Business

4:48am

Tue August 21, 2012
Business

Business News

Originally published on Wed August 22, 2012 9:01 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a really big apple.

It was bound to happen. Apple has surpassed Microsoft as the most valuable company ever. That happened when Apple stock hit $665 per share yesterday, boosting its market value to nearly $624 billion. Microsoft had held the record for market capitalization since 1999. Transcript provided by NPR, Copyright National Public Radio.

4:48am

Tue August 21, 2012
Business

Drought Dries Up Crops, But Not Airline Schedules

Originally published on Wed August 22, 2012 9:01 am

Transcript

DAVID GREENE, HOST:

The airline industry is having a better than expected summer. Airline stocks have been on the rise and customer service is improving. These days, airlines are less likely to lose your luggage. They're also seeing the highest percent of on-time arrivals since the government started keeping track in the late 1980s.

NPR's Sonari Glinton reports the industry is getting some help from an unlikely source.

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4:48am

Tue August 21, 2012
Business

UCLA's MBA Program Wants To Give Up State Funds

Originally published on Wed August 22, 2012 9:01 am

Transcript

STEVE INSKEEP, HOST:

The business school at UCLA wants to go into business for itself. The Anderson School of Management is part of a public university. Of course, it's in California and the school's leaders find that being part of public education in California right now is a little maddening. Budget battles and state budget cuts have become normal.

Will Stone reports on what the school wants to do instead.

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4:48am

Tue August 21, 2012
Business

The Last Word In Business

Originally published on Wed August 22, 2012 9:01 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: pumped up kicks.

The Wall Street Journal reports that Nike will soon release its priciest shoe.

STEVE INSKEEP, HOST:

The latest Lebron James-branded basketball shoe, known as - the Lebron X Nike Plus - is expected to retail for $315. I'm hoping that's for a pair, David, and not per shoe.

Anyway, it apparently includes some motion sensing technology - motion sensing technology that can record how high players jump when wearing them.

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4:39am

Tue August 21, 2012
Latin America

Cuba Views China, Vietnam As Economic Hope

Originally published on Wed August 22, 2012 9:01 am

People, one holding an image of Cuba's President Raul Castro and his brother Fidel Castro, wait in line at a bus stop in Havana last month.
Franklin Reyes AP

Cuba is one of the world's last remaining communist states. Cuba's allies in China and Vietnam also maintain firm one-party rule, but have prospered by introducing market principles to their economic models. With Cuban President Raul Castro easing government controls on property rights and private enterprise, many are wondering if the struggling island is looking to Asia for a way forward.

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3:28am

Tue August 21, 2012
Shots - Health Blog

Health Law Gives Medicare Fraud Fighters New Weapons

Originally published on Wed August 22, 2012 9:01 am

With help from the Affordable Care Act, government fraud investigators will make more use of computer programs to detect Medicare and Medicaid scams.
iStockphoto.com

Fighting health care fraud in the U.S. can seem like an endless game of Whack-a-Mole. When government fraud squads crack down on one scheme, another pops up close by.

But the fraud squads that look for scams in the federal Medicare and Medicaid programs have some new weapons: tools and funding provided by the Affordable Care Act.

Medicare and Medicaid pay out some $750 billion each year to more than 1.5 million doctors, hospitals and medical suppliers. By many estimates, about $65 billion a year is lost to fraud.

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1:50pm

Mon August 20, 2012
Business

Aetna To Buy Coventry Health Care

Transcript

STEVE INSKEEP, HOST:

Changes in the health insurance industry are at the top of NPR's business news.

The giant insurance company Aetna plans to get a little bigger. It's buying Coventry Health Care for more than $5.5 billion. Now, if you want to know why, consider the changing landscape in which Aetna does business. Medicaid is expanding under President Obama's health care law, Medicare is expanding as Americans grow older, and those government-run plans include many opportunities for private insurance companies.

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4:30am

Mon August 20, 2012
Business

Business News

Originally published on Mon August 20, 2012 1:52 pm

American is currently seeking to cut costs in bankruptcy protection so the flight attendants' union pushed hard for this vote — warning that rejecting the contract could mean even deeper cuts or furloughs. The company's trying to cut about a billion dollars in labor costs. Mechanics and other union workers had previously accepted new contracts but pilots rejected American's latest offer earlier this month.

4:30am

Mon August 20, 2012
Economy

The Latest On The Global Economy

Originally published on Mon August 20, 2012 5:43 pm

Transcript

DAVID GREENE, HOST:

Exports of goods and services have been one of the bright spots in the lackluster U.S. economy lately. Exports have been growing much faster than almost anything else. But, economies around the world are now slowing.

And to find out what that means for U.S. exports and jobs, we turn, as we often do, to David Wessel, economics editor of The Wall Street Journal.

Good morning, David.

DAVID WESSEL: Good morning.

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4:30am

Mon August 20, 2012
Business

The Last Word In Business

Originally published on Mon August 20, 2012 5:52 pm

Transcript

STEVE INSKEEP, HOST:

And let's talk about one more bright spot in the American economy - anything that is wrapped in bacon.

Today's last word in business is the double bacon corn dog.

DAVID GREENE, HOST:

Yeah. Vendors at the Iowa State Fair delighted - or disgusted - consumers when deep-fried butter made its debut last year. Well, this year, Campbell's Concessions took a hotdog, wrapped it in bacon, dipped it in corn batter, which is infused with even more bacon, and they dropped it, where else, into a deep fryer.

(LAUGHTER)

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