The Two-Way
7:03 am
Thu May 17, 2012

As Feared, JPMorgan's Losses Are Growing; Reportedly At $3 Billion

Timothy A. Clary / AFP/Getty Images

The word on Monday that JPMorgan Chase's losses from risky trades that went wrong could climb from $2 billion to perhaps as high as $4 billion in coming quarters is being bolstered this morning.

There's this report from The New York Times' Deal Book blog:

"The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank's initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses."

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Business
6:58 am
Thu May 17, 2012

Skechers To Settle FTC Complaint

The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.

Around the Nation
6:58 am
Thu May 17, 2012

Director John Waters Hitches A Ride With Indie Band

The Baltimore legend is known for his pencil-thin mustache, and for movies like Hairspray. He's said in interviews he enjoys hitchhiking. Recently, the band Here We Go Magic tweeted photos of him in their van.

Around the Nation
6:58 am
Thu May 17, 2012

Student Discovers Mastodon Tooth In His Backyard

An Oklahoma teacher asked her fifth graders to each bring in a rock. One student brought in a stone that looked like a tooth. It turns out it was a tooth, according to the Muskogee Daily Phoenix. The tooth may up to 40 million years old.

Author Interviews
6:32 am
Thu May 17, 2012

'Patriot Of Persia' Revisits 1953 CIA Coup In Iran

Morning Edition's Steve Inskeep talks to journalist Christopher de Bellaigue about his book Patriot of Persia: Muhammad Mossadegh and a Tragic Anglo-American Coup.

Middle East
6:31 am
Thu May 17, 2012

Palestinians Tout Non-Violent Resistance

Originally published on Thu May 17, 2012 6:40 am

Palestinian prisoners ended a mass hunger strike aimed at improving their conditions in Israel prisons after striking a deal with Israeli authorities this week. Meanwhile, Israel points to continued attempted Palestinian terror attacks against civilians as proof nothing has changed.

Business
4:29 am
Thu May 17, 2012

The Last Word In Business

Originally published on Thu May 17, 2012 6:23 am

The hot dog is topped with lobster tail, contains safron aioli and is covered in gold dust. Four of the expensive dogs have been sold, and the proceeds donated to charity.

Business
4:29 am
Thu May 17, 2012

Business

Originally published on Thu May 17, 2012 6:06 am

Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year. The rate is at its lowest level in nearly in five years.

Food
4:29 am
Thu May 17, 2012

Economists: Healthy Food Isn't More Expensive

Originally published on Thu May 17, 2012 5:31 am

One of the biggest barriers to eating well can be cost. At least a lot of people have that perception. But new research by some economists at the Agriculture Department indicates fruits and vegetables are not as expensive as some less healthy options.

Television
4:29 am
Thu May 17, 2012

TV Networks Already Focused On Fall Season Shows

Originally published on Thu May 17, 2012 5:12 am

David Greene talks to reporter Kim Masters about some of the new TV shows coming out of this year's upfront presentations. The upfronts are when the networks present their fall lineups to advertisers and media. Masters is covering the upfronts for The Hollywood Reporter.

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