ARI SHAPIRO, host:
NPR's business news starts with a new offering from Google.
(Soundbite of music)
SHAPIRO: Google already has a mobile phone operating system. But now it plans to sell its own mobile phones directly to consumers, not through a wireless carrier as most phones are now sold.
The plans are seen as a direct challenge to Apple's iPhone. Google has also been developing an Internet-based call routing system and analysts say if the company starts offering cheap calling, it would challenge conventional mobile phone carriers as well.
RENEE MONTAGNE, host:
In overseas finance, Dubai just caught a lifeline from the neighboring emirate of Abu Dhabi. Abu Dhabi provided $10 billion in financing to help the company at the center of Dubai's financial woes. The debt troubles of that company -Dubai World - sent jitters throughout world markets because so many international banks and other investors have poured money into the company.
Dubai World will use the money for some bond repayments, though it still needs to renegotiate billions of dollars in other debts.
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