Economy

Tech Week: Smartphone Privacy, Cyberstalking, Alibaba's Big Debut

Chinese e-commerce giant Alibaba makes the biggest debut on the NYSE ever. The details, and the other tech stories that piqued our interest, are in this week's roundup.

With Alibaba IPO, Yahoo Reaps A Big Reward From Risky Bet

Yahoo co-founder Jerry Yang made a smart move when his company invested in a Chinese e-commerce firm called Alibaba in 2005. With this week's Alibaba IPO, Yahoo will gain nearly $8 billion.

All Things Considered

What's In A Name? For Alibaba, It's 'Treasure'

Why does a Chinese company have an Arabic name? Melissa Block and Robert Siegel take us back to the San Francisco coffee shop where company CEO Jack Ma reportedly came up with the name.

To Foil Russia's Food Ban, Imported Ingredients Go Incognito

Russia's ban on imported foods hasn't stopped its trendiest restaurants from sourcing top-quality ingredients like Italian cheese and Norwegian fish. How? Just slap on a "made in Belarus" label.

A Single Insurer Holds Obamacare's Fate In 2 States

Where have the insurance marketplaces created by the Affordable Care Act struggled the most? The answer lies in commerce, not politics.

Alibaba Shares Surge On First Day Of Trading

Shares of the Chinese e-commerce giant opened at $92.70 a share on the New York Stock Exchange today, making it the biggest initial public offering in U.S. history. They were priced at $68 a share.

Iconic Pabst Beer Brands Sold To Russian Company

Pabst Brewing Co., with its famous Blue Ribbon, Old Milwaukee and Schlitz labels, is being acquired by Russian brewer Oasis Beverages for an undisclosed sum.

Morning Edition

Alibaba's Initial Public Offering Is One Of The Largest Ever

Chinese e-commerce powerhouse Alibaba begins trading on the New York Stock Exchange on Friday. The IPO values Alibaba at $168 billion when it begins trading.

Morning Edition

'Portland, Maine' Is Tim McGraw's Break Up Song

Portland's spokesman says whoever it was that broke Tim McGraw's heart in that song made a good choice moving to Portland. She says the mayor would happily give the singer a personal tour of the city.

Morning Edition

Retailers' Customers Cautioned As Cyber Attacks Continue

Home Depot says some 56 million card holders were possibly compromised in a cyber attack. It says there's no evidence that debit PIN numbers were comprised or that the breach affected online shoppers.

Week In Review: Casino Decision, Test Scores, Governor’s Race

September 19, 2014
A proposed resort casino on the banks of the Mystic River in Everett, Mass. (AP)

We ask our panelists about the casino deal for Everett, the latest MCAS test scores and a check-in on politics from Scott Brown and Jean Shaheen to Martha Coakley and Charlie Baker.

US Men Falling Away From The Workforce

September 19, 2014
Carpenters measuring exterior sheathing at a construction site. (Getty Images)

In 1954, almost 98 percent of American men of prime working age were employed, compared to 88 percent in 2014.

Wall Street Opens Doors For Alibaba

September 19, 2014
Alibaba Group signage is posted outside the New York Stock Exchange prior to the company's initial price offering (IPO) on September 19, 2014 in New York City. (Andrew Burton/Getty Images)

Alibaba shares rise 36 percent to open at $92.70 in its much anticipated public debut on the New York Stock Exchange.

Raise Employees’ Wages, Not Their Expectations Of A Tip

September 19, 2014
Cody Fenwick: "Servers and other tipped staff live off the avails of a lopsided exchange." Pictured: An envelope that Marriott will be placing in 160,000 hotel rooms in the U.S. and Canada beginning this week to encourage guests to leave a tip for the person who cleans the room. The envelopes bear the name of the room attendant. Marriott is launching the project with Maria Shriver, founder of A Woman’s Nation, an organization that works on issues empowering women. (A Woman’s Nation/AP)

Servers and other tipped staff live off the avails of a lopsided exchange.

Mass. Loses 5,300 Jobs In August As ‘Temporary Job Disruptions’ Are Cited

September 18, 2014
Though not mentioned by name, protesting Market Basket workers, like those seen here last month in Tewksbury, likely affected the state jobs figures. (Jesse Costa/WBUR)

Though Market Basket is not cited by name, the state jobs report makes an apparent reference to workers who were off the job there last month.

Federal Reserve Will Keep Interest Rates At Record Low

September 17, 2014

The Federal Reserve says it plans to keep interest rates near zero because a broad range of U.S. economic measures remain subpar.

Three Years Later, Where Is the Occupy Movement?

September 17, 2014
Author and journalist Matt Taibbi speaks to a crowd of Occupy Wall Street protestors after a march on the offices of pharmaceutical giant Pfizer, Wednesday, Feb. 29, 2012, in New York. (John Minchillo/AP)

The Occupy Wall Street, which started as a protest of corporate greed, is now tackling student loan debt.

Harvard Study Warns Business Community Of Economic Inequality Risks

September 16, 2014
A new Harvard Business School report joins in the chorus of concern about economic inequality. (nsub1/Flickr)

The voices warning us about the dangers of economic inequality are starting to come out of the deep trenches of the business community.

Detroit’s Post-Bankruptcy Blues

September 16, 2014
Monument to Joe Louis in downtown Detroit. (memories_by_mike/Flickr)

Detroit is one step closer to ending its bankruptcy ordeal, but it doesn’t mean the city’s revenue problems will be over.

Rising Income Inequality Linked To State Tax Revenues Decreasing

September 16, 2014
States rely on sales tax and income tax for the bulk of their revenues. But the growing income gap means states are more dependent on wealthy people for income tax collection, making planning future budgets more difficult. (alancleaver/Flickr)

A new report shows that growing income inequality is contributing to a decline in state tax revenues.

Fed Gathers For Decision On End Of Bond Buying

September 16, 2014
Federal Reserve Chair Janet Yellen pictured here testifying before the House Financial Services Committee on July 16, 2014. The Fed is meeting today and tomorrow to discuss quantitative easing and short term interest rates. (Mandel Ngan/AFP/Getty Images)

The Federal Reserve meets today and tomorrow to chart out a course to end the bond-buying program known as quantitative easing.

Boston Area’s Economic Growth Slowed Last Year

September 16, 2014
New England metro GDP growth in 2013

Greater Boston’s economy grew 1.6 percent in 2013. The metro area expanded 2.5 percent the year before.

And Baby Makes Five: Married Life, With Roommates

September 16, 2014
Theron Tingstad: "There is something special about sharing periods of your life with people who, while not family, are more than friends." (polaroidjesus/Flickr)

There is something special about sharing periods of your life with people who, while not family, are more than friends.

Northeastern Study: Not Enough Spots In Massachusetts Vocational Schools

September 15, 2014
Students work on a car at Worcester Technical High School. (US Department of Education/Flickr)

Among the issues the next Massachusetts governor will face is a growing disconnect between the number of manufacturing jobs available in the state, and workers with enough skills to fill those positions.

Massachusetts Gas Prices Down 2 Cents

September 15, 2014

The price of a gallon of gasoline in Massachusetts still lags behind the national average.

Demand For American Eel Is Concern For Scientists

September 12, 2014
Eels in the Pilgrim Lake Run, Orleans, MA. (Brad Chase/MADMF)

A ban on European eels coupled with a decline in Japanese eel stock has increased the demand for American eels.

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