Americans do love their bacon, but is that romance a national security issue?
This week, China's biggest pork producer announced plans to buy Virginia-based Smithfield Foods Inc. Republican Sen. Charles Grassley of Iowa wants a national security review by an interagency panel known as the Committee on Foreign Investment in the U.S., or CFIUS.
If you're trying to grow a business in Nigeria and you want investors, you want Nigeria's economy to look as big as possible.
Bayo Puddicombe and Zubair Abubakar own a company called Pledge 51, which creates applications for Nigeria's low-tech cellphones. One of their most popular games lets players pretend to drive the notoriously wild buses crisscrossing the Nigerian city Lagos. It's called Danfo, after the buses.
The state of Massachusetts is suing the Obama administration over fishing regulations. Ocean-going commercial fishermen say new limits on the amount of codfish they can catch will put them out of business.
Curt Nickisch reports from member station WBUR in Boston.
CURT NICKISCH, BYLINE: Generations of fishermen have hauled cod, halibut and flounder into the port of Gloucester, where today Joe Orlando runs a 65-foot trawler, the Padre Pio.
JOE ORLANDO: I've been fishing with this boat almost 38 years.
And our last word in business today is living on a prayer.
The rock band Bon Jovi recognizes that song is the reality for many cash-strapped fans in Spain, which is deep in recession. So the New Jersey rockers waived their performance fee for an upcoming concert in Madrid. The newspaper El Mundo reports tickets for the show now cost half as much as most of the band's other European shows. And it seems their fans in Madrid are grateful. The concert is completely sold out.
Houston, Texas provides a dramatic example that it's possible to make great strides in reducing air pollution. Our story yesterday talked about how that came about, but Houston still does not quite meet the federal smog standard. So, the question for the nation's fourth largest city is what's next. NPR's Richard Harris explores that question as part of our series Poisoned Places.
NPR's business news begins with Japan's wheat ban.
Japan has suspended wheat imports from the Pacific Northwest states. This comes after the U.S. Agricultural Department found genetically modified wheat growing on an Oregon farm - as we reported on this program yesterday. GMO wheat has not been approved for U.S. farming, and it's not clear how the wheat found its way onto the farm.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
While there are many signs that the American economy is picking up steam, in much of the European Union, the opposite is true. Austerity programs aimed at reducing national debts have been blamed for crushing growth and sending unemployment in the eurozone nations to a record high of 12 percent.
On the Indonesian island of Sumatra, a backhoe stacks freshly cut trees to be made into pulp and paper. Asia Pulp and Paper, or APP, is Indonesia's largest papermaker, and the company and its suppliers operate vast plantations of acacia trees here that have transformed the local landscape.
If you stand in front of Almena and Sidney Poray's house in Baton Rouge, La., and look straight down the street, past the other houses and the shade trees, you see more than a dozen plumes of exhaust in various hues of gray and white.
"That's something you see every day, the same thing if not more," says Almena Poray. "Sometimes it's a darker gray; sometimes it's a black smoke coming out."
Robert Siegel speaks with Tim Blood, managing partner of the law firm Blood, Hurst & O'Reardon, about the class-action suit accusing Kellogg's of making false claims in its Frosted Mini-Wheats advertisements, as well as other cases he's pursued. Blood talks about what kind of people file these suits, and why.
Retired Gen. David Petraeus is headed to Wall Street where he will join Kohlberg Kravis Roberts, a firm that invests globally in everything from real estate to coffee to biotech.
Over nearly four decades in the military, Petraeus traveled the world on diplomatic and intelligence missions. Even then, he says in a video posted Thursday on KKR's website, he occasionally viewed these trips through an investor's lens.
Pull into the Bourbon Drive-In just off U.S. Highway 68 near Paris, Ky., and it's like stepping back in time. Patricia and Lanny Earlywine own the 7-acre drive-in. It's been connected to the family since the theater opened in 1956. Even the popcorn machine is original.
"To do a drive-in, it sort of gets in your blood. You have to love it," Patricia says.
In the more than eight years since it was written, the open-source operating system Ubuntu's "Bug #1" has been seen as a rallying call. After all, the bug's title is "Microsoft has a majority market share."
But the entry was officially closed Thursday, partly because the "broader market has healthy competition" as Ubuntu leader Mark Shuttleworth writes in his comments on closing the bug today.
Even as parts of the U.S. are being devastated by tornadoes, hurricane season it just beginning - officially this Saturday. One of the toughest decisions for people when a storm is approaching is whether to evacuate. Pets add to that dilemma, since most shelters don't accept animals. Georgia Public Broadcasting's Adam Ragusea tells us about a new evacuation center that's trying to change that.
If you've ever wanted to own a piece of the Empire State Building, I guess now is your chance. The building's investors have approved a plan to turn the iconic New York high-rise into a publicly-traded company. This could mark the end of a bitter struggle over the buildings future.
OK. The nomination we just heard about involves reaching across the aisle. That's not something we hear much about. When it comes to the federal budget, if it feels like we haven't heard about the budget in a while, there's a reason for that. The process is stalled. Back in March, the House and Senate passed vastly different spending plans. In theory, the next step would be a conference committee to hash out the differences, but a handful of senators are blocking that from happening.
Amazon asked subscribers of its video-streaming service to do the jobs usually left to focus groups and executives. The company released 14 pilot TV shows, then looked at customer reviews and view counts. Amazon announced five pilots have been approved for a full season.
There were questions Wednesday about whether U.S. regulators will approve the takeover of Smithfield Foods Inc., the company that sells all-American hams, hot dogs and bacon, by China's Shuanghui International.
A farmer in Oregon has found some genetically engineered wheat growing on his land. It's an unwelcome surprise, because this type of wheat has never been approved for commercial planting.
The U.S. Department of Agriculture says it's investigating, trying to find out how this wheat got there. The USDA says there's no risk to public health, but wheat exporters are worried about how their customers in Asia and Europe will react.
NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.
Here's a question: If you go to the movies and the scheduled showtime is, say, 7:30, when do you actually expect the movie to start? If you said 7:30, you go to very unusual screenings. If you said 7:45, you're closer to what many experience. If you said 7:50, you're still in range: There's often some advertising other than trailers, the limit for trailer length is 2 1/2 minutes, and theaters sometimes run seven or eight trailers. Eight would add up to 20 minutes.
This year, nearly 1.7 million students will graduate from college. Many of them are engaged in a new ritual of the digital age: cleaning up and polishing their online profiles. The demand is so great an entire industry has sprung up to help.
According to numerous surveys, the vast majority of hiring managers routinely Google potential job candidates. And what they see on that first page of search results matters — a lot. Just ask Pete Kistler, who was a college junior when he started applying to a bunch of computer software firms, looking for a summer job.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel. Smithfield Foods, one of the country's biggest meat producers is being sold to a Chinese company, the price $4.7 billion. If approved by regulators, this will be the biggest acquisition in history of a U.S. corporation by a Chinese company. NPR's Jim Zarroli reports.