"Rescue efforts have resumed aboard the wrecked Italian cruise ship, Costa Concordia, off the coast of Tuscany," the BBC reports. "Operations were suspended on Wednesday as the vessel shifted its position. More than 20 people are still missing."
The ship, with about 4,200 passengers and crew aboard, ran into rocks on Friday and listed over to its starboard side. Eleven people are confirmed dead.
Originally published on Thu January 19, 2012 3:57 pm
In the run-up to Saturday's GOP presidential primary in South Carolina, candidates have clashed over the role of Bain Capital — a firm that either creates or kills jobs, depending upon whom you believe.
Front-runner Mitt Romney sees the bright side. Before entering politics in the 1990s, he co-founded Boston-based Bain Capital, one of the nation's largest and most profitable private equity funds. He has said he created 100,000 jobs while at Bain.
Originally published on Thu January 19, 2012 7:36 am
"Running short of cash and unable to sell 1,100 digital imaging patents that could have rescued it," as Rochester's Democrat and Chronicle writes, Eastman Kodak Co. today took the long-expected but still painful step of filing for Chapter 11 bankruptcy protection.
Good morning. I'm Renee Montagne, hoping you made it through a day without Wikipedia. The site was shut down yesterday to protest anti-piracy bills in Congress. Good thing Twitter was there to fill the encyclopedic void. Facts without Wikipedia became a trending topic, informing readers that "Star Wars" was based on the work of Shakespeare, Sweden changed the colors of its flag to yellow and blue after the success of IKEA, and bacon is good for you. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Originally published on Thu January 19, 2012 10:37 am
(This post was retopped with the latest news at 9:35 a.m ET.)
The first-in-the-nation Iowa Republican presidential caucuses produced no clear winner, the Iowa Republican Party has confirmed.
While its recanvassing of the nearly 1,774 precincts where ballots were cast on Jan. 3 has put former Pennsylvania Sen. Rick Santorum 34 votes ahead of former Massachusetts Gov. Mitt Romney — a reversal of what we thought were their finishes — the party says it can't definitively say who won because it can't find the results from eight of the precincts.
A candidate forum was held in Greenville, S.C., Wednesday night, sponsored by the anti-abortion rights group Personhood USA. Participating in the event were Newt Gingrich, Rick Santorum, Ron Paul, and Rick Perry. Front-runner Mitt Romney did not attend. South Carolina holds its primary on Saturday.
In a moved that had been expected, Kodak filed for Chapter 11 bankruptcy protection on Thursday. It raises the specter that the 132-year-old trailblazer could become the most storied casualty of a digital age that has whipped up a maelstrom of economic, social and technological change.
Let's look now at another side of the economy: manufacturing. The Federal Reserve yesterday said American manufacturing had a very strong finish last year. To find out if that's likely to last and what it means for the big issue of jobs, we turn, as we so often do, to David Wessel. He's economics editor of The Wall Street Journal.
DAVID WESSEL: Good morning, Renee.
MONTAGNE: So after all the handwringing about the death of U.S. manufacturing, are American factories B-A-C-K?