The Two-Way
6:03 am
Thu May 17, 2012

As Feared, JPMorgan's Losses Are Growing; Reportedly At $3 Billion

Timothy A. Clary AFP/Getty Images

The word on Monday that JPMorgan Chase's losses from risky trades that went wrong could climb from $2 billion to perhaps as high as $4 billion in coming quarters is being bolstered this morning.

There's this report from The New York Times' Deal Book blog:

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Business
5:55 am
Thu May 17, 2012

Skechers To Settle FTC Complaint

Originally published on Thu May 17, 2012 5:58 am

The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.

Around the Nation
5:55 am
Thu May 17, 2012

Student Discovers Mastodon Tooth In His Backyard

Originally published on Thu May 17, 2012 5:58 am

An Oklahoma teacher asked her fifth graders to each bring in a rock. One student brought in a stone that looked like a tooth. It turns out it was a tooth, according to the Muskogee Daily Phoenix. The tooth may up to 40 million years old.

Around the Nation
5:49 am
Thu May 17, 2012

Director John Waters Hitches A Ride With Indie Band

Originally published on Thu May 17, 2012 5:58 am

The Baltimore legend is known for his pencil-thin mustache, and for movies like Hairspray. He's said in interviews he enjoys hitchhiking. Recently, the band Here We Go Magic tweeted photos of him in their van.

Europe
5:23 am
Thu May 17, 2012

Greek Voters Unlikely To Switch Austerity Views

Originally published on Thu May 17, 2012 5:58 am

John Peet, Europe editor of The Economist in London, talks to David Greene about European reaction to heightened speculation that Greece may leave the eurozone. Next month, voters are likely to back parties that want to tear up the IMF-EU bailout deal.

Business
5:23 am
Thu May 17, 2012

Would You Pay $1,500 For A Hot Dog?

Originally published on Thu May 17, 2012 5:58 am

The hot dog is topped with lobster tail, contains safron aioli and is covered in gold dust. Four of the expensive dogs have been sold, and the proceeds donated to charity.

Author Interviews
5:23 am
Thu May 17, 2012

'Patriot Of Persia' Revisits 1953 CIA Coup In Iran

Originally published on Thu May 17, 2012 5:58 am

Morning Edition's Steve Inskeep talks to journalist Christopher de Bellaigue about his book Patriot of Persia: Muhammad Mossadegh and a Tragic Anglo-American Coup.

Business
3:29 am
Thu May 17, 2012

Foreclosures Are Down For Third Straight Month

Originally published on Thu May 17, 2012 5:58 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some good news for the housing market.

(SOUNDBITE OF MUSIC)

GREENE: Home foreclosures in the United States are down for the third straight month, according to the foreclosure listing from RealtyTrack. Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year, hitting the lowest monthly level in nearly in five years. Transcript provided by NPR, Copyright NPR.

Television
3:29 am
Thu May 17, 2012

TV Networks Try To Sell Advertisers On Fall Lineups

Originally published on Thu May 17, 2012 5:58 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. I'm David Greene. And let's talk a little TV now. The broadcast networks are all gathered up in New York this week for what's known in the biz as the upfronts. This is when they tout their fall lineups to advertisers with star-studded presentations, trying to get their share of about $9 billion worth of advertising.

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Europe
2:31 am
Thu May 17, 2012

'Dire Consequences' If Greece Exits Euro

People walk past the Bank of Greece headquarters in Athens.
Louisa Gouliamaki AFP/Getty Images

Originally published on Thu May 17, 2012 9:46 am

Euros are being drained out of Greek banks at a rate of up to $1 billion a day this week. In the wake of the country's election turmoil, depositors are nervous about the heightened possibility of a Greek exit from the euro. If that were to happen, euros left in Greek banks could be worth much less than euros outside the country.

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