Business

Billionaire Paul Tudor Jones is back-peddling from remarks he made at a symposium last month that motherhood causes women to lose the necessary focus to be successful traders.

"As soon as that baby's lips touched that girl's bosom, forget it," Jones told an audience at the University of Virginia on April 26.

The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.

Media empire News Corp., parent of Fox and The Wall Street Journal, will be cleaved into two businesses starting June 28: a publishing arm and one for entertainment.

The plan was first announced a year ago. As we reported at the time:

California just unveiled a wide array of choices for the 5.3 million people expected to qualify to buy coverage through its online marketplace established by the federal health overhaul.

It's the first disclosure of prices in the nation's most populous state for individual health insurance that complies with the Affordable Care Act, and the menu of affordable options surprised some consumer advocates and analysts who had been expecting premiums to be much higher.

Irish banking officials should have known there were problems with the controversial 10-euro coin commemorating James Joyce, according to Ireland's RTE News. The coin misquotes the author's Ulysses, and bears an image of Joyce that his estate did not approve.

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RENEE MONTAGNE, HOST:

NPR's business news starts with a comeback.

(SOUNDBITE OF MUSIC)

MONTAGNE: Procter & Gamble made a surprise announcement last night. It's bringing back its former CEO as the company's new CEO. A.G. Lafley will replace Bob McDonald. Procter & Gamble is behind names like Crest toothpaste and Tide laundry detergent. The 170-year-old company has been struggling to grow in emerging markets. Transcript provided by NPR, Copyright NPR.

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DAVID GREENE, HOST:

More now, on the new federal health care law. States are preparing for that law to take effect. In California, officials have now unveiled plans and prices from millions of residents who will be using a new health insurance exchange two purchase their coverage next year. This is a key test of the federal health law's ability to draw competitive bids from insurance companies.

Sarah Varney reports.

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RENEE MONTAGNE, HOST:

And for the past few months, global stock markets appeared to be on an escalator going up, relentlessly reaching new highs. This week, that ride seems to be over - or maybe not. To find out, we turn, as we often do, to David Wessel, he's the economics editor of The Wall Street Journal.

Good morning.

DAVID WESSEL: Good morning, Renee.

MONTAGNE: David, put the stock markets into perspective for us. Apart from the day-to-day ups and downs, which we have been seeing, how have the markets been doing?

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DAVID GREENE, HOST:

The popular series "Arrested Development" returns this Sunday with 15 new episodes, released all at once. They're coming from Netflix, which earlier this year, released "House of Cards." Online video companies are producing more of their own shows - not just Netflix, Hulu and Yahoo are getting into the act, as well.

Now, Amazon also wants to join, but they're doing things differently, letting viewers help choose the new lineup. Here's what TV critic Eric Deggans thinks of that approach.

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DAVID GREENE, HOST:

And our last word in business today, quite a tongue lashing for McDonald's. The company held its annual shareholders meeting in yesterday, and when the floor opened for questions, a nine-year-old girl approached the microphone.

RENEE MONTAGNE, HOST:

Hannah Robertson spoke loud and clear, saying quote, "there are things in life that aren't fair, like when your pet dies." And she continued, "I don't think it's fair when big companies try to trick kids into eating food."

It's not every day that a 9-year-old girl chastises the CEO of one of the world's biggest fast-food chains.

Yet that's exactly what young Hannah Robertson did Thursday morning at McDonald's annual shareholders meeting in Chicago. When the meeting opened up to questions, Hannah was first up at the mic with a pointed criticism.

"It would be nice if you stopped trying to trick kids into wanting to eat your food all the time," she told McDonald's CEO Don Thompson.

Ouch.

Millions of students rely on loans and grants for their studies. But with universities strapped for cash, fewer schools are able to admit students regardless of their financial need. Host Michel Martin asks the President of Iowa's Grinnell College, Dr. Raynard Kington, why his school considered putting a halt to need-blind admissions.