Fifteen major banks were downgraded Thursday in a reflection of the slowing global economy and volatility in financial markets. In a sweeping move, Moody's cut the credit ratings of some of the world's largest financial institutions, including Bank of America, Goldman Sachs and Citigroup.
With a movie title like Abraham Lincoln Vampire Hunter, it's no mystery what the plot is. Young Mr. Lincoln is tutored by an experienced vampire killer and goes into training with his trusty ax. He bears a special grudge against vampires because they killed his mother.
NPR's business news starts with a budget deal in California.
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INSKEEP: This deal comes just days before the start of the new fiscal year. It cuts social programs and it would knock three weeks off of Californian's school year unless voters approve a proposal for new taxes.
Capital Public Radio's Ben Adler reports from Sacramento.
BEN ADLER, BYLINE: The Democrats running this year's California budget process say they have one overarching goal: to bring years of festering shortfalls to an end.
Product safety regulators announced the recall Thursday after hundreds of people reported explosions in their toilet tanks. The faulty flushing system is made by the brand Flushmate — specifically the Flushmate Three Pressure-Assist Flushing System. It's used by several toilet manufacturers including American Standard and Crane.
And with no primary opponent to worry about, President Obama's campaign had nearly a full year's head start for fundraising over Republican challenger Mitt Romney. But as NPR's S.V. Date reports, the president's advantage is rapidly disappearing.
Jerry Sandusky's trial on child sexual abuse charges is in the jury's hands. As they consider the 48 counts filed against the former Penn State assistant football coach, new allegations have emerged. Sandusky's adopted son now says he's also a victim.
Jackson Cahn, who graduated from Whitman College in Walla Walla, Wash., is one of the 3 million young adults the Obama administration says would have risked going without insurance if the health care law hadn't allowed them to stay on their parents' policies. Because of the law, his mother, June Blender, was able to add him to her insurance.
Jovanna Hernandez carries a sign in support of young illegal immigrants during a protest march, which concluded in front of the U.S. Immigration and Customs Enforcement office in Philadelphia in March.
Credit Erik S. Lesser / EPA/Landov
Demonstrators rally in February in opposition to a bill that proposed banning undocumented students from attending public higher education institutions in Georgia.
The Tesla electric car company has high hopes for its new Model S, which it calls "the world's first premium electric sedan." The new car, which is being delivered to customers Friday, is priced at around half the cost of the only other Tesla model, the svelte, two-door Roadster.
The new car's sticker price starts around $57,000; a $7,500 federal tax credit drops the starting price just below $50,000. But like its gas-powered cousins, this electric vehicle has so many options available that its price can soar to near $100,000.
Our piece about a Supreme Court's decision to dismiss fines against ABC and Fox, led to comments from households that have greatly reduced their television intake. Of course, most acknowledged the obvious — they're still on the internet (hardly a space known for its sterling regulation of decency), and did we detect a little of one-up-manship?
Cash flowed into the superPACs supporting President Obama and Republican rival Mitt Romney last month. Priorities USA Action, the pro-Obama superPAC, got $4 million, while the pro-Romney equivalent, Restore Our Future, pulled in $5 million.
The first minarets in Murfreesboro, Tenn., are about to be placed atop a new mosque. But when construction is complete on the new Islamic Center of Murfreesboro, located about 30 miles southeast of Nashville, no one will get to move in.
An ongoing court battle has stalled the project, one of several Islamic centers around the country that, like the so-called ground zero mosque, have encountered resistance from local communities.
For little girls, princesses hold roughly the same value that tulips did for the Dutch back in the 1500s, and that princess mania is sure to get a boost with the new Pixar movie Brave,which stars a Scottish princess named Merida.
For a keyhole glimpse into the pink and glittery world of pre-K princess culture, consider the scene at a recent princess-themed birthday party in a suburb of Washington, D.C.
A Yemeni army tank fires at positions of al-Qaida militants near the coastal town of Shaqra, Yemen, last week, in a photo provided by Yemen's Defense Ministry. Yemen's army says it has pushed al-Qaida fighters out of towns in the south.
Credit Mohammed Huwais / AFP/Getty Images
An armed Yemeni tribesman loyal to the army stands near a destroyed government building in the provincial capital of Zinjibar last week. The Yemeni military drove al-Qaida militants out of the city two days earlier.
Yemen's offensive against al-Qaida has focused on territory in the south of the country that the militants have held for nearly a year. With the backing of the U.S., Yemen's army has cleared al-Qaida and its allies. But many local residents believe the fight is far from over. Kelly McEvers spent several days in southern Yemen and filed this report.
We're in a Yemeni army land cruiser with a shattered windshield. Our destination is the town of Shaqra, the last town in the al-Qaida badlands before the sandy ground turns into mountains.
It almost certainly won't solve the European sovereign debt crisis. But the way it's being framed, tomorrow's European Championship quarterfinal is starting to sound like its next chapter: Greece vs. Germany; austerity vs. stimulus; intact eurozone vs. one without Greece.
The Wall Street Journal reports that some have dubbed the game a "debt derby" that pits "the euro zone's most cash-strapped nation against its Teutonic task- and paymaster." The Journal adds:
To hear Florida Sen. Marco Rubio tell it, it's happenstance that his newly published memoir, An American Son, became available just as the speculation about Republican vice presidential possibilities is heating up.
Rubio, a rising Cuban-American star in his party, told NPR's Robert Siegel, co-host of All Things Considered, in a Thursday interview:
Republican presidential candidate Mitt Romney softened his tough primary-campaign tone on immigration, if not his positions, during a speech Thursday to national Hispanic leaders.
In comments to thousands gathered at the National Association of Latino Elected and Appointed Officials in Orlando, Fla., the former Massachusetts governor criticized President Obama's failure to take action on comprehensive immigration reform.
Iran's intelligence minister says his country has uncovered a "massive cyber attack" he says was launched by the United States, England and Israel to coincide with nuclear negotiations that happened in Moscow.
Press TV, Iran's official, English-language news outlet, reports that Heidar Moslehi said Iran had "taken necessary measures" to protect itself against the attack.
Vietnam has contained the fatal bird flu cases that raged in the late 2000s, but it is still struggling with new cases of the virulent disease. Here, a poultry trader loads live chickens onto his motorbike on March 16 at a market outside Hanoi.
California is known as the land of fruits and nuts, but it also happens to be the country's largest milk-producing state. So it's no surprise that its dairy farmers are front and center in the debate over reforming the milk marketing system, which hasn't really changed much in 30 years.