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Business
3:49 am
Wed April 25, 2012

The Last Word In Business

Originally published on Wed April 25, 2012 7:10 am

The town of Boring, Oregon, is twinning with the village of Dull, Scotland. The idea came after a Scottish cyclist passed through Boring. She thought Dull would make a great sister community. Scotland's tourism agency says the partnership could attract visitors to Dull.

Business
3:37 am
Wed April 25, 2012

Activists Disrupt Wells Fargo Shareholders Meeting

Originally published on Wed April 25, 2012 5:33 pm

Transcript

RENEE MONTAGNE, HOST:

And there were protests and arrests at the Wells Fargo annual shareholders meeting in San Francisco yesterday. The demonstration - led by the Occupy Movement - was over the bank's foreclosure and lending policies. Hundreds of protesters bought bank shares so they could attend the meeting and disrupt proceedings. [POST-BROADCAST CORRECTION: While hundreds sought to disrupt the meeting, several dozen people representing community groups had purchased stock.]

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Business
3:37 am
Wed April 25, 2012

Are Bribes The Norm In Mexico's Business Culture?

Originally published on Wed April 25, 2012 7:42 am

Transcript

STEVE INSKEEP, HOST:

Wal-Mart's stock price has fallen sharply this week. That comes after The New York Times reported that the retailer's rapid growth in Mexico involved systematic bribery. Stock prices have also fallen for Wal-Mart's Mexico subsidiary Walmex.

This negative reaction came, even though financial journalist Eduardo Garcia in Mexico City, says bribery is a normal part of business in Mexico.

Was anybody in the business community in Mexico surprised to hear these allegations against Wal-Mart?

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Business
3:37 am
Wed April 25, 2012

Fitch Upgrades Ford's Junk Status

Originally published on Wed April 25, 2012 7:10 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

After all the reports about massive debts and credit downgrades, we have a story this morning of a credit upgrade. The ratings agency Fitch upgraded Ford.

INSKEEP: The company was at junk bond status, meaning a loan to Ford was considered a major gamble. Now, it's been moved to investment grade, the lowest investment rating: BBB minus.

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Around the Nation
6:53 am
Tue April 24, 2012

Starbucks To Open Stores At Disney Parks

On Monday, Disney announced the first of six planned Starbucks locations is scheduled to open at Disney California Adventure park in June. More locations are planned at Disneyland park and Walt Disney World Resort in Florida.

Animals
6:39 am
Tue April 24, 2012

Canadian Cow Is Quite The Milk Producer

A Canadian cow has made the record book for most milk produced in a lifetime. The Ottawa Citizen reports the cow has produced more than 57,000 gallons. That's more than six times the average.

Media
5:57 am
Tue April 24, 2012

James Murdoch Testifies At Media Ethics Inquiry

Originally published on Tue April 24, 2012 5:58 am

Transcript

RENEE MONTAGNE, HOST:

The scandal that's engulfed Rupert Murdoch's News Corp is taking center stage in London, at the Royal Courts of Justice, once again. Here, his son James Murdoch.

JAMES MURDOCH: I swear by the mighty God that the evidence I shall give shall be the truth, the whole truth and nothing but the truth.

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Business
5:41 am
Tue April 24, 2012

Bribery Accusations Hurt Wal-Mart's Stock Price

Wal-Mart could face significant legal liability following a report accusing the company of systematic bribery in Mexico. A report in The New York Times claims Wal-Mart officials in Mexico paid more than $20 million in bribes to help the company open more stores there. The story also says top Wal-Mart executives in the U.S. looked the other way. The company's stock price fell nearly 5 percent Monday.

Business
4:20 am
Tue April 24, 2012

GM To Add 600 Chinese Dealerships In 2012

Originally published on Tue April 24, 2012 7:29 pm

Transcript

STEVE INSKEEP, HOST:

General Motors is making a bigger effort in what's become the world's biggest car market. At the Beijing Auto Show this week, GM said it plans to open 600 new dealerships in China this year. GM is trying to grow Chinese sales while they still can.

NPR's Frank Langfitt reports from Shanghai.

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Business
4:18 am
Tue April 24, 2012

The Last Word In Business

Originally published on Tue April 24, 2012 6:34 am

Victoria Beckham has teamed up with Range Rover to produce a special edition Evoque luxury SUV. The former Spice Girl, married to soccer star David Beckham, has designed fashion lines before, but says this is her first foray into automobiles.

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