Stock market has done the opposite of a melt-down this quarter, despite crises in Egypt, Libya, and Japan. Without gains in just two sectors, however, the stock market would be far less buoyant.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Moammar Gadhafi's forces hammered rebels with tanks and rockets, turning their rapid advance into a panicked retreat in an hourslong battle Tuesday. The fighting underscored the dilemma facing the U.S. and its allies in Libya: Rebels may be unable to oust Gadhafi militarily unless already contentious international airstrikes go even further in taking out his forces.
AP - A sweeping array of world powers called forcefully Tuesday for Moammar Gadhafi to step down as Libya's ruler. Some even hinted at secret talks on Gadhafi's exit.
AP - Radiation leaking into seawater from Japan's tsunami-damaged reactor complex reached its highest level yet Wednesday and the president of the plant's utility company was hospitalized, as setbacks accumulated in Japan's nuclear crisis.
The president of the embattled utility that owns the crippled Fukushima Daiichi nuclear plant has been hospitalized due to "fatigue and stress," the company said Wednesday.
Workers inside Japan's damaged nuclear power plant sleep in stairwells, eat twice a day and bathe with wet wipes. Still, one official says, spirits are not flagging.
Despite the heroic efforts of technicians and engineers battling to prevent a full nuclear meltdown at the quake-damaged Fukushima Daiichi plant, radioactive material is still seeping into the surroundings of the power station.