The 55-story High Roller, which will be the world's largest Ferris wheel, is scheduled to open in early 2014.
Credit Isaac Brekken / AP
Las Vegas is adding an eye-catching tourist attraction, in the form of a huge wheel that can take more than 1,000 people on a ride 550 feet into the sky over the city's famed Strip. The main construction of the wheel, called the High Roller, is nearly finished; it is expected to open in early 2014.
And we reported yesterday that Neiman Marcus was in the final stages of closing a big deal. Now the deal is done. The upscale retailer has just made its biggest sale ever - itself. The price: $6 billion. The buyers - the Canada Pension Plan Investment Board and a U.S. private equity group.
NPR's business news begins with some excitement in the bond market.
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INSKEEP: You want to buy something, you may have to borrow. Verizon is creating shock waves with a planned sale of debt. This telecommunications giant is expected to try to raise $20 billion or more tomorrow in what would be the largest sale of its kind. Those bonds would help fund the company's buyout of Vodafone, which owns nearly half Verizon's wireless division. Transcript provided by NPR, Copyright NPR.
And for today's last word in business, let's take a moment to remember one of the nation's most colorful car salesmen. Cal Worthington built an empire from West Coast car dealerships, and became a TV fixture thanks to his ads, which began running in the 1970s.
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UNIDENTIFIED WOMAN: Here's Cal Worthington and his dog, Spot.
UNIDENTIFIED GROUP: (Singing) If you need a better car, go to Cal. For the better deal by car, go to Cal...
Erin Ford graduated from the University of Texas two years ago with a bachelor's degree in petroleum engineering. Recruiters came to campus to woo her. She got a paid summer internship, which turned into a full-time job after she graduated. Now, at age 24, she makes $110,000 a year.
Michael Gardner just graduated from City College in New York with a degree in psychology. He applied for more than 100 jobs, had trouble getting interviews and worked at Home Depot to make ends meet.
Originally published on Mon September 9, 2013 6:54 pm
Tunisians are silhouetted Jan. 13 behind a poster of those who died in the revolution that overthrew an authoritarian president and started the Arab Spring. More than two years after the revolution, Tunisia is struggling with high unemployment and rising violence in its politics.
Credit Amine Landoulsi / AP
The Syria conflict was initially part of a wave of uprisings in 2011 known as the Arab Spring, which began in part as a cry for political freedom and more economic opportunity. Fast-forward to today, when unemployment in some of these countries is among the highest in the world.