Business

Business
9:59 am
Thu September 4, 2014

BP Acted With Gross Negligence In Gulf Oil Spill, Federal Judge Rules

Originally published on Thu September 4, 2014 11:31 am

In a long-awaited ruling, a federal judge on Thursday said BP acted with gross negligence in relation to the 2010 Deepwater Horizon oil rig explosion and consequent oil spill.

The decision could cost the British oil giant billions of dollars. Bloomberg reports:

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Business
8:58 am
Wed September 3, 2014

Drugstore Chain CVS Kicks Tobacco Habit A Month Early

An unnamed CVS employee removes tobacco products from the store shelves in East Greenwich, R.I.
AP

Originally published on Thu September 4, 2014 3:59 pm

CVS Caremark has pulled cigarettes from its shelves a month ahead of schedule.

In February, CVS, one of the nation's largest drugstore chains, said it would stop selling tobacco products by October, despite the profits they brought the company. Now cigarettes in the company's stores are history.

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Business
2:38 am
Fri August 29, 2014

As BP Pays For Oil Spill Impact, Some People Aren't Seeing The Cash

Patrick Roy's company, Coastal Rental Equipment, used to rent these large pumps to offshore divers who work for oil and natural gas drillers. After the BP oil spill, when the government introduced a moratorium on drilling in the Gulf of Mexico, the Patterson, La., business suffered losses and eventually shut down.
Jeff Brady NPR

Originally published on Mon September 1, 2014 6:55 am

BP's 2010 oil spill in the Gulf of Mexico disrupted business all along the coastline. Through the end of July, the oil giant paid more than $13 billion to compensate people, businesses and communities affected. The company is disputing some of those claims in court battles that could drag on for years.

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Business
2:30 am
Wed August 27, 2014

Driven By Climate Change, Cotton Buyers Look For Alternatives

Unifi makes Repreve, a thread that comes from plastic waste bottles and leftover polyester scraps, at its Yadkinville, N.C., facility.
Courtesy of Unifi

Originally published on Wed August 27, 2014 10:32 pm

VF Corp. is one of the biggest clothing companies you might not have heard of. But its brands include Lee and Wrangler jeans, Timberland shoes and The North Face, and it also makes uniforms for police and major league sports teams.

It's also a large purchaser of cotton. "We buy roughly 1 percent of the cotton available in the world," says Letitia Webster, VF's senior director of sustainability. Her job is to both reduce the company's greenhouse gas footprint and reduce its risks from climate change.

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Business
3:43 pm
Mon August 25, 2014

Some Call For More Sharing In Ridesharing

Lyft driver Danielle Kerley showcases the company's iconic mustache, which is displayed on cars used in the service.
Aarti Shahani NPR

Originally published on Thu August 28, 2014 9:43 am

Taxicabs are fighting tooth and nail against Uber, the company that enables car owners to drive part time or full time for pay, like cabbies.

But behind this battle, there's another one brewing inside the world of ridesharing. Uber and its competitors in San Francisco are sparring over cash, over drivers, and over some basic values, too.

But a researcher says branding the startups Uber and Lyft as ridesharing services isn't quite accurate. Now, an emerging set of services promises to be more about sharing.

Chauffeur Vs. Your Friend With A Car

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Business
9:56 am
Sat August 23, 2014

Uber Greases The Wheel With Obama's Old Campaign Manager

Uber is hiring David Plouffe, the mastermind of Obama's 2008 campaign, to power its own political strategy. What can a tech-savvy political animal offer a ride-sharing service?
Charles Dharapak AP

Originally published on Sat August 23, 2014 10:48 am

President Obama's former campaign manager has gone to work for Uber. The ride-sharing start-up based in San Francisco has hired David Plouffe in hope that the political strategist who helped elect a president can steer the company through a thicket of local regulatory disputes.

This new power couple raises some questions:

Why does Uber need one of the best political strategists in the country?

First off, they can afford him. The company is valued at $18 billion. NPR tried to find out what Plouffe is getting paid, but Uber won't say.

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Business
2:47 am
Mon August 18, 2014

For Food Startups, Incubators Help Dish Up Success

Whisked bakery founder Jenna Huntsberger (right) and baker's assistant Lauren Moore prepare pies in Union Kitchen, a food incubator in Washington, D.C. Huntsberger says the shared kitchen space and the business know-how she's honed there have played a big part in her success.
Meredith Rizzo NPR

Originally published on Tue September 30, 2014 7:08 pm

If you want to get in shape, you can join a gym. But if you want to start a food business, where do you go?

Try a culinary incubator.

Just as gym members share workout equipment, members of many food incubators share commercial kitchen space.

Incubators also offer business support and technical assistance — like branding, sales and distribution — to help "foodpreneurs" get off the ground.

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Business
6:35 am
Thu August 14, 2014

Ridesharing: A Tale of Two Cities

Credit Via: https://www.uber.com/cities/baton-rouge

The ridesharing company Uber has gotten a mixed reception in Louisiana. WWNO's Malorie Marshall has been following the company’s foray into New Orleans, where politicians and members of the taxi industry have been resistant.

Meanwhile, Baton Rouge has seized on the opportunity, quickly passing an ordinance that allowed Uber to get rolling in the capitol city in July. A couple weeks later, I opened up Uber’s app on my smartphone to see if I could catch a ride.


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Business
1:46 pm
Tue August 12, 2014

Many Women Leave Engineering, Blame The Work Culture

Respondents in a survey of women with engineering degrees said that many companies did not provide opportunities for women like them to advance and develop.
iStockphoto

Originally published on Wed August 13, 2014 7:57 am

From the aerospace sector to Silicon Valley, engineering has a retention problem: Close to 40 percent of women with engineering degrees either leave the profession or never enter the field.

Conventional wisdom says that women in engineering face obstacles such as the glass ceiling, a lack of self-confidence and a lack of mentors. But psychologists who delved deeper into the issue with a new study found that the biggest pushbacks female engineers receive come from the environments they work in.

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Business
9:07 am
Sun August 10, 2014

B&B Vs. Airbnb: Competition And Common Ground Between Traditional Inns And The New Sharing Economy

The common living Area at H and H Whitney House, a traditional bed and breakfast on Esplanade Avenue.

Originally published on Tue August 12, 2014 3:01 pm

The New Orleans City Council voted in July to rewrite the law regarding short-term rentals. But a lot remains to be decided about what that law should look like.

One of the biggest arguments against unlicensed vacation rentals typified by Airbnb is that they pose an unfair advantage because they’re not subject to the same permitting and taxation requirements as traditional bed and breakfasts.

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