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.
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.
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.
Morning Edition has been asking people what music makes them move, in order to create The Ultimate NPR Workout Mix. The mix already includes a good selection of Kanye West, 2Pac and Madonna — which is just fine for some people.
Donald Trump won't be living in the White House, but his brand will be a few blocks away. The Obama administration has chosen Trump to redevelop the Old Post Office. His company plans to build a luxury hotel in that stone Victorian landmark in Washington, D.C.
Newt Gingrich has made it clear his GOP presidential aspirations also depend on running a national media race on cable TV and in major newspapers. A study from the Pew Research Center shows the promise that "new media" will dominate the nominating process isn't coming true. The research shows more Americans rely primarily on cable news, and very few on Twitter.
As Western nations increasingly push to end the violence in Syria, tension has reached the capital Damascus. Last June, a woman there who blogs under the pseudonym "Jasmine Roman," described Damascus as a city removed from the demonstrations that were taking place elsewhere in the country. Renee Montagne talks with her again, to see how things have changed 11 months after the anti-government uprising began in Syria.