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.
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.
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.
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."
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.
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.
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.
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 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.