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

The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the company to Shuanghui International Holdings Limited, for nearly $5 billion in cash. The deal also includes an exchange of debt.
NPR

Fox Disputes Justice Department's Stand On Subpoena

The Justice Department is at a standoff with Fox News over whether it informed the cable channel and its parent company News Corp. of a wide-ranging subpoena for a Fox reporter's phone records. Fox said it was taken by surprise. But the Justice Department said it told News Corp. by email, fax and certified letter of the subpoena — and told reporter James Rosen directly.
NPR

Stats Show Home Prices Mark Big Gains

It's now clear that the housing sector has bounced back from its long downturn. In March, prices had the biggest year-over-year gain since early 2006.
NPR

White House Economic Advisor To Leave

Alan Krueger, the chairman of the President's Council of Economic Advisers, says he will step down to return to Princeton to resume his post as a professor of economics. Krueger, who has served as CEA chairman for the past two years, will return to Princeton in time for the beginning of the fall term.
NPR

New York A Capella Group Sings About Business

The group started performing together at the tech company Foursquare. The Wall Street Journal says the group tabulates votes on which songs to perform by using a spreadsheet.
NPR

Once A Boon For Investors, House Flipping Is Back

Popular during the housing boom, flipping houses is when investors buy a house, fix it up and then resell it within six months. With an improving economy, investors are at it again. In parts of California, it's happening at some of the fastest rates in a decade.
NPR

Natural Gas Export Plan Unites Oregon Landowners Against It

The natural gas industry wants to export more of its commodity, but first it has to build infrastructure. In Oregon, companies want to build a 230-mile pipeline and an export terminal on the coast. Some welcome the new jobs, but others worry about environmental consequences.

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