Business

5:51am

Thu March 28, 2013
Europe

After 2-Week Closure, Cypriot Banks Reopen

Originally published on Thu March 28, 2013 9:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

In Cyprus today, banks reopened after being closed for nearly two weeks. Customers could see the limits on cash withdrawals last for months, as leaders of the island-nation try to prevent a bank-run. Lots of people there are nervous about an EU bailout agreed to this week. The terms of that deal are a shocking outcome for a country which built its wealth on its banking industry.

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5:51am

Thu March 28, 2013
Economy

IMF: Gas Prices Don't Reflect True Costs

Originally published on Thu March 28, 2013 9:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

When you're filling up a car with gas, chances are you are not looking at the price per gallon and thinking how low it is. And maybe thinking that the government ought to do something about that and raise prices. But the economic wizards at the International Monetary Fund are recommending exactly that, not just for the U.S. but for the entire world.

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3:41am

Thu March 28, 2013
Planet Money

When A Famous Hospital Didn't Want An Expensive New Drug

Originally published on Thu March 28, 2013 10:03 am

Andrei Tchernov iStockphoto.com

Last year, a new drug called Zaltrap was approved as a kind of last-chance therapy for patients with colorectal cancer. Studies suggested Zaltrap worked almost exactly as well as an existing drug called Avastin. In fact, the main difference between the two drugs seemed to be the price.

"I was rather stunned," Dr. Leonard Saltz, who specializes in colorectal cancer, told me.

Zaltrap costs about $11,000 per month — about twice as much as Avastin, Saltz said.

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3:32pm

Wed March 27, 2013
Planet Money

What If You Couldn't Take Your Money To Another State?

Originally published on Thu March 28, 2013 9:48 am

What if this wasn't worth $1?
ceoln Flickr

One day, the legislature in the state where you live passes a new law: Until further notice, you're not allowed to take your money to another state.

There are exceptions. You can take a few thousand dollars with you if you go on a trip. You can do some out-of-state shopping on your credit card, but not too much. Beyond that, all your money — your checking account, your savings account, the cash you buried in your backyard — has to stay in your state. You're free to leave the state, as long as you don't take your money with you.

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4:40am

Wed March 27, 2013
Business

T-Mobile: Adds iPhone Ditches 2-Year Contracts

Originally published on Wed March 27, 2013 6:05 am

Transcript

RENEE MONTAGNE, HOST:

Mobile phone carrier T-Mobile is trying to lift itself out of fourth place. At a press conference yesterday, it announced it was adding the iPhone to its line up and ditching two-year contracts.

But NPR's Laura Sydell reports that may not be enough.

LAURA SYDELL, BYLINE: T-Mobile took a lot of digs at the two-year contracts all mobile carriers offer at its Manhattan press conference. It opened with real woman on the street video.

(SOUNDBITE OF AD)

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4:40am

Wed March 27, 2013
Business

Analyzing T-Mobile's Change In Price Strategy

Originally published on Wed March 27, 2013 6:38 am

Transcript

DAVID GREENE, HOST:

And to talk more about T-Mobile's new pricing strategy, we reached Rich Jaroslovsky. He's technology commentator for Bloomberg News and a regular guest on our program. And Rich sounds busy there in the Bloomberg newsroom in San Francisco. How are you?

RICH JAROSLOVSKY: I'm fine.

GREENE: Let's talk about what we're hearing from T-Mobile. I mean, how radical a change is this for a U.S. carrier?

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4:40am

Wed March 27, 2013
Around the Nation

Landlocked Midwest Farmers Raise Saltwater Shrimp

Originally published on Wed March 27, 2013 6:03 am

Transcript

RENEE MONTAGNE, HOST:

Think about farms in the Midwest, acres and acres of corn and soybeans. Now, picture instead fresh saltwater shrimp - shrimp. Landlocked Midwestern farmers are finding ways to raise those shellfish far away from any ocean.

From member station WGLT, Daniel Hajek reports.

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4:40am

Wed March 27, 2013
Business

Business News

Originally published on Wed March 27, 2013 6:59 am

Genetically-modified seeds — and the technology to produce them — have been at the center of a bitter legal fight between the two companies. Dupont will pay Monsanto more than $1.5 billion in the deal. With that, the companies will drop their patent and antitrust claims against each other.

4:40am

Wed March 27, 2013
Business

The Last Word In Business

Originally published on Wed March 27, 2013 7:06 am

The specialty food store in Brisbane says the fee will be returned at the cash register, after a purchase has been made.

4:40am

Wed March 27, 2013
Buried In Grain

Enforcement Of Penalties Weak In Grain Bin Deaths

Originally published on Wed March 27, 2013 10:17 am

Nearly 500 farmers and workers have suffocated in grain storage bins in the past 40 years. The worst year on record was 2010, with 26 people dying. Hefty fines and criminal charges are possible for negligent employers. But NPR and The Center for Public Integrity found that enforcement is weak, even as workers continue to die.

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