On Saturday, presumptive Republican presidential nominee Mitt Romney will deliver the commencement address at Liberty University, the nation's largest evangelical university. The speech will be attended by nearly 35,000 people, and it will give him a chance to win over a huge constituency that, up until recently, has been lukewarm about his campaign.
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.
Boston Red Sox left fielder Cody Ross looks down during a seven-run third inning against the Baltimore Orioles at Fenway Park on May 5. The Red Sox trail their division, losing 11 of their last 12 home games.
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.
The British got an intriguing glimpse today into the secret world of the powerful. They heard from Rebekah Brooks, a close advisor to Rupert Murdoch and a former tabloid editor. She was caught up in the phone hacking scandal that's engulfed Murdoch's British operations.
Today, Brooks testified to a media ethics inquiry. It's investigating the close relationship between Britain's press and its politicians. NPR's Philip Reeves has the story.
A story about Mitt Romney's behavior in high school has his campaign in the defensive. The Washington Post has published a long story that details incidents of bullying by Romney when he was a senior at the Tony Cranbrook boys prep school in Michigan. Five former classmates spoke about an incident when Romney led a posse that targeted a student with long bleached-blond hair, tackled him, pinned him to the ground and hacked off his hair as he cried and screamed for help.
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.