Drone developers in upstate New York and other regions are striving to be named official testing sites for drones as the FAA creates regulations for their use. They hope to emerge as the Silicon Valleys of unmanned aerial systems, attracting billions of dollars and thousands of jobs.
Several big retailers say the return of the full payroll tax is causing consumers to curtail spending, but so far the evidence is mostly anecdotal. Some analysts argue a variety of factors, and not any specific policy, contributed to slower growth in consumer spending in January.
The long-awaited BP trial opened Monday in New Orleans. The oil giant is in court to determine how much it should pay because of the massive 2010 Gulf of Mexico oil spill. Audie Cornish talks to Jeff Brady.
Hail causes about $1 billion in damage to U.S. property and crops each year. Insurers would like to minimize those losses. That's where the Insurance Institute for Business and Home Safety comes in. Earlier this month, the Institute created a full-scale hailstorm inside a laboratory. The idea is to study why the damage can be so bad.
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