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The Two-Way
6:49 am
Mon May 14, 2012

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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Around the Nation
6:29 am
Mon May 14, 2012

Columbia University Janitor Graduates With Honors

Originally published on Mon May 14, 2012 8:48 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.

The Two-Way
5:49 am
Mon May 14, 2012

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

Mark Lennihan AP

Originally published on Mon May 14, 2012 8:17 am

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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Business
3:51 am
Mon May 14, 2012

Business News

Originally published on Mon May 14, 2012 6:34 am

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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Science
3:51 am
Mon May 14, 2012

NPR Series To Examine Fracking

Originally published on Mon May 14, 2012 5:49 am

All this week, NPR is taking a deeper look at the natural gas boom in the United States. The series is called "The Fracking Boom: Missing Answers."

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