Business

2:29am

Tue April 9, 2013
Business

J.C. Penney CEO Johnson Is Forced Out

Originally published on Tue April 9, 2013 7:14 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with J.C. Penney's revolving door.

(SOUNDBITE OF MUSIC)

GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.

Here's NPR's Wendy Kaufman.

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2:29am

Tue April 9, 2013
NPR Story

Administration Urges Europeans To Ease Austerity Measures

Originally published on Tue April 9, 2013 7:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama is preparing to send budget plan to Capital Hill this week and Treasury Secretary Jack Lew will be key in selling that plan to Congress.

Right now, Secretary Lew is on another mission: to sell European leaders on the idea of easing austerity to boost economic growth. We reached Secretary Lew in Berlin. Mr. Secretary, welcome back to the program.

SECRETARY JACK LEW: Good to talk to you, David.

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4:07pm

Mon April 8, 2013
The Two-Way

His Makeover Strategy In Shambles, J.C. Penney CEO Ron Johnson Is Out

Originally published on Mon April 8, 2013 6:13 pm

A J.C. Penney story in Plano, Texas.
LM Otero AP

After an unsuccessful makeover of the retailer J.C. Penney, Ron Johnson, the company's chief executive, is out.

In a press release, the company said Myron "Mike" Ullman, who was the company's previous CEO, is retaking the reins.

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3:59pm

Mon April 8, 2013
Business

One Manufacturing Giant Creates Winners And Losers

Originally published on Mon April 8, 2013 7:59 pm

Electrolux's new plant in Memphis, Tenn., is the Swedish appliance company's most modern and high-tech facility. The factory will open this summer while an Electrolux plant in Quebec, Canada, is being shuttered.
Andrea Hsu NPR

The United States lost close to 6 million manufacturing jobs between 2000 and 2009. Now, slowly, some of those jobs are coming back. Over the past three years, the U.S. economy has gained a half-million manufacturing jobs.

But even with the manufacturing recovery, there are both winners and losers — and sometimes they're created by the same company.

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1:52pm

Mon April 8, 2013
Planet Money

Can You Patent A Steak? (Cont'd)

application for a patent on a steak." href="/post/can-you-patent-steak-contd" class="noexit lightbox">
Detail from an application for a patent on a steak.
WIPO

"It's an un-obvious chunk of meat that has been sitting there — a little diamond surrounded by a bunch of coal," Steve Price told me last year. "I'd love to tell you more. We just can't."

Today, Price told me everything. More to the point, he emailed me this link:

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