Business

2:49am

Wed April 25, 2012
Business

Are Bribes The Norm In Mexico's Business Culture?

Originally published on Wed April 25, 2012 6:42 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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2:49am

Wed April 25, 2012
Business

British Panel Hears From Rupert Murdoch

Originally published on Wed April 25, 2012 6:10 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.

2:49am

Wed April 25, 2012
Business

The Last Word In Business On Dull & Boring

Originally published on Wed April 25, 2012 6:10 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.

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1:05am

Wed April 25, 2012
Economy

Fed Chief Bernanke To Discuss Sluggish Economy

Originally published on Wed April 25, 2012 6:34 am

Federal Reserve Chairman Ben Bernanke has issued cautions about the economy.
Jim Watson AFP/Getty Images

Policymakers at the Federal Reserve wrap up a two-day meeting Wednesday and will explain what they plan to do about interest rates. The consensus seems to be they'll keep short-term rates near zero to help support the lagging economy.

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1:01am

Wed April 25, 2012
Asia

Carmakers In China Rev Up As Industry Shifts East

Originally published on Wed April 25, 2012 4:24 pm

China is now the world's largest market for cars, and the Auto China 2012 car show is now taking place in Beijing. Here, the Denza electric car, a joint creation by Daimler and Chinese manufacturer BYD, is unveiled Monday.
AP

The Beijing auto show runs this week in what is now the world's largest car market, and a crucial one for Detroit companies.

General Motors just announced it will open 600 more dealerships in China, where it sells more cars than it does in the U.S. Last week, Ford announced construction of its fourth Chinese assembly plant.

For longtime American auto executives in China, witnessing the shift in the global auto industry is dramatic.

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