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NPR has named veteran news leader Edith Chapin as its senior vice president for news and editor in chief, anchoring its newsroom leadership at a time of great transition for the public broadcaster.

President Obama may not have cleaned up the oil spill yet -- but on Wednesday he succeeded in extracting a big financial commitment from BP. After a four hour meeting with BP executives at the White House, the oil giant agreed to put $20 billion in an escrow fund to pay the claims of Gulf residents hurt by the spill.

Apple plans to hold a press conference Friday to discuss the latest iPhone amid complaints that if users hold the phone over a certain spot, signal strength is drastically reduced. Consumer Reports magazine has refused to endorse the phone until the problem gets fixed.

Gunmen in Mumbai are thought to still be holding a number of foreign hostages. Indian commandos have been trading fire with the attackers. On Wednesday, gunmen armed with assault rifles and grenades fanned out across Mumbai and attacked popular tourist sites, including the city's top two luxury hotels.

Pakistanis vote in a parliamentary election Monday, ending a campaign that has been overshadowed by violence — including the assassination of opposition leader Benazir Bhutto. The vote could empower a new civilian government. But many say they believe the country's army will not go away quietly.

NPR has learned that the Bush administration is pushing for increased military action along the Afghanistan-Pakistan border. The plan is part of an effort to kill or capture Osama bin Laden and other top al-Qaida leaders by the time the president leaves office.

Advisers to the Food and Drug Administration have recommend that drugs Serevent and Foradil no longer be used for asthma. Top-selling Advair was not affected by the recommendation.

Very few insurers around the country are offering top-of-the-line platinum insurance plans. Policymakers predicted less expensive but more restrictive bronze and silver plans would prove more popular than high-end options, and it looks like insurance companies think so, too.

Funeral directors in 15 states can now offer "water cremation," in which bodies are dissolved in a chemical solution. Some see it as more eco-friendly and less traumatic than consumption by flame.

In their 2004 book, Gary Stern and Ron Feldman, top executives at the Federal Reserve Bank of Minneapolis, cautioned the world about systemic financial risk and the need for more oversight. They admit to a fleeting sense of "I told you so."