NPR's business news begins with some excitement in the bond market.
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INSKEEP: You want to buy something, you may have to borrow. Verizon is creating shock waves with a planned sale of debt. This telecommunications giant is expected to try to raise $20 billion or more tomorrow in what would be the largest sale of its kind. Those bonds would help fund the company's buyout of Vodafone, which owns nearly half Verizon's wireless division. Transcript provided by NPR, Copyright NPR.
And we reported yesterday that Neiman Marcus was in the final stages of closing a big deal. Now the deal is done. The upscale retailer has just made its biggest sale ever - itself. The price: $6 billion. The buyers - the Canada Pension Plan Investment Board and a U.S. private equity group.
And for today's last word in business, let's take a moment to remember one of the nation's most colorful car salesmen. Cal Worthington built an empire from West Coast car dealerships, and became a TV fixture thanks to his ads, which began running in the 1970s.
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UNIDENTIFIED WOMAN: Here's Cal Worthington and his dog, Spot.
UNIDENTIFIED GROUP: (Singing) If you need a better car, go to Cal. For the better deal by car, go to Cal...
The shooting last year at an elementary school in Newtown, Connecticut just before Christmas and leaving little children dead looked for a moment like it would change gun laws. It didn't, expect in a couple of places. New York was one. That state quickly passed one of the toughest gun control laws in the nation, but it was hugely controversial, especially in rural parts of the state.
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And I'm Renee Montagne. Congress did not expect to spend September debating Syria. Many Republicans, instead, were planning battles over the budget and over the healthcare law that's about to take affect. Tea Party activists are going ahead with meetings on their issues. One event comes in Washington D.C. today. NPR's Don Gonyea has been talking with activists.
Russia seized on an idea voiced by Secretary of State John Kerry and urged Syria to put its chemical weapons under international control. Russia's state-run news agency said Syria welcomed the proposal.
On Tuesday night, President Obama will address the nation — asking for support of his plan to punish the Syrian regime for a chemical weapons attack near Damascus last month. The president must deal with widespread skepticism about his plan.
A judge in New Delhi has just delivered his guilty verdict for four men who raped and murdered a young woman on a city bus back in December. It was one of the most high profile cases in Indian history. The horrific crime stirred a national debate over the country's lax prosecution of crimes against women and became an international issue as well. We talk to NPR's Julie McCarthy who was at the courthouse. Good morning.