Business

4:28am

Fri November 9, 2012
Business

The Last Word In Business

Originally published on Fri November 9, 2012 12:46 pm

The fragrance company Demeter has introduced a new sushi scent. The company's website says it offers a whiff of seaweed and rice with a lemon-ginger essence. But it isn't fishy.

4:28am

Fri November 9, 2012
Business

Business News

Originally published on Fri November 9, 2012 12:46 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with an attempt to shorten gas lines.

(SOUNDBITE OF MUSIC)

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3:21am

Fri November 9, 2012
Business

Car Dealers Sue Tesla, Citing State Franchise Laws

Originally published on Fri November 9, 2012 12:46 pm

A Tesla Motors showroom in San Jose, Calif. Car dealers in New York and Massachusetts have filed a lawsuit that seeks to block Tesla from selling its vehicles in those states.
Paul Sakuma AP

Tesla Motors usually makes headlines for its technology. Its new Model S is the first entirely electric vehicle to be named car of the year by Automobile Magazine.

Friday's news is less flattering: A judge in New York will take up a lawsuit against the company about how Tesla sells its cars.

When Mark Seeger bought a Tesla in Seattle, he was actually just looking for a pair of shoes.

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5:25pm

Thu November 8, 2012
The Two-Way

CBO Warns Again: Ignoring Fiscal Cliff Could Result In Recession

Originally published on Thu November 8, 2012 6:57 pm

The so-called fiscal cliff is a double-edged sword, the nonpartisan Congressional Budget Office says in a new report issued today.

Why? Ignoring the huge tax increases and spending cuts set to take effect at the beginning of the year "will probably cause the economy to fall back into a recession."

But: "They will make the economy stronger later in the decade and beyond."

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4:54pm

Thu November 8, 2012
Economy

Corn Belt Farmland: The Newest Real Estate Bubble?

Originally published on Thu November 8, 2012 6:02 pm

This field is part of a 160-acre tract in Saline County, Mo., that sold for $10,700 per acre in February — double what it would have gone for five years ago.
Abby Fentress Swanson Harvest Public Media

Howard Audsley has been driving through Missouri for the past 30 years to assess the value of farmland. Barreling down the flat roads of Saline County on a recent day, he stopped his truck at a 160-acre tract of newly tilled black land. The land sold in February for $10,700 per acre, double what it would have gone for five years ago.

Heading out into the field, Audsley picked up a clod of the dirt that makes this pocket of land some of the priciest in the state.

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4:41pm

Thu November 8, 2012
The Salt

You Can Thank A Whey Refinery For That Protein Smoothie

Originally published on Fri November 9, 2012 9:52 am

Tim Opper, of Cabot Cheese, inspects equipment that separates whey protein from sugar in the company's whey processing plant.
Dan Charles NPR

If you've ever checked the ingredient list on a PowerBar or a high-protein smoothie, you probably have stumbled across these words: "Whey protein concentrate." You'll find it in a growing number of prepared foods.

This mysterious ingredient is derived from one of the oldest of human foods — milk. But capturing it requires huge factories that look more like oil refineries than farms.

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12:06pm

Thu November 8, 2012
NPR Story

Can Bipartisanship Save Us From The Fiscal Cliff?

The election is over and the deadline for the so-called "fiscal cliff" is drawing closer. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about how the two relate, and what it could mean for America's economic future.

10:19am

Thu November 8, 2012
The Two-Way

Word To The Wise: Change Your Twitter Password

Originally published on Thu November 8, 2012 12:23 pm

Twitter.com

The news is spreading that Twitter is warning quite a few users that their accounts may have been compromised and that they should immediately change their passwords.

TechCrunch says, "keep your eyes peeled Twitter users: Twitter is sending out emails to some of its users telling them it has reset their password and asking them to create a new one."

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9:46am

Thu November 8, 2012
The Two-Way

McDonald's Has First Drop In Key Sales Figure Since 2003

Originally published on Sun November 11, 2012 9:50 pm

The golden arches at a McDonald's restaurant in Miami.
Joe Raedle Getty Images

Fast-food giant McDonald's said today that revenue at its restaurants that have been open at least 13 months fell 1.8 percent in October — the first time it has suffered a month-to-month decline in that key indicator since April 2008, according to BloombergBusinessweek.

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8:44am

Thu November 8, 2012
The Two-Way

Jobless Claims Fell By 8,000 Last Week; Superstorm Sandy Might Be Factor

Job-related booklets at a New York State Department of Labor Employment Services office in Brooklyn.
Chris Hondros Getty Images

There were 355,000 first-time claims for unemployment insurance last week, down by 8,000 from the week before, the Employment and Training Administration says.

But a measure designed to show the trend edged up: "The 4-week moving average was 370,500, an increase of 3,250 from the previous week's unrevised average of 367,250."

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