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.
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.
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?
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.