Business

2:00am

Tue April 3, 2012
Business

GSA Chief Resigns Over Agency's Extravagant Spending

Transcript

DAVID GREENE, HOST:

NPR's business news starts with what happens in Vegas...

(SOUNDBITE OF MUSIC)

GREENE: What happens in Vegas doesn't always stay in Vegas, especially if it involves taxpayer dollars.

The head of a federal agency has resigned after reports of inappropriate spending at a conference near Las Vegas. Martha Johnson led the General Services Administration, which manages the federal government's property.

Read more

10:50am

Mon April 2, 2012
The Two-Way

Global Payments Says 1.5 Million Credit Card Numbers May Be Compromised

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

Global Payments, a third-party processor of credit card payments for Visa, MasterCard and Discover, said late last night that the data breach made public last week may have risked about 1.5 million credit card numbers.

Read more

8:47am

Mon April 2, 2012
Technology

Fixing The Cutting-Edge: Innovation Meets Table Saw

Originally published on Wed April 4, 2012 9:14 am

David Butler and one of his safer tools.
Chris Arnold NPR

When you think of cutting-edge technology, power tools don't generally come to mind. Take the table saw: Many woodworkers are using 30-year-old saws in their wood shops and, among the major tool companies, there hasn't been much innovation since those decades-old tools came out.

But more and more inventors are trying to make these saws safer — and David Butler is one of them. At his home in Cape Cod, Mass., Butler flips on the fluorescent lights in his basement turned wood shop.

Read more
Tags: 

8:15am

Mon April 2, 2012
The Two-Way

Construction Spending Dips, But Manufacturing Expands

There was a 1.1 percent decline in spending on construction in February vs. January, the Census Bureau just reported. But spending was still 5.8 percent above the level of February 2011.

According to the bureau, spending on home construction was unchanged in February from the month before. Public construction spending was down 1.7 percent.

Read more

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.

Read more

Pages