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4:00 am
Tue August 7, 2012

India's Olympic Effort Faulted

Originally published on Wed August 8, 2012 1:39 pm

Transcript

STEVE INSKEEP, HOST:

Now, as we cover the Olympics, some of you have asked for spoiler alerts, but for this next report that is probably not necessary. NPR's Mike Pesca is taking us inside the world of India's men's field hockey team. We're not too worried about spoilers. Not just because most Americans don't care much about field hockey, but because the Indian squad has done a pretty good job itself of spoiling things. As Mike reports, the team's record tracks with the overall state of the Indian Olympic effort.

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Business
4:00 am
Tue August 7, 2012

Business News

Originally published on Wed August 8, 2012 1:39 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with your happiness.

(SOUNDBITE OF MUSIC)

MONTAGNE: That's the indicator Fed Chief Ben Bernanke wants to see. Bernanke told a conference of economists last night that despite data pointing to a recovery, many people still feel stressed. He said the economic well-being of Americans is the Fed's ultimate objective - that is, the sense that things are going well.

Business
4:00 am
Tue August 7, 2012

Best Buy's Founder Bids To Take Over Retailer

Originally published on Wed August 8, 2012 1:39 pm

Transcript

STEVE INSKEEP, HOST:

Best Buy's founder and former chairman is not happy about the way things are going. That's why Richard Schulze said, yesterday, he wants to buy back the shares he does not already own and take the electronics retailer private. Schulze said he decided to publicly announce this offer because the board was taking too much time with it - could be worth nearly $9 billion in cash.

But as NPR's Yuki Noguchi reports, the deal is being met with some skepticism.

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Business
4:00 am
Tue August 7, 2012

How Internet Browser Roles Are Changing

Originally published on Wed August 8, 2012 1:39 pm

Transcript

RENEE MONTAGNE, HOST:

As more people around the world get online using an increasing variety of devices, like smart phones and tablets, the browser wars are back and hotter than ever.

Microsoft's Internet Explorer and Google Chrome are battling to be the world's most popular browser. No matter what browser one may use, it's still the primary way through which many people still enter the Internet.

So, to browse the latest in browsers, we're joined by Rich Jaroslovsky. He's a technology columnist with Bloomberg News.

Good morning.

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Business
4:00 am
Tue August 7, 2012

The Last Word In Business

Originally published on Wed August 8, 2012 1:39 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is a deal with some strings attached. You have no idea yet what a terrible pun that is. The final notes have been played in a criminal case federal prosecutors brought against Gibson Guitar Corporation.

The Justice Department is dropping its charges against the guitar maker for illegally buying and importing exotic wood - specifically, ebony from Madagascar and rosewood and ebony from India. The company will pay a penalty of $300,000 and give another $50,000 for conservation efforts.

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