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Business
2:24 am
Tue May 21, 2013

CEO Cook To Defend Apple Before Senate Committee Hearing

Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. The report says Apple avoids billions in tax payments mainly by shifting profits to three subsidiary companies in Ireland.

Business
2:22 am
Tue May 21, 2013

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

In Tampa, Fla., Tuesday, JPMorgan Chase holds its annual shareholder meeting. They will vote on a key measure: Whether to strip CEO Jamie Dimon of his title of chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shots - Health News
1:01 am
Tue May 21, 2013

Texas Medicaid Debate Complicated By Politics And Poverty

When the sun rises over the Rio Grande Valley, the cries of the urracas – black birds – perched on the tops of palm trees swell to a noisy, unavoidable cacophony. That is also the strategy, it could be said, that local officials, health care providers and frustrated Valley residents are trying to use to convince Governor Rick Perry and state Republican lawmakers to set aside their opposition and expand Medicaid, a key provision of the federal health law.

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Parallels
12:59 am
Tue May 21, 2013

The Global Afterlife Of Your Donated Clothes

On a bright and warm Saturday morning, there's a steady flow of people dropping off donations at Martha's Table, a charity in downtown Washington, D.C. A mountain of plastic and paper bags stuffed with used dresses, scarves, skirts and footwear expands in one corner of the room. Volunteers sort and put clothes on hangers. They'll go on sale next door, the proceeds of which will help the needy in the area.

It's a scene played out across the U.S.: people donating their old clothes, whether through collection bins or through large charities, to help others.

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All Tech Considered
3:28 pm
Mon May 20, 2013

With New Xbox, Microsoft Makes A Bigger Play For Living Room

Credit Ric Francis / AP
An Xbox 360 video presentation at the E3 Media and Business Summit in Los Angeles in 2008. Microsoft is scheduled to introduce its newest Xbox on Tuesday.

Originally published on Mon May 20, 2013 7:00 pm

Microsoft hasn't exactly had a great couple of years.

Its new Windows 8 operating system was held responsible for the drop in PC sales last quarter. Sales of its Windows Phones lag far behind both the iPhone and Google's Android phones.

The light in the darkness for Microsoft has been the Xbox 360, which has been the top-selling game console for over two years — beating out both the Nintendo Wii and Sony's PlayStation. On Tuesday, Microsoft is expected to announce a new version of the Xbox.

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Business
3:28 pm
Mon May 20, 2013

Boeing's Dreamliner Returns To U.S. Skies After Grounding

Originally published on Mon May 20, 2013 7:00 pm

Transcript

ROBERT SIEGEL, HOST:

Boeing's 787 jetliners are returning to the skies. Four months ago, the entire fleet was grounded following serious battery problems on two jets, but the batteries have now been redesigned. Planes have been retrofitted, and airlines are beginning to put them back into service. Today, United Airlines, the only U.S. carrier flying the 787, put two of them back into service. NPR's Wendy Kaufman reports.

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Business
3:28 pm
Mon May 20, 2013

What Makes Start-Up Tumblr Worth $1.1 Billion?

Originally published on Mon May 20, 2013 7:00 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, it's ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

I'm Robert Siegel. Some big numbers are being thrown around in Silicon Valley today. This morning, Yahoo CEO Marissa Mayer announced that Yahoo is buying Tumblr, a social media and blogging startup. The price, $1.1 billion and that for a site which last year earned a tiny fraction of that amount in revenue.

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All Tech Considered
2:29 pm
Mon May 20, 2013

Yahoo's Other Billion Dollar Bets: Where Are They Now?

Credit Mark J. Terrill / AP
GeoCities employees pose for a picture in 1999 after the Yahoo acquisition was announced. Yahoo quietly shut down GeoCities a decade later.

Originally published on Mon May 20, 2013 3:57 pm

Yahoo's $1.1 billion purchase of Tumblr could be considered a bargain compared with its other big-dollar bets. The company's history is dotted with pricey purchases of once-hot Web properties that had more promise than eventual purpose. A look back:

GeoCities, 1999: $3.7 Billion

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The Salt
1:27 pm
Mon May 20, 2013

Washington State Butcher Spikes Pig Feed With Weed

Credit Courtesy of BB Ranch
William von Schneidau, who owns the BB Ranch butcher shop at Pike Place Market in Seattle, has made prosciutto from pigs fed marijuana.

Originally published on Mon May 20, 2013 3:16 pm

William von Schneidau, an intrepid butcher in Seattle, is giving a whole new meaning to "potbelly pig." Lately, he's been feeding marijuana refuse to the pigs he turns into prosciutto for BB Ranch, his butcher shop in the city's famous Pike Place Marke

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Planet Money
9:28 am
Mon May 20, 2013

Ask A Banker: Capital, Capital!

Originally published on Mon May 20, 2013 9:39 am

Hi, it's Ask a Banker! You should send us questions on email or Twitter, but this particular question, though timely, was made up by me, sorry:

Q. Should banks be required to hold much more capital as a safety net? Or should they be putting that money to productive use by lending it out instead?

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The Two-Way
6:50 am
Mon May 20, 2013

Pledging Not To 'Screw It Up,' Yahoo Seals Deal For Tumblr

Credit Fred Dufour / AFP/Getty Images
They're coming together: Yahoo will pay $1.1 billion to acquire Tumblr.

Originally published on Mon May 20, 2013 7:06 am

The news that broke Sunday is now official.

Yahoo confirmed early Monday morning that it is buying Tumblr in a deal worth about $1.1 billion. "Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business," Yahoo added.

In its statement announcing the deal, Yahoo says that:

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Business
2:56 am
Mon May 20, 2013

Yahoo To Buy Tumblr In An Attempt To Revitalize Itself

Originally published on Mon May 20, 2013 3:06 am

Yahoo is expected to announce Monday that it's acquiring the social media site Tumblr, in a deal The Wall Street Journal and other news outlets are reporting to be worth about $1.1 billion. Some analysts are calling the acquisition an effort by Yahoo to be "cool and relevant" again.

Energy
2:56 am
Mon May 20, 2013

Calif. Law To Require Ships To Cut Pollution

Originally published on Mon May 20, 2013 3:28 am

California is about to become the first state to require shore power at its ports. A new law mandates at least half of a shipping line's fleet to shut down their diesel engines and plug into shore-side electric power when they unload their cargo. It's part of a larger effort to cut pollution at the state's busiest ports, but costs have been a sticking point.

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