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Business
4:36 am
Wed November 21, 2012

Feds: Hedge Fund Benefited From Insider Trading

Originally published on Wed November 21, 2012 8:49 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

Federal prosecutors in Manhattan have brought charges in what they are calling the biggest insider trading case ever. A former hedge fund employee made about a quarter billion dollars for the fund after allegedly getting a sneak preview of clinical trial data for a new drug.

NPR's Ailsa Chang reports prosecutors believe this may lead them to even bigger cases.

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Business
4:36 am
Wed November 21, 2012

The Last Word In Business

Originally published on Wed November 21, 2012 8:49 am

Transcript

LINDA WERTHEIMER, HOST:

And today's last word in business is: retro gift.

This holiday season Furby is making a comeback. That's the fuzzy owl-like creature that learns to speak. In his first incarnation back in the '90s 40 million Furbys were sold.

RENEE MONTAGNE, HOST:

To reach those numbers again, the 21st century version has some updates - like LCD screens for eyes. They dilate to display graphics like rainbows, love-hearts or diamonds.

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Business
4:36 am
Wed November 21, 2012

Shops, Buyers Slow To Return To South Street Seaport

Originally published on Wed November 21, 2012 8:49 am

Transcript

RENEE MONTAGNE, HOST:

As the holiday season takes hold in New York City, shoppers are heading to FAO Schwartz near Central Park for toys, and to Macy's on 34th Street for clothes or cookware. They shouldn't have a problem, Midtown Manhattan was largely unaffected by Hurricane Sandy. One major tourist attraction in lower Manhattan wasn't so lucky.

Dan Tucker, of member station WNYC, has this report from the historic South Street Seaport.

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Afghanistan
3:20 am
Wed November 21, 2012

Pakistan's Overture To Taliban Concerns Afghans

Originally published on Wed November 21, 2012 8:49 am

Afghan officials welcomed the release of Taliban prisoners by Pakistan in an attempt to jump-start a shaky peace process with the militant group. But many Afghans are wondering about the timing and the motive. They say mistrust born of decades of duplicity won't vanish with a few declarations or small gestures.

Secretary-General of the Afghan High Peace Council Mohammad Stanekzai was part of the delegation that recently traveled to Pakistan to discuss how the countries can cooperate and bring the Taliban to the negotiating table.

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Afghanistan
2:58 am
Wed November 21, 2012

Prisoner Release Shifts Pakistan's Afghan Policy

Originally published on Thu November 22, 2012 11:06 am

There has been a small but potentially important breakthrough in the faltering Afghan peace process. In what is considered a good-faith gesture, Pakistan last week released at least nine Afghan Taliban prisoners. The move is seen as part of an emerging new strategy by Pakistan as it eyes the looming drawdown of U.S. and Western troops in Afghanistan.

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