Nothing about what happens during today's Republican presidential primaries in five states is expected to change the fact that Mitt Romney is the presumptive/expected/presumed/inevitable (pick your favorite word) nominee.
Polls are open in Connecticut, Delaware, New York, Pennsylvania and Rhode Island. There are 209 convention delegates at stake and Romney could pull off a five-state sweep.
And let's turn now to the first political leader to be put on trial for his role in the global banking crisis. Yesterday, a special court in Iceland found that country's former prime minister guilty of essentially mishandling the banking bubble that led to Iceland's financial collapse.
Michael Stothard has been covering this trial for The Financial Times. He joined us to talk more about it. Good morning.
Originally published on Tue April 24, 2012 7:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.
Originally published on Tue April 24, 2012 7:34 am
Victoria Beckham has teamed up with Range Rover to produce a special edition Evoque luxury SUV. The former Spice Girl, married to soccer star David Beckham, has designed fashion lines before, but says this is her first foray into automobiles.
General Motors is making a bigger effort in what's become the world's biggest car market. At the Beijing Auto Show this week, GM said it plans to open 600 new dealerships in China this year. GM is trying to grow Chinese sales while they still can.
Let's follow up now on the situation in Bahrain. The country managed to stage its annual Grand Prix last weekend, which was, as we've reported, taken as a success for a government under intense pressure from protests. But at least one person was found dead after security forces clashed with demonstrators. This morning we've reached John Timoney. He's one of the best-known cops in America, former chief of Philadelphia and Miami, and now advising Bahrain's ministry of interior.
President Obama sets off on a two-day tour of college campuses Tuesday to tout a plan to keep student loans more affordable.
The trip is billed as official business, but it has a political flavor. Stops include: North Carolina, where Democrats hold their national convention this summer; Colorado, where Obama accepted his party's nomination four years ago; and Iowa, where his White House campaign was launched in 2008.
All three states are expected to be hard-fought battlegrounds in November.
There's some soul-searching going on in the military these days.
The latest scandal to hit U.S. troops fighting in Afghanistan surfaced last week when The Los Angeles Times published photographs showing smiling American soldiers holding up body parts of a Taliban suicide bomber.
U.S. Defense Secretary Leon Panetta addressed the latest incident during a trip to Brussels.
"That behavior that was depicted in those photos absolutely violates both our regulations and, more importantly, our core values," he said last week after a NATO meeting.