Morning Edition

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LINDA WERTHEIMER, HOST:

NPR's business news starts with a U.K. interest rate probe.

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WERTHEIMER: The former chief executive of Barclays is testifying before a parliamentary committee in Britain. Bob Diamond, who resigned yesterday, is being asked about the rate-setting scandal at the bank. He told lawmakers in the hearing today that it was an unfortunate series of events. Yesterday, Barclays released documents suggesting a Bank of England official may have pressured Barclays to lower its rates. NPR's Jim Zarroli reports.

Maybe you won't pay several hundred dollars for a pair of sneakers, but there are a lot of people who will — providing they are the right sneakers. The demand for certain models has spawned a robust market for re-sellers — people who buy up the available supply and re-sell them for a profit.

Scientists in Switzerland unveiled the results in their search for a subatomic particle that is believed to be key to the formation of stars, planets and eventually life after the Big Bang. Many questions remain about the exact nature of this particle.

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LINDA WERTHEIMER, HOST:

The Olympic Games are now just over three weeks away. NPR's Philip Reeves is tracking preparations. He brings us his latest letter from London.

PHILIP REEVES, BYLINE: So it's true then. Surface-to-air missiles really will be stationed on London's rooftops during the Olympic Games.

It is not facetious to say that dying may not have been the worst thing to happen to Joe Paterno this past year.

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RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Visitors to the Columbus Zoo over the weekend were startled witnesses to a family feud. A fight broke out when mother elephant Phoebe was disciplining her son Beco. Another elephant, known as Aunt Connie, disapproved and the females started shoving each other. A zoo director told the Columbus Dispatch that elephants, like humans, sometimes disagree about child rearing. He also said the little elephant Beco is a punk. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

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LINDA WERTHEIMER, HOST:

Good morning. I'm Linda Wertheimer. Wal-Mart wanted more Facebook fans, so it asked rapper Pitbull for help. Pitbull agreed to a show at the Wal-Mart store with the most likes. The campaign went viral, then rural. As of this morning, more than 40,000 people have liked the Wal-Mart in Kodiak, Alaska. Kodiak is on an island, a town of less then 10,000, plus bears, of course. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.