Originally published on Thu July 26, 2012 10:30 am
Credit Daniel Hennemand (photogestion) / Flickr
Apple reported its financial results for the quarter ended June 30, and depending how you look at it, they're either amazing or disappointing.
The company says it made $8.8 billion in profits over the course of three months. That's more than enough to buy every share of Alcoa, the global aluminum giant, which was worth just under $8.6 billion when the stock market closed this afternoon.
President Obama and Republican challenger Mitt Romney have been trading attacks over the issue of American jobs being moved overseas.
The president has pounded Romney for the investments made by his former firm Bain Capital in the 1990s. Not to be outdone, the Romney campaign has suggested most of the money from the president's stimulus program went to create jobs overseas.
Ford Motor Co. intends to prove that good things come in small packages — really small packages. The company has taken engine downsizing to a new level with its new three-cylinder EcoBoost engine, which has been introduced in Europe and is set to hit the U.S. market next year.
The EcoBoost offers more power than many conventional four-cylinder engines, with fuel economy numbers a hybrid could envy. Early fans are calling it a modern "little engine that could," and Ford is betting that American customers are ready to embrace a three-cylinder engine.
For today's show, we've collected three Planet Money radio stories never before heard on the show. All of them deal with people who handle other people's money — a politician's, a workforce's, and even a continent's:
Originally published on Tue July 24, 2012 12:16 pm
By Theo Francis
Credit Chiang Ying-ying / AP
Lego Group, maker of those iconic plastic building blocks, inspires an almost fanatical following in some quarters. But as a business, it turns out, it came close to going bust by following the hot advice of the day — and then recovered by turning to a more prosaic playbook.
We've been following some big developments today in the News of the World phone-hacking scandal in Britain. Prosecutors are charging eight people - including a former top aide to Prime Minister David Cameron - and a woman who was Rupert Murdoch's top lieutenant. NPR's Philip Reeves reports.
NPR's business news starts with a box office high.
(SOUNDBITE OF MUSIC)
INSKEEP: The new Batman movie "Dark Knight Rises" set a box office record over the past weekend. There were questions, of course, about how much money it would bring in after Friday's shooting in Colorado in a theater where the movie was showing.