James Murdoch is stepping down as chairman of British Sky Broadcasting. News Corp has long sought control of the profitable broadcaster. But the involvement of News Corp executives in the tabloid phone-hacking scandals has called into question the company's fitness to run BSkyB.
Public universities have been creating branch campuses for years — typically within 50 miles of the main campus. Private schools are building satellite campuses too, but in states far from home. It's a chance to expand their brand, bring new opportunities to students and grab a share of the lucrative market for graduate education.
Employment prospects for many of Europe's youth are bleak due to the debt crisis and austerity measures. That's not the case in Germany, which has Europe's lowest youth unemployment rate. Part of the reason is an on-the-job apprenticeship system that serves Germany's high-tech economy.
After prevailing in a grueling Lego build-off by replicating a Picasso sculpture, 23-year-old Andrew Johnson of Illinois is the newest — and youngest — person to earn the title master model builder. Which means he'll get paid to build things with Legos.
Silicon Valley has become a powerful economic engine, driven by tech-savvy entrepreneurs. But in simpler times, the area was known as the Valley of the Hearts Delight. And it took years to assemble the mix of talent, money and gumption to create America's startup hub.
The Panama Canal is getting its first major overhaul since it was opened nearly a century ago. The massive construction project will add a third channel that will permit many more ships, and much larger ones, to take the shortcut between the Pacific and Atlantic Oceans.
The housing sector turmoil scared a lot of people away from buying homes. Now, many people who can afford to buy are renting, sending rental prices soaring. In places such as New York City, they're near record highs.
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