Former IMF Head Rato Is Arrested Over Tax Fraud Allegations In Spain
An influential figure in Spanish banking and politics, Rodrigo Rato was the predecessor of Dominique Strauss-Khan, who has also had extensive legal troubles.
Business
Bloomberg Terminals Go Dark For Hours, Sending Ripples Through Markets
The financial "screens" went dark for several hours during trading in London and Asia causing, among other disruptions, a delay in a British government debt issue.
When The World Bank Does More Harm Than Good
Large projects funded by the bank have left millions of poor people worse off, an investigation found. The bank says the vast majority of its projects don't fall into this category.
The Hidden FM Radio Inside Your Pocket, And Why You Can't Use It
Most smartphones have a built-in FM chip. But whether or not it's activated is in the hands of the mobile carriers, who profit when you stream radio. The broadcast industry is pushing to change this.
New Asian Development Bank Seen As Sign Of China's Growing Influence
China says 57 countries have signed on as members of the new Asian Infrastructure Investment Bank, but the U.S. is not among them. Some analysts say the bank is a sign of diminished U.S. power.
LA Schools To Apple: You Owe Us
The Los Angeles Unified School District wants Apple to pay up for poorly performing software on its iPads.
How AeroPress Fans Are Hacking Their Way To A Better Cup Of Coffee
Coffee aficionados say the simple, syringe-like device makes exceptional espresso and allows for countless variations on the perfect cup. Not surprising, given that its inventor is a serial tinkerer.
New York Investigates Retailers For Unpredictable Work Schedules
Retailers rely on systems that require workers to be ready to work a shift — whether or not they end up working. The state attorney general is looking into the way big retailers handle scheduling.
European Union Charges Google With Antitrust Violations
After a nearly five year investigation, European Union officials on Wednesday charged Google with antitrust violations and opened an investigation into its Android operating system.
Online Crafts Marketplace Etsy Prepares For Public Offering
Etsy — the company best known for selling handmade goods — is going public. The financial media is having a lot of fun with this IPO, even mocking it as "artisanal." But it's actually serious business. The company has grown steadily and is considered one of the more promising recent IPOs.