Today's last word in business is: snap, crackle and crunch.
Kellogg, the name behind many boxes in the cereal aisle, will now have its name on cans of Pringles. Kellogg bought the potato chip brand from Proctor and Gamble yesterday for $2.7 billion. The company put down the big bucks for Pringles to capitalize on yet another growing consumer demand in places like China and India - a new taste for snack.
And that's the business news from MORNING EDITION on NPR News. I'm Renee Montagne.
Thailand says three Iranians arrested this week were planning to assassinate Israeli diplomats in Bangkok. The bombs went off on Tuesday, wounding one Iranian and four Thai residents. Since then, Israel and Iran have been trading accusations of waging shadow warfare against each other through a series of recent attempted assassinations in several countries.
Mexican Federal Police, some of them covered head to toe in white hazardous-materials suits, paraded Jaime Herrera Herrera in front of the media in handcuffs this week. Officials say he was the methamphetamine mastermind for Mexico's most wanted man, Joaquin "El Chapo" Guzman, who runs the powerful Sinaloa cartel.
A federal court in New Orleans is preparing for one of the largest and most complex environmental lawsuits ever to come to court. It stems from the worst oil disaster in U.S. history: the explosion of the Deepwater Horizon rig nearly two years ago and the resulting oil gusher in the Gulf of Mexico.
Testimony is scheduled to begin at the end of the month. The case combines more than 500 lawsuits in one proceeding designed to determine who's responsible for what went wrong.
In a fluorescent-lit exam room, Col. Rochelle Wasserman sticks ballpoint-size pins in the ears of Sgt. Rick Remalia.
Remalia broke his back, hip and pelvis during a rollover caused by a pair of rocket-propelled grenades in Afghanistan. He still walks with a cane and suffers from mild traumatic brain injury. Pain is an everyday occurrence, which is where the needles come in.
"I've had a lot of treatment, and this is the first treatment that I've had where I've been like, OK, wow, I've actually seen a really big difference," he says.
Audits of working conditions are under way at Foxconn's manufacturing plants in China, a key link in Apple's supply chain of iPhones, iPads and other devices. The effort will include visits to at least three sites, "each with more than 100,000 workers," says Auret Van Heerden, president of the Fair Labor Association.
"So we've taken a representative sample of over 35,000 workers," Van Heerden tells All Things Considered co-host Robert Siegel, in an interview airing Wednesday.
By 2009, after years of losses, the all-black football team at Manassas High School in inner-city North Memphis, Tenn., was known as 'Whipping Boy Manassas' — one of the worst teams in the entire state. The new documentary Undefeated, recently nominated for an Oscar, captures the team's following season, and the struggles of its coach and players, on and off the field.
Co-directors Dan Lindsay and T.J. Martin describe the team's recent history.
Former Treasury Secretary Robert Rubin says the U.S. economic outlook is the most "uncertain" he has seen in his lifetime.
Given that he was born during the Great Depression (1938), and lived through the Cold War, the 1970s' inflation, a brutal 1980-82 recession and the recent global financial crisis, that may be saying a lot.
Rubin, who was President Clinton's Treasury secretary, is now co-chairman of the Council on Foreign Relations. He spoke Wednesday in Washington, D.C., at a conference called "American Competitiveness: What Works," sponsored by General Electric.
The wind power industry in this country has grown fast in recent years, but that could come to a screeching halt.
The industry depends on a federal subsidy to keep it competitive with other forms of electricity. It's a tax credit wind farms get for the power they produce. That credit expires at the end of the year, and it's not clear whether Congress will renew it.
The tax credit was initially created to encourage wind energy, since it is a clean and secure source of electricity. But these days the argument is all about jobs.
Originally published on Wed February 15, 2012 5:56 pm
Ready to say goodbye to a sliver of your Snickers? And how about a slightly slimmer Mars bar? By the end of 2013, chocolate-maker Mars says all of its chocolate bars will be under — or right at — the 250-calorie mark.
The 2-ounce Snickers currently sold in our NPR vending machine has 280 calories, and with the downsize it will lose about 11 percent of its size. The fun-size and the king-size bars currently range from 70 to 540 calories, which means the new 250-calorie limit spells the end of the king-size bar.