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The Two-Way
5:49 am
Mon May 14, 2012

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

Credit Mark Lennihan / AP

Originally published on Mon May 14, 2012 8:17 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.

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Economy
5:17 am
Mon May 14, 2012

Unmanned Aircrafts May Revive Ohio City's Economy

Originally published on Mon May 14, 2012 5:44 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.

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Business
3:51 am
Mon May 14, 2012

The Last Word In Business

Originally published on Mon May 14, 2012 6:46 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.

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Analysis
3:51 am
Mon May 14, 2012

Polticis In The News

Originally published on Mon May 14, 2012 6:10 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
3:51 am
Mon May 14, 2012

An Update On Syrian Violence

Originally published on Mon May 14, 2012 5:44 am

Over the weekend, Syrian troops continued their brutal campaign against those who oppose the regime of President Bashar Assad. And a questionable video has been released by a group claiming responsibility for massive explosions that shook Syria's capital last week.

Religion
3:51 am
Mon May 14, 2012

Presbyterians' Views On Gay Marriage Vary

Originally published on Mon May 14, 2012 5:44 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
3:51 am
Mon May 14, 2012

Ambassador Crocker Focuses On Afghanistan's Future

Originally published on Mon May 14, 2012 6:56 am

Morning Edition's Renee Montagne continues her reporting from the Afghan capital Kabul on the future of Afghanistan. She sits down with the U.S. Ambassador to Afghanistan, Ryan Crocker.

Education
3:51 am
Mon May 14, 2012

Budget Woes Could Close Philly's Problem Schools

Originally published on Mon May 14, 2012 5:44 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.

Business
3:47 am
Mon May 14, 2012

Business News

Originally published on Mon May 14, 2012 6:34 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Mother's Day shakeup.

(SOUNDBITE OF MUSIC)

INSKEEP: Yahoo says its CEO, Scott Thompson, is out, after a shareholder revealed an in accuracy on his resume. Mr. Thompson had claimed that he held two college degrees. In fact, he only had one. Thompson's resignation is a victory for an activist hedge fund that has been pressing for a shakeup in how Yahoo is run.

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Science
3:47 am
Mon May 14, 2012

NPR Series To Examine Fracking

Originally published on Mon May 14, 2012 5:49 am

All this week, NPR is taking a deeper look at the natural gas boom in the United States. The series is called "The Fracking Boom: Missing Answers."

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