NPR's business news starts with a $9 billion grocery sale.
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WERTHEIMER: The no. 2 grocery chain in the U.S., Safeway, is being acquired by the owner of Albertson's, the fifth largest grocer. Cerberus Capital Management is paying just over $40 a share for Safeway, the company said last night. The multi-billion-dollar deal creates a food retailer with more than 2,400 stores and more than 250,000 employees. Transcript provided by NPR, Copyright NPR.
All the polar air this winter has frozen the Great Lakes to an extent not seen in 35 years. Scientists say the record for ice coverage, set in 1979, could soon be broken. That year, nearly 95 percent of the Great Lakes were covered with ice. As of yesterday, ice coverage was at 92 percent.
The recent bout of winter weather that many of us have felt has hit the U.S. economy. Winter storms cooled job growth in February. The only question is by how much. Economists, investors and job seekers are looking to today's employment report from the government for an answer. NPR's John Ydstie says their predictions have been dampened by the weather too.
JOHN YDSTIE, BYLINE: John Sylvia is the top economist for Wells Fargo. His forecast for job growth in February has been pounded down by the weather.
It's MORNING EDITION from NPR News. I'm Linda Wertheimer.
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Let's return to the saga of bitcoin, the digital currency. Yesterday, "Newsweek" announced that it uncovered bitcoins founding father - but the man they named - Dorian Satoshi Nakamoto - denied it. Just last week, the bitcoin world was rocked by a half billion dollar bank robbery.
On a Friday, this is MORNING EDITION, from NPR News. I'm David Greene.
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And I'm Linda Wertheimer.
President Obama and Russian President Putin have had another long telephone conversation about how to end the crisis in Ukraine. The White House says President Obama stressed that a diplomatic solution is possible, but Russian soldiers have to leave their current positions in Crimea and return to their base in the region.
While watching the turmoil in Ukraine unfold, you may feel as though it has little to do with the United States, but the conflict is stirring a contentious debate in Europe over a topic familiar to many Americans: fracking.
Much of the continent depends on Russian natural gas that flows through pipelines in Ukraine. European countries are asking themselves whether to follow the U.S. example and drill for shale gas.
By most measures, David Kesten's hens are living the good life.
"They can act like chickens, they can run around," says Kesten, who's raising hens in an old wooden shed in the open countryside near Concordia, Mo. "They can go out and catch bugs, they can dig in the ground."
But most U.S. hens live crammed into very close quarters, according to Joe Maxwell, with the Humane Society of the U.S. And he says that's just wrong.
Private equity firm Cerberus Capital Management has offered to buy Safeway, Inc., the nation's second-largest grocery chain, for a reported $9.4 billion. Cerberus plans to merge Safeway with another grocer, Albertson's.
"Safeway has been focused on better meeting shoppers' diverse needs through local, relevant assortment, an improved price/value proposition and a great shopping experience that has driven improved sales trends," Safeway CEO Robert Edwards said in a statement. "We are excited about continuing this momentum as a combined organization."
Pennsylvania landowners say one of the nation's biggest natural gas companies has cheated them out of gas royalties. The company is Oklahoma-based Chesapeake Energy. It's faced similar accusations and lawsuits in about half-a-dozen other states.
As Marie Cusic, of member station WITF reports, Pennsylvania's governor wants to take a harder look at the allegations.
Originally published on Fri March 7, 2014 12:57 pm
The big monthly jobs report that came out Friday has tons of numbers describing the American labor force. The numbers are helpful as far as they go, but they skip over a whole dimension of work: What it's really like.
So, over the past few weeks, we asked people over Twitter and Instagram to send us pictures of themselves at work, and to tell us: What's your job title? And what do you really do? What follows are some of the answers.
South by Southwest Interactive is the technology-driven part of the annual Austin-based festival for digital, film and music and it starts on Friday. An expected 30,000 people will take part in the interactive and film week that precedes music, and they love it for the spontaneity and the chaos. They also hate it because of the chaos — parties on every corner, marketing handouts at every turn and a sprawling program of panels, screenings and speakers that span at least a dozen city blocks in the heart of Texas.
An American host for the Kremlin-backed Russia Today television has quit on air, announcing from the channel's Washington, D.C., anchor desk that she doesn't want to be "part of a network ... that whitewashes the actions of [Russian President Vladimir] Putin."
Liz Wahl announced her resignation on Wednesday, saying Moscow's intervention in Ukraine's Crimean Peninsula is wrong and that she feels "very lucky to have grown up in the United States."
And our last word in business is: bars ban glasses.
Patrons at two San Francisco watering holes will have to heed a new rule before they go bellying up to the bar, no Google Glass allowed. Their ban on Google's wearable computer is meant to preserve the privacy of other customers who may worry about sneaky recordings.