Business Story of the Day
May 23, 2013 — Big bank Goldman Sachs holds its annual shareholder meeting Thursday. Five years ago, during the financial crisis, Goldman's CEO Lloyd Blankfein was a poster boy for overpaid executives. To find out how much he is making now, Renee Montagne talks Neil Weinberg, editor in chief of American Banker.
May 22, 2013 — NASA and Google have come together to buy a new kind of computer that the manufacturer says runs on the strange laws of quantum mechanics. But some physicists counter that the machine, known as the D-Wave Two, has never demonstrated a phenomenon known as "quantum entanglement."
May 21, 2013 — Tim Cook will address reports that his company pays billions less than it should in U.S. taxes each year at a Tuesday hearing in Washington. According to a report by the Senate Permanent Subcommittee on Investigations, Apple avoids the tax payments by shifting profits to subsidiaries in Ireland.
May 20, 2013 — Inspired by a TED talk, Winston Chen quit his software job and moved from Boston to a tiny Norwegian island with his wife and kids. He spent the year enjoying the outdoors with his family and writing an iPhone app, something he would never have done without his self-imposed sabbatical.
May 15, 2013 — With budgets tight, the court in San Joaquin County, Calif., stopped hearing all small claims cases in September. More than 800 people have since filed claims with no hearing dates in sight. Many other counties nationwide are experiencing similar delays for civil cases as they grapple with spending cuts.
May 16, 2013 — A dozen universities are collaborating on a sort of extreme winemaking project: How cold a climate can a grape survive and still make good wine? The Northern Grapes Project is inventing wines the world has never seen before, winning wine awards and creating a new crop for struggling rural economies.
May 15, 2013 — The Congressional Budget Office has sharply revised down the outlook for the federal budget deficit. Some temporary factors are being cited for the projected improvement. Keeping the deficit on a downward path may depend on the economy, analysts say.
May 14, 2013 — Ben Bernanke has been Federal Reserve chairman for some of the most tumultuous years in the Fed's 100-year history. His second, four-year term expires in January. Steve Inskeep talks to David Wessel of The Wall Street Journal about who might succeed Bernanke, and what challenges the new Fed chief might face.
May 13, 2013 — Now that YouTube runs advertising on videos of cover songs, musicians like Tyler Ward are working with agencies to negotiate higher shares of that revenue.
May 10, 2013 — The Internet has managed to disrupt many industries, from publishing to music. So why not lending? Google's recent investment in Lending Club has raised the profile of peer-to-peer lending, which gets borrowers and lenders together outside the conventional banking system.