Business

Business
2:37 am
Wed April 25, 2012

Activists Disrupt Wells Fargo Shareholders Meeting

Originally published on Wed April 25, 2012 4:33 pm

Transcript

RENEE MONTAGNE, HOST:

And there were protests and arrests at the Wells Fargo annual shareholders meeting in San Francisco yesterday. The demonstration - led by the Occupy Movement - was over the bank's foreclosure and lending policies. Hundreds of protesters bought bank shares so they could attend the meeting and disrupt proceedings. [POST-BROADCAST CORRECTION: While hundreds sought to disrupt the meeting, several dozen people representing community groups had purchased stock.]

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Business
2:37 am
Wed April 25, 2012

Are Bribes The Norm In Mexico's Business Culture?

Originally published on Wed April 25, 2012 6:42 am

Transcript

STEVE INSKEEP, HOST:

Wal-Mart's stock price has fallen sharply this week. That comes after The New York Times reported that the retailer's rapid growth in Mexico involved systematic bribery. Stock prices have also fallen for Wal-Mart's Mexico subsidiary Walmex.

This negative reaction came, even though financial journalist Eduardo Garcia in Mexico City, says bribery is a normal part of business in Mexico.

Was anybody in the business community in Mexico surprised to hear these allegations against Wal-Mart?

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Economy
1:05 am
Wed April 25, 2012

Fed Chief Bernanke To Discuss Sluggish Economy

Federal Reserve Chairman Ben Bernanke has issued cautions about the economy.
Jim Watson AFP/Getty Images

Originally published on Wed April 25, 2012 6:34 am

Policymakers at the Federal Reserve wrap up a two-day meeting Wednesday and will explain what they plan to do about interest rates. The consensus seems to be they'll keep short-term rates near zero to help support the lagging economy.

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Asia
1:01 am
Wed April 25, 2012

Carmakers In China Rev Up As Industry Shifts East

China is now the world's largest market for cars, and the Auto China 2012 car show is now taking place in Beijing. Here, the Denza electric car, a joint creation by Daimler and Chinese manufacturer BYD, is unveiled Monday.
AP

Originally published on Wed April 25, 2012 4:24 pm

The Beijing auto show runs this week in what is now the world's largest car market, and a crucial one for Detroit companies.

General Motors just announced it will open 600 more dealerships in China, where it sells more cars than it does in the U.S. Last week, Ford announced construction of its fourth Chinese assembly plant.

For longtime American auto executives in China, witnessing the shift in the global auto industry is dramatic.

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Education
11:36 pm
Tue April 24, 2012

Negotiating The College Funding Labyrinth

About 7 out of 10 students borrow money to pay for college. Here, a Stanford University student walks through the campus in Palo Alto, Calif.
Paul Sakuma AP

Originally published on Wed April 25, 2012 8:16 am

Now that your child has gotten into college, have you figured out how much it's actually going to cost — and who's going to pay for it?

These questions are hitting college-bound students and their parents right about now, along with the other million questions that nobody seems to have straight answers for. Paying for college can be complicated, if not mind-boggling.

Roughly 7 out of 10 students borrow money to pay for college, and for many, the process might as well be a mystery wrapped in a riddle.

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Media
2:24 pm
Tue April 24, 2012

James Murdoch Grilled On News Corp.'s Standards

Originally published on Tue April 24, 2012 3:37 pm

Transcript

MELISSA BLOCK, HOST:

Rupert Murdoch's son James testified today before a public inquiry in Britain. There, he faced a fundamental question: Did his family use its media influence to bully British politicians into making decisions that advanced the Murdoch's corporate interests? NPR's Philip Reeves followed the hearing in London.

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The Two-Way
12:44 pm
Tue April 24, 2012

With 'Drive,' Google Joins The Cloud Storage War

Google Drive.
Google

After years of speculation and rumor, today Google announced Google Drive, a new service that allows users to store data on the cloud.

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The Two-Way
10:24 am
Tue April 24, 2012

Government Files First Criminal Charges In BP Oil Spill

Fire boats battle a fire at the off shore oil rig Deepwater Horizon in April of 2010.
U.S. Coast Guard Getty Images

Originally published on Tue April 24, 2012 12:31 pm

"The first criminal charges in connection with the BP oil spill have been filed against a former BP engineer named Kurt Mix," NPR's Carrie Johnson reports exclusively.

Carrie just told our Newscast unit that Mix has been charged with obstruction of justice for allegedly deleting text messages after the spill. The texts were related to the amount of oil gushing into the Gulf. Mix will make his first appearence in court today.

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Business
3:11 am
Tue April 24, 2012

Business News

Originally published on Tue April 24, 2012 5:30 am

Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.

Business
3:11 am
Tue April 24, 2012

Former Icelandic Leader Tried On Economic Collapse

Originally published on Tue April 24, 2012 5:54 am

Transcript

RENEE MONTAGNE, HOST:

And let's turn now to the first political leader to be put on trial for his role in the global banking crisis. Yesterday, a special court in Iceland found that country's former prime minister guilty of essentially mishandling the banking bubble that led to Iceland's financial collapse.

Michael Stothard has been covering this trial for The Financial Times. He joined us to talk more about it. Good morning.

MICHAEL STOTHARD: Good morning.

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Business
3:11 am
Tue April 24, 2012

GM To Add 600 Chinese Dealerships

Originally published on Tue April 24, 2012 6:29 pm

Transcript

STEVE INSKEEP, HOST:

General Motors is making a bigger effort in what's become the world's biggest car market. At the Beijing Auto Show this week, GM said it plans to open 600 new dealerships in China this year. GM is trying to grow Chinese sales while they still can.

NPR's Frank Langfitt reports from Shanghai.

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Business
3:11 am
Tue April 24, 2012

The Last Word In Business

Originally published on Tue April 24, 2012 5:34 am

Victoria Beckham has teamed up with Range Rover to produce a special edition Evoque luxury SUV. The former Spice Girl, married to soccer star David Beckham, has designed fashion lines before, but says this is her first foray into automobiles.

Business
3:11 am
Tue April 24, 2012

Bribery Accusations Hurt Wal-Mart's Stock Price

Originally published on Tue April 24, 2012 4:41 am

Wal-Mart could face significant legal liability following a report accusing the company of systematic bribery in Mexico. A report in The New York Times claims Wal-Mart officials in Mexico paid more than $20 million in bribes to help the company open more stores there. The story also says top Wal-Mart executives in the U.S. looked the other way. The company's stock price fell nearly 5 percent Monday.

Media
3:11 am
Tue April 24, 2012

British Panels Continue Probe Into Press Abuses By News Corp.

Originally published on Tue April 24, 2012 4:58 am

Transcript

RENEE MONTAGNE, HOST:

The scandal that's engulfed Rupert Murdoch's News Corp is taking center stage in London, at the Royal Courts of Justice, once again. Here, his son James Murdoch.

JAMES MURDOCH: I swear by the mighty God that the evidence I shall give shall be the truth, the whole truth and nothing but the truth.

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Family Matters: The Money Squeeze
1:29 am
Tue April 24, 2012

Preparing For A Future That Includes Aging Parents

Natasha Shamone-Gilmore (right) attends church with her husband, Curtis Gilmore (center), and her father, Franklin Brunson, 81. Shamone-Gilmore moved Brunson into her Capitol Heights, Md., home after he developed dementia.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 8:52 am

Planning a wedding is exciting.

Mapping out a vacation is fun.

Figuring how to afford care for your confused, elderly father? That one may never cross your mind — at least, not until you need more money to care for him.

"Never thought about it," Natasha Shamone-Gilmore, 58, says about her younger self. "Never ever."

She thinks about it a lot these days. Shamone-Gilmore, a computer trainer in Maryland, now shares a modest home with her husband, 24-year-old son and 81-year-old father.

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Business
3:39 pm
Mon April 23, 2012

Bankrupt American Airlines Spars With Unions

American Airlines and American Eagle employees protest Monday in New York City against American's plans to cut jobs and labor costs while under bankruptcy court protection. American is seeking permission to break up union contracts and cut expenses, but the unions oppose those plans and support a potential takeover bid by US Airways.
Spencer Platt Getty Images

Originally published on Mon April 23, 2012 6:24 pm

With US Airways breathing down its neck, making nice with its unions as well as its creditors, American Airlines came to New York City on Monday to ask a federal bankruptcy judge for relief. Mostly, American wants relief from its unions — 13,000 jobs would be eliminated under its reorganization proposal. American has been hemorrhaging money for years and wants to lower its costs to compete.

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Media
3:04 pm
Mon April 23, 2012

Murdochs, News Corp Face Big Week Of Investigations

Originally published on Mon April 23, 2012 5:39 pm

Transcript

MELISSA BLOCK, HOST:

You're listening to ALL THINGS CONSIDERED.

In Britain, the allegations keep coming of illegal behavior by Rupert Murdoch's News Corporation. Today, an investigation was announced into email hacking by Sky News. News Corp's British operations already stand accused of phone hacking, along with bribing police officers.

As NPR's David Folkenflik reports, the new investigation comes just before Murdoch is scheduled to testify on the sandal.

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World
3:04 pm
Mon April 23, 2012

Mexican Bribery Allegations Put Wal-Mart On Defense

Originally published on Mon April 23, 2012 5:39 pm

Transcript

ROBERT SIEGEL, HOST:

Lawmakers in the U.S. and Mexico called today for an investigation into Wal-Mart. That's after a damaging story published in The New York Times on Sunday. The Times reported that Wal-Mart's Mexico subsidiary engaged in a massive campaign of bribery, paying more than $24 million to obtain permits to expand its stores across Mexico.

MELISSA BLOCK, HOST:

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Your Money
3:04 pm
Mon April 23, 2012

How Long Will Social Security Last?

Originally published on Mon April 23, 2012 5:39 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The Social Security Trust Fund is being squeezed. It's now projected that the trust will no longer be able to fully fund benefits starting in 2033. That's more than two decades from now, but the new depletion date, as it's called, is three years earlier than last year's projections.

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It's All Politics
11:58 am
Mon April 23, 2012

Romney Backs Extension Of Student Loan Relief

Originally published on Mon April 23, 2012 1:08 pm

Mitt Romney on Monday endorsed the idea of extending a law that curbs interest rates paid by some recipients of federal student loans, a cause that President Obama has made a campaign issue.

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Planet Money
9:28 am
Mon April 23, 2012

What America Owes In Student Loans

Lam Thuy Vo NPR

Originally published on Mon November 26, 2012 6:42 pm

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The Salt
8:53 am
Mon April 23, 2012

Don't Call It A Malbec: Europe Sours On British Winery's Plan

The European Union is forcing a British winery to give away wine made with Argentinian Malbec grapes. Here, a cluster of Malbec grapes hang from a vine.
Eric Risberg AP

Originally published on Mon April 23, 2012 9:17 am

A British winemaker has finally been given official approval to release a limited-edition wine made in collaboration with Malbec grape growers in Argentina, on one condition: It can't sell the wine, or label it a Malbec. Actually, it can't even call it wine at all.

The Chapel Down winery's only option for getting rid of its wine is to give it away as a sample, calling it a "fruit-derived alcoholic beverage from produce sourced outside the EU."

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Europe
2:42 am
Mon April 23, 2012

Germany Debates Fate Of State-Owned Banks

Originally published on Mon April 23, 2012 5:23 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

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Business
2:42 am
Mon April 23, 2012

The Last Word In Business

Originally published on Mon April 23, 2012 5:03 am

The denim store in Kobe, Japan, sells jeans for $350. The store is able to sell a pair of jeans for that price because it's tapped into a Japanese subculture that is obsessed by 1950s Americana.

Politics
2:42 am
Mon April 23, 2012

Charity Status Of Conservative Group Challenged

Originally published on Mon April 23, 2012 4:36 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

Opponents have intensified a campaign against a group that drafts and promotes bills for state lawmakers to enact. The American Legislative Exchange Council, or ALEC, says it stands for limited government, free markets and federalism. The corporate-funded group has promoted much debated ideas - from voter ID rules to stand your ground gun laws.

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Business
2:42 am
Mon April 23, 2012

N.C. Company Handcrafts Artisan Jeans In Raleigh

Originally published on Mon April 23, 2012 7:50 am

Transcript

RENEE MONTAGNE, HOST:

Back a half-century ago, much of North Carolina's work force, 40 percent, got a paycheck from the textile industry. These days, it's less than 2 percent, with many of those lost jobs going overseas.

But one company - Raleigh Denim - has found a way to thrive in North Carolina, by making blue jeans the old-fashioned way. Here's Laurin Penland with the story.

(SOUNDBITE OF MACHINERY)

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Business
2:42 am
Mon April 23, 2012

German Chemical Plant Fire Threatens Auto Backlog

Originally published on Mon April 23, 2012 4:36 am

Transcript

RENEE MONTAGNE, HOST:

Next, we have a tale of globalization, how a single fire at a company in Germany could affect business in Detroit or Shanghai.

STEVE INSKEEP, HOST:

The company is a chemical plant in a town called Marl. An explosion there killed two people. It was a tragedy, but did not seem to have global significance.

MONTAGNE: Until car companies realized that Marl is vital to their business. NPR's Sonari Glinton explains.

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Business
2:42 am
Mon April 23, 2012

Nestle To Buy Pfizer's Infant-Nutrition Line

Originally published on Mon April 23, 2012 5:09 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with an acquisition for Nestle.

(SOUNDBITE OF MUSIC)

Business
2:42 am
Mon April 23, 2012

Continued Job Growth Will Help Housing Industry

Originally published on Mon April 23, 2012 4:36 am

Transcript

STEVE INSKEEP, HOST:

Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.

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Economy
3:06 pm
Sat April 21, 2012

The Export Boom: Who's Buying American?

Container ships are positioned under cranes at the Port of Oakland in California. U.S. exports are up more than 30 percent from just two years ago, when President Obama set a goal of doubling U.S. exports in five years.
Justin Sullivan Getty Images

Originally published on Sat April 21, 2012 7:09 pm

In his State of the Union address two years ago, President Obama argued there were a few things the U.S. needed to do in order to recover from the economic recession. One of them was to export more of our goods around the world.

"The more products we make and sell to other countries, the more jobs we support right here in America," Obama said.

That night, the president unveiled a new goal: to double U.S. exports over the next five years. It would be an increase that the president said would "support two million jobs in America."

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