Business

Billionaire Saudi Prince Sues 'Forbes'

7:38am June 10, 2013

Saudi prince and conspicuous billionaire Alwaleed bin Talal is suing the magazine in a London court. In its annual list of the world's wealthiest people, Forbes estimates bin Talal's fortune at $20 billion. But the prince says the magazine publicly short changed him by nearly $10 billion.

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China Experiences Slow Economic Growth

7:36am June 10, 2013

Chinese exports grew by only 1 percent in May — the lowest rate in almost a year. Weak exports to the U.S. and Europe are the main culprits. And imports of the raw materials that fuel China's economy, such as copper and coal are also down.

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Flying machine patent drawing by W.F. Quinby, 1869.

When Patents Attack ... Part Two!

8:29pm June 07, 2013

In 2011, a company called Oasis Research sued more than a dozen tech companies it said were violating its patent for online data backup. Now that the litigation has ended, we get a rare look inside the world of patent lawsuits and find out just how much money was at stake.

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Jonathan Bush, co-founder, athenahealth, at Health Datapalooza IV, where he urged the government to release more data on health care quality and costs.

Datapalooza: A Concept, A Conference And A Movement

8:29pm June 07, 2013

by Eric Whitney

Entrepreneurs, investors and data geeks descended on Washington, D.C., in pursuit of better ways to make health information useful for consumers. They urged bureaucrats to set the health data free.

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Battered Jersey Shore Pins Recovery Hopes On Summer Season

12:37pm June 07, 2013

by Scott Gurian

Seven months after Hurricane Sandy slammed into the Jersey Shore, Asbury Park is still waiting for insurance and federal aid money. In the meantime, it borrowed $10 million to repair the waterfront in time for the critical Memorial Day weekend.

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Economy

U.S. Unemployment Rate Inched Up In May

9:37am June 07, 2013

The Labor Department on Friday reported a jobless rate of 7.6 percent as employers added 175,000 jobs and more people began to look for work last month. That's up from April's rate of 7.5 percent.

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Company Tries To Solve 'Hot Chocolate' Issue

8:02am June 07, 2013

The snack company Mondelez International says it's perfecting a process to make chocolate that won't melt — even in temperatures above 100 degrees. The Deerfield, Ill., company says this new innovation will help it sell chocolate in emerging markets with hot climates and limited refrigeration, like sub Saharan Africa.

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National

Intelligence Community Mines Phone Records, Internet Data

6:09am June 07, 2013

Over the past two days, there have been revelations about the way the National Security Agency is gathering information for intelligence. While details of both programs are still coming out, the data collection practice appears to be legal. But it could be the beginning of something new in the intelligence community. And that is, the use of data to find patterns analysts might have missed.

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National

Reports: NSA Mines Servers Of U.S. Internet Companies

6:01am June 07, 2013

News reports have revealed the National Security Agency is data-mining Internet and social media companies including Microsoft, Apple, Facebook and Google. According to reports, the agency is also collecting Verizon phone records of millions of U.S. citizens. For more, Renee Montagne talks to Glenn Greenwald, the reporter who co-wrote the stories for the British newspaper The Guardian.

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Ill. Assembly Called Back To Work On Pension Fund Shortfall

5:34am June 07, 2013

by David Schaper

Another credit agency is downgrading Illinois after its lawmakers ended their session without addressing the state's $100 billion pension liability crisis. Now, Gov. Pat Quinn is calling the General Assembly back into session.

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