Economy & Business

Business
6:07 am
Mon March 10, 2014

Chiquita Brands To Buy Irish Rival

Originally published on Mon March 10, 2014 8:59 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a soon-to-be top banana.

(SOUNDBITE OF MUSIC)

MONTAGNE: An American company long synonymous with bananas is merging with an Irish rival to create the world's biggest banana company. The new company will be called ChiquitaFyffes, and it's expected to have annual sales of $4.6 billion.

Business
6:07 am
Mon March 10, 2014

IBM Computer Creates Meals At South By SouthWest Festival

Originally published on Mon March 10, 2014 8:59 am

IBM brought a very special food truck to Austin. It is serving dishes developed by its famous supercomputer Watson. In addition to fruit, Baltic Apple Pie uses garlic, onion and pork.

Business
4:03 am
Mon March 10, 2014

Identity Theft Tops Dirty Dozen List Compiled By IRS

Originally published on Mon March 10, 2014 8:59 am

Transcript

DAVID GREENE, HOST:

The "Dirty Dozen" is not just the name of an action film from the 1960s. It's also the name of the list the IRS puts out each year documenting the most common tax scams. For the past two years, identity theft has topped the list. That's when thieves first steal someone's identity and then steal their tax refund by filing a fraudulent return.

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Economy
3:57 am
Mon March 10, 2014

Signs Point To A Slowing U.S. Housing Market

Originally published on Mon March 10, 2014 8:59 am

After rising sharply in 2013, home prices in many areas are leveling off. An interesting and worrisome development for most Americans because their home is often their most valuable asset.

Business
1:58 am
Mon March 10, 2014

Big Investors Boosting Home Prices, And Not Everyone's Pleased

ReBOUND Residential in Florida has bought multiple properties like this one, a formerly bank-owned home in Sunrise, Fla., as investment properties. The houses are now bringing steady returns as rentals.
Greg Allen NPR

Originally published on Mon March 10, 2014 9:20 am

It's taken several years, but in many parts of the country, home prices are nearly back to where they were at the peak. In places like Florida, where the housing recession hit hard, home prices rose last year by one-fifth or more.

A major factor in the price rise is hedge funds, private equity firms and other large investors. They've moved aggressively into the residential market over the past two years, buying tens of thousands of distressed properties, often at bargain prices.

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