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NPR Story
3:45 am
Wed July 11, 2012

Business News

Originally published on Wed July 11, 2012 5:50 am

The City Council in San Bernardino, Calif., voted Tuesday night to seek Chapter 9 bankruptcy protection, making it the third California city in less than two weeks to make the rare move. The city faces a $45 million budget shortfall.

Science
3:45 am
Wed July 11, 2012

Hot Weather Gets Scientists' Attention

Originally published on Wed July 11, 2012 5:30 am

Transcript

RENEE MONTAGNE, HOST:

Across America people are sweltering through extreme heat this year, continuing a long-term trend of rising temperatures. Inevitably, many are wondering if the scorching heat is due to global warming. Scientists are expected to dig into the data and grapple with that in the months to come. They've already taken a stab at a possible connection with last year's extreme weather events, like the blistering drought in Texas. NPR's Richard Harris reports.

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NPR Story
3:45 am
Wed July 11, 2012

Manchester United Hopes To Score With Its IPO

Originally published on Wed July 11, 2012 4:06 am

Manchester United is the most famous soccer team in the United Kingdom, and one of the world's most popular sports teams. Now its owners are hoping the team's popularity will translate into big bucks. They're planning to sell Manchester United stock on the New York Stock Exchange. Roger Blitz, of the Financial Times, talks to Renee Montagne about the team's IPO.

NPR Story
3:45 am
Wed July 11, 2012

The Last Word In Business

Originally published on Wed July 11, 2012 5:57 am

Transcript

STEVE INSKEEP, HOST:

The ownership of American pro sports got just a little more international. That's our last word in business today.

Pro basketball's Brooklyn Nets, formerly the New Jersey Nets, are owned by a Russian businessman. An Indonesian media owner possesses part of the Philadelphia 76ers. And now, that same Indonesian man is among the new investors in D.C. United, the pro soccer team. His name is Erick Thohir.

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Asia
2:39 am
Wed July 11, 2012

'Hard Questions' Remain In U.S.-Pakistan Relations

Credit Qazi Rauf / AP
Pakistani border guards check trucks heading to Afghanistan, in the tribal area of Khyber last week.

Originally published on Wed July 11, 2012 3:45 am

A U.S. operation in the mountains near Afghanistan last November killed 24 Pakistani soldiers. Pakistan wanted an apology. The U.S. refused. In response, Pakistan shut down supply routes to Afghanistan for NATO convoys.

After intense talks, two border crossings were reopened last week to convoys for the U.S. and NATO forces.

Pakistan's ambassador in Washington, Sherry Rehman, was at the center of the negotiations. Afterward she called it a moment of great opportunity for the two countries.

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