In Spain, hundreds of thousands demonstrated in scores of cities yesterday, protesting austerity measures meant to pull the government out of the red. Sales tax is going up, and civil servants are taking pay cuts. All this as Europe readies a bailout of Spain of up to $125 billion.
Lauren Frayer reports from Madrid.
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LAUREN FRAYER, BYLINE: About 100,000 Spaniards flooded Madrid's center once the sun went down on another 100-degree day.
A gunman opened fire early Friday at a movie theater in a Denver suburb, killing at least 12 people and leaving dozens more injured, Aurora Police Chief Dan Oates said. Steve Inskeep talks to Chayyiel Jackson about the shooting.
NPR's business news starts with a recall from Ford.
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MONTAGNE: A recall from Ford Motor Company comes with a strong and unusual message. If you own a certain 2013 model of the Ford Escape, the company says stop driving it. Ford issued this warning yesterday and said dealers will come pick up the SUVs from owners and drop off a loaner car.
Now, today is an important day for more than 40,000 salaried retirees of General Motors. They're facing a major financial decision. This evening marks the deadline for accepting a pension buyout.
Michigan Radio's Tracy Samilton explains.
TRACY SAMILTON, BYLINE: The GM retirees have two choices: either take a lump-sum payment - which can range from 400,000 to $800,000 - or their pensions will be shifted from GM's books to the private insurance company Prudential.
And today's last word in business is: Sylvia - Sylvia Woods, the name behind soul food haven Sylvia's.
RENEE MONTAGNE, HOST:
It's a restaurant, and for many, it's much more. The Harlem institution has been around for half a century, but it will never be the same because yesterday, Sylvia Woods died at the age of 86, on the same day New York Mayor Michael Bloomberg was due to celebrate her legacy.