Business

5:13am

Wed March 26, 2014
Energy

German Chemical Giant BASF Benefits From Cheap U.S. Natural Gas

Originally published on Wed March 26, 2014 7:39 am

Thanks to fracking, there is an abundance of natural gas at about a quarter of the European price. This influx of business may be good for the U.S., but it's cause for concern for European leaders.

5:04am

Wed March 26, 2014
Business

W Hotels Now Offers Social Media Wedding Concierge

Originally published on Wed March 26, 2014 7:52 am

For just $3,000, the concierge will live tweet your wedding and pester your guests to use a dedicated hashtag throughout the day. And afterwards, you get a collage of the best Instagrams.

5:04am

Wed March 26, 2014
Business

Houston Ship Channel Partially Reopens After Oil Spill

Originally published on Wed March 26, 2014 7:39 am

David Greene talks to Mark Holving, captain of the Dutch freighter Avonberg, which was stalled outside the port of Houston. The ship channel was closed after oil spilled from a barge on Saturday.

5:04am

Wed March 26, 2014
Business

U.S. Box Office Sales Fall Slightly In 2013

Originally published on Wed March 26, 2014 7:39 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with the incredible shrinking box office.

Americans are not heading to the movies as much as they used to. The Motion Picture Association of America says ticket sales fell off slightly in 2013. To boost audience numbers, theater owners are talking to move the chains and studios about cutting ticket great prices one day a week.

Now, while Americans seem less eager to head to the movies, worldwide box office sales are up by about four percent. Transcript provided by NPR, Copyright NPR.

5:04am

Wed March 26, 2014
Business

Arizona Struggles To Gain Cross-Border Trade With Mexico

Originally published on Wed March 26, 2014 9:00 am

In 2010, Arizona passed laws aimed at undocumented immigrants. As a result, business relations with Mexico — Arizona's biggest trading partner — began to suffer.

3:22am

Wed March 26, 2014
The Salt

In Mexico And U.S., Lime Lovers Feel Squeezed By High Prices

Originally published on Thu March 27, 2014 2:11 pm

A worker unloads a truck full of Mexican limes at a citrus packing plant in La Ruana, in the state of Michoacan, Mexico.
Dario Lopez-Mills AP

Has the price of your margarita cocktail shot up? Guacamole more expensive? Blame it on limes.

About 98 percent of limes consumed in the U.S. come from Mexico. But our neighbors to the south are feeling seriously squeezed by a shortage of the beloved citrus fruit.

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8:27pm

Tue March 25, 2014
The Two-Way

Facebook Will Acquire Virtual Reality Company For $2 Billion

The Oculus Rift virtual reality goggles make for an immersive experience.
Nan Palmero Flickr

Facebook announced a pretty big purchase on Tuesday: The social media giant said it was acquiring Oculus VR, a company that makes virtual reality goggles, for $2 billion.

The deal includes $400 million in cash and 23.1 million shares of Facebook, which the company values at $1.6 billion.

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5:26pm

Tue March 25, 2014
Media

Resignation Revives Doubts About Bloomberg China Coverage

Originally published on Tue March 25, 2014 7:28 pm

Bloomberg News finds itself under unwelcome scrutiny once again, as its parent company's chairman suggests that reporting on the corruption of China ruling elites isn't part of its core mission. A key China editor also revealed this week that he had quit Bloomberg in protest of a decision not to publish a subsequent investigation.

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4:16pm

Tue March 25, 2014
News

For Advocates And Telephone Companies, NSA Changes Are Welcome News

Originally published on Tue March 25, 2014 7:28 pm

Transcript

ROBERT SIEGEL, HOST:

NPR's Steve Henn joins us now to talk about how phone companies are already treating customer data and what that means for how the proposed NSA program might operate. Hi, Steve.

STEVE HENN, BYLINE: Hi.

SIEGEL: And what does this mean that under this proposal the NSA would no longer hold calling records, but would have to go to phone companies to access them?

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3:19pm

Tue March 25, 2014
The Two-Way

IRS Says It Will Treat Bitcoins As Property, Not Currency

Originally published on Tue March 25, 2014 3:29 pm

A photo of tokens representing bitcoins.
Rick Bowmer AP

In a new rule released on Tuesday, the Internal Revenue Service says it will treat bitcoin and other virtual currencies as property.

The Wall Street Journal reports this means any profits made on the currency will be taxed at the capital-gains rate and that investors will have to keep extensive records.

The Journal adds:

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