Business

3:47pm

Tue April 9, 2013
The Two-Way

Bitcoin Surpasses $200 Mark, Continuing 'Epic' Rise

A chart shows the sharp rise of bitcoin against the U.S. dollar in the past five days. Only two months after exchange rates put a single bitcoin's value at around $20, it surpassed $200 Tuesday.
Bitcoin Charts

Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."

Bitcoin's rise has been sharp. It was only two months ago that exchange rates put a single bitcoin's value at around $20.

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12:04pm

Tue April 9, 2013
The Two-Way

KPMG Partner May Have Traded Inside Information

Originally published on Tue April 9, 2013 1:20 pm

KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a third-party stock trader.

Nutrient-supplement seller Herbalife briefly halted activity in its shares after the revelation, only reopening trading Tuesday afternoon. The company's stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.

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10:04am

Tue April 9, 2013
The Two-Way

New Data Show Ford Doing Well In Overseas Markets

Originally published on Tue April 9, 2013 11:27 am

A Ford Focus ST was on display at the 2013 North American International Auto Show in Detroit in January.
Stan Honda AFP/Getty Images

Which Japanese-manufactured car is the world's most popular vehicle? Maybe none of them. It might just be the Ford Focus.

More than a million Focus models were sold worldwide last year, with Toyota's Corolla coming in second. Next was Ford's top-selling F-Series pickup, sold almost exclusively in the U.S. and Canada, according to the marketing firm R.L. Polk.

Still, there's one caveat. As The Wall Street Journal points out:

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2:29am

Tue April 9, 2013
Business

J.C. Penney CEO Johnson Is Forced Out

Originally published on Tue April 9, 2013 7:14 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with J.C. Penney's revolving door.

(SOUNDBITE OF MUSIC)

GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.

Here's NPR's Wendy Kaufman.

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2:29am

Tue April 9, 2013
NPR Story

Administration Urges Europeans To Ease Austerity Measures

Originally published on Tue April 9, 2013 7:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama is preparing to send budget plan to Capital Hill this week and Treasury Secretary Jack Lew will be key in selling that plan to Congress.

Right now, Secretary Lew is on another mission: to sell European leaders on the idea of easing austerity to boost economic growth. We reached Secretary Lew in Berlin. Mr. Secretary, welcome back to the program.

SECRETARY JACK LEW: Good to talk to you, David.

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