Economy & Business

Business
4:55 am
Wed March 12, 2014

Philadelphia Capitalizes On Energy Boom

Originally published on Wed March 12, 2014 6:32 am

Transcript

RENEE MONTAGNE, HOST:

The shale oil boom is having a major impact on cities across the U.S. In Philadelphia, trains bringing crude oil from North Dakota have helped revived refineries there. Plus, other businesses are now eagerly looking for ways to tap into Pennsylvania's own vast supply of natural gas.

Katie Colaneri of member station WHYY reports.

Read more
Business
4:10 am
Wed March 12, 2014

U.S. Beer Consumption Is At An All-Time Low

Originally published on Wed March 12, 2014 6:32 am

Some of the worst hit brewers have been those making mass-market, low-alcohol beers. An exception: Pabst Blue Ribbon saw a 97 percent increase in consumption from 2008-2012.

Business
4:10 am
Wed March 12, 2014

Toyota Workers In Japan Get Slight Increase In Pay

Originally published on Wed March 12, 2014 6:32 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with raises at Toyota.

(SOUNDBITE OF MUSIC)

GREENE: Toyota employees in Japan will seek their biggest pay raise in 21 years - though it's not very big. The giant Japanese automaker says it will boost pay by just under one percent. This is less than the workers union was asking for.

Japan's Prime Minister Shinzo Abe has been pressuring Japanese businesses to raise rates in an effort to pull Japan out of decades of deflation. Transcript provided by NPR, Copyright NPR.

Parallels
2:40 am
Wed March 12, 2014

After A Downturn, Global Shipping Bets Big On Everything

A container ship docked at Port Elizabeth in New Jersey. No one on the pier knows for sure what exactly the containers carry — anything from frozen chicken to computers.
Jonathan Blakley NPR

Originally published on Thu March 13, 2014 10:22 am

On a cold, blustery day at Port Elizabeth in New Jersey, one of several massive cranes whirs along a rail high above the pier, picks up a heavy container from a ship's deck and loads it on a waiting truck back on land. The truck drives away, another arrives, and the whole process starts again.

It's a scene played out every day along America's coasts as massive container ships from across the globe pull into deep-water seaports, waiting to be unloaded. The ships are enormous — some 10 stories high and several football fields long.

Read more
Business
4:06 pm
Tue March 11, 2014

Delayed Safety Recall May Haunt GM As It Continues Its Makeover

The Chevrolet Cobalt is one of the GM models being recalled for faulty ignition switches.
David Zalubowski AP

Originally published on Tue March 11, 2014 5:51 pm

General Motors is coming under mounting criticism for its handling of a serious defect. Last month, the company recalled 1.6 million vehicles because of faulty ignition switches linked to 13 deaths. The cars, made from 2003-2007, could stall or fail to deploy their airbags.

It's an issue GM has known about for a while, and now Congress wants to know why it took the automaker almost a decade to warn the public about it.

Read more

Pages