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J.C. Penney CEO Johnson Is Forced Out

Apr 9, 2013

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DAVID GREENE, HOST:

NPR's business news starts with J.C. Penney's revolving door.

(SOUNDBITE OF MUSIC)

GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.

Here's NPR's Wendy Kaufman.

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DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama is preparing to send budget plan to Capital Hill this week and Treasury Secretary Jack Lew will be key in selling that plan to Congress.

Right now, Secretary Lew is on another mission: to sell European leaders on the idea of easing austerity to boost economic growth. We reached Secretary Lew in Berlin. Mr. Secretary, welcome back to the program.

SECRETARY JACK LEW: Good to talk to you, David.

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DAVID GREENE, HOST:

The director Danny Boyle is best known for the Oscar-winning "Slumdog Millionaire." His latest film is called "Trance," but Los Angeles Times and MORNING EDITION film critic Kenneth Turan was not put under its spell.

KENNETH TURAN, BYLINE: "Trance" begins with the auction of a painting by Goya.

(SOUNDBITE OF MOVIE, "TRANCE")

JAMES MCAVOY: (As Simon) Telephone bidder now, $26 million; 26 on the telephone, 27 to the lady on the aisle. Selling, 27 million, 500 thousand pounds - sold...

The budget President Obama will send to Congress Wednesday is expected to include some $400 billion in reductions to Medicare and other health programs.

And if the word around Washington is correct, it may also include a proposal aimed at winning some bipartisan backing — by changing the way Medicare patients pay for their care.

In recent months, more than 1,000 starving baby sea lions have been found on Southern California beaches, from Santa Barbara to San Diego. The National Oceanic and Atmospheric Administration has just declared the crisis an "unusual mortality event."

On a recent early morning, Peter Wallerstein is on the job on a beach near Marina del Rey, Calif. His white truck is a familiar sight along this coastline. Next to him, a small blond dog named Pumpkin rides shotgun.

These days, if they can't find a producer to fund their latest film, a lot of artists turn to crowdsourcing sites like Kickstarter to raise money for production.

But here's a new twist: a project headed up by director Ron Howard that is crowdsourcing the inspiration.

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DAVID GREENE, HOST:

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DAVID GREENE, HOST:

On a Monday, it is MORNING EDITION, from NPR News. I'm David Greene.

Britain and the world are reflecting this morning on the life of Margaret Thatcher. The former British prime minister has died at the age of 87. Britain's current Prime Minister David Cameron remembered her this way.

(SOUNDBITE OF SPEECH)

Former British Prime Minister Margaret Thatcher died Monday following a stroke. She was 87. Despite many accomplishments during her 11 years in office, she was a divisive figure, and there is still much bitterness surrounding the woman who was dubbed the Iron Lady.

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