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Business
3:18 am
Wed September 12, 2012

4 Years After Bankruptcy, How Is Lehman Faring?

Originally published on Wed September 12, 2012 7:28 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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Business
3:18 am
Wed September 12, 2012

Velvet Underground Loses Banana Case

Originally published on Wed September 12, 2012 7:28 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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NPR Story
3:13 am
Wed September 12, 2012

IRS Awards $104 Million To Whistle-Blower

Originally published on Wed September 12, 2012 7:28 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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All Tech Considered
5:17 pm
Tue September 11, 2012

11 Takeaways From Mark Zuckerberg's First Post-Facebook IPO Interview

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

Originally published on Tue September 11, 2012 6:08 pm

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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Economy
3:02 pm
Tue September 11, 2012

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

Originally published on Tue September 11, 2012 7:57 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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Shots - Health Blog
2:02 pm
Tue September 11, 2012

Insurance Costs Rise, But More Slowly

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

Originally published on Wed September 12, 2012 5:44 am

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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The Salt
1:48 pm
Tue September 11, 2012

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

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

Originally published on Wed September 19, 2012 2:08 pm

Some grapes like it hot.

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Money Coach
10:03 am
Tue September 11, 2012

Are You Susceptible To 'Seduction By Contract'?

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.

Planet Money
10:02 am
Tue September 11, 2012

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

Credit Kiichiro Sato / AP
Waiting to help the economy grow.

Originally published on Wed September 12, 2012 10:13 am

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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The Two-Way
9:58 am
Tue September 11, 2012

GoDaddy Says Outage Was Not Caused By Hack

Credit GoDaddy
GoDaddy logo.

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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Business
3:25 am
Tue September 11, 2012

Millions Of New Jobs, But Many Don't Pay Well

Originally published on Tue September 11, 2012 7:57 am

Transcript

RENEE MONTAGNE, HOST:

The economy added only about 100,000 private sector jobs last month - far fewer than had been expected.

And as NPR's Wendy Kaufman reports, a close reading of the numbers reveals that many of those jobs are low wage.

WENDY KAUFMAN, BYLINE: Some of the nation's job growth has been in places like this - a suburban mall near Seattle. While many shoppers aren't spending like they did before the economic crash, they are buying more than they did a couple of years ago.

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Business
3:18 am
Tue September 11, 2012

No-Go For Web Hosting Service Go Daddy

Originally published on Tue September 11, 2012 7:57 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with a no go for Go Daddy.

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Business
3:18 am
Tue September 11, 2012

Coca-Cola Returns To Myanmar

Originally published on Tue September 11, 2012 7:57 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today is: soda diplomacy. The long isolated Southeast Asian nation of Myanmar, also known as Burma, is now undergoing dramatic political reform and opening up to the outside world. The U.S. recently lifted sanctions and sent an ambassador there. And what comes next? Coca-Cola.

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Presidential Race
1:31 am
Tue September 11, 2012

Rhetoric Aside, Few Details Of Romney's Tax Plan

Credit Charles Dharapak / AP
Republican presidential nominee Mitt Romney campaigns at PR Machine Works in Mansfield, Ohio, on Monday.

Originally published on Tue September 11, 2012 1:59 pm

Republican presidential nominee Mitt Romney's proposal to overhaul the tax code continues to draw scrutiny.

Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.

When he was pressed by NBC's David Gregory this weekend to give an example of a loophole he would close, Romney didn't offer much detail.

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Middle East
1:29 am
Tue September 11, 2012

Fears Of Currency Devaluation Mount In Egypt

Credit Khalil Hamra / AP
Egypt's stock market has been volatile since Hosni Mubarak was ousted. Though analysts say there are reasons for cautious optimism, concerns about the country's currency remain.

Originally published on Tue September 11, 2012 2:00 pm

Egyptians have been struggling economically since the revolution last year that ousted President Hosni Mubarak. The Egyptian pound has remained relatively stable, though, because the central bank shored it up through foreign reserves, which prevented food prices from skyrocketing.

But despite increasing political stability, concerns about the currency remain.

The market has been volatile since Mubarak was ousted, swinging up and down with Egypt's political unrest.

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