Business

2:00am

Tue April 10, 2012
Business

For $1.1 Billion, Facebook Snaps Up Instagram

Transcript

STEVE INSKEEP, HOST:

Facebook likes Instagram. That's the top of our business news.

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INSKEEP: And they did more than just click the little thumbs up. Facebook is buying the photo application Instagram and the price is higher than it has ever paid for an acquisition - $1 billion; this for a company with only around a dozen employees. As somebody joked yesterday, why didn't they just download it?

As NPR's Laura Sydell reports, some analysts say the purchase is a defensive move.

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2:00am

Tue April 10, 2012
Business

Microsoft To Buy Patents From AOL For $1.1 Billion

Transcript

RENEE MONTAGNE, HOST:

Moving on to another billion dollar tech deal, Microsoft has agreed to pay AOL over $1 billion for hundreds of patents. Microsoft outbid several rivals, including Amazon and eBay, in a deal which saw AOL's stock price jump by over 40 percent. The over 800 patents include internet search, email and customized advertising and are seen as a push by Microsoft into the lucrative smartphone and tablet market.

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2:00am

Tue April 10, 2012
Business

Machine Evens Sushi-Making Playing Field

Originally published on Tue April 10, 2012 5:18 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today: sushi bot.

It's where raw fish and robots meet up. More specifically, it's a cutting-edge, sushi-making machine. A company called Suzumo introduced a prototype at a food expo in Tokyo last week.

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UNIDENTIFIED ANNOUNCER: It is true that a skilled chef has trained for a long time. However, with Suzumo sushi-making machines, everyone can make stable-quality sushi very easily.

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1:42am

Tue April 10, 2012
Business

For Freelancers, Landing A Workspace Gets Harder

Workers share office space at Grind, a co-working company in New York City. Those who want to use Grind's facilities are vetted through a competitive application process.
JaegerSloan

The recession brought widespread unemployment across the U.S., but it also prompted a spike in the number of freelance or independent workers.

More than 30 percent of the nation's workers now work on their own, and the research firm IDC projects the number of nontraditional office workers — telecommuters, freelancers and contractors — will reach 1.3 billion worldwide by 2015.

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1:16am

Tue April 10, 2012
Planet Money

Why Matzo Makers Love Regulation

Originally published on Wed April 11, 2012 9:06 am

Rabbi Yaakov Horowitz at the Manischewitz factory in 2007
Mike Derer AP

For more, see our video, Inside The Matzo Factory, and see Adam Davdson's latest NYT Magazine column

The matzo business may be the most heavily regulated business in the world.

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