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Rupert Murdoch's British newspaper division is accused of phone hacking and bribing police officers. That scandal has already cost the company hundreds of millions of dollars. Now News Corp. is fending off media reports that a specialized unit engaged in industrial espionage on behalf of the company's global satellite and cable TV operations.

Nokia gave its new Lumia smartphone a splashy launch this month. The phone runs on a new Microsoft operating system and is a key part of the Finnish company's efforts to regain market share. But on Thursday, Nokia admitted that its new phone isn't connecting with consumers.

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Some other news. The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial reform bill passed a couple of years ago. It restricts American banks from making trades that put the bank and depositor funds at risk.

But as NPR's Yuki Noguchi reports, regulators are struggling to iron out the details.

Two billionaires took the stand this week — both named Larry. Google's Larry Page and Oracle's Larry Ellison have very different styles and personalities. And that came across in court.

Vegetarians and others were highly distressed after finding out that Starbucks uses a red coloring in some of its drinks that's made from crushed bugs. An online protest campaign delivered thousands of angry emails to Starbucks headquarters.

A Dutch magician has threatened to tell the secret behind one of Penn & Teller's most famous bits. In this shadow illusion, an untouched rose falls apart as Teller cuts at the shadow with a knife. Teller tried to make the offer disappear by paying the Dutchman the $3,000. When that was refused, Teller sued.

John Brennan of Portland, Ore., was going through airport security when he was pulled aside for a closer look. So he removed all of his clothes, saying it was an act of protest. Facing charges, Brennan argues he was "nude but not lewd."

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This is MORNING EDITION, frpm NPR News. I'm Lynn Neary.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep, good morning.

The Secret Service scandal has now cost three men their jobs. The government says they were involved in misconduct in South America, and they are leaving the agency. Agents, as well as military personnel, allegedly hired prostitutes in advance of President Obama's recent trip to Colombia.

NPR justice correspondent Carrie Johnson has been following this story. She's in our studios. Good morning.

There is one more week left in the lockout-shortened, action-packed NBA regular season. Chicago, Miami and Oklahoma City head toward the finals with strong records — as do the Los Angeles Lakers and San Antonio Spurs.

The $760 million factory is part of Ford's plan to double its production there by 2015. The new factory should up Ford's production in China to 1.2million cars — about half of what it produces in the U.S.

Amazon has acquired the rights to publish all 14 of the classic James Bond novels. More than 100 million Bond books have been sold worldwide. But this deal is just for North American publishing for the next decade.

Anoushka Shankar is the daughter and protege of the renowned Indian sitar player Ravi Shankar, who is credited with introducing Indian classical music to Western audiences. Now, Anoushka Shankar carries on this tradition in more ways than one. On her new album, Traveller, she goes back in time to make the connections between India and Spain.

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Good morning. I'm Steve Inskeep with congratulations to Jamie Moyer. At age 49, the pitcher won a game in the major leagues. Many of today's baseball players were not even born when Moyer's career started. He never threw the ball very hard, but won with patience and control. This year, he made the Colorado Rockies and pitched seven innings last night against San Diego for a five - three win. Some pitchers throw a 95 mile an hour fastball. Moyer's was 78. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

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Good morning. I'm Lynn Neary. The Seattle Space Needle is going retro. Built for the 1962 Seattle World's Fair, the Space Needle was meant to be a beacon of the future. At first, it was not universally well received. Prince Charles even scorned the landmark's original color. But to celebrate its 50th anniversary on Saturday, the Space Needle's sloped roof is being repainted that same shade. Some call it sienna. Designers call it Galaxy Gold. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

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An outsized figure on the world's stage is fighting to keep his job. Nicolas Sarkozy has made headlines pressing for intervention in Libya, travelling abroad with his supermodel second wife Carla Bruni, pressing to free up France's economy and struggling with Europe's debt crisis. Now, with an election approaching, the French president is trailing in opinion polls against his main rival, the socialist Francois Hollande.

Sarkozy's future depends on voters like those who spoke with NPR's Eleanor Beardsley.

At Citigroup's annual meeting Tuesday, 55 percent of shareholders voted against big paychecks for the firms top executives. Citigroup's latest pay package saw the CEO take home some $25 million, despite dwindling share values. The vote is not binding, but analysts call it historic.

At an NBA meeting last week, team owners floated the idea of slapping corporate logos on team uniforms. The New York Times reports three prototypes are being considered. In one, the team name is completely replaced by the name of a sponsor.