J.P. Morgan Chase reported $2 billion in losses over the last six weeks, and said there may be more to come. In a news conference shortly after the market closed Thursday, CEO Jamie Dimon said the losses stemmed from a credit default swap that was "poorly executed and poorly monitored."
The Department of Justice has announced it is suing Maricopa County Sheriff Joe Arpaio because of civil rights violations. He became a controversial figure for his tough stance on immigrants. Arpaio says he will not surrender his office and will fight the suit.
The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.
U.S. homeownership rates have fallen to their lowest point since 1997, despite the homebuyer tax credit and enduring rock-bottom interest rates. Two years ago on Morning Edition, we profiled two couples who were renting with no regrets. Have they changed their tune?
According to a survey by the National Retail Federation, mothers will be treated to a little more this holiday. All told, American consumers are expected to spend about $18.6 billion on the moms, stepmoms or grandmas in their lives.
The drop on Japan's Nikkei stock exchange follows Thursday's report that the company suffered a net loss of $5.7 billion for the last fiscal year. The once dominant tech company has fallen behind other industry giants like Samsung and Apple, and seen especially heavy losses in its TV division.
Mitt Romney's presidential campaign is in damage control mode after an article in The Washington Post accused the candidate of bullying in high school. Romney says he does not remember the incidents. Several of his classmates independently recall him going after students who seemed different, vulnerable or effeminate.
Sportswriter Frank Deford talks with Sugar Ray Leonard in 1981. "I was so lucky," Deford says. "The chance that you got in those days to get close to athletes is so much more than the writers get today."
NPR listeners normally hear from sports commentator Frank Deford for three minutes at a time Wednesday mornings, as he opines on the latest follies of the sporting world. But Deford fans have been getting to hear the veteran sportswriter at greater length lately. He's on a book tour for his new memoir, Over Time: My Life as a Sportswriter. When Deford stopped in Washington, D.C., NPR's Steve Inskeep had the chance to interview him in front of a lively crowd.