Business
2:09 am
Fri May 11, 2012

Freddie Mac Names JPMorgan Official CEO

Originally published on Fri May 11, 2012 2:11 am

Mortgage broker Freddie Mac named Donald Layton as its new chief executive officer. Layton worked for JPMorgan Chase for nearly 30 years before retiring in 2004.

Around the Nation
2:04 am
Fri May 11, 2012

Alaska Man To Make Uninhabited Island His Home

Originally published on Fri May 11, 2012 2:10 am

Charles Baird will be alone on the island for one year. He'll able to send short text messages, but won't be receiving any. By freeing himself from all media, he expects to have enough time to make a documentary about himself.

Around the Nation
1:58 am
Fri May 11, 2012

18-Month-Old Girl Turns Up On No-Fly List

Originally published on Fri May 11, 2012 2:10 am

JetBlue Airways apologized after removing a passenger from her flight because she was on a no-fly list. The passenger looks innocent enough — maybe because she's 18 months old. Her mother told WPBF-TV in Florida that the idea her daughter is a threat was "absurd" and "made no sense."

Business
12:39 am
Fri May 11, 2012

Post Office Reports Another Quarter Of Losses

Originally published on Fri May 11, 2012 2:10 am

The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.

Around the Nation
12:27 am
Fri May 11, 2012

Arizona Sheriff Arpaio Plans To Fight DOJ Lawsuit

Originally published on Fri May 11, 2012 2:10 am

The Department of Justice has announced it is suing Maricopa County Sheriff Joe Arpaio because of civil rights violations. He became a controversial figure for his tough stance on immigrants. Arpaio says he will not surrender his office and will fight the suit.

Politics
12:14 am
Fri May 11, 2012

Candidates Forced To Juggle Inconsistent Economic Data

Originally published on Fri May 11, 2012 2:10 am

Transcript

STEVE INSKEEP, HOST:

Now, the presidential election is expected to turn on the economy, which means that every bit of economic news takes on political significance. Trouble is, we don't always know what to make of it when we hear that unemployment claims fell again. Sounds good. Or that the trade deficit jumped. Not so good. NPR's Tamara Keith and Scott Horsley will now help us sort that out.

TAMARA KEITH, BYLINE: Whatever story you want to tell about the U.S. economy, you can find some data points to make your case.

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Election 2012
12:14 am
Fri May 11, 2012

Romney Apologizes For High School Bullying Incident

Originally published on Fri May 11, 2012 2:10 am

Mitt Romney's presidential campaign is in damage control mode after an article in The Washington Post accused the candidate of bullying in high school. Romney says he does not remember the incidents. Several of his classmates independently recall him going after students who seemed different, vulnerable or effeminate.

Business
12:14 am
Fri May 11, 2012

Business News

Originally published on Fri May 11, 2012 2:17 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Sony hitting a three-decade low.

(SOUNDBITE OF MUSIC)

INSKEEP: Sony shares fell to their lowest level since 1980 on Japan's Nikkei stock exchange today. That drop follows yesterday's report that the company suffered a net loss of $5.7 billion for the last fiscal year. The once dominant tech company has fallen behind other industry giants like Samsung and Apple, and has seen especially heavy losses in its TV division. Transcript provided by NPR, Copyright NPR.

Business
12:14 am
Fri May 11, 2012

The Last Word In Business

Originally published on Fri May 11, 2012 2:40 am

According to a survey by the National Retail Federation, mothers will be treated to a little more this holiday. All told, American consumers are expected to spend about $18.6 billion on the moms, stepmoms or grandmas in their lives.

Business
12:14 am
Fri May 11, 2012

Happy Renters Don't Budge From Homeownership Sidelines

Originally published on Fri May 11, 2012 2:10 am

U.S. homeownership rates have fallen to their lowest point since 1997, despite the homebuyer tax credit and enduring rock-bottom interest rates. Two years ago on Morning Edition, we profiled two couples who were renting with no regrets. Have they changed their tune?

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