Italy's new prime minister has pledged far-reaching reforms. An economist himself, Mario Monti has managed to win a vote of confidence for his new national unity government by an overwhelming majority in Italy's senate. Still, Europe's debt crisis is gathering more steam and now pushing borrowing costs for Spain and France sharply higher. As NPR's Sylvia Poggioli reports, pressure is mounting on the European Central Bank to act to stem the crisis.
Let's consider now, those vehicles that offer something really cheap - the food trucks that have become so popular. At the L.A. Auto Show, Nissan has on display a new truck specially designed for mobile restaurateurs. Our last word in business today is: culinary concept car.
Football has long been beloved at Penn State, and the program is one of the most lucrative in the country. But as the biggest scandal in the school's history continues to roil the campus, some in State College, Pa., are beginning to question football's influence.
At his news conference this week, interim Penn State football coach Tom Bradley tried to focus on Saturday's game in Columbus.
The outcome in Italy is, of course, of huge importance to Germany. Germany is the strongest economy in the eurozone and has a deep historical interest in the euro's success. We asked the economist Nicolas Veron to remind us of Germany's role in this grand monetary experiment.
The child sex abuse scandal at Penn State is raising more and more questions about who knew what, when and what actions were, or were not taken. Elements of the unfolding scandal remain quite confusing. Former assistant football coach Jerry Sandusky is charged with abusing young boys.
The Los Angeles Auto Show begins today. It's the first of America's car shows and it's where manufacturers put their best foot forward or try to reinvent themselves. One those carmakers is Honda. Honda's production was badly hurt by Japan's earthquake and tsunami, and as it was getting back on track, the floods in Thailand crippled production again. But as NPR's Sonari Glinton reports from the L.A. Auto Show, natural disasters may be the least of Honda's problems.
NPR's business news starts with oil prices hovering around $99 a barrel. Oil has gone up sharply since last month, partly because of signs of improvement in the U.S. economy. Also because of tensions in some oil producing regions, which could affect supplies. Still, the debt crisis in Europe is holding prices below that psychologically important $100 a barrel mark. Benchmark crude was trading in Asia this morning at about $98.90. Transcript provided by NPR, Copyright NPR.
Energy Secretary Steven Chu appeared before a House oversight subcommittee Thursday to defend his agency's decision to lend $500 million in federal money to Solyndra, a company that made solar panels and is now bankrupt. The company is the subject of numerous federal investigations.
The Occupy Wall Street movement saw mostly peaceful demonstrations across the country yesterday. In cities including Las Vegas, Washington, D.C., and Portland, occupiers were marking the second month of their movement. Dozens were arrested at a rally in Los Angeles and even more in New York City, where protesters tried to shut down Wall Street. NPR's Margot Adler reports.