Business

5:05am

Fri March 9, 2012
The Two-Way

Greece Takes Critical Step Toward Avoiding Bankruptcy

The European Union flag flies in front of the Parthenon in Athens. Greece's EU partners are about to give it another massive bailout.
Louisa Gouliamaki AFP/Getty Images

The important takeaway from this morning's news about Europe's financial mess:

It seems less likely that Greece will go bankrupt and more likely that it will get another international bailout that hopefully will shore up the nation's economy and prevent a domino-like tumble of other ailing European nations and the unsettling repercussions that could have for the U.S. economy.

As The Associated Press writes:

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2:00am

Fri March 9, 2012
NPR Story

Wal-Mart Ad Targets Regional Grocer Harris Teeter

Originally published on Tue March 13, 2012 1:31 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a surprising ad campaign from Wal-Mart.

(SOUNDBITE OF MUSIC)

INSKEEP: OK. Charlotte, North Carolina, is the scene of Wal-Mart's latest ad. The commercials here are unusual because they mention a competitor - a small, regional grocery chain - by name.

As Scott Graf of member station WFAE reports, Wal-Mart says it's the first time it's ever done this.

SCOTT GRAF, BYLINE: One of the commercials goes like this:

(SOUNDBITE OF WAL-MART COMMERCIAL)

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2:00am

Fri March 9, 2012
Business

Legendary Guitar Maker Fender Files For IPO

Transcript

STEVE INSKEEP, HOST:

Here's one more sales pitch for you. Today's last word in business is your chance to buy a legendary brand.

Fender made guitars held by everyone from Buddy Holly to Jimi Hendrix to Bruno Mars - and maybe even smashed by a few of them. And now Fender has filed paperwork for an initial public offering. The company is looking to raise some $200 million. This company, based in California, wants to pay down debt, and get into new markets like India and China.

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10:01pm

Thu March 8, 2012
Planet Money

Meet Claudia, The High-Tech Cow

Originally published on Mon March 12, 2012 9:09 am

Technology at rest.
Adam Davidson NPR

Here's the secret of the modern dairy farm: The essential high-tech advances aren't in machinery. They're inside the cow.

Take a cow like Claudia. She lives at Fulper Farms, a dairy farm in upstate New Jersey. Claudia is to a cow from the 1930s as a modern Ferrari is to a Model T.

In the 1930s, dairy farmers could get 30 pounds of milk per day from a cow. Claudia produces 75 pounds a day.

To appreciate a cow like Claudia, you have to know where to look.

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3:01pm

Thu March 8, 2012
Business

GM Suspends Production Of Hybrid Volt

The 2011 Chevy Volt plug-in hybrid.
NRMA New Cars Creative Commons

General Motors has decided to put its electric hybrid car the Volt on hiatus for 5 weeks so consumer demand can catch up with supply.

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