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.
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 â€” 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 â€” he always made her appear a creature composed entirely of lipstick, mascara and hairspray.
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.
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.
Comedy Central's Stephen Colbert is running for president. He's parodying the process â€” including, now, superPACS â€” in the same way he has parodied cable news. He's getting plenty of attention, but to really look into his political practical joke, I needed to go upstairs and find Peter Overby, NPR's man on campaign finance. I warned him it would seem like a dumb question, but I needed his help. What, exactly, is a superPAC?