Update at 6:08 p.m. ET. USA Today's On Politics blog reports that both Sears and Allstate are distancing themselves from Limbaugh as well. Both firms said their media buying firms bought space on the show, today, but they have instructed them not to continue.
Good morning. I'm Renee Montagne. Joshua Thompson is a big moviegoer, but high prices at the concession stand left a bad taste in his mouth. So after paying $8 for a Coke and a box of Goobers, Thompson filed a class action lawsuit. It accuses Michigan's AMC Theaters of charging grossly excessive prices for snacks. Consumer lawyers told the Detroit Free Press the lawsuit will likely be a flop, but moviegoers are applauding. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Now, we do not know what songs make Hiroshi Hoketsu move, but the Japanese equestrian does move gracefully on a horse. Just shy of his 71st birthday, he has won a spot at the London Olympics for dressage, where you lead a horse through a series of very precise movements. Japanese officials are still deciding whether they'll let him compete.
Don't let the theme fool you. These three books are anything but failures. They are, in fact, full of sharply rendered and utterly original characters who fail spectacularly in their attempts to do right (or what they think is right). They are men on a mission, variously heroic, harebrained, heartfelt, even cruel, but their good intentions are undeniable, if not always admirable.
Now just as the U.S. economy seems to be picking up, China's is not. The Chinese government has downgraded its economic growth target to the slowest rate in eight years. China's premier says the country needs to boost consumer demand, and address what he calls unsustainable development.
Lawyers for BP, and thousands of people affected by the Deepwater Horizon accident and oil spill, had been expected, for a long time, to be in a New Orleans courtroom this morning for a civil trial. Instead, they're reviewing a deal to settle the case.
BP estimates it would pay nearly $8 billion in the settlement. In exchange, the company would avoid revisiting, in a courtroom, what led up to the drilling rig explosion that killed 11 men and poured massive amounts of oil into the Gulf of Mexico.
And today's last word in business is a blast from the past: Datsun, a name that you may remember if you're of a certain age. The cut-priced Japanese cars first appeared in the United States in 1958, when Elvis topped the charts. Datsun was produced by Nissan, which decided to phase out the brand in the 1980s. Now a Japanese newspaper says Nissan may bring it back.
Sadly, American Datsun enthusiasts may have to travel far to find one. Nissan's plans to sell low-priced cars only in emerging markets like India and Russia.
NPR's business news starts with more bad news for News Corp.
An FBI investigation of Rupert Murdoch's media company is now looking to Russia. A billboard company, News Outdoor Russia, owned until last year by News Corp, is being scrutinized over possibly bribing public officials. The FBI began looking into News Corps' operations after its British newspapers were embroiled in a bribery and phone hacking scandal.