Business

5:55pm

Mon December 10, 2012
The Two-Way

U.S. Treasury To Sell Remaining Stake In AIG

Originally published on Mon December 10, 2012 6:04 pm

In a statement on Monday, the U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234,169,156 common stock shares in insurer American International Group Inc., better known as AIG.

The U.S. government bought the controlling stake in the company as part of the $182 billion bank bailout in 2008. The sale would bring an end to the government's run as the company's largest shareholder, which represented a 16-percent ownership in the company.

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5:32pm

Mon December 10, 2012
The Two-Way

Reports: $1.9 Billion Settlement Expected In HSBC Money-Laundering Case

Originally published on Tue December 11, 2012 11:06 am

The $1.9 billion settlement from British banking firm HSBC will settle allegations of allowing money laundering and transfers of billions from Iran.
Timur Emek Getty Images
  • Jim Zarroli on 'Morning Edition'

Update at 7 a.m. ET, Dec. 11. Settlement Announced:

Saying that "we accept responsibility for our past mistakes," the chief executive of Britain's HSBC has confirmed that the banking giant will pay a record $1.9 billion to settle charges related to a money laundering scheme in the U.S.

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4:43pm

Mon December 10, 2012
All Tech Considered

Forget The Register: Stores Use Mobile To Make Sales On The Spot

Originally published on Mon December 10, 2012 8:44 pm

A Nordstrom salesperson shows a customer an online selection of shoes on an in-store iPad. Like some other retailers, Nordstrom is using mobile devices to make on-the-spot sales and check companywide product inventory instantly.
Courtesy of Nordstrom

The women's shoe department at Nordstrom's flagship store in Seattle is bustling. Shoppers are trying on everything from stilettos to rain boots — and when they're ready to buy, they can pay up right where they are.

The sales associate simply whips out a modified iPod Touch and scans the shoe box's bar code. The handheld device contains a credit card reader, too, so the customer can just hand over the plastic and sign with a fingertip. There's no trek to the cash register and no line to wait in.

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12:00pm

Mon December 10, 2012
Africa

Trying To Reform Nigeria Amid Family Kidnapping

Originally published on Mon December 10, 2012 12:46 pm

Transcript

MICHEL MARTIN, HOST:

We want to turn now from Ghana to Nigeria, where there is disturbing news. The mother of Nigeria's finance minister, Ngozi Okonjo-Iweala, was kidnapped this weekend. Police say they've launched a massive search to find her.

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11:48am

Mon December 10, 2012
NPR Story

Fiscal Cliff: Cutting the Untouchable?

Originally published on Mon December 10, 2012 12:46 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll hear about elections in Ghana. We'll talk about whether the election of President John Dramani Mahama to a new term confirms the country's reputation for leadership in democratic processes, or perhaps undermines it. That's later.

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11:47am

Mon December 10, 2012
Europe

Spain's Crisis Leads To Rise Of Grass-Roots Groups

Originally published on Mon December 10, 2012 8:44 pm

A demonstrator shouts during a protest against housing evictions in Madrid last month. The sign to his right reads, "Stop evictions."
Pablo Blazquez Dominguez Getty Images

A year and a half ago, recession-ravaged Spanish society reacted to the economic crisis with the "Indignados," a mass protest that inspired the worldwide "Occupy" movement.

The "angry ones" are long gone from Spanish streets, but they've evolved into many grass-roots associations now filling the gaps left by the eroding welfare state, spawning a new form of anti-austerity resistance that embraces all branches of society, from those who have lost homes to foreclosures, to the entire judiciary.

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11:22am

Mon December 10, 2012
The Salt

Want To Find A Restaurant That Treats Workers Well? There's An App For That

Originally published on Thu December 13, 2012 8:42 am

A group that advocates on behalf of food service workers has created an app that helps diners find restaurants that pay their workers livable wages and offer room for advancement.
iStockphoto.com

Smartphone users have a wide range of apps to choose from if they're looking to dine ethically. There are apps that advise which supermarkets have good environmental records and apps that keep tabs on restaurants and markets offering sustainable seafood.

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6:07am

Mon December 10, 2012
Business

The Last Word In Business

Originally published on Mon December 10, 2012 7:33 am

A Japanese university says researchers discovered a chemical compound which apparently wards off the virus responsible for respiratory infections such as pneumonia. The compound is found in hops — which means you can drink it up in your beer. But for any benefit, you'd need to drink about 30 beers.

6:07am

Mon December 10, 2012
Business

12 Days Of Tax Deductions

Originally published on Mon December 10, 2012 7:08 am

Transcript

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

DAVID GREENE, HOST:

Ah, 'tis the season for gift giving. And some feel Congress could give us no greater gift than a budget deal that would keep our economy from going off the fiscal cliff.

One idea to raise revenue: reduce the deductions, credits, and other benefits that taxpayers now enjoy.

RENEE MONTAGNE, HOST:

So, in the spirit of this deficit deadline season, we are going to consider them too. It's our 12 Days of Deductions.

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

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6:07am

Mon December 10, 2012
Technology

Will U.S.-Made Mac Computers Start A Trend?

Originally published on Mon December 10, 2012 6:56 am

Transcript

RENEE MONTAGNE, HOST:

It's been years since Apple computers were made in this country, but last week, the company's CEO, Tim Cook, announced that was about to change. He said Apple is spending about $100 million to begin manufacturing a line of Macs in the U.S. NPR's Steven Henn reports it's a tiny investment for Apple, but it could be the beginning of a trend by makers of other products.

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