President Obama has nominated Stanley Fischer to be vice chairman of the Federal Reserve. Fischer trained outgoing Fed Chairman Ben Bernanke, and he spent much of the last decade running Israel's central bank. If confirmed, Fischer would take over the position being vacated by Janet Yellen, who was recently confirmed as Bernanke's successor.
Touting a rebound in manufacturing jobs, President Obama announced a public-private partnership to expand that momentum. He unveiled a manufacturing innovation institute in North Carolina, the first of three similar hubs he proposed in last year's State of the Union address. Though factory jobs are being added, economists say it's highly unlikely that manufacturing can become a significant source of future employment.
It isn't just Bitcoin. You can now choose from more than 70 virtual currencies, and people are using them partly because it could be a free way of transferring money online. Given more time and widespread use, that could change the playing field for companies like Western Union and banks.
In a deal worth some $16 billion, the Japanese beverage giant Suntory is buying Beam, the maker of Jim Beam bourbon and the owner of well-known American brands such as Maker's Mark. Industry leaders say it's a reflection of bourbon's exploding popularity in Asian markets, but some are wondering if the new owners will preserve bourbon's Kentucky heritage.
President Obama heads to Raleigh, N.C., and is expected to call on Congress to try again to extend federal unemployment benefits. Republicans blocked a Senate bill that would have restored the benefits that ended last month for 1.3 million Americans. In North Carolina, a state law has prevented people from getting the benefits since July 1.
The U.S. Court of Appeals for the D.C. Circuit has struck down a provision of the Federal Communications Commission's "Open Internet Rules." That provision allowed the FCC to regulate Internet service providers in much the same way it regulates phone service providers — requiring them to provide unrestricted service to all users.
The Minnesota Orchestra hasn't performed in its concert hall in Minneapolis in 488 days. The musicians and orchestra management have been locked in a bitter labor dispute. But on Tuesday, musicians agreed to a new contract ending the longest work stoppage for any symphony orchestra in U.S. history.
Gamemaker Tim Schafer revolutionized how to fund creative projects in his industry. He used funds from a Kickstarter campaign to raise money for an Internet game, bypassing corporate backing. His success influenced other gamers. And on Tuesday, the people who helped fund his project got to point-and-click their way through his new adventure.
Reports of white smoke from a battery compartment have temporarily grounded a Boeing 787 Dreamliner in Japan, nearly a year after all the new airliners were grounded due to a problem with batteries overheating. Tuesday's incident happened on an airliner at Tokyo's Narita Airport that had no passengers aboard.
The recent disclosure that large troves of customer information has been stolen from Target, and now Neiman Marcus, points to growing vulnerabilities in cybersecurity. Analysts and security experts say a more connected consumer and advanced hacking tools have increased the pervasiveness of retail data breaches.