Business

5:03am

Wed May 2, 2012
Business

Business news

Originally published on Wed May 2, 2012 5:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with falling profits for UBS.

(SOUNDBITE OF MUSIC)

GREENE: Suisse Bank UBS announced today that their profits fell 54 percent in the first quarter of this year. The drop is blamed on a decrease in investment banking income, and also because of an accounting charge on its debt.

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5:03am

Wed May 2, 2012
Business

Pfizer Settles Suit Involving Celebrex

Transcript

STEVE INSKEEP, HOST:

Pfizer, one of the worlds largest drug companies, will pay Brigham Young University nearly half a billion dollars to settle a patent related lawsuit involving the company's blockbuster painkiller Celebrex.

NPR's Wendy Kaufman reports, the settlement comes as the case was about to go to trial.

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4:37am

Wed May 2, 2012
NPR Story

Texas Battling Pollution From Poultry Production

Originally published on Wed May 2, 2012 10:24 am

Transcript

STEVE INSKEEP, HOST:

Americans are now eating more chicken than beef or pork. And meeting that demand is an industry that some have dubbed big chicken. Texas is a major player in the industry, and so now Texas must manage a problem that in other circumstances we might describe as fallout or blowback. Dave Fehling of member station KUHF in Houston explains what that problem is.

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1:23am

Wed May 2, 2012
All Tech Considered

NBC Will Stream The London Olympics Live — But Only To TV Subscribers

Originally published on Wed May 2, 2012 5:03 am

Many track fans watched online four years ago, as sprinter Usain Bolt set a world record at the Beijing Olympics. This year, NBC will stream video of all 302 events online. And Bolt, seen here showing his appreciation for video in 2010, will try to repeat his feat.
Mark Dadswell Getty Images

For decades, Olympics fans have loathed two words: "tape" and "delay." But this summer, things will be different: For the first time, NBC will stream live video of the London Games, online and via mobile.

If you think that decision is overdue, you're not alone. Sports Business Daily media reporter John Ourand says he is shocked it has taken this long for the network to put live video of all Olympic events online.

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1:21am

Wed May 2, 2012
Crisis In The Housing Market

Should Banks Maintain Abandoned Properties?

Originally published on Wed May 2, 2012 7:49 am

An abandoned home on Chicago's South Side, which neighbor Ruben DeSantiago says attracts gang activity. DeSantiago and other neighbors mow the lawn and pick up trash because they say no one else is caring for the house.
Odette Yousef

Like hundreds of cities across the country, Chicago is trying to tackle the issue of too many foreclosed and vacant homes. The city is now requiring lenders to ensure that those abandoned properties are secured and maintained. Other cities have similar laws.

But the federal government is suing Chicago over its new rules in what's seen as a test case that could affect whether any city would be allowed to keep lenders on the hook for abandoned properties.

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