Business and Economy

Business
5:52 am
Wed May 7, 2014

Yogurt May Become New York's Official Snack

Originally published on Wed May 7, 2014 7:47 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business is: A Yogurt State of Mind.

The New York State Senate voted on yesterday on the official state snack.

STEVE INSKEEP, HOST:

They were voting to give that honor to yogurt. Apparently, New York is the leading yogurt producer in America. But in a state famous for bagels and giant pretzels, not to mention big apples, the debate got heated.

MONTAGNE: The social media site BuzzFeed tweeted the highlights, such as a state senator asking, was yogurt the only option?

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Business
5:14 am
Wed May 7, 2014

Nigeria's Economy Leads Other African Nations

Originally published on Wed May 7, 2014 9:27 am

Steve Inskeep talks to Matthew Bishop, New York bureau chief at The Economist, about Nigeria's economy. The biggest country in Africa has also just become the continent's largest economy.

NPR Story
4:06 am
Wed May 7, 2014

Chinese E-Commerce Giant To Offer U.S. IPO

Originally published on Wed May 7, 2014 4:07 pm

Transcript

RENEE MONTAGNE, HOST:

A Chinese e-commerce giant filed for an initial public stock offering yesterday. Alibaba - which has no exact equivalent in the U.S. - will, however, conduct its IPO here. And it's expected to raise billions. The IPO could be the biggest since Facebook back in 2012. To learn more about Alibaba, we turn to NPR's Frank Langfitt, who's in Shanghai. Good morning.

FRANK LANGFITT, BYLINE: Good morning, Renee.

MONTAGNE: So exactly what is Alibaba?

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Business
4:06 am
Wed May 7, 2014

Edgy Video Promotes Christie's Contemporary Art Sale

Originally published on Thu May 8, 2014 4:24 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a new way of marketing high-end art.

Spring auction season has kicked off in New York City. Yesterday, paintings by Picasso and Monet helped the auction house, Christie's, cello most $300 million worth of paintings.

As NPR's Elizabeth Blair reports, this year, Christie's is promoting its auctions in a new way, with something that looks a lot like a music video.

ELIZABETH BLAIR, BYLINE: It's pretty slick.

(SOUNDBITE OF MUSIC)

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War On Poverty, 50 Years Later
2:34 am
Wed May 7, 2014

The Changing Picture Of Poverty: Hard Work Is 'Just Not Enough'

Victoria Houser of Painted Post, N.Y., is raising her son, Brayden, on her own. She says she feels stuck in a never-ending cycle, constantly worried that one financial emergency will send everything tumbling down.
Pam Fessler NPR

Originally published on Wed May 7, 2014 4:27 pm

There are 46 million poor people in the U.S., and millions more hover right above the poverty line — but go into many of their homes, and you might find a flat-screen TV, a computer or the latest sneakers.

And that raises a question: What does it mean to be poor in America today?

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Sports
5:21 pm
Tue May 6, 2014

Brewskee-Ball Founders Refuse To Be Sidelined By Trademark Case

Brewskee-Ball has built a league of competitive Skee-Ball players, but the owners of the name Skee-Ball are not amused.
Courtesy of Eric Pavony

Originally published on Tue May 6, 2014 8:04 pm

The founders of Brewskee-Ball like to say they've taken Skee-Ball from the arcade to the bar, turning the old-time amusement park game into a competitive sport with hundreds of dedicated players in a handful of locations across the country, including Brooklyn, N.Y., San Francisco and Austin.

But the company that makes Skee-Ball machines is not amused.

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Business
4:34 pm
Tue May 6, 2014

Alibaba IPO Could Be The Biggest Ever

Originally published on Tue May 6, 2014 8:04 pm

Alibaba is the biggest e-commerce player in China. The Internet conglomerate is filing papers in the U.S. for what could be the biggest IPO ever.

The Two-Way
4:16 pm
Tue May 6, 2014

China's Alibaba Files To Go Public In The U.S.

Alibaba founder Jack Ma dresses as a pop star and sings at an event to mark the 10th anniversary of China's most popular online shopping destination Taobao Marketplace, in Hangzhou on May 10, 2013.
Peter Parks AFP/Getty Images

Originally published on Tue May 6, 2014 4:35 pm

The Chinese e-commerce giant Alibaba has filed for an initial public offering in the United States.

The company runs the largest online and mobile commerce site in the world, controlling a huge portion of the Chinese market. Its intent to go public marks the biggest IPO of the Internet age since Twitter went public in November of 2013.

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Your Money
10:51 am
Tue May 6, 2014

Is Bitcoin Where The Smart Money Is Now?

Originally published on Tue May 6, 2014 12:38 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. Now we'd like to turn to matters of personal finance. It turns out that money is more than what you have in your pocket. Today we want to take a look at the digital currency known as bitcoin.

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The Two-Way
10:04 am
Tue May 6, 2014

Bayer Will Buy Merck Consumer Unit For $14.2 Billion

Originally published on Tue May 6, 2014 4:44 pm

German drug company Bayer has agreed to acquire the consumer care business of U.S.-based Merck & Co., in a deal that would bolster Bayer in the over-the-counter drug sector. The $14.2 billion purchase includes brands such as Claritin, Coppertone and Dr. Scholl's.

From Reuters:

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