Originally published on Tue February 5, 2013 11:56 am
"Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft," The Associated Press writes, in "the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this."
The wire service adds that "the complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company. Shareholders are receiving $13.65 per share for their stock. ... Founder Michael Dell will remain the company's CEO and largest shareholder."
Originally published on Tue February 5, 2013 1:56 pm
Politics is filled with thankless jobs.
It's the nature of the business that plenty of people have to work for highly demanding egomaniacs. Among elected officials, few relish having to spend big chunks of their time asking other people for money, one of the essential chores.
There are certain jobs, however, that appear from the outside to be so hopeless that you wonder why anyone agreed to take them on.
October 2011: Men stand on the rubble of a building destroyed by a U.S. drone strike in southeastern Yemen. Among those killed was U.S. citizen Abdulrahman al-Awlaki, the son of U.S.-born cleric Anwar al-Awlaki — who himself was killed by a drone strike the month before.
From 'Morning Edition': Carrie Johnson talks with Steve Inskeep
American citizens who become leaders in al-Qaida or other terrorist organizations overseas and pose "an imminent threat" to Americans may be killed with drone strikes even when there's no evidence that they have specific plans to attack Americans or U.S. interests, according to a Justice Department memo that surfaced Monday.
NPR's Carrie Johnson tells our Newscast Desk that:
Good morning. I'm Renee Montage. As one considers the many ways of wooing a beloved on Valentine's Day, the ungainly tuba and its deep bass sound are not the most obviously romantic. Still, a dozen tuba players at the University of Memphis in cute red vests and bow ties are offering a tuba serenade that will at least bring smiles. Their fee includes chocolates, a card, and two classic tunes like "My Girl" and "My Guy."
Abbottabad, Pakistan became world famous in 2011. Osama bin Laden was killed at his hiding place there. Now, the city plans an image makeover. It plans a family-friendly amusement park. The Hazara Heritage Park and Amusement City will include restaurants, mini golf, a butterfly zoo and a lake. A lawmaker tells the Guardian newspapers the park should reassure the world the city is not full of militants and is safe.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Originally published on Tue February 5, 2013 7:42 am
On one level, See Now Then, Jamaica Kincaid's first novel in a decade, is a lyrical, interior meditation on time and memory by a devoted but no longer cherished wife and mother going about the daily business of taking care of her home and family in a small New England town. But it is also one of the most damning retaliations by a jilted wife since Nora Ephron's Heartburn. See Now Then reads as if Gertrude Stein and Virginia Woolf had collaborated on a heartbroken housewife's lament that reveals an impossible familiarity with Heartburn and Evan S.
The U.S. Justice Department plans to file a civil suit this week accusing the credit rating company Standard and Poor's of fraud. Standard and Poor's is the company that famously downgraded U.S. debt in 2011. This investigation focuses on S and P's actions before the financial crisis. The civil action accuses S and P of fraudulently inflating the ratings of mortgage investments, setting them up for the crash that lead to the great recession. The investigation is the focus of today's Business Bottom Line, and here's NPR's Jim Zarroli.
A $24.4 billion buyout that would take computer maker Dell private was announced Tuesday. The group negotiating to buy the company includes private equity firm Silver Lake, Microsoft and Dell's founder Michael Dell.
Now, on the same as that funeral, President Obama continued his push for tougher gun laws. He was talking yesterday in Minneapolis on a subject he is expected to address in next week's State of the Union speech.
President Obama delivers his State of Union address a week from today. That speech is expected to expand on proposals the president put forth at his inauguration. One surprise in his inaugural address was a call to do more on climate change - that after a campaign that mostly ignored concerns about the environment. NPR's Ari Shapiro looks at what environmental groups are expecting now.
ARI SHAPIRO, BYLINE: President Obama's inaugural address spent a full eight sentences on climate, more than any other subject.
And our last word in business is: America's pizza crisis solved.
For decades, Pizza Hut has been researching ways to improve the flawed pizza consumption process. Until recent years, Americans were forced to hold the slice two-handed, you know, with the finger up under the point, or fold it in half like Spike Lee in "Do the Right Thing." Pizza Hut has never felt that was good enough, and they're trying for something better.