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NPR's Jim Zarroli reports Wall Street's top brokerage firms agreed to pay nearly $1.5 billion in fines to settle conflict-of-interest charges. Regulators accused the firms of continuing to recommend stocks they privately had turned against. Besides fines, the firms agree to spend several hundred million dollars in coming years buying research from independent firms that don't mix stock research with investment banking.

President Elect George W. Bush named two of his top campaign aides to new jobs today, completing the transfer of his "Texas Iron Triangle" from Austin to Washington. Senior strategist Karl Rove will become senior adviser to Bush in the White House, where he will handle public liaison and strategy as well as politics. Joe Allbaugh, who has been Bush's campaign manager, will become the director of the Federal Emergency Management Agency. Don Gonyea reports from Austin.

NPR's Michelle Kelemen reports on new developments in U.S.-Yugoslavia relations. A top Yugoslav official, meeting with Secretary of State Madeleine Albright yesterday, said his country is interested in stronger economic ties with the U.S., and might be willing to allow an international war crimes tribunal to try former President Slobodan Milosevic. The U.S. has set aside 100 million dollars to help Yugoslavia...on the condition that war criminals be tried.

The Bush administration condemns the assassination of a top commander of the Kurdish resistance in northern Iraq. A State Department spokesman says the United States had been working closely with Gen. Shawkat Haji Mushir. Mushir's death is blamed on a Kurdish Islamist movement with al Qaeda ties. NPR's Ivan Watson report.

The top prizes in science this year recognize inventions that have changed our lives and that could shape the future. The physics award will be shared by people who developed the computer chip and figured out surprising new ways to get semiconductors to do other tricks, such as emitting light. The prize in chemistry goes to researchers who developed plastics that can conduct electricity. NPR's Richard Harris reports. (4:00) Note: The words god damn appear near the end of the third actuality of this piece.

NPR's Eric Weiner reports that Japan's worst economic downturn since World War II has radically changed expectations of young college graduates. In years past, the country's corporate giants would go to the top schools and actively recruit new employees, who generally were given jobs for life. Now it is the students who are chasing employers. And many of them are not finding jobs. Some have given up on full-time employment and simply bounce from one part-time job to another while living with their parents.

Secretary of State Condoleezza Rice arrives in China, the final stop of her first Asian tour as America's top diplomat. Rice visited Japan and South Korea in the last two days; the focus of many of her discussions has been North Korea and its nuclear research.

National Hockey League management locks out players over a dispute on salaries. The confrontation may not end until players accept that hockey, as a professional sport, is not a top-tier sport like football and basketball. The league, after years of trying to promote itself as another "big time" sport, wants to reduce its ambitions and its economics. Hear Michele Norris and Wall Street Journal sportswriter Stefan Fatsis.

On his new album, Timeless Love, rhythm and blues legend Smokey Robinson sings hits from the American songbook, including "I Can't Give You Anything But Love (Baby)," "Night and Day" and "More Than You Know." Robinson William "Smokey" Robinson recorded dozens of top 40 hits for the Motown label as a solo artist and with The Miracles.

NPR's Robert Siegel talks with Charles Duelfer, who served as deputy executive chairman of the U.N. Special Commission on Iraq (UNSCOM) from 1993 to 2000, about the additional $600 million the Bush administration is seeking for the continuing search for weapons of mass destruction in Iraq. The money is part of the $87 billion request that Bush has already put before Congress, and comes on top of the $300 million already spent in the weapons search.