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Also: Russia reportedly sending navy ships to Syria; talks on Iran's nuclear program resume; Rodney King's haunted memories; Jack Osbourne's MS diagnosis.

The deputy commander of the Yemeni-based terrorist network was reportedly killed along with six other militants.

Also: "Relief rally" follows news of Spanish bailout; coma rumors swirl about Mubarak; Nadal wins record seventh French Open; France heads toward leftist government.

The venerable New York investment firm Goldman Sachs has a long track record for producing political bigwigs. Treasury Secretary-nominee Henry M. Paulson Jr. has served as both chairman and CEO since 1999. The company boasts a return on equity of upwards of 40 percent.

Accepting the Republican nomination for a second term, President Bush outlines proposals addressing education, health care and other domestic issues, while attacking Sen. John Kerry. But the post-Sept. 11 world and war on terrorism dominate Bush's speech. Hear NPR's Mara Liasson.

Obama's supporter and former South Dakota Senator Tom Daschle was nominated to be secretary of the Department of Health and Human Services and director of the new White House Office of Health Reform.

Sonia Gandhi, heir to India's Nehru-Gandhi dynasty, gives up her chance to become prime minister, reportedly to protect her Congress Party's new government from attacks over her Italian birth. Manmohan Singh, architect of the country's financial reforms, is now seen as the favorite to become prime minister. NPR's Philip Reeves reports.

Michael Steinberg, the highest-ranking employee at the hedge fund to be convicted in an insider trading sweep, was found guilty on five counts of conspiracy and securities fraud.

The Scottish National Party has pledged to push for a referendum for independence from the United Kingdom if they win a majority in the Scottish Parliament.

School spirit at Penn State was dealt another blow Saturday when it lost its last home game of the football season to Nebraska. The loss comes just days after the firing of the university's iconic head coach Joe Paterno and the arrest of former assistant coach Jerry Sandusky on 40 counts of abusing young boys. NPR's Jeff Brady reports on the game's aftermath.