The Justice Department said Tuesday it could seek more than $5 billion in damages from Standard & Poor's, the nation's biggest credit ratings company, a day after it sued the company, alleging that S&P defrauded investors by giving triple-A ratings to risky subprime mortgage investments.
Computer maker Dell is going private in a $24 billion deal that highlights the changing fortunes of the PC industry. The buyout is being led by company founder Michael Dell, software giant Microsoft and the private equity firm Silver Lake Partners.
The Justice Department may seek as much as $5 billion from Standard and Poor's. In a lawsuit filed Monday night, prosecutors accuse the firm of misleading investors with fraudulent credit ratings on dozens of different mortgage bonds. It's not yet clear whether federal officials plan to file a similar suit against the other big rating firms, Moody's and Fitch. Regulators would like to see the industry be more competitive and less dependent on the firms whose securities they are rating.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
President Obama met with business and labor leaders today at the White House. He's trying to build a broad coalition in support of revamping immigration laws. The two sides haven't always seen eye to eye on immigration. But this year, on this issue, they're mostly working together on the issue. We'll hear more in a moment about the evolution of organized labor's position.
From a death in the music world, now to something of a rebirth.
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SIEGEL: Muzak, best known for its inoffensive, unobtrusive, ultra-bland music is changing its brand name. The company announced today that it will now be known as Mood, after Muzak's owner, Mood Media. It's chairman and CEO said in a statement that this marked the end of an iconic American brand, or as fast company put it, the musical equivalent of white bread.
How healthy is the traditional publishing industry? Not very, says Mark Coker, founder of the self-published book distributor Smashwords. On Monday, Coker told NPR's Audie Cornish that "over the next few years, traditional publishers are going to become more and more irrelevant."
While a path to citizenship is a central component of proposed changes to the nation's immigration laws, most Mexican immigrants now eligible for U.S. citizenship don't obtain it, according to a new study.
The Pew Hispanic Center report found that only about 36 percent of eligible Mexicans take the steps to become U.S. citizens, compared to 68 percent of all other immigrants.
Although federal data show that fewer Medicare beneficiaries are dying in hospitals that doesn't mean they're getting a lot less medical care in their final days, new research suggests.
Even as deaths in acute-care hospitals declined between 2000 and 2009, the use of intensive care units in the final 30 days of life increased, as did short-term hospice use. The rate of changes to care for these patients, such as transfers within the last three days of life, also increased.
Senator Ron Wyden, Democrat of Oregon, is one of those 11 senators that Carrie mentioned who've demanded the administration turn over secret documents about the operation against Anwar al-Awlaki. Senator Wyden also sent a letter last month to the White House counterterrorism chief, John Brennan, the president's nominee to run the CIA. And in that letter, he asked: How much evidence does the president need to determine that a particular American can be lawfully killed?
Senator Wyden joins us now. Welcome to the program.