Russell Wasendorf had hoped he'd be released on bail today, but the bail hearing has been postponed. So the former head of Peregrine Financial Group remains in jail, and the business empire he built continues to crumble.
Iowa Public Radio's Pat Blank reports Wasendorf's once fairy tale lifestyle came to an abrupt end earlier this month. He was arrested following an unsuccessful suicide attempt.
NPR's business news starts with earnings at Facebook.
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MONTAGNE: For the first time as a public company, Facebook has reported it's earnings. After its botched IPO, investors were hoping for a big, positive surprise to put the shine back on the social network. That didn't happen.
As NPR's Steve Henn reports, Facebook recorded a loss.
The Los Angeles City Council voted Tuesday to shut down all of the medical marijuana dispensaries in the city. That's no easy task. There are more than 800 of them — more than the number of Starbucks coffee shops in Los Angeles. But after years of struggling to regulate pot shops, city officials have decided to prohibit them altogether.
Gene Autry, Bette Davis and Buster Keaton are just a few of the names that draw flocks of tourists to Forest Lawn Memorial Park in the Hollywood Hills.
But there's a lesser-known man among the silver screen legends: Frank Inn, a pioneering animal trainer who made stars out of animals.
Inn's own life closely resembled a Hollywood film. Born into a strict Quaker family from Indiana, Inn set his sights on the movie business early. In the mid-1930s, while still in his teens, Inn hitchhiked west to Los Angeles.
The London Summer Olympics officially begin today with the opening ceremony. Oscar-winning director Danny Boyle of Slumdog Millionaire has put together the latest Olympic kickoff spectacle. As NPR's Philip Reeves reported yesterday, a preview video has been released.