News from NPR

The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.

Morning Edition's Steve Inskeep talks to journalist Christopher de Bellaigue about his book Patriot of Persia: Muhammad Mossadegh and a Tragic Anglo-American Coup.

John Peet, Europe editor of The Economist in London, talks to David Greene about European reaction to heightened speculation that Greece may leave the eurozone. Next month, voters are likely to back parties that want to tear up the IMF-EU bailout deal.

David Greene talks to reporter Kim Masters about some of the new TV shows coming out of this year's upfront presentations. The upfronts are when the networks present their fall lineups to advertisers and media. Masters is covering the upfronts for The Hollywood Reporter.

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some good news for the housing market.

(SOUNDBITE OF MUSIC)

GREENE: Home foreclosures in the United States are down for the third straight month, according to the foreclosure listing from RealtyTrack. Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year, hitting the lowest monthly level in nearly in five years. Transcript provided by NPR, Copyright NPR.

The hot dog is topped with lobster tail, contains safron aioli and is covered in gold dust. Four of the expensive dogs have been sold, and the proceeds donated to charity.

Euros are being drained out of Greek banks at a rate of up to $1 billion a day this week. In the wake of the country's election turmoil, depositors are nervous about the heightened possibility of a Greek exit from the euro. If that were to happen, euros left in Greek banks could be worth much less than euros outside the country.

Dr. Michael Cooper cringes when he thinks about the time he was a family practice doctor working in Kotzebue, Alaska.