NPR Business

Business
2:32 pm
Wed July 10, 2013

Smithfield Says Pork Won't Change, But Some Aren't Buying It

A Smithfield ham at a grocery store in Richardson, Texas, in 2011. Some senators expressed qualms Wednesday about the intentions of Shuanghui International Holdings, which is buying Smithfield Foods.
LM Otero AP

Originally published on Thu July 11, 2013 10:08 am

Americans will get the same ham slabs and bacon slices they have enjoyed for generations, even after Smithfield Foods becomes a Chinese subsidiary, Smithfield CEO Larry Pope told Congress on Wednesday.

"It will be the same old Smithfield, only better," Pope said at a Senate Agriculture Committee hearing.

But several senators weren't buying the bacon-will-be-unbroken story once Hong Kong-based Shuanghui International Holdings owns Smithfield.

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The Two-Way
10:34 am
Wed July 10, 2013

Apple Conspired To Set E-Book Prices, Judge Rules

A federal judge ruled Wednesday that Apple conspired with publishers to fix e-book prices.
Manu Fernandez AP

Originally published on Wed July 10, 2013 2:19 pm

Apple Inc. "conspired to raise the retail price of e-books," a federal judge ruled Wednesday as a civil lawsuit brought by the Justice Department reached its conclusion.

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All Tech Considered
8:22 am
Wed July 10, 2013

Utah Internet Firm Defies State's Warrantless Subpoena Law

Pete Ashdown is founder and CEO of XMission, Utah's oldest Internet service provider.
Flickr via Center for Study of Ethics at UVU

Originally published on Wed July 10, 2013 9:51 am

Utah's oldest Internet service provider, XMission, has refused to give up customer information to law enforcement, reports The Salt Lake Tribune. Specifically, the company says it won't comply with administrative subpoenas.

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The Two-Way
5:50 am
Wed July 10, 2013

Investors Brace For News Out Of Fed Minutes

Federal Reserve Chairman Ben Bernanke during a news conference in June. Financial markets reacted to comments he made then by selling off bonds and stocks.
Alex Wong Getty Images

Originally published on Wed July 10, 2013 9:13 am

After the Federal Open Market Committee meeting last month, the financial markets "freaked out," according to David Wessel, economics editor of The Wall Street Journal.

Federal Reserve Chairman Ben Bernanke's remarks at the time sent a shockwave through the markets when he suggested the Fed's stimulus could end.

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Shots - Health News
4:32 am
Wed July 10, 2013

How Oregon Is Getting 'Frequent Fliers' Out Of The ER

Jeremie Seals used to go to the hospital emergency room to avoid sleeping in his car.
Kristian Foden-Vencil OPB

Originally published on Wed July 10, 2013 8:03 am

Forty-year-old Jeremie Seals has had a tough life.

He left home at 14, and his health isn't good. He had a heart attack when he was 35. He has congestive heart failure, and nerve pain in his legs that he says is "real bad."

"Long story short, I'm terminal," he says, matter-of-factly.

Seals is unwilling to divulge too much about his past. But over the years, he says his health has deteriorated to such a degree that he can no longer hold a job.

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Asia
4:32 am
Wed July 10, 2013

Bangladesh Collapse: The Garment Workers Who Survived

Rebecca Khatun, a worker at Rana Plaza, lies in a hospital bed. She lost her left leg and right foot in the collapse, which also killed five members of her family. Khatun received $120 and free medical care for her loss --€” compensation she says won't be enough for what she's been through.
Julie McCarthy NPR

Originally published on Wed July 10, 2013 8:57 pm

(We updated this post at 11:58 a.m. ET to include a statement released Wednesday by Walmart. Click here to see that)

It's been 2 1/2 months since the Rana Plaza collapsed on garment workers in Bangladesh, exposing abysmal safety conditions in the country's factories.

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Animals
4:32 am
Wed July 10, 2013

Virus Targets Baby Pigs

Originally published on Wed July 10, 2013 8:03 am

Transcript

DAVID GREENE, HOST:

And the agriculture industry is dealing with a new worry: a virus that is spreading through farms. It has killed hundreds of thousands of baby pigs.

Frank Morris from member station KCUR has more.

FRANK MORRIS, BYLINE: Like most hog farmers, Brent Sandidge in Missouri has been losing money lately.

BRENT SANDIDGE: We've had a drought, and record high feed prices, so that would be the last thing you'd need, another hit.

MORRIS: But that hit came this spring for some with the Porcine Epidemic Diarrhea Virus.

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Business
4:32 am
Wed July 10, 2013

China Issues Grim Trade Outlook

Originally published on Wed July 10, 2013 8:03 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with China's grim trade outlook.

(SOUNDBITE OF MUSIC)

GREENE: Numbers from the month of June offered more evidence that the world's second-biggest economy might be losing steam. Exports from China fell by more than 3 percent from a year earlier. Imports were down, as well, by almost a percent.

Middle East
4:32 am
Wed July 10, 2013

Egypt's Economic Health Needs Outside Help

Originally published on Wed July 10, 2013 3:21 pm

Transcript

RENEE MONTAGNE, HOST:

Egypt's political future will largely depend on its economy, and its economic future will largely depend on help from other countries. To talk more about this, we reached Mohsin Khan. He's a senior fellow at the Rafik Hariri Center on the Middle East at the Atlantic Council. He's also the former Director of the Middle East Department at the International Monetary Fund. Good morning.

MOHSIN KHAN: Good morning.

MONTAGNE: What are Egypt's most immediate economic needs?

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Business
4:32 am
Wed July 10, 2013

Twinkies To Return to Store Shelves On Monday

Originally published on Wed July 10, 2013 8:03 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is one of our favorite subjects: Twinkie resurrection.

The yellow spongy cakes will be back on store shelves this Monday. There had been a run on Twinkies following the bankruptcy of Hostess, Twinkies' parent company.

DAVID GREENE, HOST:

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