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Workers-Turned-Caregivers Lose More Than Wages

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.

Siemens Changes Its Culture: No More Bribes

Wal-Mart remains under a cloud after The New York Times reported the retailers expansion in Mexico involved systematic bribes. To get a sense of how that might play out, Steve Inskeep talks to Peter Solmssen, a managing board member and general counsel for Siemens. The German engineering and electronics conglomerate was involved in its own bribery scandal.

Microsoft, Barnes & Nobel Take On Digital Rivals

Microsoft and Barnes & Noble are teaming up to compete in digital books and tablet computing. The companies have announced Microsoft will invest $300 million in a new Barnes & Noble digital division. The announcement sent Barnes and Noble stock soaring.

As Portfolios Recover, More Workers Retire At 65

Many older baby boomers — those already 65 — are choosing to go ahead with retirement rather than wait. That's according to a study by MetLife, which says 45 percent of 65 year olds described themselves as "fully retired." Only 5 percent retired later than planned.

Summer Employment Looks Sunnier For Teens

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.

Bank Of America To Lay Off More Workers

The nation's second-largest bank is planning to layoff about 2,000 people at its investment banking, commercial banking and wealth management units, according to The Wall Street Journal. The 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.