NPR's business news begins with a meaty Chinese investment in the U.S.
A Chinese meat producer plans to buy the U.S. meat company Smithfield for $4.7 billion dollars. Smithfield is the world's largest pork producers, and by some estimates, if this deal is approved by regulators, it would be the biggest takeover of a U.S. company by a Chinese company.
Larry King, who signed off from CNN in December 2010, has signed on with the English-language arm of RT, the Russian TV channel that aims to cover "the major issues of our time for viewers wishing to question more and delivers stories often missed by the mainstream media."
For its return to KCRW's Morning Becomes Eclectic, the Detroit duo Dale Earnhardt Jr. Jr. brought with it some new tracks, a ton of dance-happy beats and, of course, a saxophone. After previously touring as a duo, Joshua Epstein and Daniel Zott brought in extra players to fill out a bigger sound, yet the simplicity of their signature pop songs still sets them apart. "War Zone" is a great indicator of what's to come on their forthcoming full-length album, due this fall.
The idea that uneven Medicare health care spending around the country is caused by wasteful practices and overtreatment — a concept that has influenced portions of the federal health law — took another hit in a study published Tuesday.
The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about $4.72 billion in cash. The deal also includes an exchange of debt.
The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News.
As you know, we at Monkey See enjoy creepy wax figurines maybe more than anything in the world, and now, Wax George Clooney (whose adventures we have chronicled in the past) has been joined at a photo shoot in London by Wax Will Smith, as well as Wax Emma Watson. You know, just to hang out. To talk about movies. To talk about being made of wax.