3:39am

Fri May 11, 2012
Business

Post Office Reports Another Quarter Of Losses

Originally published on Fri May 11, 2012 5:10 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.

3:14am

Fri May 11, 2012
Business

The Last Word In Business

Originally published on Fri May 11, 2012 5:40 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.

3:14am

Fri May 11, 2012
Politics

Candidates Forced To Juggle Inconsistent Economic Data

Originally published on Fri May 11, 2012 5:10 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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3:14am

Fri May 11, 2012
Election 2012

Romney Apologizes For High School Bullying Incident

Originally published on Fri May 11, 2012 5:10 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.

3:14am

Fri May 11, 2012
Business

Business News

Originally published on Fri May 11, 2012 5:17 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.

3:14am

Fri May 11, 2012
Middle East

Egyptians Captivated By Televised Presidential Debate

Originally published on Fri May 11, 2012 5:10 am

In Egypt's first presidential debate, only the top two candidates participated. Voters go to the polls later this month to choose among a field of 13 candidates. The winner is expected to be decided in a runoff next month.

3:14am

Fri May 11, 2012
Politics

Rep. Michele Bachmann Gives Up Swiss Citizenship

Originally published on Fri May 11, 2012 5:10 am

Transcript

STEVE INSKEEP, HOST:

Here's an update on a member of Congress who became a multinational person. As we reported yesterday, former Republican presidential candidate Michele Bachmann is Swiss. She became a dual citizen of Switzerland and the U.S. through her husband, Marcus Bachmann, whose parents are Swiss and who recently claimed his Swiss citizenship.

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3:14am

Fri May 11, 2012
Sports

White Sox Groom Saladino For Big League Play

Originally published on Fri May 11, 2012 5:10 am

Transcript

DAVID GREENE, HOST:

This spring and summer, we're following two minor league baseball players. We're learning about the pressures on an athlete, the emotional highs and lows, and just what their lives are like. One of the players is a young man named Tyler Saladino. He's in the Chicago White Sox organization, and fans are excited about the future for this 22-year-old.

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3:08am

Fri May 11, 2012
NPR Story

Ariz. Sheriff Arpaio Plans To Fight DOJ Lawsuit

Originally published on Fri May 11, 2012 5:10 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.

3:08am

Fri May 11, 2012
NPR Story

JPMorgan Chase Loses $2 Billion In Risky Trades

Originally published on Fri May 11, 2012 5:10 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

JPMorgan Chase has acknowledged losing at least $2 billion over the last six weeks in an investment strategy that went awry. The losses are a big embarrassment to a bank that's usually seen as one of the best-managed on Wall Street. And the incident is already prompting new calls for tighter restrictions on bank trading.

NPR's Jim Zarroli reports.

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