Business

5:18am

Wed September 12, 2012
Business

IRS Awards $104 Million To Whistle-Blower

Originally published on Wed September 12, 2012 9:28 pm

Transcript

STEVE INSKEEP, HOST:

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.

RENEE MONTAGNE, HOST:

NPR's Wendy Kaufman has more.

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5:18am

Wed September 12, 2012
Business

Velvet Underground Loses Banana Case

Originally published on Wed September 12, 2012 9:28 pm

Transcript

STEVE INSKEEP, HOST:

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.

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5:18am

Wed September 12, 2012
Business

4 Years After Bankruptcy, How Is Lehman Faring?

Originally published on Wed September 12, 2012 9:28 pm

Transcript

RENEE MONTAGNE, HOST:

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.

Good morning.

ADAM DAVIDSON, BYLINE: Good morning.

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7:17pm

Tue September 11, 2012
All Tech Considered

11 Takeaways From Zuckerberg's First Interview Since Facebook's IPO

Originally published on Tue September 11, 2012 8:08 pm

Facebook CEO Mark Zuckerberg emphasized his company's mobile-centered future Tuesday, in his first public comments since Facebook's troubled IPO.
Eric Risberg AP

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:

Building a mission and business go hand-in-hand

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5:02pm

Tue September 11, 2012
Economy

U.S. Treasury Cuts Stake In AIG With $18 Billion Sale

Originally published on Tue September 11, 2012 9:57 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

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.

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4:02pm

Tue September 11, 2012
Shots - Health Blog

Insurance Costs Rise, But More Slowly

Originally published on Wed September 12, 2012 7:44 am

Heath coverage will cost you more than last year, but not as much as it might have.
iStockphoto.com

If you get health insurance on the job, chances are it cost more again this year.

Annual family health insurance premiums rose about 4 percent to $15,745 in 2012, according to the latest survey by the Kaiser Family Foundation and Health Research and Educational Trust.

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3:48pm

Tue September 11, 2012
The Salt

How Oregon's Prized Pinot Noir Grapes Will Take The Heat Of Climate Change

Originally published on Wed September 19, 2012 4:08 pm

Pinot noir grapes are notoriously finicky about the weather, and climate change has winemakers in Oregon thinking about the future.
Greg Wahl-Stephens AP

Some grapes like it hot.

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12:02pm

Tue September 11, 2012
Planet Money

The iPhone 5 And The Economy: Don't Believe The Hype

Originally published on Wed September 12, 2012 12:13 pm

Waiting to help the economy grow.
Kiichiro Sato AP

The iPhone 5 will give a nice boost to U.S. economic growth in the last three months of this year, according to a new note from JPMorgan.

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11:47am

Tue September 11, 2012
The Two-Way

GoDaddy Says Outage Was Not Caused By Hack

Originally published on Tue September 11, 2012 11:58 am

GoDaddy logo.
GoDaddy

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.

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11:37am

Tue September 11, 2012
Your Money

Are You Susceptible To 'Seduction By Contract'?

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.

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