NPR's business news starts with IKEA's success building.
The largest furniture maker in the world is ending the week with a bang. Sweden's IKEA posted, today, a record profit for its 2010, 2011 fiscal year. Net profit was up more than 10 percent to $3.8 billion. The company saw its biggest gains in China, in Russia and in Poland. Transcript provided by NPR, Copyright NPR.
Republican presidential candidates (from left) Rick Santorum, Mitt Romney, Newt Gingrich and Ron Paul participate in the GOP presidential candidate debate at the North Charleston Coliseum in Charleston, S.C., on Thursday.
The last Republican presidential debate before Saturday's South Carolina primary was expected to be lively. It didn't disappoint.
It was clear, even before the four remaining candidates met on the stage in Charleston, SC, that at least three of them would face some fairly high-stakes moments that could change the course of the contest. The question going into the debate was would they be able to master those moments?
Whenever the late New York Times caricaturist Al Hirschfeld sketched Carol Channing — whether picturing her as an indomitable Dolly Levi, swathed in feathers and sequins, or as carbon-crazed Lorelei Lee, eyes sparkling like the diamonds that were that splendid creature's best friends — he always made her appear a creature composed entirely of lipstick, mascara and hairspray.
People line up to buy train tickets at Changsha Railway Station in Changsha, in southern China's Hunan province on Dec. 28, 2011. Million of Chinese are expected to cramp onto China's train network in the coming weeks to return home for the Chinese lunar new year that starts on Jan. 23, 2012.
An electronic board at Shanghai Railway Station shows many trains sold out for Jan. 16-18. China's Rail Ministry spent more than $8 million on the ticketing website — which crashed and sometimes charged users without actually giving them tickets.
On the day Li Xiusheng went to the Shanghai train station, he bought the last same-day ticket back to his hometown in central China's Anhui province. Li, a Christian, thinks it happened because of divine intervention.
During China's Lunar New Year holiday, more than 200 million people will travel home. It's the world's largest annual migration, and every year, Chinese tell horror stories about trying to get train tickets.
This season, the holiday falls on Monday, and it was supposed to be different: For the first time, China's rail ministry created a website to reserve seats. But things didn't work out as planned.
If you listen to commercial radio, this is not news: Katy Perry had a huge year. She went No.1 five times. She was the most played artist on the radio. But the record industry is so weird, it's hard to know whether this kind of success translates into huge amounts of money.
So we asked.
I walked over to Katy Perry's record label. She's on Capital, which is under EMI. I met Greg Thompson, executive vice president of marketing and promotion at EMI.
Morocco's King Mohammed VI introduced reforms after protests began last February. But activists say the measures didn't go far enough and they are still taking to the streets. Here, the king is shown in his palace in Rabat on June 17.
Millions of homeowners are finding out that their property taxes are either holding steady or climbing, even as their house may be worth much less. There may not be much they can do about it.
In Ohio, Cuyahoga County's fiscal officer, Wade Steen, has been taking many calls from unhappy homeowners. He says they most often live in a community where voters passed a recent levy. That's a property tax measure that boosts funding for things such as schools and libraries.