Steve Henn talks with Steve Inskeep on 'Morning Edition'
Facebook's much-publicized first sale of stock to the public started with a bang late this morning as the price per share jumped. But though the volume of shares sold was a record for an initial public offering, the stock's price gave up its gains as the day continued.
By the end of trading in the U.S., Facebook had settled right at the $38 initial offering price that had been set before shares went on sale.
Greece keeps cutting its budget to help pay debts and avoid default but then its economy keeps contracting, making the problem worse. The new French President Francois Hollande wants to find a way to stimulate Europe's economy.
All right. As protestors make their preparations outside, inside the NATO summit, there's an expectation that leaders will showcase a unified, long-term commitment to Afghanistan after the 2014 troop drawdown. The United States already signed a strategic security pact with Afghanistan, pledging support for that country until 2024. The Obama administration hopes to convince other countries at the summit to do the same, but as NPR's Jackie Northam reports, it could be a hard sell.
It's MORNING EDITION, from NPR News. Good morning. I'm David Greene.
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And I'm Steve Inskeep.
More than 50 world leaders come to Chicago this weekend for a summit meeting of NATO, the North Atlantic Alliance. They will discuss, among other things, how to end the war in Afghanistan. They will talk in a city where anti-war protestors famously clashed with police outside the 1968 Democratic convention. In 2012, anti-war activists are making preparations. NPR's David Schaper reports.
Now let's talk about the money the campaigns themselves raise. All through the Republican primaries, President Obama's campaign raised far more money than Mitt Romney's campaign. But now the money gap is narrowing, as NPR's Peter Overby reports.
This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep.
Americans now have a little more information on which to base their debate about Trayvon Martin. The teenager's killing in Florida - where he was shot by a man named George Zimmerman - prompted an intense and politically charged national discussion about violence, about gun laws and about race.
Mitt Romney is disavowing a plan by some wealthy Republicans to attack President Obama for ties to his controversial former pastor. Even the people behind that proposal said they are abandoning it after their idea was plastered on the front page of The New York Times.
The proposal centered on the Rev. Jeremiah Wright, who was a mentor to Obama before the two parted ways during the last presidential campaign.
Republicans unaffiliated with Romney were considering spending $10 million on a racially tinged advertising campaign tying Wright to the president.
INSKEEP: Technology giant Hewlett-Packard is poised to eliminate as many as 30,000 jobs worldwide. These cuts, though, will reportedly spare China - the company's largest source of growth, as well as its research and development divisions.
The head of JPMorgan Chase, Jamie Dimon, has gotten an invitation to testify in front of the Senate Banking Committee about his bank's recent trading loss of at least $2 billion.
STEVE INSKEEP, HOST:
Dimon is very much the public face of his firm. In a Wall Street culture where banks are defined as much by the executives who run them is by the assets they hold. So, what kind of culture led to the multibillion dollar losses at JPMorgan Chase?
The Obama administration is announcing a major new initiative to boost investments in rural Africa in hopes of lifting millions out of poverty. Several African leaders are in Washington, D.C., for the announcement, which comes as President Obama hosts leaders of the Group of Eight in Maryland. Food security is a key agenda item.
When Terry Walls of Springfield, Mo., decided to go back to college at age 52, he wanted to put to rest a family rumor. He had heard his mother was denied admission to Missouri State University, and he was pointed toward Meyer Library on the MSU campus for answers.
There, he discovered an eloquent letter typed on fragile, onion-skin paper and signed with his mother's maiden name: Mary Jean Price. It was dated Oct. 2, 1950, and it was addressed to the university registrar:
For many people, Bike to Work Day (which is today) is a reason to put air in their bike's tires and see if their chain is too rusty to get them to work on time. And as a growing list of photographs shows, many people who follow NPR online also ride to work.
A private spaceship owned by a company called SpaceX is scheduled to blast off from Cape Canaveral in Florida early Saturday morning.
If all goes well, the unmanned capsule will rocket up on a mission to deliver food and other supplies to the International Space Station, becoming the first commercial spacecraft to visit the outpost.
The highly anticipated mission could mark the beginning of what some say could be a new era in spaceflight, with private companies operating taxi services that could start taking people to orbit in just a few years.
The prosecution's star witness underwent a withering cross-examination on Thursday at Roger Clemens' perjury trial. Clemens, a seven-time Cy Young Award winner, is charged with lying to Congress when he testified that he never used performance-enhancing drugs. Brian McNamee, his one-time trainer, is the only witness who has firsthand evidence that contradicts the baseball-pitching ace.
Earlier this week, guided by the prosecution, McNamee testified in agonizing and repetitive detail about how he injected Clemens with steroids and human growth hormone between 1998 and 2001.
Documents have been released in the investigation of George Zimmerman's shooting of Trayvon Martin. Zimmerman, a neighborhood watch captain, shot Martin, an unarmed teen. He's claiming self-defense. Robert Siegel talks to Greg Allen.
The law grants physicians access to information about trade-secret chemicals used in natural gas drilling. Doctors say they need to know what's in those formulas in order to treat patients who may have been exposed to the chemicals.
But the new law also says that doctors can't tell anyone else — not even other doctors — what's in those formulas. It's being called the "doctor gag rule."
A huge trove of documents has been released by prosecutors in the Trayvon Martin case. Among the biggest revelations so far is that the autopsy reveals Martin had THC in his system. But police said the shooting was "ultimately avoidable."
Back when the dinosaurs ruled the Earth, some hardy bacteria took up residence at the bottom of the Pacific Ocean. Eighty six million years later, they're still there. And a new study says they're living out the most Spartan lifestyle known on this planet.
Pop singer Donna Summer, whose long career began in the 1960s and reached its apex in the disco era of the '70s, died of cancer on Thursday at her home in Naples, Florida. Summer was 63 years old. According to Billboard magazine, the singer born LaDonna Gaines had 32 singles that charted in the Hot 100. Fourteen of them made it into the top 10. To hear Sami Yenigun's appreciation of Donna Summer's life and career, as heard on All Things Considered, click the audio link.
When you hear Cecil Taylor perform, you never forget it. He's a force of nature at the piano, with a furious attack and a sound all his own.
"His piano is an orchestra," says Ben Ratliff, music critic for The New York Times. "Cecil has been with us for so long. And every once in a while he does these amazing, galvanizing solo piano performances. And you go see them, and you think, like, 'Wow. What was that? That was amazing.' And I can't get that anywhere else in the world. And that's unique."
When Facebook makes its initial public offering Friday on the NASDAQ, the stock will be priced at $38 per share, a price that's expected to bring in between $16 billion and $18.4 billion to the company. CNBC reports:
"[The price makes] it one of the most lucrative offerings the Street has ever seen. With that valuation taken into consideration, Facebook goes public with the highest valuation — in the $100 billion range — of any company on record at the time of its IPO."
Several news outlets are reporting that computer giant Hewlett-Packard will announce the elimination of 25,000 to 30,000 jobs. All Things D reports that the announcement will come from CEO Meg Whitman when the company announces its quarterly earnings next Wednesday.