into the warehouse loading dock.

"This is a Mexican truck being unloaded," says JC President Jaime Chamberlain. "He's just waiting for his paperwork to get back."

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