4:00am

Wed October 5, 2011
Business

Bank of New York Mellon Faces 2 Government Suits

Originally published on Wed October 5, 2011 5:28 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with lawsuits against a big New York bank.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Bank of New York Mellon is facing two more government lawsuits involving its currency trading business. The suits were filed yesterday by the Manhattan U.S. attorney and New York attorney general. The lawsuits accuse the bank of promising clients, including public pension funds, the best exchange rate, then giving them the worst rate and pocketing the difference.

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4:00am

Wed October 5, 2011
Business

Apple's Latest iPhone Underwhelms Investors

Transcript

LYNN NEARY, host: Samsung says it will file court injunctions in France and Italy to try and block the sale of Apple's latest iPhone, citing patent infringement. Apple unveiled its latest version of the popular smartphone just yesterday. As NPR's Wendy Kaufman reports, the new device, called the 4S, didn't make the usual splash.

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4:00am

Wed October 5, 2011
Economy

How Greece's Financial Crisis Hurts The U.S. Economy

David Wessel, economics editor of The Wall Street Journal talks to Lynn Neary about why the economic situation in Greece is affecting European banks and the U.S. financial picture.

4:00am

Wed October 5, 2011
Europe

Greek Public Sector Workers Strike Over Austerity Measures

Originally published on Wed October 5, 2011 5:28 pm

Transcript

LYNN NEARY, HOST:

It's MORNING EDITION from NPR News. I'm Lynn Neary. Steve Inskeep is away.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

We're going to hear now about the continuing economic woes of Greece. It's one of the small European Union countries drowning in debt. Today it faces yet another protest. This time, a general strike by workers in the public sector furious about more cuts aimed at them. The pressure to shrink the government payroll is coming from international creditors.

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4:00am

Wed October 5, 2011
Business

The Last Word In Business

Transcript

LYNN NEARY, host: Our last word in business today is...

(SOUNDBITE OF THEME SONG FROM TV SHOW, "THE SIMPSONS")

UNIDENTIFIED GROUP: (Singing) The Simpsons.

NEARY: The animated comedy "The Simpsons" is in its 23rd season, and there may not be a 24th. The actors who voice the parts of Homer, Bart and other key characters are fighting with 20th Century Fox over pay. Fox says it may end the hit comedy if an agreement can't be reached. The actors reportedly make about $8 million a season. Fox wants them to take a 45 percent pay cut.

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4:00am

Wed October 5, 2011
Business

Sandy Pope Challenges James Hoffa To Lead Teamsters

Transcript

RENEE MONTAGNE, host: The presidency of one of the biggest unions in the country is up for grabs. James Hoffa currently heads the International Brotherhood of Teamsters, and he's facing the first challenge by a woman in the Teamsters' 108-year-old history. Sandy Pope is a former truck driver. If she becomes head of the union and its 1.4 million members, her challenge would be to turn around years of declining membership.

NPR's Beenish Ahmed reports.

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4:00am

Wed October 5, 2011
Education

Thieves Scam Aid From Online Education Sites

The Department of Education says that as distance learning has grown so has fraud. An inspector general's report found that scam artists are taking advantage of the popularity of online education to steal federal education money.

4:00am

Wed October 5, 2011
NPR Story

NBA Labor Talks Break Down

Originally published on Wed October 5, 2011 5:28 pm

Transcript

RENEE MONTAGNE, HOST:

National Basketball Association players and owners are not any closer to settling their labor dispute. With the season scheduled to begin on November 1st, there's a real chance regular season games could be lost. After yesterday's talks ended without much success, league commissioner David Stern officially cancelled the remainder of the preseason. Joining us for more on this dispute is NPR's Mike Pesca.

Good morning.

MIKE PESCA, BYLINE: Hello.

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4:00am

Wed October 5, 2011
NPR Story

U.N. Resolution Against Syria Fail In Security Council

The U.N. Security Council has failed to agree on what to do about Syria's brutal crackdown on anti-government protesters. Tuesday night, Russia and China vetoed a resolution condemning Syria, even after the text was watered down and stripped of any threats of sanctions.

4:00am

Wed October 5, 2011
NPR Story

USDA Wants To Limit Potatoes In School Lunches

The Agriculture Department plans to limit potato consumption among schoolchildren to two servings a week. But politicians and farmers in potato-growing states such as Maine say the spud is being unfairly targeted. As it turns out, schoolchildren have strong opinions about potatoes too. Josie Huang of Maine Public Radio reports.

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