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8:47 am
Wed May 29, 2013

China's Shuanghui Buys Pork Giant Smithfield For $4.7 Billion

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RENEE MONTAGNE, HOST:

NPR's business news begins with a meaty Chinese investment in the U.S.

A Chinese meat producer plans to buy the U.S. meat company Smithfield for $4.7 billion dollars. Smithfield is the world's largest pork producers, and by some estimates, if this deal is approved by regulators, it would be the biggest takeover of a U.S. company by a Chinese company.

The Two-Way
8:44 am
Wed May 29, 2013

Larry King Signs Up With The Russians

Larry King in April at a charity gala in Las Vegas.
Bryan Steffy Getty Images for Keep Memory Alive

Originally published on Wed May 29, 2013 8:46 am

Larry King, who signed off from CNN in December 2010, has signed on with the English-language arm of RT, the Russian TV channel that aims to cover "the major issues of our time for viewers wishing to question more and delivers stories often missed by the mainstream media."

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Shots - Health News
8:14 am
Wed May 29, 2013

Health Differences May Explain Medicare Spending Variation

Where a person lives seems to have an effect on Medicare spending. But why?
iStockphoto.com

The idea that uneven Medicare health care spending around the country is caused by wasteful practices and overtreatment — a concept that has influenced portions of the federal health law — took another hit in a study published Tuesday.

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The Two-Way
7:59 am
Wed May 29, 2013

6 Stories To Mark 60 Years Since First Summit Of Everest

Mount Everest.
AFP AFP/Getty Images

Originally published on Wed May 29, 2013 8:12 am

On this, the 60th anniversary of the first successful summit of the world's tallest mountain, there's plenty of news about Mount Everest. Here are six stories we found interesting:

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The Two-Way
7:27 am
Wed May 29, 2013

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

Smithfield Foods, makers of ham products under a variety of brand names, is being purchased by Chinese food maker Shuanghui International, for $4.72 billion in cash.
LM Otero AP

Originally published on Wed May 29, 2013 8:11 am

The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about $4.72 billion in cash. The deal also includes an exchange of debt.

The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News.

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