Economy & Business

The Two-Way
11:41 am
Thu February 6, 2014

Sony Will Shed 5,000 Jobs And Its PC Business

Sony Corp. President and CEO Kazuo Hirai during a press conference at Sony headquarters in Tokyo on Thursday.
Shizuo Kambayashi AP

Originally published on Thu February 6, 2014 12:47 pm

The struggling electronics and entertainment company Sony announced it had suffered an annual loss of $1 billion and that it was selling its PC business and shedding 5,000 more jobs globally.

The Associated Press adds:

Read more
The Two-Way
10:35 am
Thu February 6, 2014

Luxury Carmaker Aston Martin Cites Fake Chinese Plastics In Recall

An Aston Martin Rapide S, one of the models affected by the recall, is displayed outside the Aston Martin production facility in Gaydon, England, in February 2013.
Darren Staples Reuters/Landov

Originally published on Thu February 6, 2014 6:43 pm

Aston Martin, James Bond's conveyance of choice, has expanded its recall of vehicles built since 2007 because of problems with fake plastics from China.

In a letter last month to the National Highway Transportation Safety Administration, Aston Martin said it had received reports that throttle pedal arms broke during installation, and it discovered that "initial tests on the failed pedal arm have shown that the Tier Three Supplier used counterfeit material."

Read more
The Salt
8:59 am
Thu February 6, 2014

Oh, So That's What Goes Into A McDonald's Chicken McNugget

McDonald's new video answers that age-old question: What are McNuggets actually made of?
McDonald's Canada/YouTube

Originally published on Sun February 9, 2014 4:40 pm

A fried, battered coating can hide a multitude of sins. (Everything tastes yummy when deep-fried, amiright?) So it's not surprising, really, that allegations of "mystery meat" have dogged McDonald's famous chicken McNuggets on and off for years.

Read more
The Two-Way
8:12 am
Thu February 6, 2014

GM Posts Disappointing Fourth-Quarter Earnings

The new 2015 GMC Canyon midsize truck was on display last month the 2014 North American International Auto Show in Detroit.
Bill Pugliano Getty Images

Originally published on Thu February 6, 2014 11:51 am

General Motors posted a weaker-than-expected fourth-quarter profit on Thursday amid disappointing sales, especially outside the U.S.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the same quarter a year ago. Analysts polled by Thomson Reuters had expected 88 cents a share.

According to Reuters:

Read more
The Two-Way
7:57 am
Thu February 6, 2014

Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?

The scene at a Hiring Our Heroes job fair for veterans last month in Washington, D.C.
Mark Wilson Getty Images

Originally published on Thu February 6, 2014 9:48 am

There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.

That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:

Read more
Business
7:13 am
Thu February 6, 2014

Satya Nadella Replaces Microsoft's Retiring CEO

Originally published on Thu February 6, 2014 9:59 am

The company announced Tuesday that Nadella will replace Steve Ballmer, who announced last summer that he'd retire. Nadella, Microsoft's third CEO, has been with the company for 22 years.

Business
6:45 am
Thu February 6, 2014

Twitter Shares Drop After Earnings Report

Originally published on Thu February 6, 2014 6:59 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a drop for Twitter.

(SOUNDBITE OF MUSIC)

MONTAGNE: The social media company announced its first earnings report since becoming a publicly traded company, and the news is not good. Twitter's stock price 17 percent in the last quarter. This change is due largely to a sharp decline in new users. Only one million U.S. users were added in the final months of 2013. Transcript provided by NPR, Copyright NPR.

Business
6:45 am
Thu February 6, 2014

U.S. Olympians Are Without Their Greek Yogurt

Originally published on Thu February 6, 2014 6:59 am

Chobani, a Team USA sponsor, has decorated its containers of Greek yogurt in honor of the Olympics. But shipments of Chobani haven't made it to Sochi. Russian officials say the company failed to complete the necessary paperwork to allow the yogurt to enter the country.

Sports
4:16 am
Thu February 6, 2014

David Beckham Wants Miami To Embrace Soccer

Originally published on Thu February 6, 2014 6:59 am

Soccer star David Beckham is bringing a Major League Soccer team to Miami. He made the announcement on Wednesday in downtown Miami, not far from a site he and his partners are looking at for a stadium. Miami, however, is a city where Major League Soccer has tried — and failed-- before.

Business
4:16 am
Thu February 6, 2014

Regulators Examine Allegations Of Currency Manipulation

Originally published on Thu February 6, 2014 6:59 am

Transcript

DAVID GREENE, HOST:

New York State regulators are looking into allegations of currency manipulation by traders at more than a dozen big banks. This effort is part of a global investigation into foreign exchange practices that's already cost several traders their jobs.

RENEE MONTAGNE, HOST:

NPR's Jim Zarroli reports.

Read more

Pages