Apple sold more iPhones than expected last quarter, though its profits are down compared to last year. Still, in a quarter were other tech companies aren't meeting expectations, some analyst's say Apple isn't doing too badly.
NPR's Laura Sydell reports.
LAURA SYDELL, BYLINE: Apple's revenue was pretty much flat, at a little over 35 billion, and its profits were down nearly two billion. Despite a rise in iPhone sales, Samsung is still selling more smartphones.
Congress is talking again about whether big banks are taking on too much risk. This time, the question is whether banks should be allowed to own commercial assets, including everything from oil and metals to warehouses and parking garages.
As NPR's Yuki Noguchi reports, the question is whether holding a vast array of assets makes banks safer and more stable, or prone to more market risk.
YUKI NOGUCHI, BYLINE: The Senate Banking Committee's Sherrod Brown, an Ohio Democrat, framed the issue this way...
That Crunchy Taco will no longer come with a side of toy.
Taco Bell announced Tuesday that it is ditching kids' meals and the trinkets that come with them at its U.S. locations. The items will begin to come off menus starting this month, the company says, and should be completely gone by January 2014.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
Billionaire Steven Cohen is fighting back. He faces federal charges that he didn't do enough to prevent insider trading at his hedge fund SAC Capital. As The Wall Street Journal reported this morning, Cohen's firm issued a rebuttal, claiming that he never saw an email that's an important part of the government's case.
Get Howard Buffett into the cab of a big ole' farm tractor and he's like a kid — albeit a 58-year-old, gray-haired one. He's especially excited when it comes to the tractor's elaborate GPS system, which he describes as "very cool."
"I'm driving hands-free," says Buffett, the son of billionaire investor Warren Buffett.
He says that the tractor has been automatically set to plant 16 perfect rows of seeds, "so it makes everything more efficient. And it's going to give you a better crop in the end."
Vermont, New Hampshire and Delaware get a notable benefit of being small: faster Internet connections. In the latest Akamai State of the Internet Report, they top the list of states with the fastest average connection speeds, and make the top 10 states with fastest peak connection speeds, too.
Check out the rankings, which include download speeds measured in megabits per second, and the year-on-year change for those numbers.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, it's the Muslim holy month of Ramadan. And wouldn't you know, there's an app for that. Our regular contributor Arsalan Iftikhar, founder of the blog TheMuslimGuy.com, will tell us more about them in just a few minutes. But first, to matters of personal finance. You might remember that last week we talked about how the summertime is a good time to do a mid-year check-in on your personal finances.