NPR's business news starts with a cage-free promise.
Burger King announced yesterday, that by 2017, all of its eggs and pork will come from animals not penned-up in cages and crates. Burger King is the first major U.S. fast food chain to put a firm deadline on such a promise. The move is seen as part of an industry-wide shift to consider animal concerns.
One food industry analyst says it proves quote, "that consumers are willing to pay a little bit more for fairness."
Britain is a nation in shock, following yesterday's announcement that its economy has slipped back into recession. The bad news is raising new questions about the government's unpopular austerity measures.
Vicki Barker has more from London.
VICKI BARKER, BYLINE: The news that Britain's economy has fallen into the dreaded double-dip recession caught everyone off guard - including Prime Minister David Cameron, who was immediately hit by a wave of criticism from parliament.
Back in 1934, veterans of World War I put up a memorial in the Mojave Desert, setting a cross on what's known as Sunrise Rock. Private citizens have always maintained the cross even though it was on federal land. But the memorial has sparked debate for years. According to the Los Angeles Times, the Park Service will give the property to Henry and Wanda Sandoz in exchange for land they own elsewhere.
Good morning. I'm Renee Montagne. We know the odds of winning a million dollar Powerball jackpot - one in five million. But what are the odds of winning that jackpot twice in one day? That's just what Virginia Fike said to herself when she accidentally bought to Powerball tickets instead of one. Whatever they are, she beat the odds. Her five lucky numbers brought her a double win. And last Friday she was handed a check for $2 million. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
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.
And there were protests and arrests at the Wells Fargo annual shareholders meeting in San Francisco yesterday. The demonstration - led by the Occupy Movement - was over the bank's foreclosure and lending policies. Hundreds of protesters bought bank shares so they could attend the meeting and disrupt proceedings. [POST-BROADCAST CORRECTION: While hundreds sought to disrupt the meeting, several dozen people representing community groups had purchased stock.]
As part of Morning Edition's Family Matters financial literacy series, Renee Montagne talks to Jane Gross, author of A Bittersweet Season, about caring for her aging mother, and what she wishes she had known before she started.
Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.
During almost two weeks since a cease-fire took effect in Syria, hundreds of people have been killed. The killing continues despite the agreement by Syria's government and rebels, and despite the presence of United Nations monitors. NPR's Kelly McEvers is tracking this situation from Beirut.
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?
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.
On Monday, Disney announced the first of six planned Starbucks locations is scheduled to open at Disney California Adventure park in June. More locations are planned at Disneyland park and Walt Disney World Resort in Florida.
Originally published on Tue April 24, 2012 5:34 am
Victoria Beckham has teamed up with Range Rover to produce a special edition Evoque luxury SUV. The former Spice Girl, married to soccer star David Beckham, has designed fashion lines before, but says this is her first foray into automobiles.
Originally published on Tue April 24, 2012 4:41 am
Wal-Mart could face significant legal liability following a report accusing the company of systematic bribery in Mexico. A report in The New York Times claims Wal-Mart officials in Mexico paid more than $20 million in bribes to help the company open more stores there. The story also says top Wal-Mart executives in the U.S. looked the other way. The company's stock price fell nearly 5 percent Monday.
Originally published on Tue April 24, 2012 5:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.
And let's turn now to the first political leader to be put on trial for his role in the global banking crisis. Yesterday, a special court in Iceland found that country's former prime minister guilty of essentially mishandling the banking bubble that led to Iceland's financial collapse.
Michael Stothard has been covering this trial for The Financial Times. He joined us to talk more about it. Good morning.
For a certain set of readers, one need only say the word "pigeon" to set off a frenzied outburst of delight. Pigeon is the star of a series of best-selling children's books, including The Pigeon Finds a Hotdog! and Don't Let the Pigeon Drive the Bus! He's not much more than a stick figure with two circles for eyes, but he can still get huffy and display all the melodrama of a 4-year-old.
Good morning. I'm Renee Montagne. A precious piece of his childhood is going back to a teenager in Japan. Misaki Murakami and his family lost everything in last year's tsunami. But waves carried his soccer ball, covered in notes from third grade friends, to a beach in Alaska. David Baxter found it there and his Japanese wife translated the writing, including the teenager's name. It will be the first bit of North American tsunami debris officially returned to Japan. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
As a part of Earth Day celebrations, performance artist Alison Knowles took salad making to the extreme in New York City. Knowles chopped romaine lettuce, carrots and cucumbers to the beat of live music. She then tossed the avalanche of salad off a balcony into a giant tarp, where the salad was served up to audience members.
Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.
CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.
This is MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.
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And I'm Steve Inskeep. Good morning.
Opponents have intensified a campaign against a group that drafts and promotes bills for state lawmakers to enact. The American Legislative Exchange Council, or ALEC, says it stands for limited government, free markets and federalism. The corporate-funded group has promoted much debated ideas - from voter ID rules to stand your ground gun laws.
Originally published on Mon April 23, 2012 5:27 am
Sebastian Vettel won the Bahrain Grand Prix over the weekend, but in a larger sense the winners were the race organizers. They managed to hold the race which was canceled last year by political unrest, which was part of the uprisings of the Arab Spring. Bill Law, of the British Broadcasting Corporation, talks to Steve Inskeep about the weekend's events in Bahrain.