7:52am

Mon May 14, 2012
Around the Nation

Pipe Shop Owner Fights For Free Expression

When Adam Spiegel rolls down the metal security doors at his Medford, Ore., store, a painting becomes visible. Officials told him to clean the graffiti or be fined. He tells the Mail-Tribune it's not graffiti: it's a mural. Some onlookers think the painting resembles a giant bong.

7:49am

Mon May 14, 2012
The Two-Way

Yahoo CEO's Ousting Is Victory For Hedge Fund Pushing Change At Company

Nicholas Kamm AFP/Getty Images

Sunday's news that Yahoo CEO Scott Thompson was stepping down in the wake of questions about his credibility is being followed this morning with accounts about how this is a victory for an activist hedge fund that's been pushing for changes at the Internet search giant.

As the Mercury News reports:

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7:34am

Mon May 14, 2012
Business

Yahoo CEO Out After Revelations Of Flawed Resume

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Mother's Day shakeup.

(SOUNDBITE OF MUSIC)

INSKEEP: Yahoo says its CEO, Scott Thompson, is out, after a shareholder revealed an in accuracy on his resume. Mr. Thompson had claimed that he held two college degrees. In fact, he only had one. Thompson's resignation is a victory for an activist hedge fund that has been pressing for a shakeup in how Yahoo is run.

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7:29am

Mon May 14, 2012
Around the Nation

Columbia University Janitor Graduates With Honors

Originally published on Mon May 14, 2012 9:48 am

When Gac Filipaj fled war-torn Yugoslavia in 1992, he became a refugee in New York. He took a janitor's job at Columbia University because it included free tuition. But he first had to learn English. After a dozen years, he received a bachelor's degree in classics over the weekend.

6:49am

Mon May 14, 2012
The Two-Way

Reports: JPMorgan's Losses Could Top $4 Billion; Three Execs To Resign

Originally published on Mon May 14, 2012 9:17 am

Mark Lennihan AP

Three high-ranking executives, including one of the most powerful women on Wall Street, are expected to resign from JPMorgan Chase this week because of their roles in the $2.3 billion loss the bank recently suffered when some risky trades blew up in its face.

The Wall Street Journal, which broke that news, also reports that JPMorgan's losses from the "giant trading blunder" keep growing. It cites "people familiar with the situation," as its sources.

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4:51am

Mon May 14, 2012
Economy

Unmanned Aircraft Tests Could Revive Ohio City's Economy

Originally published on Mon May 14, 2012 6:44 am

Transcript

STEVE INSKEEP, HOST:

The economy of Wilmington, Ohio was devastated three years ago when the shipping company DHL left town, taking thousands of jobs with it. City leaders now want to embrace a rapidly growing industry - unmanned aerial vehicles, also known as UAVs. In popular culture, they're somewhat inaccurately called drones. The Federal Aviation Administration recently gave the Air Force permission to test UAVs at the now largely vacant Wilmington Air Park. Here's Ann Thompson of member station WVXU.

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4:51am

Mon May 14, 2012
Education

Budget Woes Could Close Philly's Problem Schools

Originally published on Mon May 14, 2012 6:44 am

Philadelphia's school district plans to close a quarter of its school buildings in coming years to eliminate a huge budget hole. But parents and activists don't trust the decision-makers. Many of them suspect the plan is a ruse to force charter schools and privatization on the district.

4:51am

Mon May 14, 2012
Afghanistan

Ambassador Crocker Focuses On Afghanistan's Future

Originally published on Mon May 14, 2012 7:56 am

Transcript

STEVE INSKEEP, HOST:

Afghanistan's president, Hamid Karzai, travels soon to Chicago. He'll attend a summit of NATO, the North Atlantic Alliance, on whose troops Karzai's government depends. At that summit, NATO countries will be asked to pledge billions of dollars to support Afghanistan's security forces after NATO combat troops withdraw in the year 2014. The U.S. ambassador to Afghanistan will also attend that summit. And as he prepared to leave Kabul, he sat down with our own Renee Montagne.

RENEE MONTAGNE, HOST:

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4:51am

Mon May 14, 2012
Business

The Last Word In Business

Originally published on Mon May 14, 2012 7:46 am

Transcript

STEVE INSKEEP, HOST:

You know, one of the benefits of starting your own company is that you can pretty much wear whatever you want - up to a point. Our last word in business today is: dress for success.

Just as Steve Jobs was known for his mock-turtleneck, Mark Zuckerberg has become known for his hoodie. Business blogs breathlessly chronicle Zuckerberg's dress decisions and note the fact that he sports the collegiate just-rolled-out-of-bed look, even at important business meetings.

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4:51am

Mon May 14, 2012
Business

Facebook's IPO Could Make Its CEO Worth $18B

Originally published on Mon May 14, 2012 7:37 am

Facebook is expected to start selling stock to the public this week. The social networking giant is expected to begin trading on the Nasdaq Stock Market on Friday. CEO Mark Zuckerberg will remain the company's biggest shareholder. Steven Levy, of Wired magazine, talks to Morning Edition's David Greene about what that means for the company and potential shareholders.

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