After a scandal, somebody finally gets rich for doing the right thing. It's NPR's business news.
A former banker, Bradley Birkenfeld, has just been awarded $104 million by the IRS. That is believed to be the largest amount ever paid to an individual whistle-blower. Birkenfeld told the IRS how a Swiss bank was helping thousands of Americans evade taxes, and was then thrown in jail.
Here in the United States, a court has been considering the fate of an iconic fruit. And that's our last word in business today.
Forty-five years ago, the artist Andy Warhol created an album cover for the rock band The Velvet Underground, an album cover featuring a stylized banana. The Warhol banana has remained a popular image, moving from an album cover to iPhone covers.
It was four years ago this week that the big Wall Street investment bank Lehman Brothers declared bankruptcy. Its collapse sent shockwaves around the world and brought on the worst of the financial crisis. But the story didn't end there. Lehman Brothers is still in business - sort of.
Planet Money's Adam Davidson went to its offices in New York, and is here to tell us about it.
Facebook CEO Mark Zuckerberg gave his first public interview after his tech company's rocky IPO and the disappointing stock performance that followed. Facebook's share price is now worth about $19 — half as much as it was priced back in May when its stock first went on the market.
Zuckerberg took questions from Michael Arrington at TechCrunch Disrupt, a San Francisco conference for startups. We watched and listened in to the talk in case you missed it:
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
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And I'm Melissa Block. The U.S. government made a big chunk of money in the stock market today. It sold more than 630 million shares in AIG, the American International Group. The government reluctantly acquired the shares when it injected billions of dollars into the insurance giant to keep it from collapsing. The Treasury Department says the government turned a $15.1 billion dollar profit on the deal. Here's NPR's John Ydstie.
Originally published on Tue September 11, 2012 11:58 am
The web hosting company GoDaddy says it has finished an investigation into yesterday's outages and the company has concluded that it was not caused by an external hack.
As we told you yesterday, many of GoDaddy's members complained that their websites were inaccesible for a while on Monday. The company hosts some 5 million websites and has registered more than 53 million domain names.
Originally published on Tue September 11, 2012 12:03 pm
The new iPhone is expected to be unveiled this week, and customers can probably get a discount if they sign up for a lengthy service agreement. But New York University Law Professor Oren Bar-Gill tells host Michel Martin that consumers should think twice before signing the dotted line for things like phones, credit cards or mortgages.