Business

Dow Jones Average Makes History, Closes Above 15,000

11:43am May 09, 2013

With treasury yields near historic lows, and cash and money markets yielding almost nothing, investors are putting their money in stocks. Analysts say the Federal Reserve's efforts to keep interest rates extremely low are a key driver.

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I Know I'm Supposed To Follow My Passion. But What If I Don't Have A Passion?

9:47am May 09, 2013

by Chana Joffe-Walt

A young college grad asks an economist for advice.

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Education

Perry's Vision For University Of Texas Criticized

6:08am May 09, 2013

There's a debate across the country over how well universities are preparing graduates for the real world, and whether colleges should operate more like businesses. That debate is particularly heated in Texas, where Gov. Rick Perry wants big changes at state colleges, including the flagship University of Texas.

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Environment

Shell Digs Deep To Tap Into Lucrative Oil, Gas Reserves

5:56am May 09, 2013

by Debbie Elliott

Royal Dutch Shell is pushing ahead with plans for the world's deepest offshore oil and gas production facility. It will be nearly two miles beneath the surface of the Gulf of Mexico, off the coast of Louisiana. It is testing the bounds of the oil and gas industry's capability to drill ever deeper.

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Federal employees demonstrate against the U.S. budget sequester, outside New York's Federal Plaza on Tuesday.

Furloughs Only The Latest Blow To Federal Worker Morale

5:51am May 09, 2013

by Yuki Noguchi

Government work was once synonymous with job security and stability. But these days furloughs, pay freezes and threats of further cuts are fomenting discontent. Some federal employees also say that public criticism of the federal government is also taking a toll.

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Nearly Three Years After Dodd-Frank, Reforms Happen Slowly

3:06pm May 08, 2013

The Wall Street Reform and Consumer Protection Act was a sweeping legislative package designed to prevent another financial collapse. Journalist Gary Rivlin says passing the bill was just a first step in a long road to real reform, and the financial system is as vulnerable to disaster it was in 2008.

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This 12-story building in Shanghai's northern suburb of Gaoqiao allegedly houses a Chinese military-led hacking group.

U.S. Turns Up Heat On Costly Commercial Cybertheft In China

1:04pm May 08, 2013

by Tom Gjelten

U.S. official displeasure has grown over the problem of Chinese cyber-espionage. The Obama administration has signaled that it will step up the investigation and prosecution of trade-secret theft and has not ruled out punitive measures.

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Inspiration For Marge Simpson Passes Away

11:04am May 07, 2013

Margaret Groening died last month at the age of 94. Her son Matt Groening created The Simpsons, which is now the longest-running scripted TV show ever.

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Portugal Struggles To Avoid 2nd Bailout

11:04am May 07, 2013

by Lauren Frayer

Portugal's creditors are evaluating the country's latest austerity package, which includes 30,000 public sector layoffs, to determine whether Lisbon might need a second international bailout. The Portuguese government is raising the retirement age and lengthening work weeks to try to squeeze out more revenue, and repay its bailout loans.

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The Senate on Monday approved a bill to allow states to collect sales taxes from online retailers. Proponents say sellers will get help navigating tax collection, but many retailers says complying will be burdensome and opens the door for unforeseen probl

Some Net Retailers Aren't Buying Online Sales Tax Proposal

9:00pm May 06, 2013

by Yuki Noguchi

Proponents of the bill, currently before Congress, say collecting taxes from online sales should be relatively simple for retailers. But with close to 10,000 tax jurisdictions around the country, some online businesses say collecting the taxes and navigating potential problems will be a costly burden.

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