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The nation's second-largest bank is planning to layoff about 2,000 people at its investment banking, commercial banking and wealth management units, according to The Wall Street Journal. The cuts are notable because they include high earning employees in operations that account for most of Bank of America's profits since the financial crisis.

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STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Over the course of more than 60 years in the media business, Rupert Murdoch has earned a reputation as a blunt-spoken businessman who comes out swinging. Well today, British parliamentarians didn't pull their punches against him. They released the findings of an investigative panel that spent months looking into the illegal phone-hacking practices at Murdoch's News of the World, the now-closed British tabloid.

Republican Sen. Kelly Ayotte of New Hampshire is the latest politician to appear on the campaign trail with presumed Republican presidential nominee Mitt Romney. That's fueled speculation that Ayotte is being considered as a running mate.

Wal-Mart remains under a cloud after The New York Times reported the retailers expansion in Mexico involved systematic bribes. To get a sense of how that might play out, Steve Inskeep talks to Peter Solmssen, a managing board member and general counsel for Siemens. The German engineering and electronics conglomerate was involved in its own bribery scandal.

South Sudan is the country that voted to break away from Sudan. They've been jostling for control of border zones, including oil fields. And just as the two sides were sitting down to negotiate, fighting broke out.

In a new report, the employment firm Challenger, Gray and Christmas predicts more jobs for teenagers this summer. While the jobs picture is improving, CEO John Challenger says teen hiring is still several years away from returning to pre-recession levels.

More than 10 years ago, Norah Jones hit the national stage with her melancholic love song "Don't Know Why," in the process selling millions of copies of her debut album and becoming a Grammy winner.

But Jones' new album is different. She may sound like a fragile performer, but don't get her wrong: At 33, she's recorded a breakup album with attitude.

Microsoft is committing $300 million to the venture with Barnes & Noble. They are working to create a new subsidiary of the bookseller. The two companies are hoping to energize sales of the Nook tablet.

Clive Palmer says he wants to build Titanic II to sale from London to New York. Like the builder of the original, Palmer says, "It is going to be designed so it won't sink."

Peggy McAlpine wasn't happy when she lost her world record. The Scottish woman was 100 when she became the oldest person to paraglide. That title was recently taken away by an American woman. So at age 104, McAlpine took the the skies again and regained the record.