Wed May 29, 2013

China's Shuanghui Buys Pork Giant Smithfield For $4.7 Billion



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.

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Wed May 29, 2013
The Two-Way

Larry King Signs Up With The Russians

Larry King in April at a charity gala in Las Vegas.
Bryan Steffy Getty Images for Keep Memory Alive

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."

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Wed May 29, 2013
Shots - Health News

Health Differences May Explain Medicare Spending Variation

Where a person lives seems to have an effect on Medicare spending. But why?

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.

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Wed May 29, 2013
The Two-Way

6 Stories To Mark 60 Years Since First Summit Of Everest

Mount Everest.
AFP AFP/Getty Images

On this, the 60th anniversary of the first successful summit of the world's tallest mountain, there's plenty of news about Mount Everest. Here are six stories we found interesting:

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Wed May 29, 2013
Dispatches from Kolkata for 5/29

The Great Bachchan

Amitabh Bachchan in The Great Gatsby

For most of the world, The Great Gatsby is a film by Baz Luhrmann starring Leonardo di Caprio. For  India, it’s the film that marks the Hollywood debut of Bollywood’s biggest superstar, the seventy-year old Amitabh Bachchan.

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Wed May 29, 2013
The Two-Way

Smithfield Foods To Be Sold To Chinese Firm For $4.72 Billion

Originally published on Wed May 29, 2013 7:11 am

Smithfield Foods, makers of ham products under a variety of brand names, is being purchased by Chinese food maker Shuanghui International, for $4.72 billion in cash.
LM Otero AP

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.

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Wed May 29, 2013
KALW Almanac

Wednesday May 29, 2013

  • 149th Day of 2013 / 216 Remaining
  • 24 Days Until The First Day of Summer
  • Sunrise:5:50
  • Sunset:8:24
  • 14 Hours 34 Minutes of Daylight
  • Moon Rise:11:53pm
  • Moon Set:10:53am
  • Moon’s Phase:72 %
  • The Next Full Moon
  • June 23 @ 4:33am
  • Full Strawberry Moon
  • Full Rose Moon

This name was universal to every Algonquin tribe. However, in Europe they called it the Rose Moon.

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Wed May 29, 2013
The Two-Way

Tuesday's Tornadoes To Be Followed By More Storms Wednesday

Where the weather is expected to be the worst Wednesday.
National Weather Service

Tuesday's warnings about more severe weather and the likelihood of tornadoes across much of the nation's midsection proved accurate.

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Wed May 29, 2013
The Two-Way

Cleveland Hero Charles Ramsey Says No Thanks To Free Burgers

Charles Ramsey on the day three young women (and one of the women's daughters) were rescued from a Cleveland home. He gained fame for his accounts of what happened.
Scott Shaw The Plain Dealer /Landov

We need to update the news that a dozen Cleveland area restaurants said they would give Charles Ramsey "free burgers for life" because of the way he helped rescue three young women and a little girl from the home where police say they had been held captive and brutalized for years.

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Wed May 29, 2013
The Two-Way

Book News: Kipling Admitted Plagiarizing 'Promiscuously'

English poet and novelist Rudyard Kipling poses in 1925.
Hulton Archive Getty Images

The daily lowdown on books, publishing, and the occasional author behaving badly.

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