General Motors is making a bigger effort in what's become the world's biggest car market. At the Beijing Auto Show this week, GM said it plans to open 600 new dealerships in China this year. GM is trying to grow Chinese sales while they still can.
Originally published on Tue April 24, 2012 7:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.
Originally published on Tue April 24, 2012 7:54 am
Former Prime Minister Geir Haarde was the first leader to be put on trial for his role in the global financial crisis. Renee Montagne talks to Michael Stothard, a correspondent for the Financial Times, about Haarde being found guilty of negligence for his handling of the financial crisis. He was cleared of three other charges.
Misaki Murakami and his family lost everything in last year's tsunami in Japan. Waves carried his soccer ball — covered in notes from third grade friends — to a beach in Alaska. The ball is being returned.
In the 1990's, a Panthers' player earned a place in pro hockey lore when he found a rat in the dressing room, and whacked it with his hockey stick. Fans are encouraged to litter the ice with plastic rats after a win. In a playoff game Saturday, a player from the opposing New Jersey Devils raced for the puck, and kicked a toy rat instead.
As a part of Earth Day celebrations, performance artist Alison Knowles took salad making to the extreme in New York City. Knowles chopped romaine lettuce, carrots and cucumbers to the beat of live music. She then tossed the avalanche of salad off a balcony into a giant tarp, where the salad was served up to audience members.
Now Marco Rubio happens to be one of those regularly mentioned as a possible vice presidential choice for Mitt Romney. And that's where we pick up our discussion with Cokie Roberts, who joins us most Mondays. Cokie, good morning.
COKIE ROBERTS, BYLINE: Hi, Steve.
INSKEEP: So is the vice presidential choice an opportunity for Romney to appeal to Hispanics?
Originally published on Mon April 23, 2012 7:19 am
Unlike the United States, Germany never had a housing bubble. Its mortgage market is too tightly regulated. But some German banks did lose a lot of money in the financial crisis, and they're still paying a big price for it.
Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.
CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.