Election 2012
7:54 am
Thu January 19, 2012

GOP Presidential Race: Perry's Status, Iowa Results

There are reports Thursday that Texas Gov. Rick Perry will leave the GOP presidential race, and Iowa officials announced final results of the state's Republican presidential nominating caucuses held earlier this month.

The Two-Way
7:17 am
Thu January 19, 2012

Reports: Rick Perry To Drop Out Of GOP Presidential Race

Texas Gov. Rick Perry is going to drop out of the Republican race for the White House, sources are telling The New York Times and CNN.

NPR has not independently confirmed the news.

We'll pass along more as the story develops. Perry is expected to hold a news conference at 11 a.m. ET.

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It's All Politics
6:54 am
Thu January 19, 2012

Iowa 'Split Decision' Ominous Sign For Romney As Gingrich Gains Ground

Credit KEVIN DIETSCH / UPI /Landov
Mitt Romney greets supporters at a rally at Winthrop University in Rock Hill, S.C. on Wednesday.

With the South Carolina primary just two days away, Mitt Romney woke up to some troubling news. The Iowa Republican Party seemed poised to revisit his Jan. 3 victory in the caucuses.

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The Two-Way
6:40 am
Thu January 19, 2012

Jobless Claims Drop, Inflation At 3 Percent, Housing Starts Cool

A trio of economic indicators were just released:

-- First-time claims for jobless benefits plunged by 50,000 last week from the week before, to 352,000, the Employment and Training Administration says. You have to go back to Spring 2008 to find a lower number. Reuters says the news signals "continued improvement in the labor market."

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The Two-Way
5:55 am
Thu January 19, 2012

Search Resumes At Stricken Italian Cruise Ship

Credit Vincenzo Pinto / AFP/Getty Images
Searchers climbing on to the Costa Concordia earlier today (Jan. 19, 2012).

"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.

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Business
5:28 am
Thu January 19, 2012

So, Um, What Is A Private Equity Firm?

Credit David L. Ryan / Boston Globe via Getty Images
Before entering politics in the 1990s, Romney co-founded Bain Capital, one of the nation's largest and most profitable private equity funds.

Originally published on Thu January 19, 2012 1:57 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.

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The Two-Way
5:25 am
Thu January 19, 2012

Kodak Calls Bankruptcy Filing 'Necessary Step'

Credit Guy Solimano / Getty Images
Eastman Kodak Co.'s corporate headquarters in Rochester, N.Y.

"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.

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Around the Nation
5:06 am
Thu January 19, 2012

Twitter Fills The Gap When Wikipedia Went Black

Wikipedia was shut down on Wednesday to protest anti-piracy bills in Congress. But Twitter was there to fill the encyclopedic void. "Facts Without Wikipedia" became a trending topic. One tweet informed readers that Star Wars was based on the work of William Shakespeare.

Around the Nation
4:59 am
Thu January 19, 2012

Pregnant Woman Delivers Baby In Stuck Elevator

Katie Thacker of Tacoma, Washington, was in labor when she stepped into an elevator at St. Joseph Medical Center. On the way to the maternity ward, the elevator got stuck. She left the elevator with a baby named Blake.

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