NPR's business news starts with a U.K. interest rate probe.
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WERTHEIMER: The former chief executive of Barclays is testifying before a parliamentary committee in Britain. Bob Diamond, who resigned yesterday, is being asked about the rate-setting scandal at the bank. He told lawmakers in the hearing today that it was an unfortunate series of events. Yesterday, Barclays released documents suggesting a Bank of England official may have pressured Barclays to lower its rates. NPR's Jim Zarroli reports.
Maybe you won't pay several hundred dollars for a pair of sneakers, but there are a lot of people who will — providing they are the right sneakers. The demand for certain models has spawned a robust market for re-sellers — people who buy up the available supply and re-sell them for a profit.
British physicist Peter Higgs, right, arrives for the opening of a seminar to deliver the latest update in the 50-year bid to explain a riddle of fundamental matter in the search for a particle called the Higgs boson.
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An undated handout graphic distributed on July 4, 2012 by the European Organization for Nuclear Research (CERN) in Geneva shows a representation of traces of traces of a proton-proton collision measured in the Compact Muon Solenoid (CMS) experience in the search for the Higgs boson.
Two teams of scientists using the Large Hadron Collider at the European Organization for Nuclear Research, or CERN, announced in Geneva this morning that they have detected a new subatomic particle that bears the hallmarks of the elusive and highly sought after Higgs boson. In layman's terms, the Higgs is referred to as the "God Particle" because the field it produces gives atoms their mass. Were it not for the Higgs, the world we know would be completely different — there would be no chemistry, no architecture, no us.