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Business
1:37 am
Tue May 1, 2012

Bank Of America To Lay Off More Workers

Originally published on Tue May 1, 2012 4:23 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with more job cuts at Bank of America.

(SOUNDBITE OF MUSIC)

INSKEEP: The Wall Street Journal reports that the nation's second-largest bank is planning about 2,000 layoffs at its investment banking, commercial banking and wealth management units. These cuts are notable because they include high-earning employees in operations that account for most of Bank of America's profits since the financial crisis.

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Business
1:37 am
Tue May 1, 2012

The Last Word In Business

Originally published on Tue May 1, 2012 4:44 am

In a new report, the employment firm Challenger, Gray and Christmas predicts more jobs for teenagers this summer. While the jobs picture is improving, CEO John Challenger says teen hiring is still several years away from returning to pre-recession levels.

Business
1:37 am
Tue May 1, 2012

Siemens Changes Its Culture: No More Bribes

Originally published on Tue May 1, 2012 3:47 am

Transcript

STEVE INSKEEP, HOST:

Wal-Mart faces many questions after The New York Times reported that the company's expansion in Mexico involved systematic bribery. It is not, however, the first corporation to face this problem.

DAVID GREENE, HOST:

Years ago, Siemens - the giant German manufacturing firm - faced an even bigger scandal. Siemens is a little like General Electric. It seems to make everything everywhere, from security equipment to locomotives.

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Africa
1:37 am
Tue May 1, 2012

Conflict Simmers Between Sundan, South Sudan

Originally published on Tue May 1, 2012 4:07 am

South Sudan is the country that voted to break away from Sudan. They've been jostling for control of border zones, including oil fields. And just as the two sides were sitting down to negotiate, fighting broke out.

Business
1:37 am
Tue May 1, 2012

Caring For Sick Or Elderly Is Tough On The Wallet

Cheryl Matheis is senior vice president for policy at the AARP.
Courtesy of Cheryl Matheis, AARP

Originally published on Thu May 17, 2012 9:26 am

The average caregiver is 49 years old. Cheryl Matheis, senior vice president for policy at AARP, tells Steve Inskeep when a worker has to leave their job to care for a relative, they lose on average $325,000 in lifetime income — from lost wages, Social Security and pensions.

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