Business

Eli Lilly To Lay Off 30 Percent Of U.S. Sales Force

11:25am April 12, 2013

The Indianapolis-based pharmaceutical company announced on Thursday that about 1,000 sales representatives will lose their jobs. The Wall Street Journal reports the company made the move to cut costs so it can better compete with generic drug makers.

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Burger King CEO To Run Heinz

10:55am April 12, 2013

Bernardo Hees, 43, has been wearing the Burger King crown since 2010 when the fast food chain was bought by 3G Capital. Earlier this year, 3G Capital bought Heinz for $23 billion.

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Texas Contractors Say Playing By The Rules Doesn't Pay

8:35pm April 11, 2013

by Wade Goodwyn

With a large labor force willing to work for low wages, construction may appear to be a lucrative field for contractors in Texas. But prices have been driven so low that many say they can't compete if they play by the rules. Instead, some misclassify their workers or turn a blind eye to undocumented laborers.

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Passersby watch share prices spike in Tokyo on April 4, the day Japan's central bank announced a massive purchase of government bonds. The bank hopes the scale of the effort will boost Japan's slow-moving economy.

Japan's Big Stimulus Move Shocks Globe's Market Watchers

5:49pm April 11, 2013

by John Ydstie

Few expected the Bank of Japan's program to buy up government bonds to dwarf the Federal Reserve's similar effort in the U.S. Japan's stock market has soared and the yen's value tumbled. Thus far, the move is boosting exports, but is also making Asian competitors nervous.

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A company called ReDigi wants to help you sell digital music you no longer want.

Music & Culture

Whose MP3s Are They, Anyway?

3:50pm April 11, 2013

by Caitlin Kenney

If you have a CD or book you don't want anymore, you can sell it. The law says that's perfectly legal. But what about an MP3 or an e-book? Can you legally resell your digital goods?

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World News

Venezuela's Next Leader Faces Tough Choice On Oil Program

10:59am April 11, 2013

by Tom Gjelten

During his presidency, Hugo Chavez gave Venezuelan consumers cheap gasoline. He propped up the Cuban regime, and he offered oil on preferential terms to 18 regional countries. But Chavez died before he had to confront the economic and political problems certain to plague his successor.

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Louvre Shuts Down For 1 Day Over Pickpockets

10:59am April 11, 2013

Workers at the Louvre in Paris say the pickpockets who operate inside the galleries have become increasingly aggressive. More than 100 employees stopped working Wednesday in protest.

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Court: Exxon Mobil Guilty In N.H. Contamination Suit

6:09pm April 10, 2013

by Sam Evans Brown

Exxon Mobil has been ordered to pay more than $200 million to clean up groundwater contaminated with the gasoline additive known as MTBE. New Hampshire won the lawsuit in state court. Exxon argues the federal government approved MTBE to reduce air pollution and should be blamed for the consequences.

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How The Latest Budget Could Affect You

2:51pm April 10, 2013

President Obama unveiled his fifth annual budget proposal to Congress Wednesday, offering a mix of tax increases and spending cuts. The newest changes include cuts to Medicare and Social Security benefits. Across the country, some are only beginning to feel the affects of sequestration.

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Some Public Defenders Warn: 'We Have Nothing Left To Cut'

7:20am April 10, 2013

by Carrie Johnson

Around the country, budget cuts are bringing some federal public defenders to the breaking point. "We can't not pay the rent, and ... everything else is personnel. We can't send a computer to court," says Washington, D.C., public defender A.J. Kramer.

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