Business

5:28am

Wed March 13, 2013
Business

China's Hot Real Estate Market Takes Broad Toll

Originally published on Wed March 13, 2013 5:36 pm

Transcript

RENEE MONTAGNE, HOST:

In China, property prices continue to spiral upwards, despite government efforts to cool off the hot real estate market there. In recent weeks, there have been warnings that the Chinese housing bubble will burst, with dire effects on the broader economy and the entire world. Some don't see that happening, and one skeptic is Leta Hong Fincher. She is a sociology researcher who studies real estate in China. We reached her in Beijing.

Thank you for joining us.

LETA HONG FINCHER: Thank you for having me, Renee.

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5:28am

Wed March 13, 2013
Business

More Airports Renovating, Adding New Terminals

Originally published on Wed March 13, 2013 5:36 pm

Transcript

STEVE INSKEEP, HOST:

Now let's come back to the United States for this next story, because over the past few years, more than a dozen American airports - big and small - have renovated or added new terminals. The latest in Birmingham, Alabama opens today.

NPR's Russell Lewis reports on why so many airports are sprucing up.

RUSSELL LEWIS, BYLINE: With just hours before the new $200 million terminal was to open, it was a mad dash...

(SOUNDBITE OF DRILLING)

LEWIS: ...as workers drilled signs above the restaurants,

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5:28am

Wed March 13, 2013
Business

Chinese Solar Company Shuts U.S. Factory

Originally published on Tue March 26, 2013 5:32 pm

Transcript

RENEE MONTAGNE, HOST:

The Chinese solar company Suntech announced yesterday it will shut down its only factory here in the U.S.

As Peter O'Dowd reports from member station KJZZ, recent U.S. tariffs played a role in the plant's failure.

PETER O'DOWD, BYLINE: Suntech had been making solar panels in the Phoenix suburb of Goodyear for two years. But in that time, GTM Research analyst Shyam Mehta says the global price of solar panels had fallen by more than 60 percent.

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6:24pm

Tue March 12, 2013
The Salt

Can Dunkin' Donuts Really Turn Its Palm Oil Green?

Originally published on Tue March 12, 2013 7:13 pm

Dunkin' Donuts plans to go green by committing to purchasing all of its palm oil from sustainable sources.
Andrew Huff/via Flickr

Dunkin' Donuts is changing its recipes — though you may not notice much difference the next time you bite into a cruller. In response to pressure from one of New York's top elected officials, the company recently announced that it will set a goal of using only 100 percent sustainable palm oil in making its donuts.

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4:55pm

Tue March 12, 2013
Business

Cruise Industry Stays Confidently Afloat Amid Major Accidents

Originally published on Tue March 12, 2013 6:42 pm

Transcript

MELISSA BLOCK, HOST:

If the cruise industry is smarting from some recent PR disasters, it's not letting on. Executives are gathered in Florida this week for Cruise Shipping Miami, a big conference. It's been a month since an engine fire on the Carnival Triumph knocked out the ship's power, leaving it stranded in the Gulf of Mexico. Cable networks seem to carry every moment of the drama, as the ship and more than 3,000 passengers were towed slowly to port.

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3:59pm

Tue March 12, 2013
Business

The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire

Originally published on Tue March 12, 2013 8:18 pm

A notorious recluse, Amancio Ortega founded the Zara clothing chain and is No. 3 on Forbes magazine's billionaire list.
Inditex AP

He's the richest man you've never heard of: Amancio Ortega, founder of the Spanish clothing chain Zara. He's a notorious recluse who is rumored to wear the same plain shirt every day, but his Zara empire has come to define the concept of fast fashion.

And now he's taken Warren Buffett's No. 3 spot on Forbes' billionaires list.

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2:37pm

Tue March 12, 2013
The Two-Way

Google Will Pay $7 Million To Settle Street View Data Capturing Case

The camera mounted on a Google Street View car used to photograph whole streets obscures part of the U.S. Internet giant's logo.
Daniel Mihailescu AFP/Getty Images

Google has agreed to pay a $7 million fine to settle claims from 37 states and the District of Columbia that the search giant improperly collected data from unsecured wireless networks across the United States using its "Street View" vehicles.

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1:00pm

Tue March 12, 2013
Shots - Health News

When It Comes To Health Care, Patients Don't Want To Weigh Costs

Originally published on Thu March 14, 2013 5:06 pm

Patients say they feel little personal responsibility for keeping health costs lower.
Andrei Tchernov iStockphoto.com

People willingly drive across town to save 50 cents on a carton of milk. But when it comes to health care, they don't want to think about how much it costs, and they don't want their doctors to think about it either, according to a recent study in the journal Health Affairs.

That's not good news for those who hope to nudge people into being more cost-conscious health care consumers.

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5:49am

Tue March 12, 2013
Business

SEC Nominee Faces Senate Panel In Confirmation Hearing

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with the SEC nominee.

(SOUNDBITE OF MUSIC)

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5:33am

Tue March 12, 2013
Business

SEC Charges Illinois With Fraud Over Pensions

For only the second time ever, the Securities and Exchange Commission is charging a state with fraud, for allegedly misleading investors about the health of its pension funds. The SEC says the state of Illinois did not properly inform investors that its pension funds were significantly underfunded when selling bonds from 2005 to 2009. This is the latest fiscal black eye for a state with a pension shortfall approaching a whopping $100 billion. The state has agreed to settle the charges.

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