As the U.S. men's gymnastics team struggles to adjust to the London arena, where they will compete, they're thinking more about pink than gold. That's because the competition floor is covered in hot pink. In a room Barbie would love, the men's team says it's not about gender norms but rather an array of colors making it hard to spot the high bars. As one gymnast put it, real men do compete on pink floors.
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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.