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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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Afghanistan
5:44 am
Mon May 14, 2012

Ambassador Crocker Focuses On Afghanistan's Future

Originally published on Mon May 14, 2012 6:56 am

Transcript

STEVE INSKEEP, HOST:

Afghanistan's president, Hamid Karzai, travels soon to Chicago. He'll attend a summit of NATO, the North Atlantic Alliance, on whose troops Karzai's government depends. At that summit, NATO countries will be asked to pledge billions of dollars to support Afghanistan's security forces after NATO combat troops withdraw in the year 2014. The U.S. ambassador to Afghanistan will also attend that summit. And as he prepared to leave Kabul, he sat down with our own Renee Montagne.

RENEE MONTAGNE, HOST:

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Education
5:44 am
Mon May 14, 2012

Budget Woes Could Close Philly's Problem Schools

Philadelphia's school district plans to close a quarter of its school buildings in coming years to eliminate a huge budget hole. But parents and activists don't trust the decision-makers. Many of them suspect the plan is a ruse to force charter schools and privatization on the district.

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