The city is rallying around its famous newspaper, the Times-Picayune, as it goes through layoffs and publication cutbacks. The public outcry is escalating, with the upper echelon of the city's political, business and cultural leaders pleading with the paper's owners to reconsider.
The online service for short-term rentals in private homes known as Airbnb got a boost when it was featured at the recent Apple conference. But the company has also drawn in attention in cities like San Francisco, where legal concerns over everything from liability and safety to upset landlords have led to scrutiny. Audie Cornish speaks with Fast Company reporter Austin Carr about what Airbnb is up against.
Jurors in the insider trading case of Rajat Gupta heard closing arguments on Wednesday. Gupta is the former head of McKinsey and Company, and a close associate of Raj Rajaratnam, the hedge fund manager who was convicted of insider trading last year.
Melissa Block talks with New York Times banking reporter Jessica Silver-Greenberg. They discuss JPMorgan Chase CEO Jamie Dimon, and his ties to Washington. Dimon testified on Capitol Hill Wednesday that he could not defend the hedging strategy that resulted in a multibillion dollar trading loss in May.
The Internet Corporation for Assigned Names and Numbers — or ICANN — announced Wednesday which companies or entities have applied to administer top level domains like ".google" or potentially ".drink." Some say it has implications for consumers because it could increase potential for Internet fraud.
Using additional Federal Reserve data, White House officials on the president's National Economic Council argued that while household net worth fell before President Obama took office, it has risen since then and he bears some of the credit.
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