This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama is preparing to send budget plan to Capital Hill this week and Treasury Secretary Jack Lew will be key in selling that plan to Congress.
Right now, Secretary Lew is on another mission: to sell European leaders on the idea of easing austerity to boost economic growth. We reached Secretary Lew in Berlin. Mr. Secretary, welcome back to the program.
NPR's business news starts with J.C. Penney's revolving door.
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GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.
In recent months, more than 1,000 starving baby sea lions have been found on Southern California beaches, from Santa Barbara to San Diego. The National Oceanic and Atmospheric Administration has just declared the crisis an "unusual mortality event."
On a recent early morning, Peter Wallerstein is on the job on a beach near Marina del Rey, Calif. His white truck is a familiar sight along this coastline. Next to him, a small blond dog named Pumpkin rides shotgun.
In New York and Washington, government regulators are cracking down on insider trading, the illegal practice in which people with internal information about important company events make stock market trades before ordinary investors find out what's happening.
Originally published on Tue April 9, 2013 11:22 am
April Fool's Day was one week ago — but an elaborate hoax targeting Pastor Joel Osteen gained wide attention Monday, after those behind the hoax used Twitter, YouTube, and other social media to spread spurious claims that the pastor had renounced his faith and would close his huge Texas church.
What becomes of a city of 8,000 people when its main employer leaves town? What does it look like, and what does it feel like? I set out to answer those questions on a trip to Webster City, Iowa, last month, as part of my report on the Swedish appliance maker Electrolux.