Search results for

Former Enron Chairman and CEO Kenneth Lay turns himself into the FBI to face criminal charges. After a two-and-a-half year investigation into the scandal-ridden energy company, a grand jury on Wednesday returned a sealed indictment against Lay. He's charged with securities and wire fraud and misleading investigators. Hear NPR's Steve Inskeep and NPR's Wade Goodwyn.

U.N. Security Council members, plus Germany, met Wednesday in London to try and reach agreement over how to approach Iran on its nuclear program. They failed to come to any comprehensive agreement, although there are signs that the European position may be moving closer to that of the U.S.

Michael Lewis, who wrote the best-seller Liar's Poker, is back with a new book examining those who profited from shorting subprime mortgages. In The Big Short, Lewis profiles extreme characters — outsiders — who are the sane people in an insane world.

It's the perfect gift, as Fannie Farmer's classic cookbook states: "Homemade candy, made from real cream, butter, fresh nuts, and rich chocolate, is a real and wonderful surprise." And it's easier than you might think to whip up caramels, toffee, brittle, fudge and other treats.

http://stream.publicbroadcasting.net/production/mp3/michigan/local-michigan-940883.mp3Business groups say Michigan’s regulations and the state’s…

Energy Secretary Spencer Abraham says he is considering major security reforms at the nation's nuclear weapons facilities -- including creation of a new federal police force and consolidation of stocks of plutonium and uranium. Since the Sept. 11 attacks, critics have questioned whether such facilities are sufficiently protected against terrorism. NPR's David Kestenbaum reports.

President Bush visits Saudi Arabia, a nation that has struggled to maintain good relations with Washington and rein in Islamic radicals at home. The al-Qaida attacks of Sept. 11, 2001, sparked animosity and suspicion toward Saudi Arabia, the country of origin for many of the hijackers.

The nation's gross domestic product, or value of goods and services, grew at a 4.2 percent annual rate during the first three months of the year, an improvement over the end of 2003 but not as strong as many analysts were expecting. The Commerce Department's prime price index, omitting food and energy, rose 2.3 percent, compared with 1.5 percent in the fourth quarter. NPR's Jim Zarroli reports.

Consumer advocate Ralph Nader discusses why he has decided to run for president. Nader, who ran for president in 2000 on the Green Party ticket, will run as an independent. In response to Democratic critics who still accuse him of hurting Al Gore's chances in the 2000 race, Nader says he draws support from both major parties. Hear NPR's Steve Inskeep and Nader.

Opening statements are scheduled Tuesday in the federal fraud and conspiracy trial of former Enron executives Ken Lay and Jeff Skilling. Both are accused of lying about Enron's financial health. The energy company collapsed in 2001 after revelations of hidden debt and inflated profits. Ed Mayberry of member station KUHF reports.