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3:49am

Wed April 25, 2012
Business

Business News

Originally published on Wed April 25, 2012 7:10 am

Apple announced higher-than-expected earnings for the most recent quarter — profits nearly doubled over last year. Apple's stock is back up, after falling in recent weeks over fears of a slowdown in iPhone sales. Those fears proved unfounded. Sales of iPhone and iPads beat company estimates.

3:37am

Wed April 25, 2012
Business

Are Bribes The Norm In Mexico's Business Culture?

Originally published on Wed April 25, 2012 7:42 am

Transcript

STEVE INSKEEP, HOST:

Wal-Mart's stock price has fallen sharply this week. That comes after The New York Times reported that the retailer's rapid growth in Mexico involved systematic bribery. Stock prices have also fallen for Wal-Mart's Mexico subsidiary Walmex.

This negative reaction came, even though financial journalist Eduardo Garcia in Mexico City, says bribery is a normal part of business in Mexico.

Was anybody in the business community in Mexico surprised to hear these allegations against Wal-Mart?

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3:37am

Wed April 25, 2012
Business

Fitch Upgrades Ford's Junk Status

Originally published on Wed April 25, 2012 7:10 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

After all the reports about massive debts and credit downgrades, we have a story this morning of a credit upgrade. The ratings agency Fitch upgraded Ford.

INSKEEP: The company was at junk bond status, meaning a loan to Ford was considered a major gamble. Now, it's been moved to investment grade, the lowest investment rating: BBB minus.

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3:31am

Wed April 25, 2012
NPR Story

The Last Word In Business

Originally published on Wed April 25, 2012 7:10 am

The town of Boring, Oregon, is twinning with the village of Dull, Scotland. The idea came after a Scottish cyclist passed through Boring. She thought Dull would make a great sister community. Scotland's tourism agency says the partnership could attract visitors to Dull.

3:31am

Wed April 25, 2012
NPR Story

British Panel Hears From Rupert Murdoch

Originally published on Wed April 25, 2012 7:10 am

In Britain Wednesday, media mogul Rupert Murdoch appears before a panel to testify about contacts with leading British politicians at a time when his News Corp. was trying to takeover broadcasting group BSkyB. On Tuesday, Murdoch's son appeared before the same panel.

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