The big Swiss bank UBS awarded some of its investment bankers millions of dollars in bonuses for their work last year. Now, according to The Wall Street Journal, it's taking some of that money back.
RENEE MONTAGNE, HOST:
Or clawing it back. That's our last word in business today. Claw back provisions implemented after the financial crisis allow banks to recover bonuses from employees. A trading scandal last year cost UBS more than $2 billion and pushed it into the red.
Rick Santorum headed in a different direction after his wins on Tuesday.
Here's NPR's Wade Goodwyn in Dallas.
WADE GOODWYN, BYLINE: North Texas was a good choice for former Pennsylvania Senator Rick Santorum to keep his campaign's momentum going. He met with evangelical pastors in the morning, Tea Partiers in the afternoon and a Republican women's group at night.
(SOUNDBITE OF MEETING)
UNIDENTIFIED WOMAN: It is our pleasure to introduce to you Rick Santorum. Give him a Texas welcome.
We're going to look now at American military strategy for the war in Afghanistan. There's been some confusion lately about whether American forces would end their combat mission sooner than planned and also about how long the U.S. will remain in Afghanistan. So to try to make sense of it all, we're joined by NPR Pentagon correspondent Tom Bowman.
And that settlement is, of course, a priority for President Obama. But so is the debt crisis in Europe. Today, he hosts Italy's new prime minister, the technocrat who succeeded the controversial-but-flamboyant Silvio Berlusconi last fall. Mario Monti has not yet turned around Italy's economy, but as NPR's Sylvia Poggioli reports, he's changed the government's image abroad.
Tai chi, the Chinese martial art involving slow and rhythmic movement, has been shown to benefit older people by maintaining balance and strength. Now, researchers have found that tai chi also helps patients who suffer from Parkinson's disease.
Leona Maricle was diagnosed with Parkinson's two years ago. At the time, she was teaching math, and she says she had experienced the telltale tremors of Parkinson's for a number of years. She learned how to cope.
Stroll along a street in downtown Shanghai for very long, and you're likely to run into someone wearing Converse Chuck Taylor All Stars. One recent afternoon, Xu Jing was heading back from lunch to her job at an ad company in a pair of raspberry-colored Chuck Taylors.
"They have a young image, upbeat and outdoorsy, sporty," said Xu, 27, explaining the appeal. "Young people with an artistic sense prefer Converse."
Xu was accompanied by Chen Xiaolei, a co-worker who owns three pairs of Chuck Taylor high-tops.