Economy & Business

Business news

Staying connected while on the go

Apr 29, 2016
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Mark Orlowski

Imagine never needing to scour for Wi-Fi at hotels or airports, nor having to search for coffee shops offering Wi-Fi when you’re abroad. Or, the ultimate image of a busy traveler: having the ability to send emails from your laptop while aboard a plane awaiting takeoff (before the cabin door is closed, of course).

This Puerto Rico default is different

Apr 29, 2016
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Andy Uhler

Barring an economic miracle, Puerto Rico is going to default on a more than $400 million debt payment on Monday. The implications could be pretty far-reaching because it would be defaulting on some bonds that are guaranteed by the territory’s constitution. 

The government’s still running, officially, but everyday Puerto Ricans are already suffering, said Edwin Melendez, director of the Center for Puerto Rican Studies at Hunter College in New York.

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Marketplace

On today's show, we'll talk about Amazon's large quarterly profit; Puerto Rico's more than $400 million debt payment due Monday; and a Social Security loophole.

Marketplace Tech for Friday, April 29, 2016

Apr 29, 2016
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Marketplace

On today's show, we'll talk about Amazon's revenue growth; interview Matthew Prince, the CEO of CloudFlare, about the company's dust-up with the TOR project; and play this week's Silicon Tally with Bridget Carey, senior editor at CNET.

It's been a good week for employees of Chobani. They learned that they could eventually own about 10 percent of the rapidly expanding Greek yogurt company. That could potentially make millionaires of some workers, if the privately held company is sold or goes public.

It's a grand gesture, and reflects a rising trend in employee ownership.

At first glance, real estate agent Theresa Mondale's listings don't sound too different from those of other agents trying to sell a piece of Montana paradise: 270 acres at the base of the Bitterroot Mountains completely surrounded by U.S. Forest Service land, stands of old growth fir and cedar trees, a spring with pure water.

It might not have been a drone that struck a British Airways plane on April 17 after all.

British Transport Secretary Patrick McLoughlin told Parliament on Thursday that it was probably "not a drone incident," according to The Register, an online tech publication.

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Adrienne Hill

The 100th running of the Indianapolis 500 will have an official poet and poem. The poetry competition is a return to an Indy 500 tradition from the 1920s.

An Indiana University graduate student, Adam Henze, will read his winning poem during qualification weekend.

It'll also appear in the program on race day.

Marketplace called him up and asked him to read his ode to the Indy 500: “For Those Who Love Fast, Loud Things.”

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D Gorenstein

In the small universe that is health insurance, 2017 may turn out to be pretty nice for the men and women who predict how much insurers have to pay out in claims.

“Actuaries across the country will be able to sleep better at night for 2017,” John Bertko, chief actuary for Covered California, said.

Its name will be "Red Dragon." And if the latest partnership between SpaceX and NASA works out, the privately funded craft will land on Mars to collect scientific data — possibly within the next two years. The plan is to use the Dragon capsule, but without a human crew.

"SpaceX is planning to send Dragons to Mars as early as 2018," the company said via Facebook Wednesday. "These missions will help demonstrate the technologies needed to land large payloads propulsively on Mars."

Marketplace for Thursday, April 28, 2016

Apr 28, 2016
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Marketplace

Tthe island needs to make a $422 million dollars payment on its bonds, but it’s a payment it can't afford; Facebook will create a new class of share to sell to investors that don't give investors voting power; and how the Halloween "scare industry" is at work year-round 

The extremely high-profile dispute between Apple and the FBI has ushered in a new phase in the debate over the future of secure communications. Though many Americans still struggle with the technical implications of encryption, it's now a household word.

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Andy Uhler

Puerto Rico is in over its head. At the end of this week, the island needs to make a $422 million dollars payment on its bonds, but it’s a payment it can't afford, according to its government. The U.S. territory sold tens of billions of dollars in bonds to balance its budget as tax incentives were phased out and citizens, along with tax revenue, left the island.

In the 1990s Chuck Slaughter built the online clothing retailer, TravelSmith, from a startup to a company with sales in excess of $100 million a year. Then he signed up to be an Avon lady.

"[Avon] is the original social network business. In some ways it's better than Twitter and Facebook because Avon figured out how to monetize the social network," Slaughter says over coffee at a café in Oxford, England.

Investor Carl Icahn dumps Apple stake

Apr 28, 2016
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Reuters

Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock.

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