NPR News

Good morning.

Things have already been a bit busy, with some breaking news. Here are our early headlines:

-- American Airlines Files For Chapter 11 Bankruptcy Protection.

Protesters described by state media as "students" have broken into the British embassy in Tehran and there are reports of stones and "petrol bombs" being thrown.

This follows the vote by Iran's parliament on Sunday to further reduce ties with the U.K. because of Britain's support for tighter sanctions on Iran due to its suspected pursuit of nuclear weapons.

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with American Airlines filing for bankruptcy.

(SOUNDBITE OF MUSIC)

INSKEEP: Let's find out why the parent company of the giant airline sought Chapter 11 bankruptcy protection today. One of the corporate press releases does not offer too much help - not even using the word bankruptcy. Instead, headlined: American Airlines Begins Legal Process in United States to Improve Competitiveness.

NPR's Chris Arnold is covering this story. Chris, what does that actually mean?

American Airlines, one of the giants of the U.S. airline industry, just announced it is filing for Chapter 11 bankruptcy protection.

A second day of voting is underway in Egypt's parliamentary elections, with turnout being described as "massive and unexpected" and things moving along peacefully, The Associated Press and NPR's Lourdes Garcia-Navarro report from Cairo.

According to the wire service: