A British jury has reached verdicts in a trial stemming from a scandal involving hacking by tabloids. Several former editors and executives of Rupert Murdoch's newspapers face charges. Former News of the World editor, Andrew Coulson, was found guilty. Other editors were not. NPR's media correspondent David Folkenflik has been covering this story. Hi, David.
Originally published on Tue June 24, 2014 10:21 am
Former News International leader Rebekah Brooks has been cleared of all misconduct in a headline-grabbing trial revolving around tycoon Rupert Murdoch's British media empire. Andy Coulson, the former editor of News of the World, was found guilty of conspiracy to hack personal voicemails.
NPR's Business News starts with a powerful merger. Consolidation among the companies that feed our electrical grid is continuing with a proposed deal between two power utilities in the Midwest. Chuck Quirmbach of Wisconsin Public Radio reports.
CHUCK QUIRMBACH, BYLINE: Milwaukee-based We Energies says its proposal to buy Chicago-based Integrys for $9 billion is a good fit. We Energies' vice president Rick White says the number of publicly traded electric utilities has been shrinking.
The U.S. economy faces great risks from climate change, according to a new study that focuses on the current and future effects of climate change on everything from jobs, to crop yields, to energy production.
Though the study presents no new climate science, it paints a dire picture of the business and economic effects if action isn't taken, including crop yields that fall by more than 70 percent in the Midwest and billions of dollars' worth of property literally underwater on the East Coast.
The Mexican town of Tequila in the western state of Jalisco is the heart of a region that produces the legendary spirit. Any bottle of tequila must be made from the Weber Blue species of agave, grown and distilled in this region.
Field after field of agave gives this land a blue hue, defining an economy and its traditions.
Every day, you can see signs of a subtle change in relations between Cuba and the U.S. at Miami International Airport.
More Cubans than ever before are coming to the U.S. to visit, and the number of Cuban-Americans traveling back to the island is also at record levels. With all the visitors, money and goods are now traveling to the island from the United States.
It's a legal loophole in the 50-year-old trade embargo — one that's having a real impact on Cuba's economy, and allowing Cuban-Americans to become investors in Cuba's emerging private sector.
U.S. officials are close to a multibillion-dollar settlement with the giant, French bank BNP Pariba over allegations of sanctions violations. The bank is expected to admit that its affiliates did business with countries subject to U.S. economic sanctions - Sudan, Cuba and Iran. NPR's Jim Zarroli reports.
And now to our last word in business - stung. There was a tough public revelation for the children of pop-star Sting over the weekend.
STEVE INSKEEP, HOST:
The man who once sang (singing) if you love somebody, set them free - must love his children a lot because he's really setting them free. The former lead singer of The Police told Britain's Mail On Sunday newspaper that his offspring will not be inheriting any of his estimated $300 million fortune.