The World Bank is expected to announce its new president in the next several days. For the past six decades, the bank has been led by an American. President Obama has already nominated Dartmouth College President Jim Yong Kim for the job. But for the first time in its more than 60-year history, there is serious international competition for the job.
If E.J. Delacruz, 18, were elected, he would be the youngest person ever to hold political office in Hawaii. Not that it will be easy. A state representative is running for the same job, which also has an incumbent seeking re-election.
Facebook likes Instagram. That's the top of our business news.
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INSKEEP: And they did more than just click the little thumbs up. Facebook is buying the photo application Instagram and the price is higher than it has ever paid for an acquisition - $1 billion; this for a company with only around a dozen employees. As somebody joked yesterday, why didn't they just download it?
As NPR's Laura Sydell reports, some analysts say the purchase is a defensive move.
Moving on to another billion dollar tech deal, Microsoft has agreed to pay AOL over $1 billion for hundreds of patents. Microsoft outbid several rivals, including Amazon and eBay, in a deal which saw AOL's stock price jump by over 40 percent. The over 800 patents include internet search, email and customized advertising and are seen as a push by Microsoft into the lucrative smartphone and tablet market.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
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And I'm Renee Montagne.
We're going to spend this part of the program in Tulsa, Oklahoma, where a deadly shooting spree in a black neighborhood has revived memories of a long-ago race riot.
INSKEEP: First, we have an update on the news here. Police in Tulsa confirm that the two men accused of shooting five black people, and killing three, confessed shortly after they were arrested on Sunday.
And one of baseball's better-known characters, with a knack for testing the boundaries of free speech, has created a controversy in the very first week of the season. Ozzie Guillen, new manager of the Miami Marlins, is holding a press conference today in Miami to apologize. It's all about some comments he made about Cuba's Fidel Castro. Joining us now is NPR sports correspondent Tom Goldman. Good morning.