NPR News

Pages

The Two-Way
6:49 am
Mon May 14, 2012

Reports: JPMorgan's Losses Could Top $4 Billion; Three Execs To Resign

Mark Lennihan AP

Originally published on Mon May 14, 2012 9:17 am

Three high-ranking executives, including one of the most powerful women on Wall Street, are expected to resign from JPMorgan Chase this week because of their roles in the $2.3 billion loss the bank recently suffered when some risky trades blew up in its face.

The Wall Street Journal, which broke that news, also reports that JPMorgan's losses from the "giant trading blunder" keep growing. It cites "people familiar with the situation," as its sources.

Read more
Sports
6:44 am
Mon May 14, 2012

NHL Action Moves On To Conference Finals

The conference finals are underway in the National Hockey League playoffs. In the East, the New York Rangers will face the New Jersey Devils Monday. In the West, the Los Angeles Kings have won Game 1 — beating the Phoenix Coyotes 4-2.

Economy
6:17 am
Mon May 14, 2012

Unmanned Aircrafts May Revive Ohio City's Economy

Originally published on Mon May 14, 2012 6:44 am

Transcript

STEVE INSKEEP, HOST:

The economy of Wilmington, Ohio was devastated three years ago when the shipping company DHL left town, taking thousands of jobs with it. City leaders now want to embrace a rapidly growing industry - unmanned aerial vehicles, also known as UAVs. In popular culture, they're somewhat inaccurately called drones. The Federal Aviation Administration recently gave the Air Force permission to test UAVs at the now largely vacant Wilmington Air Park. Here's Ann Thompson of member station WVXU.

Read more
Business
4:51 am
Mon May 14, 2012

Facebook's IPO Could Make Its CEO Worth $18B

Originally published on Mon May 14, 2012 7:37 am

Facebook is expected to start selling stock to the public this week. The social networking giant is expected to begin trading on the Nasdaq Stock Market on Friday. CEO Mark Zuckerberg will remain the company's biggest shareholder. Steven Levy, of Wired magazine, talks to Morning Edition's David Greene about what that means for the company and potential shareholders.

Business
4:51 am
Mon May 14, 2012

The Last Word In Business

Originally published on Mon May 14, 2012 7:46 am

Transcript

STEVE INSKEEP, HOST:

You know, one of the benefits of starting your own company is that you can pretty much wear whatever you want - up to a point. Our last word in business today is: dress for success.

Just as Steve Jobs was known for his mock-turtleneck, Mark Zuckerberg has become known for his hoodie. Business blogs breathlessly chronicle Zuckerberg's dress decisions and note the fact that he sports the collegiate just-rolled-out-of-bed look, even at important business meetings.

Read more
Analysis
4:51 am
Mon May 14, 2012

Polticis In The News

Originally published on Mon May 14, 2012 7:10 am

The head of JPMorgan Chase says the trading strategy that cost it $2 billion in a matter of weeks won't really affect the bank's bottom line. But the trade happened during a presidential campaign where the economy and Wall Street are major themes.

Middle East
4:51 am
Mon May 14, 2012

Violence In Syria Has Not Abated

Originally published on Mon May 14, 2012 6:44 am

Transcript

STEVE INSKEEP, HOST:

Syria's violence has not let up. Over the weekend, Syrian troops continued their campaign against those who opposed the regime of President Bashar al-Assad. Let's talk about this with NPR's Kelly McEvers, who's on the line from Beirut. And Kelly, what's the latest?

Read more
Religion
4:51 am
Mon May 14, 2012

Presbyterians' Views On Gay Marriage Vary

Originally published on Mon May 14, 2012 6:44 am

Twenty years ago, few Americans approved of homosexuality or thought gay marriage should be legal. Now, nearly half of all Americans support same-sex marriage, though most Christians are still opposed to it.

Afghanistan
4:51 am
Mon May 14, 2012

Ambassador Crocker Focuses On Afghanistan's Future

Originally published on Mon May 14, 2012 7:56 am

Transcript

STEVE INSKEEP, HOST:

Afghanistan's president, Hamid Karzai, travels soon to Chicago. He'll attend a summit of NATO, the North Atlantic Alliance, on whose troops Karzai's government depends. At that summit, NATO countries will be asked to pledge billions of dollars to support Afghanistan's security forces after NATO combat troops withdraw in the year 2014. The U.S. ambassador to Afghanistan will also attend that summit. And as he prepared to leave Kabul, he sat down with our own Renee Montagne.

RENEE MONTAGNE, HOST:

Read more
Education
4:51 am
Mon May 14, 2012

Budget Woes Could Close Philly's Problem Schools

Originally published on Mon May 14, 2012 6:44 am

Philadelphia's school district plans to close a quarter of its school buildings in coming years to eliminate a huge budget hole. But parents and activists don't trust the decision-makers. Many of them suspect the plan is a ruse to force charter schools and privatization on the district.

Pages