Business

6:06am

Thu May 30, 2013
Business

Business News

Originally published on Thu May 30, 2013 8:18 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a Texas smartphone.

(SOUNDBITE OF MUSIC)

Read more

3:07am

Thu May 30, 2013
The Salt

Will Chinese Firm Bring Home The Bacon With Smithfield Deal?

Originally published on Thu May 30, 2013 9:38 am

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

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

3:02am

Thu May 30, 2013
Dollar For Dollar: Adventures In Investing

How A Trip To Costco Can Work As An Investment Strategy

Originally published on Thu May 30, 2013 8:19 am

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

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

3:00am

Thu May 30, 2013
Monkey See

As Trailers Eat Up Movie Time, Theaters And Studios Squabble Over Shortening Them

Originally published on Fri May 31, 2013 2:18 am

iStockphoto.com

Here's a question: If you go to the movies and the scheduled showtime is, say, 7:30, when do you actually expect the movie to start? If you said 7:30, you go to very unusual screenings. If you said 7:45, you're closer to what many experience. If you said 7:50, you're still in range: There's often some advertising other than trailers, the limit for trailer length is 2 1/2 minutes, and theaters sometimes run seven or eight trailers. Eight would add up to 20 minutes.

Read more

5:49pm

Wed May 29, 2013
All Tech Considered

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

Originally published on Thu May 30, 2013 7:21 am

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

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

4:11pm

Wed May 29, 2013
Business

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

Originally published on Wed May 29, 2013 7:18 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

4:11pm

Wed May 29, 2013
Business

Online Currency Exchanges Hide Traces Of Money As It Moves

Originally published on Wed May 29, 2013 7:18 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

4:10pm

Wed May 29, 2013
Media

Two Newspapers Battle It Out For The New Orleans Market

Originally published on Fri May 31, 2013 2:26 pm

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

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

3:21pm

Wed May 29, 2013
Business

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

Originally published on Wed May 29, 2013 7:18 pm

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

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

1:55pm

Wed May 29, 2013
The Two-Way

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

Pages