This is MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.
DAVID GREENE, HOST:
And I'm David Greene. For Mitt Romney, this is a day to savor victory and feel a lot of relief. The former Massachusetts governor turned back former Pennsylvania Senator Rick Santorum in two states. Romney won an easy victory in Arizona. In Michigan, Romney had to scratch out a close win in the state where he was born.
Romney has reclaimed his status as clear front-runner one week before 10 more states vote on Super Tuesday.
And that brings us to our last word in business on this Leap Day: a rare proposal. Traditionally in many European countries Leap Day was considered the only day when a woman could propose to a man. And one restaurant in Swindon, England seems to be capitalizing on that.
NPR's business news starts with an invitation from Apple.
Journalists were invited yesterday by Apple for a product event next month. And that was enough to send the company shares to another all-time high. There's wide speculation the event will introduce the next generation of its iPad tablet. The iPad 3 is expected to have a faster processor and a high definition display. Transcript provided by NPR, Copyright National Public Radio.
Pakistani journalist Pir Zubair Shah has been following drone strikes in the border region between Pakistan and Afghanistan for more than half a decade. He talks to Morning Edition's Steve Inskeep about his recent article in Foreign Policy magazine titled "My Drone War."
You've heard of identity theft — someone using a person's credit information or a Social Security number for ill-gotten gains. Well, experts say similar crimes are also affecting businesses.
Business identity theft involves posing as a legitimate business in order to get access to credit lines or steal customers. Experts believe that the practice has become more prevalent in the past two years.
The year the Quidi Vidi Brewing Co. started brewing beer with iceberg water, a giant iceberg floated up against the cliffs around St. John's, Newfoundland.
"It was a big berg and it jammed right across the harbor here," says Charlie Rees, the brewery's tour guide.
Rees says Newfoundlanders have a curious relationship with icebergs. On the one hand, they're a fact of life. On the other, when that iceberg was in the harbor's mouth, hundreds of people came down to gawk. He took pictures.
The goal of the Federal Reserve's low interest rate policy is to juice the economic recovery. The low rates should make it easier for people to borrow money, which they'll hopefully spend; the increased demand for goods and services is then supposed to translate into more hiring.
That's what the Fed is banking on. It hopes low interest rates will help with its mandate of achieving maximum employment, but it also has another mandate: to keep prices stable.
"In many cases, those two conflict," says economist Joe Gagnon of the Peterson Institute for International Economics.
To the list of weird-sounding hybrid words of the digital age, like Googling and tweeting, we can now add "pinning." As in Pinterest. It's sort of an online scrapbook or bulletin board, and it's one of the fastest-growing websites in history.
Last month, more than 10 million unique visitors signed on to Pinterest. But some of them, like Billy Winburn, are still trying to get the hang of it. At an office in Alexandria, Va., Jennifer Folsom, who works a few desks away, is walking him through the process.
At newsstands across France on Wednesday, readers will delight to a humorous broadsheet published every four years on leap day.
At news shops in Paris and around France, readers look forward to their copy of La Bougie du Sapeur every Feb. 29. Published since 1980, the satirical journal is now in its ninth edition. Its title, which translates as "sapper's candle," is taken from an old French comic-book figure who was born on that fateful last day of February.