NPR Business

Planet Money
5:17 pm
Tue May 28, 2013

In A Single ATM, The Story Of A Nation's Economy

A bank in Yangon recently opened the first ATM in Myanmar that's connected to the rest of the world.
Lam Thuy Vo / NPR

Originally published on Tue June 4, 2013 4:35 pm

Nan Htwe Nye works at an elementary school in Yangon, Myanmar. She started trying to use ATM machines a few months ago, and things haven't been going so well.

The machines are often broken, she says. "But," she adds, "we hope it will better in the future." This is, more or less, the story of ATMs — and of banking in general — in Myanmar.

She's visiting the headquarters of CB Bank, at the first ATM in the country that was connected to banks all around the world.

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Business
5:15 pm
Tue May 28, 2013

Cruise Industry Adopts Passenger 'Rights' As Incidents Mount

Damage on the Royal Caribbean ship Grandeur of the Seas is visible as the ship docks in Freeport, the Bahamas, on Monday.
Reuters/Landov

Originally published on Wed May 29, 2013 8:43 am

About 2,200 passengers were being flown back to Baltimore on Tuesday, a day after their cruise ship caught fire on its way to the Bahamas. There were no injuries aboard Royal Caribbean's Grandeur of the Seas.

But in the wake of the incident and others like it, the cruise ship companies have something of a black eye. The industry is now trying to reassure passengers it's OK for them to sail, adopting what it called a passenger "bill of rights."

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The Two-Way
12:47 pm
Tue May 28, 2013

Liberty Reserve Charged In $6 Billion Money-Laundering Conspiracy

Originally published on Tue May 28, 2013 4:39 pm

Saying it was the world's largest international money laundering prosecution in history, authorities announced charges against the operators of Liberty Reserve, an online currency exchange that prosecutors say enabled more than a million people worldwide to launder about $6 billion.

Bloomberg reports:

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The Two-Way
10:57 am
Tue May 28, 2013

Does Canada's $100 Bill Smell Like Maple Syrup? Many Say So

Canada's $100 bill. Some think it smells sweet.
Bank of Canada

Originally published on Tue May 28, 2013 3:31 pm

This much is true: Many Canadians apparently think their government has embedded a maple-scented scratch-and-sniff patch in the nation's $100 bills.

According to CTV, "dozens of people" contacted the Bank of Canada after the polymer bills were introduced in 2011 to say they were sure there was something fishy ... or perhaps we should say sweet ... about the money.

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The Two-Way
9:32 am
Tue May 28, 2013

Home Prices Post Biggest Jump Since 2006

This single family home was for sale last week in Encinitas, Calif.
Mike Blake Reuters /Landov

Originally published on Tue May 28, 2013 11:18 am

Home prices in major cities across the nation were up 10.9 percent in March from March 2012, the biggest year-over-year increase since April 2006, according to the data trackers who put together the S&P/Case-Shiller Home Price Indices.

Their surveys show that:

-- While prices rose 10.9 percent on average across 20 metropolitan areas, the strongest gains were in Phoenix (22.5 percent), San Francisco (22.2 percent) and Las Vegas (20.6 percent).

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Business
7:14 am
Tue May 28, 2013

What's That Smell? Pancakes Or Canadian $100 Bills

Originally published on Tue May 28, 2013 7:59 am

Transcript

RENEE MONTAGNE, HOST:

Good morning, I'm Renee Montagne.

We all know pancakes are best when slathered with maple syrup. But cash? The Bank of Canada is denying it's given its new plastic $100 bills a syrup scent. The rumor is that the new bills contain a scratch-and-sniff section. The Canadian press obtained a bunch of emails to the bank about the fabled edition of the maple syrup. One complained the notes stick together. Another lamented that some had lost their smell.

It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

Around the Nation
5:01 am
Tue May 28, 2013

Okla. Real Estate: Priced To Sell Includes Storm Shelter

Originally published on Tue May 28, 2013 7:58 am

After last week's deadly tornado in Moore, Okla,, hundreds of homes were damaged. Maurice Smith is optimistic about the future in Moore. So much so, he is planning to build a new home and sell the old one without an agent. And he expects it will be snapped up quickly. The reason? Displaced residents are looking for homes, and his has a storm shelter.

Business
4:53 am
Tue May 28, 2013

Business News

Originally published on Tue May 28, 2013 7:58 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with corporate sell-offs.

(SOUNDBITE OF MUSIC)

GREENE: Bausch + Lomb has been sold. The drug maker Valeant Pharmaceuticals is buying the 160-year-old eye care company for $8.7 billion.

RENEE MONTAGNE, HOST:

Valeant - which is a Canadian company - has been on a buying spree recently, as it moves to become a bigger player in the global pharmaceutical market.

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Business
4:53 am
Tue May 28, 2013

How Apps Help Kansas City Work Better

Originally published on Tue May 28, 2013 7:58 am

Transcript

DAVID GREENE, HOST:

Now for people who enjoy using technology, it might feel like there's an app for everything. Some are mindless. I mean I'm a little embarrassed to tell you how much time I spend baking fake pizza on my mobile device. Then there are apps that are meant to actually be productive. And let's hear about one of those now.

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Business
4:53 am
Tue May 28, 2013

Girl Scout Troops Look To Sell Real Estate

Originally published on Thu May 30, 2013 3:05 pm

Transcript

RENEE MONTAGNE, HOST:

Let's move now to another group of young tech savvy folks - the Girl Scouts. The organization now offers merit badges for things like website design and digital movie making.

DAVID GREENE, HOST:

Still, they do place value on the great outdoors - like always - offering camping and hiking badges. And that brings us to today's last word in business: unhappy campers.

MONTAGNE: As we head into summer, many young Brownie and Junior Scouts are signing up for the Girl Scout camp.

(SOUNDBITE OF GIRL SCOUT AD)

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