Business & Education

Business
5:06 am
Thu May 30, 2013

Business News

Originally published on Thu May 30, 2013 7:18 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a Texas smartphone.

(SOUNDBITE OF MUSIC)

Business
5:06 am
Thu May 30, 2013

Investors Approve Empire State Building IPO

Originally published on Thu May 30, 2013 7:19 am

Transcript

DAVID GREENE, HOST:

If you've ever wanted to own a piece of the Empire State Building, I guess now is your chance. The building's investors have approved a plan to turn the iconic New York high-rise into a publicly-traded company. This could mark the end of a bitter struggle over the buildings future.

Here's NPR's Dan Bobkoff.

Read more
The Salt
2:07 am
Thu May 30, 2013

Will Chinese Firm Bring Home The Bacon With Smithfield Deal?

Smithfield Foods, makers of ham products under a variety of brand names, is being purchased by Chinese food maker Shuanghui International for $4.72 billion.
AP

Originally published on Thu May 30, 2013 8:38 am

There were questions Wednesday about whether U.S. regulators will approve the takeover of Smithfield Foods Inc., the company that sells all-American hams, hot dogs and bacon, by China's Shuanghui International.

Read more
Dollar For Dollar: Adventures In Investing
2:02 am
Thu May 30, 2013

How A Trip To Costco Can Work As An Investment Strategy

A recent trip to Costco cost NPR's Uri Berliner $303.53. The haul included razor blades, cans of soup and tuna fish, laundry detergent, heartburn relief medicine and dog treats. As an investment, it will pay off if he uses what he bought — and if the price tag for the same items is higher if he returns in a year.
Mary-Elizabeth Berliner

Originally published on Thu May 30, 2013 7:19 am

NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.

Read more
All Tech Considered
4:49 pm
Wed May 29, 2013

Fixing Your Online Reputation: There's An Industry For That

What a potential employer finds when researching an applicant online can make or break a job opportunity.
iStockphoto.com

Originally published on Thu May 30, 2013 6:21 am

This year, nearly 1.7 million students will graduate from college. Many of them are engaged in a new ritual of the digital age: cleaning up and polishing their online profiles. The demand is so great an entire industry has sprung up to help.

According to numerous surveys, the vast majority of hiring managers routinely Google potential job candidates. And what they see on that first page of search results matters — a lot. Just ask Pete Kistler, who was a college junior when he started applying to a bunch of computer software firms, looking for a summer job.

Read more
Business
3:11 pm
Wed May 29, 2013

Smithfield Deal Highlights China's Reliance On U.S. Farmers

Originally published on Wed May 29, 2013 6:18 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. Smithfield Foods, one of the country's biggest meat producers is being sold to a Chinese company, the price $4.7 billion. If approved by regulators, this will be the biggest acquisition in history of a U.S. corporation by a Chinese company. NPR's Jim Zarroli reports.

Read more
Business
3:11 pm
Wed May 29, 2013

Online Currency Exchanges Hide Traces Of Money As It Moves

Originally published on Wed May 29, 2013 6:18 pm

Transcript

MELISSA BLOCK, HOST:

If Al Capone were alive today, this is how he would be hiding his money. Those words yesterday from the head of the criminal investigation division at the IRS. He was talking about Liberty Reserve, an online currency exchange now accused of operating a $6 billion money-laundering operation. It's believed to be the largest online money-laundering case in history.

Read more
Media
3:10 pm
Wed May 29, 2013

Two Newspapers Battle It Out For The New Orleans Market

Free introductory copies of the Baton Rouge Advocate's new New Orleans edition are seen next to copies of The Times-Picayune at Lakeside News in the New Orleans suburb of Metairie in September. The Baton Rouge newspaper started its own daily edition to try to fill the void left when The Times-Picayune scaled back its print edition to three days a week.
Gerald Herbert AP

Originally published on Fri May 31, 2013 1:26 pm

Last year when New Orleans' main paper, The Times-Picayune, laid off dozens of newspaper employees and cut its circulation to three times a week, residents were shocked.

Sharron Morrow and her friends had bonded over the morning paper at a local coffee shop for the past 20 years.

"I've stopped my subscription, and I mourn the paper almost every day," she says.

Shifting Media Players

Read more
Business
2:21 pm
Wed May 29, 2013

What's Under Youngstown May Help What's On Top

By leasing land for drilling, city leaders in Youngstown, Ohio, hope to generate funds to demolish vacant buildings.
M.L. Schultze for NPR

Originally published on Wed May 29, 2013 6:18 pm

A century ago, when fiery steel mills were roaring to life in Youngstown, Ohio, builders were racing to put up homes, storefronts, barbershops and more.

Today, many of those buildings sit empty and rotting. With the mills mostly gone and the population down 60 percent from 1960, to just 67,000, the city needs millions of dollars to tear down roughly 4,000 vacant structures.

Read more
The Two-Way
12:55 pm
Wed May 29, 2013

Nasdaq Agrees To $10M Penalty For Handling Of Facebook IPO

A year ago, before the initial public offering of stock, Nasdaq and Facebook were quite excited.
Emmanuel Dunand AFP/Getty Images

One year after Facebook's troubled initial public offering, the Securities and Exchange Commission announced Wednesday that it has "charged Nasdaq with securities laws violations resulting from its poor systems and decision-making ... [and that] Nasdaq has agreed to settle the SEC's charges by paying a $10 million penalty."

Read more
The Two-Way
11:52 am
Wed May 29, 2013

Tempest Over A Teapot: JC Penney Removes 'Hitler' Billboard

Photos of a JC Penney billboard in Culver City, Calif., spurred an online debate over whether the tea kettle resembles German tyrant Adolf Hitler.
Imgur, via KPCC

Originally published on Wed May 29, 2013 5:45 pm

After receiving complaints that a billboard advertisement included an image resembling Adolf Hitler, JC Penney has reportedly taken the sign down. The move came after images of the billboard in California's Culver City spurred a controversy on Reddit and elsewhere online. The retailer says any resemblance to the late leader of the Third Reich was unintended.

Read more
Beauty Shop
10:45 am
Wed May 29, 2013

Is Motherhood Killing Wall Street Careers?

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up: if you are at all interested in matters of health and spirituality, then you have probably heard the name Deepak Chopra. Well, it turns out there is another one like him at home. His brother Sanjiv Chopra is an accomplished physician in his own right, but he chose a different course for his life. We'll talk with both of them together about their new joint memoir, "Brotherhood: Dharma, Destiny, and the American Dream." That is later in this program.

Read more
The Salt
9:49 am
Wed May 29, 2013

Personalized Coca-Colas, But Not If Your Name Is Mohammed Or Maria

Originally published on Thu May 30, 2013 10:53 am

Remember the disappointment you felt as a kid at the souvenir shop when that personalized key chain wasn't available in your name? For me, it was never finding "Allison" with two L's. My colleague Maria says she was always stuck with "Mary" as her only option.

Facebook fans of Coca-Cola's new "Share a Coke" campaign are having similar frustrations. As part of its new campaign, which recently launched in Europe, the soda giant is printing popular first names on labels of Coke, Diet Coke and Coke Zero.

Read more
Business
9:47 am
Wed May 29, 2013

China's Shuanghui Buys Pork Giant Smithfield For $4.7 Billion

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a meaty Chinese investment in the U.S.

A Chinese meat producer plans to buy the U.S. meat company Smithfield for $4.7 billion dollars. Smithfield is the world's largest pork producers, and by some estimates, if this deal is approved by regulators, it would be the biggest takeover of a U.S. company by a Chinese company.

The Two-Way
8:27 am
Wed May 29, 2013

Smithfield Foods To Be Sold To Chinese Firm For $4.72 Billion

Smithfield Foods, makers of ham products under a variety of brand names, is being purchased by Chinese food maker Shuanghui International, for $4.72 billion in cash.
LM Otero AP

Originally published on Wed May 29, 2013 9:11 am

The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about $4.72 billion in cash. The deal also includes an exchange of debt.

The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News.

Read more

Pages