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A Nordstrom warehouse worker created a mini department store in his living room — displaying fancy watches and hand bags at very good prices. He even took orders. Police noticed him when he wore a bulky winter coat to work on a hot summer day and made lots of trips to his car.

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Two dozen people on four continents have been charged with trafficking in stolen credit cards and bank account numbers. Eleven of the defendants were arrested in the U.S. They were caught after allegedly using a website set up by the FBI as part of a sting operation.

NPR's Jim Zarroli reports.

JIM ZARROLI, BYLINE: FBI officials said the arrests yesterday amounted to the largest coordinated international law enforcement action in history. It involved 13 countries in North America, Asia, Europe and Australia.

News Corp. executives have confirmed they are considering dividing the company in two. One new company would hold all of News Corp.'s profitable entertainment and television outlets. The other would hold all of its newspaper and publishing outlets. The move is seen as a way for the Murdoch family to hang on to its less profitable and troubled newspapers while pleasing investors with a newly independent and far more profitable entertainment company.

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This is MORNING EDITION, from NPR News. I'm Linda Wertheimer.

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And I'm Renee Montagne.

Debby has now weakened from a tropical storm to a tropical depression, but it's still bringing flash floods and the threat of tornadoes to Florida cities, including Tampa, Orlando and Jacksonville. Debby first formed in the Gulf of Mexico last weekend. Jessica Palombo of Florida Public Radio has more.

(SOUNDBITE OF RAIN)

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College football fans are belting out a one word chant this morning: Finally. As in finally, there's a post-season playoff at the sport's highest level. Yesterday, a committee of college presidents approved a four-team, three game plan. When it starts in 2014, it'll end major college football's isolation as the only big time team sport that does not decide its championship with a playoff. NPR's Tom Goldman has more.

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This is MORNING EDITION, from NPR News. I'm Linda Wertheimer.

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We've been counting down to the London Olympics, and now we're going to meet two women in rowing. The qualifiction for women's pairs was held recently in Princeton, N.J. Sarah Hendershot and Sarah Zelenka came from behind to win a spot on the Olympic team.

In advance of the Supreme Court's ruling on the Obama health care law, Renee Montagne talks to Jamal Greene — associate professor at Columbia Law School and former clerk for Justice John Paul Stevens — about how the Supreme Court thinks through momentous cases.

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NPR's business starts with living wills for banks.

The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.

"The election of muslim brotherhood presidential candidate Mohammed Morsi is another step in the balance of power counter-revolutionary process that many wrongly characterized as a revolution eighteen months ago.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

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