JPMorgan Chase is licking its wounds after announcing that it lost at least $2 billion in a hedging strategy that went terribly wrong. The announcement late Thursday sent the bank's shares tumbling more than 9 percent on Friday.
Meanwhile, regulators on both sides of the Atlantic have begun looking into what happened. And there were calls Friday for tighter restrictions on the kind of trades the bank engaged in.
Carroll Shelby was a race car driver; he was a racing team owner, a chili entrepreneur. He survived a liver transplant and a heart transplant. But perhaps the thing that most people will remember him for is his automotive creations, especially the Shelby Cobra.
French President-elect Francois Hollande waves to supporters with his companion, Valerie Trierweiler, as he celebrates his election victory in Bastille Square in Paris, May 6. Hollande and Trierweiler will be the first unmarried couple to move into the French presidential palace.
The French are known for being more tolerant than Americans about their politicians' private lives. One former French president even fathered a child with a mistress while in office.
But every French leader in history has been married — until now.
Next week, after Socialist Francois Hollande is sworn into office, he and his longtime companion, journalist Valerie Trierweiler, will become the first unmarried couple to move into the Elysee presidential palace.
Greece's radical leftist party Syriza chief Alexis Tsipras (L) shakes hands with Socialists leader Evangelos Venizelos before their meeting at the Greek parliament in Athens on Friday. Venizelos admitted that he had failed in a last-ditch bid to form a government after Syriza key leftist party ruled out joining a pro-austerity coalition.
Some two dozen Americans have given $1 million or more to superPACs in the 2012 presidential campaign. The vast majority of them have been Republicans, but one movie mogul has chipped in $2 million to help out the superPAC supporting President Obama.
Jeffrey Katzenberg, the head of DreamWorks Animation studios, was also the co-host of Obama's sellout event Thursday night at the home of actor George Clooney. Katzenberg told the crowd the event raised nearly $15 million, which would make it the most profitable presidential fundraiser ever.
Gay marriage gets an advocate in the White House, but only after Vice President Joe Biden has his say. President Obama's announcement comes a day after North Carolina voters overwhelmingly rejected the concept. And Dick Lugar's 36-year Senate career comes to an end in Indiana. Meanwhile, in the West Virginia primary, Obama defeats a jailed felon from Texas, 59 percent to 41 percent.
Listen to the latest political roundup with NPR's Ken Rudin and Ron Elving.
The U.S. Conference of Catholic Bishops sent an "official inquiry" to the Girl Scouts of the USA. NPR's Barbara Bradley Hagerty reports the bishops will investigate whether the iconic group has ties or views that conflict with Catholic teaching.
Evelyn Bryan Johnson, a record-setting pilot who was born just six years after the Wright brothers made their historic flight, has died at the age of 102. Johnson, who began flying in 1944, holds the Guinness world record for the most hours logged by a female pilot — more than 57,000.
In addition to her accomplished flying record, Johnson also helped many other pilots earn their wings. After one student called her Mama Bird, the nickname stuck with Johnson, as she gave lessons and FAA flight exams to thousands of pilots.