The Two-Way
2:49 am
Mon May 14, 2012

Yahoo CEO's Ousting Is Victory For Hedge Fund Pushing Change At Company

Nicholas Kamm AFP/Getty Images

Sunday's news that Yahoo CEO Scott Thompson was stepping down in the wake of questions about his credibility is being followed this morning with accounts about how this is a victory for an activist hedge fund that's been pushing for changes at the Internet search giant.

As the Mercury News reports:

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Business
2:34 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
2:29 am
Mon May 14, 2012

Columbia University Janitor Graduates With Honors

Originally published on Mon May 14, 2012 4:48 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
1:49 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 4:17 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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Middle East
1:23 am
Mon May 14, 2012

Violence In Syria Has Not Abated

Originally published on Mon May 14, 2012 1:44 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?

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Jeff Brady is a NPR National Desk Correspondent based in Philadelphia. He covers the mid-Atlantic region and the energy industry.

In this role, Brady reports on the business of energy, from concerns over hydraulic fracturing in Western Pennsylvania to the oil boom in North Dakota and solar developments in the desert Southwest. With a focus on the consumer, Brady's reporting addresses how the energy industry intersects consumers' perspective at the gas pump and light switch.

Frequently traveling throughout the country for NPR, Brady has covered just about every major domestic news event in the past decade. Before moving to Philadelphia in July 2011, Brady was based in Denver and covered the west for NPR.

Mike Pesca first reached the airwaves as a 10-year-old caller to a New York Jets-themed radio show and has since been able to parlay his interests in sports coverage as a National Desk correspondent  for NPR based in New York City.

Pesca enjoys training his microphone on anything that occurs at a track, arena, stadium, park, fronton, velodrome or air strip (i.e. the plane drag during the World's Strongest Man competition). He has reported from Los Angeles, Cleveland and Gary. He has also interviewed former Los Angeles Ram Cleveland Gary. Pesca is a panelist on the weekly Slate podcast “Hang up and Listen”.

Cokie Roberts is a Morning Edition contributor.

At NPR she previously served as the congressional correspondent for more than 10 years. In addition to her work for NPR, Roberts is a political commentator for ABC News, providing analysis for all network news programming.

From 1996-2002 she and Sam Donaldson co-anchored the weekly ABC interview program This Week. In her more than forty years in broadcasting, she has won countless awards, including three Emmys. She has been inducted into the Broadcasting and Cable Hall of Fame, and was cited by the American Women in Radio and Television as one of the fifty greatest women in the history of broadcasting.

Steve Inskeep is host of NPR's Morning Edition, the most widely heard radio news program in the United States. He co-hosts the program with Renee Montagne and David Greene.

Known for probing questions to everyone from presidents to warlords to musicians, Inskeep has a passion for stories of the less famous—like an American soldier who lost both feet in Afghanistan, or an Ethiopian woman's extraordinary journey to the United States.

Economy
11:51 pm
Sun May 13, 2012

Unmanned Aircraft Tests Could Revive Ohio City's Economy

Originally published on Mon May 14, 2012 1:44 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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