Morning Edition

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LINDA WERTHEIMER, HOST:

NPR's business news starts with a U.K. interest rate probe.

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WERTHEIMER: The former chief executive of Barclays is testifying before a parliamentary committee in Britain. Bob Diamond, who resigned yesterday, is being asked about the rate-setting scandal at the bank. He told lawmakers in the hearing today that it was an unfortunate series of events. Yesterday, Barclays released documents suggesting a Bank of England official may have pressured Barclays to lower its rates. NPR's Jim Zarroli reports.

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LINDA WERTHEIMER, HOST:

A bit of good news for Colorado. Yesterday, firefighters battling wildfires there got a boost from some much-needed rain.

RENEE MONTAGNE, HOST:

The fires and drought conditions in the state prompted a firework ban for this 4th of July holiday. But an exception was made last night in Denver, where a giant crowd gathered to watch fireworks and applaud the efforts of those fighting to contain the fires.

Scientists in Switzerland unveiled the results in their search for a subatomic particle that is believed to be key to the formation of stars, planets and eventually life after the Big Bang. Many questions remain about the exact nature of this particle.

Maybe you won't pay several hundred dollars for a pair of sneakers, but there are a lot of people who will — providing they are the right sneakers. The demand for certain models has spawned a robust market for re-sellers — people who buy up the available supply and re-sell them for a profit.

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LINDA WERTHEIMER, HOST:

The Olympic Games are now just over three weeks away. NPR's Philip Reeves is tracking preparations. He brings us his latest letter from London.

PHILIP REEVES, BYLINE: So it's true then. Surface-to-air missiles really will be stationed on London's rooftops during the Olympic Games.

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LINDA WERTHEIMER, HOST:

Pakistan and the United States have reached agreement to reopen the strategic land supply routes from Pakistan into Afghanistan. Pakistan closed those routes last November after a U.S. attack left 24 Pakistani soldiers dead. Pakistan had wanted a formal apology from the U.S. but the administration refused because it believed American troops had come under fire first from the Pakistani side. But yesterday, Secretary of State Clinton made comments that finally broke the logjam.

NPR's Mike Shuster has more from Islamabad.

It is not facetious to say that dying may not have been the worst thing to happen to Joe Paterno this past year.