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  • Three men are accused of trying to trade heroin and hashish for stinger missiles, which they intended to sell to al Qaeda. And members of a Colombian paramilitary group are accused of trying to buy $25 million worth of weapons. NPR's Larry Abramson reports.
  • California's Project Homekey buys motels and turns them into housing for the state's homeless population. Three of its 94 new housing projects are run by Native American tribes.
  • Reporter Amy Bernstein visits the headquarters of a magazine for pre-teen girls called "Girls' Life." The relatively new magazine is the first full-fledged glossy of its kind and has become something of a phenomenon in the publishing world. With over one hundred thousand current subscribers and two to three thousand more pouring in every month, the magazine seems to have found a niche...although advertisers still need to be convinced of its appeal and the buying power of its primary demographic group.
  • an investment firm that aims to help small investors buy new stock offerings in high tech companies on the internet. Until now, large institutional investors have snapped up most of the new stock in start-up companies, as soon as it's offered. The website for more information is >http://www.directipo.com
  • between G.M. and Volkswagon that ended litigation over charges of industrial espionage by a former design chief of G.M.'s European subsidiary. V.W. will pay G.M. 100-million dollars in damages and agreed to buy 1-billion worth of parts over the next seven years.
  • Linda speaks with Preston Gralla, executive editor for the Downloads area of ZDNet's Website, about how to read electronic books. They compare the Palm Pilot, Compaq's new IPAC handheld, and the Rocket e-book reader. The Rocket reader is soon to be replaced by a new generation of e-book reading devices manufactured by RCA. Gralla says that now might not be the right time to buy the devices. (8:00) The ZDNet Website can be found athttp://www.zdnet.com
  • NPR's Jim Zarroli reports that American Airlines made it official today. It will acquire financially-troubled TWA. In a separate deal, American also announced that it is buying some of US Airways assets and will take a major stake in a startup airline, DC Air. American's parent corporation, AMR, gets TWA's 190 planes and 175 gates at airports around the country. American has also agreed to provide employment to almost all of TWA's 20,000 employees.
  • NPR's Jim Zarroli reports American Airlines is in talks to acquire Trans World Airlines, as part of a complex deal in which American would also agree to buy significant assets from US Airways. No deal is certain and the talks may still fall apart. TWA is the nation's eighth-largest airline. It has struggled for years and would have to file bankruptcy for a third time before any deal could go forward.
  • NPR's Madeleine Brand talks to Bob Moon of Marketplace about a decision by Microsoft to require customers to verify they have a valid copy of an operating system before allowing them to download updates from its Web site. Officials for the software giant say the move will boost Internet security -- and it may prompt those using illegal copies of its popular Windows software to buy legitimate copies.
  • It's semi-annual testimony time for Federal Reserve Chairman Ben Bernanke. Sounds dry but lots of people will be hanging on his every word these next two days. Markets have been on a wild ride since Bernanke delivered a news conference last month. In that speech he laid out plans to scale back the Fed's bond-buying program.
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