Avon, the global cosmetics company known for its door-to-door sales, has rejected a $10 billion takeover bid from Coty. That company is best known for things like its Lady Gaga and Calvin Klein fragrances.
NPR's Wendy Kaufman reports that Avon believed the offer was just too low.
Well, from a classic American company to a classic industry. It turns out automobiles are improving, so much so in fact, that the U.S. seems to be entering a golden age of vehicle quality and reliability.
Michigan Radio's Tracy Samilton has this story about the demise of the lemon.
NPR's business news starts with what happens in Vegas...
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GREENE: What happens in Vegas doesn't always stay in Vegas, especially if it involves taxpayer dollars.
The head of a federal agency has resigned after reports of inappropriate spending at a conference near Las Vegas. Martha Johnson led the General Services Administration, which manages the federal government's property.
The city of Detroit is broke - verging on bankruptcy, in fact. And we may have come to a moment of reckoning. This week, Michigan's governor is giving city officials a choice: either they allow the state to help run Detroit's finances, or the state will appoint an emergency manager with total authority over budgetary matters. WDET's Quin Klinefelter reports.
We're going to look now at an animal whose habitat is slowly disappearing. Polar bears live on sea ice. But Arctic sea ice, which used to stay frozen in the summertime, is now slowly disintegrating. This poses a unique challenge for scientists, government officials and others. How do you preserve the polar bear and prevent it from going extinct decades from now? Juliet Eilperin of The Washington Post has been reporting on this issue. And she joins us now to talk about what she's learned.