Business
7:34 am
Mon May 14, 2012

Yahoo CEO Out After Revelations Of Flawed Resume

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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Around the Nation
7:29 am
Mon May 14, 2012

Columbia University Janitor Graduates With Honors

Originally published on Mon May 14, 2012 9:48 am

When Gac Filipaj fled war-torn Yugoslavia in 1992, he became a refugee in New York. He took a janitor's job at Columbia University because it included free tuition. But he first had to learn English. After a dozen years, he received a bachelor's degree in classics over the weekend.

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.

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Political Junkie
6:27 am
Mon May 14, 2012

Obama & Gay Marriage: 'Courageous' Or Put Into A Corner?; Happy 300th Podcast!

President Obama participates in an interview with Robin Roberts of ABC's Good Morning America in the White House on May 9. During the interview, Obama expressed his support for gay marriage, a first for a U.S. president.
The White House Getty Images

Originally published on Mon May 14, 2012 11:04 am

The issue of same-sex marriage will long continue to fascinate and infuriate politics watchers everywhere, but this past week was especially impossible to ignore, starting last Sunday, with Vice President Biden's candid statement on NBC's "Meet the Press" that he is "absolutely comfortable" with it, through the Administration's torturous couple of days of attempting to "clarify" Biden's remarks, and culminating on Wednesday's interview for ABC's "Good Morning America, where President Obama "evolved" into embracing gay marriage once and for

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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.

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:

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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.

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.

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Economy
4:51 am
Mon May 14, 2012

Unmanned Aircraft Tests Could 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.

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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.

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