Business and Financial News : NPR

Elon Musk Settles With SEC, Agrees To Step Down As Tesla Chairman

Tesla CEO Elon Musk has agreed to step down as chairman of the electric-car company as part of a settlement to resolve a securities fraud charge lobbed by the SEC on Thursday. Patrick T. Fallon/Bloomberg via Getty Images hide caption

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Patrick T. Fallon/Bloomberg via Getty Images

Elon Musk Settles With SEC, Agrees To Step Down As Tesla Chairman

September 29, 2018 • The Tesla CEO reached a deal with the Securities and Exchange Commission to resolve a securities fraud case. As part of the deal, Tesla and Musk agreed to pay $40 million in penalties.

World

What NAFTA Without Canada Would Mean

September 29, 2018 • NPR's Scott Simon asks Bruce Heyman, former U.S. ambassador to Canada, how a NAFTA replacement that excludes Canada would affect U.S.-Canada relations.

What NAFTA Without Canada Would Mean

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No Cash Needed At This Cafe. Students Pay The Tab With Their Personal Data

At Shiru Cafe in Providence, R.I., students "pay" for coffee, but not with money. Chaiel Schaffel /Rhode Island Public Radio hide caption

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Chaiel Schaffel /Rhode Island Public Radio

The Salt

No Cash Needed At This Cafe. Students Pay The Tab With Their Personal Data

The Public's Radio

September 29, 2018 • For free coffee, students can provide their names, phone numbers, email, majors and interests. This information is then provided to corporate sponsors who want to "diversify students' career choices."

Technology

Facebook Says Hackers Accessed Information Of 50 Million Users In Latest Data Breach

September 28, 2018 • Facebook announced a new data breach on Friday. Hackers accessed the information of 50 million Facebook users, as Facebook remains under pressure for misuse of users' personal data.

Facebook Says Hackers Accessed Information Of 50 Million Users In Latest Data Breach

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Airport Workers In New York, New Jersey To Receive Minimum Of $19 Per Hour

Workers at Newark Liberty International Airport are getting a wage boost starting Nov. 1, the Port Authority Board of Commissioners announced Thursday. Julio Cortez/AP hide caption

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Julio Cortez/AP

National

Airport Workers In New York, New Jersey To Receive Minimum Of $19 Per Hour

September 28, 2018 • The Port Authority Board of Commissioners announced its unanimous decision on Thursday. Businesses will be required to pay the increases in stages over five years.

Constanza Gallardo

Planet Money

The Case Of The Pricey Frito

September 28, 2018 • Corn prices are falling, but the price of Fritos in the White House press corps break room is up by 20%. What's going on? Team Indicator is on the case!

SEC Lawsuit Seeks To Remove Elon Musk As Tesla CEO Or Officer In Any Public Company

September 28, 2018 • NPR's Audie Cornish talks with Bloomberg reporter Max Chafin about the Securities and Exchange Commission's lawsuit against Elon Musk announced on Thursday.

SEC Lawsuit Seeks To Remove Elon Musk As Tesla CEO Or Officer In Any Public Company

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Drugmakers Play The Patent Game To Lock In Prices, Block Competitors

Purdue Pharma, maker of the opioid OxyContin, has a subsidiary that won a patent for a treatment for opioid addiction. Bloomberg via Getty Images hide caption

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Bloomberg via Getty Images

Shots - Health News

Drugmakers Play The Patent Game To Lock In Prices, Block Competitors

Kaiser Health News

September 28, 2018 • Pharmaceutical companies like Purdue Pharma, maker of OxyContin, often win patents for incremental changes with debatable value. Now there's a twist involving an opioid addiction treatment.

SEC Sues Elon Musk Over Tesla Tweets

September 28, 2018 • The Securities and Exchange Commission is suing Elon Musk over statements he made on Twitter about taking Tesla private.

SEC Sues Elon Musk Over Tesla Tweets

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Economy

A 'Turning Point' In The Housing Market

September 28, 2018 • Ever since the end of the financial crisis, rents have been rising all across America. A recent report could signal a turning point in the housing recovery.

A 'Turning Point' In The Housing Market

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The U.S. Securities and Exchange Commission filed a lawsuit Thursday against Tesla CEO Elon Musk, accusing him of securities fraud. Kiichiro Sato/AP hide caption

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Kiichiro Sato/AP

SEC Sues Tesla CEO Elon Musk

September 27, 2018 • "Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.

SEC Sues Tesla CEO Elon Musk

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NPR

Planet Money

Baby Got Buybacks

September 27, 2018 • Companies are buying back stock from shareholders more than ever. Not everyone thinks that's a good thing.

Europe's Copyright Reforms Are More Than (Just) A Boring Policy Change

Günther Oettinger, commissioner of the digital single market for the European Union, in a presentation on copyright reform on December 9, 2015 in Brussels. Thierry Monasse/Corbis via Getty Images hide caption

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Thierry Monasse/Corbis via Getty Images

Music News

Europe's Copyright Reforms Are More Than (Just) A Boring Policy Change

September 27, 2018 • Two weeks ago, the European Commission approved new rules that will change how tech companies are required to deal with copyright infringement on their platforms. Unsurprisingly, it was controversial.

Uber Pays $148 Million Over Yearlong Cover-Up Of Data Breach

Uber announced its settlement with 50 U.S. states and the District of Columbia, paying a penalty and promising to make its data security more robust. Here, Uber CEO Dara Khosrowshahi is seen at an event in New York earlier this month. Richard Drew/AP hide caption

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Richard Drew/AP

Uber Pays $148 Million Over Yearlong Cover-Up Of Data Breach

September 27, 2018 • Instead of reporting the hacking intrusion as required, Uber paid the hackers $100,000 after learning of the breach in late 2016.

Head Of Australian Broadcasting Corp. Quits Amid Editorial Independence 'Firestorm'

Former ABC chairman Justin Milne leaves the ABC studios in Sydney after resigning his chairmanship on Thursday. Mick Tsikas/AAP via Reuters hide caption

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Mick Tsikas/AAP via Reuters

Media

Head Of Australian Broadcasting Corp. Quits Amid Editorial Independence 'Firestorm'

September 27, 2018 • Justin Milne stepped down as chairman of taxpayer-funded ABC following reports he ordered the firing of journalists whose coverage had been the subject of complaints by the government.