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The Two-Way
6:55 am
Thu January 19, 2012

Search Resumes At Stricken Italian Cruise Ship

Credit Vincenzo Pinto / AFP/Getty Images
Searchers climbing on to the Costa Concordia earlier today (Jan. 19, 2012).

"Rescue efforts have resumed aboard the wrecked Italian cruise ship, Costa Concordia, off the coast of Tuscany," the BBC reports. "Operations were suspended on Wednesday as the vessel shifted its position. More than 20 people are still missing."

The ship, with about 4,200 passengers and crew aboard, ran into rocks on Friday and listed over to its starboard side. Eleven people are confirmed dead.

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Business
6:28 am
Thu January 19, 2012

So, Um, What Is A Private Equity Firm?

Credit David L. Ryan / Boston Globe via Getty Images
Before entering politics in the 1990s, Romney co-founded Bain Capital, one of the nation's largest and most profitable private equity funds.

Originally published on Thu January 19, 2012 2:57 pm

In the run-up to Saturday's GOP presidential primary in South Carolina, candidates have clashed over the role of Bain Capital — a firm that either creates or kills jobs, depending upon whom you believe.

Front-runner Mitt Romney sees the bright side. Before entering politics in the 1990s, he co-founded Boston-based Bain Capital, one of the nation's largest and most profitable private equity funds. He has said he created 100,000 jobs while at Bain.

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The Two-Way
6:25 am
Thu January 19, 2012

Kodak Calls Bankruptcy Filing 'Necessary Step'

Credit Guy Solimano / Getty Images
Eastman Kodak Co.'s corporate headquarters in Rochester, N.Y.

"Running short of cash and unable to sell 1,100 digital imaging patents that could have rescued it," as Rochester's Democrat and Chronicle writes, Eastman Kodak Co. today took the long-expected but still painful step of filing for Chapter 11 bankruptcy protection.

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Around the Nation
6:06 am
Thu January 19, 2012

Twitter Fills The Gap When Wikipedia Went Black

Wikipedia was shut down on Wednesday to protest anti-piracy bills in Congress. But Twitter was there to fill the encyclopedic void. "Facts Without Wikipedia" became a trending topic. One tweet informed readers that Star Wars was based on the work of William Shakespeare.

Around the Nation
5:59 am
Thu January 19, 2012

Pregnant Woman Delivers Baby In Stuck Elevator

Katie Thacker of Tacoma, Washington, was in labor when she stepped into an elevator at St. Joseph Medical Center. On the way to the maternity ward, the elevator got stuck. She left the elevator with a baby named Blake.

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