Originally published on Mon November 4, 2013 4:28 pm
DAVID GREENE, HOST:
NPR's business news starts with a guilty plea.
(SOUNDBITE OF MUSIC)
GREENE: SAC Capital Advisors is expected to plead guilty to securities fraud today. The hedge fund company has agreed to pay $1.8 billion to settle charges of insider trader. It's said to be the biggest fine ever in a case like this. The settlement will be announced at a news conference later today in New York City. And that's where we've reached NPR's Jim Zarroli. And Jim, explain for us, if you can, what SAC has actually agreed to here.
This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. Coming up, we'll get an update on the humanitarian crisis in Syria. But first, we turn to an issue that affects one out of every seven humans in America, the Supplemental Nutrition Assistance Program - SNAP. Back in 2009, in the depths of the recession, President Obama increased SNAP benefits using stimulus funds, but the temporary increase expired this past Friday.
And now we'll continue with this theme of using hip-hop to teach. When legendary lyricist and DJ MC Lyte first appeared on the national scene 1988, she wasn't thinking about education. This is her hit song, "Lyte as a Rock."
A new billboard in the nation's capital is stirring some controversy. It tells jury members to forget the law and vote their conscience. It reads - "Jury duty? Know your rights. Good jurors nullify bad laws." And it's caught the attention of prosecutors, not surprisingly. The group behind the ads is called the Fully Informed Jury Association. It says jurors should acquit defendants if they disagree with the law, even if all evidence points towards a guilty verdict.
This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. Coming up, activists in Washington, D.C. are asking jury members to vote their conscience not the law. We'll ask why some people think jury nullification is the only way for minorities to get a fair day in court. That's in just a few minutes.
Four men in Nairobi, Kenya, are facing charges that include harboring terrorists who conducted an attack that left at least 67 people dead in September. The formal charges are the first filed over the assault and standoff at Nairobi's Westgate Mall.
One of the men is accused of offering refuge to a gunman after the attack, according to court documents cited in Kenyan media. Authorities say others allowed the attackers to stay at their homes before the attack. At least one of them also faces charges related to false identification documents.
Originally published on Mon November 4, 2013 3:21 pm
Reaching a plea deal with federal prosecutors, the hedge fund firm SAC Capital Advisors has agreed to plead guilty to insider trading, pay a $1.8 billion fine and end its investment advisory business.
"U.S. prosecutors on Monday filed a letter describing the deal to the judges in a pair of cases - one criminal, the other a civil forfeiture action - against SAC Capital stemming from a massive insider trading investigation. The judges would have to approve the deal."
Depending on how many hours you spent in the backseat being tortured by a sibling or how many hours you spent in the driver's seat being forced by your kids to listen to Beat It, this may not be an anniversary you wish to celebrate.
And the honoree has many critics who say it was just darn ugly when it debuted in 1983.
But there are those who seem to be looking back with fondness on the now 30-year-old life of the Chrysler minivan. After all, it's a vehicle that basically created a market that didn't exist, was imitated by others and became a cultural icon.
A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
Did you know November is National Novel Writing Month?
It isn't by order of Congress, but it is on the internet, where you'll see this combination of letters — NaNoWriMo — all over the place, making absolutely no sense and sounding to the uninitiated like a species of caterpillar or a ship on Star Trek. Amusingly enough, even that is too long for participants trying to pound out a book in a month, so they call it, very often, "NaNo."
Originally published on Mon November 4, 2013 8:15 am
Good morning, fellow political junkies.
This week, the political headlines are expected to be dominated by several important off-year elections whose outcomes seem a foregone conclusion, if you believe the polls.
Democrat Terry McAulliffe in Virginia and Republican Chris Christie in New Jersey have significant polling leads in their governor's races. In New York City, Democrat and mayoral candidate Bill de Blasio appears poised to win in a blowout.