Business

2:03am

Mon April 2, 2012
Business

Oil Scare Turns FedEx Onto Energy Efficiency

A FedEx hybrid delivery truck. In FedEx's fleet of over 90,000 vehicles, 408 are hybrid or electric, and 4,000 are fuel-efficient, lower-emitting "Sprinter" vans.
Courtesy of FedEx Corp.

The rising cost of oil isn't just a hit to the family budget. Businesses are hurt, too. Few are more affected than firms like FedEx. It deploys nearly 700 planes and tens of thousands of trucks and vans every day to deliver packages around the world. And few business leaders are more focused on finding alternatives to petroleum-based fuels than FedEx CEO Fred Smith.

Shortly after Smith founded Federal Express, the 1973 Arab oil embargo almost killed it. The experience imprinted Smith with a keen interest in the price and availability of oil.

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2:02am

Mon April 2, 2012
All Tech Considered

You Should Keep Tax Records — But How, And For How Long?

Originally published on Mon April 2, 2012 8:01 am

A pile of IRS Form 1040 tax documents is seen in this file photo. Personal finance experts recommend keeping most records for three years after they're used in a tax return.
Tim Boyle Getty Images

Tax Day 2012 is looming — and after we file our returns, many of us will try to figure out what to do with the seemingly innocuous but possibly crucial documents we use to prepare our returns. Filing electronically can make those records easier to manage. But what should we really keep, and for how long?

Most experts recommend holding on to financial records for three years after they're used in a tax return — that's the amount of time the IRS has to audit taxpayers.

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6:00am

Sat March 31, 2012
Business

Quaker Oats Man Sheds Some Pounds

Originally published on Sat March 31, 2012 9:00 am

Transcript

SCOTT SIMON, HOST:

Has the guy on the Quaker Oats box been doing Ashtanga yoga? The white-haired man with pink cheeks under a broad black Quaker hat is getting a makeover. Larry, as he is apparently known among ad men and women, is associated with heritage, trust, and quality by consumers. But after being an oatmeal cover boy for 134 years, PepsiCo, which now owns the Quaker brand, wants to refresh his image a bit to make the link between oatmeal and energy and healthy choices.

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11:20am

Fri March 30, 2012
The Two-Way

MasterCard, Visa Warn Of Credit Card Data Theft

A customer swipes a MasterCard debit card through a machine while checking-out at a shop in Seattle.
Elaine Thompson AP

MasterCard and Visa have warned banks that a third party processor has experienced a data breach. In statement, both card associations acknowledged the breach and MasterCard said that law enforcement is involved and "is currently the subject of an ongoing forensic review by an independent data security organization."

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6:42am

Fri March 30, 2012
The Two-Way

Consumer Spending Jumped Up In February, Incomes Rose Just A Little

There was a 0.8 percent rise in personal spending in February from January, the Bureau of Economic Analysis just reported. It was the strongest gain in seven months, according to The Associated Press.

But personal income rose just 0.2 percent, the bureau adds. And "disposable personal income," what's left after personal taxes, also rose only 0.2 percent.

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