Young entrepreneurs are revitalizing parts of the city, starting up businesses in what were once empty warehouses. They're creating buzz and enthusiasm. But in a city where the population is declining and the tax base is crumbling, there are doubts about how much impact their efforts will have.
Bloomberg News' Editor in Chief Matthew Winkler has apologized for the use by reporters of proprietary data about subscribers to the company's business terminals. The practice was entrenched in a newsroom that was carved out of the lucrative terminals leasing division.
Al Fritz, creator of the "Sting-Ray" bike for Schwinn, died last Tuesday at 88 in Barrington, Ill. His bike had a banana seat and high handlebars that curved like longhorns. It was a huge hit for Schwinn in the 1970s.
Three of the world's largest clothing chains, including H&M and the owner of the Zara chain, have agreed to pay for fire safety and building improvements in Bangladeshi factories. The announcement comes three weeks after a building collapse that killed more than 1,100 workers in Dhaka.
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