Tagged: Wall Street

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with impressive earnings for Amazon.

(SOUNDBITE OF MUSIC)

INSKEEP: Amazon released its first-quarter earnings for 2012, which far exceeded Wall Street expectations. As NPR's Steve Henn reports, that sent Amazon's stock price soaring.

At Citigroup's annual meeting Tuesday, 55 percent of shareholders voted against big paychecks for the firms top executives. Citigroup's latest pay package saw the CEO take home some $25 million, despite dwindling share values. The vote is not binding, but analysts call it historic.

Warren Buffett, 81, has been diagnosed with prostate cancer, his Berkshire Hathaway company announced Tuesday afternoon. The cancer is at Stage 1, according to MarketWatch. The billionaire investor's condition is not life-threatening, he says.

Buffett send a letter to Berkshire Hathaway shareholders to inform and reassure them. Here's the text of that letter: