Business

With Amazon reportedly moving into the online grocery delivery arena, Audie Cornish speaks with industry analyst Bill Bishop of the consulting group Brick Meets Click, about what the online giant stands to gain or lose with its latest foray.

Amazon already delivers everything from toothpaste to televisions to your doorstep. Now, it wants to bring your berries and beer, too.

One of the foremost breast cancer charities, the Susan G. Komen foundation, has canceled important fundraising walks in Washington, D.C., and other major cities next year.

Box office receipts in China reached new highs last year, and American filmmakers want to tap into that market. Host Michel Martin speaks with Los Angeles Times reporter John Horn, about the growth of the Chinese movie market, and how Hollywood plans to cash in.

Mayor Michael Bell hopes Chinese investment will help revive his blue-collar city. He helped broker a deal to sell a chunk of Toledo's waterfront to Chinese investors. Host Michel Martin and Mayor Bell discuss investments with China and what he thinks President Obama and China President Xi Jinping can accomplish during their U.S. visit.

As The Associated Press writes, "a defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision."

The Detroit Free Press says the company has "put its reputation for safety and quality on the line" by initially saying "no" to the National Highway Traffic Safety Administration's request.

For the last five years, graduation day has been as much a time for apprehension as for celebration.

Even now, with the Great Recession over, many recent graduates are still struggling to turn their high school and college diplomas into tickets for a better life. The unemployment rate for Americans under age 25 remains more than double the overall rate of 7.5 percent.

There were 135,000 jobs added to private employers' payrolls in May, according to the latest ADP National Employment Report, which was released Wednesday morning.

Rebekah Brooks, the former News International chief executive and former top editor at the tabloid News of the World, pleaded not guilty to five charges related to the phone hacking scandal that has rocked England.

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LINDA WERTHEIMER, HOST:

Apple could face problems with some of its older models of iPhones and iPads in the U.S. This, after the U.S. Trade Commission ruled yesterday that the devices violated a patent owned by Apple's archrival, Samsung.

The ruling is unlikely to have a big impact on Apple's earnings. But as NPR's Steve Henn reports, the decision raises more questions about how the U.S. patent system can be used.

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LINDA WERTHEIMER, HOST:

Now we turn to a scathing report on expensive conferences held by the IRS. The report by the agency's own inspector general noted the IRS spent about $50 million on employee meetings between 2010 and 2012.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Some of the most egregious examples of questionable spending occurred at a 2010 gathering in Southern California. The IRS paid dearly for some lavish hotel rooms, and spent $34,000 for lodging and related expenses for employees who lived nearby.

For the past five years, graduation day has been a time of apprehension as much as celebration. Prospects for those entering the workforce for the first time were bleak. The class of 2013 — whether from high school or college — has cause for more optimism than previous classes.

Blockbuster console game franchise Halo is going to have a new installment for mobile phones. Microsoft made the announcement Tuesday. It's a confirmation of the way the gaming industry is going, away from relying on $60 console games and closer to mobile and micropayments.

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RENEE MONTAGNE, HOST:

NPR's business news begins with a big no from Chrysler.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Detroit automaker is taking the unusual step of defying the government by refusing to recall some 2.7 million of its vehicles. Federal safety officials say 1993 to 2004 Jeep Grand Cherokees and the 2002 to 2007 Jeep Liberties are dangerous and should be taken off the road. The National Highway Traffic Safety Administration says rear-mounted gas tanks in those vehicles are vulnerable to leaking and catching fire in rear-end collisions.