New York City's taxis are getting a face-lift. Officials have unveiled a Nissan-designed update that, over the next 10 years, will gradually replace every one of the city's 13,000-plus cabs. Updates include more legroom and a window in the roof for gazing at skyscrapers.
Yahoo will lay off 2,000 employees in an attempt to save money and restructure the company. Despite an enormous Web audience, Yahoo has struggled to build an identity as social media has taken off. It is currently embroiled in a big patent dispute with Facebook.
Finally, there is a flying car for the average driver. But the real question is if the average driver ready for a flying car. Terrafugia Transition is a $279,000 car-turned-airplane. It's meant to bridge the gap between the road and the sky.
Italy's technocrat prime minister is facing his toughest challenge yet — pushing through a labor overhaul. Italy's labor laws all but guarantee life tenure for older workers but can condemn younger Italians to temporary jobs. The last two attempts to change the law ended with murders.
Marketplace correspondent David Brancaccio wanted to see if it was possible drive across the country without interacting with a human being — just machines. He discovered how technological advances — from factory robots to self-checkout machines — are changing the future of U.S. jobs.
The layoffs at Yahoo Wednesday reduce its staff by about 14 percent, part of a turnaround by new CEO Scott Thompson. He's the third CEO at the Internet firm in four years. Thompson is aiming Yahoo toward better analysis of users' personal data to boost advertising revenue, and toward improving Yahoo for mobile devices.
Jobs at U.S. businesses increased by 209,000 in March, according to a report released Wednesday by the payroll processing firm ADP. That's in line with expectations for the monthly jobs report due out Friday.
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