The Trick To Selling Fancy Wine From New Jersey: Don't Say It's From New Jersey
Instead, say it's from the "Outer Coastal Plain." (It's part of a plan to kick the state's reputation for making cheap wine.)
Business
Doraemon Beats Godzilla's Box Office Record
The little blue robot cat named Doraemon has beat the movie record of the giant radioactive reptile, according to The Wall Street Journal.
Amazon Aquires Goodreads Website
The social website Goodreads, where readers share reviews and book picks, got picked up by online retail giant Amazon on Thursday. The price hasn't been disclosed. Goodreads has about 16 million members.
NPR To Drop Call-In Show 'Talk Of The Nation'
NPR executives announced Friday that they will stop production of Talk of the Nation this summer. The call-in program will be replaced with Here and Now, a newsmagazine that will be a co-production of Boston member station WBUR and NPR.
Farm Bill's Sugar Subsidy More Taxing Than Sweet, Critics Say
A government sugar subsidy program is often criticized for keeping sugar prices too high. But now prices are falling and the government may buy 400,000 tons of sugar to help struggling sugar processors. Critics say the government's involvement in the sugar business should end.
IMF: Gas Prices Don't Reflect True Costs
The IMF says that price of gasoline in the U.S. covers the cost of producing and distribution gasoline but it doesn't reflect the costs that gasoline consumption imposes on society — in the form of traffic, congestion, pollution and global warming. Linda Wertheimer talks to David Wessel, economics editor of The Wall Street Journal, about a new IMF report on energy subsidies.
After 2-Week Closure, Cypriot Banks Reopen
The Mediterranean island nation's leaders are hoping to prevent a bank run. Customers could see limits on cash withdrawals that could last for months. The terms of the bailout deal are a shocking outcome for a country which built itself on its banking industry.
Yahoo Buys News App From British Teenager For A Reported $30 Million
Yahoo has purchased a news reading app from its developer for $30 million. The twist is that the person who created it is 17-year-old Nick D'Aloisio. He lives in England. The acquisition is the latest in a series of high profile moves Yahoo has made recently.
Law Says Insurers Should Pay For Breast Pumps, But Which Ones?
Health insurers are obligated to cover pumps to help moms breast-feed. But there is a variety of equipment. Some nursing mothers prefer faster, electric models that cost more. Insurers may say a less expensive manual pump would do just fine.
Judge Approves Hostess Snack Food Sales
Twinkies, Ho Hos and Ding Dongs will go to a pair of private equity firms. Wonder Bread will be sold to snack food maker Flowers Food. The Beefsteak brand of bread will go to a Mexican company.