It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. To understand the European debt crisis, it helps to keep track of both the short-term and the long-term. In the short-term, Europeans have agreed on a bailout deal that among other things would cut the debts of Greece. It's being held up by the Greek prime minister's plan to hold a referendum on austerity measures. Europeans have told Greece it's got to decide soon if it wants to be part of the eurozone or not.
Italian Prime Minister Silvio Berlusconi made a number of promises to fellow leaders of the eurozone countries at a summit meeting in October. Now Italy's economy is starting to become a growing concern for European Union leaders and financial markets.
First Solar, viewed as the golden child of the solar industry, hold its quarterly call today with nervous investors. They're on edge because the Arizona-based company announced a CEO shake-up late last month and have said almost nothing publically since then. From member station KJZZ in Phoenix, Peter O'Dowd reports.
America's original discount store has filed for federal bankruptcy protection and plans to close its 46 stores. This isn't the first time the company has filed for bankruptcy, but it appears to be its last. The company cited increased competition from department stores, private-label discounters and the economic downturn.
In the coming months, the Obama administration will decide whether to approve the Keystone pipeline, which would carry tar sands oil from Canada through the U.S. down to the Gulf of Mexico.
Environmental advocates will try to encircle the White House on Sunday in a show of solidarity against the project. Steady protests have made this one of the most high-profile environmental decisions of the Obama presidency.
White House spokesman Jay Carney often tries to distance the president from the decision-making process over the pipeline.