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Updated: 1 hour 49 min ago

Iconic Toy Store FAO Schwarz Closes 5th Avenue Doors

Wed, 07/15/2015 - 3:32pm

The legendary toy store will close its doors Wednesday for the last time on New York City's 5th Avenue. The store's owner, Toys "R" Us, says rent is too high to stay but plans to reopen in Manhattan.

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Greek Parliament Debates Austerity Measures In Bailout Deal

Wed, 07/15/2015 - 3:32pm

The Greek parliament debates the latest bailout deal in Athens Wednesday. It must approve a range of new laws for the bailout to proceed, but there is strong opposition to it within the ruling party.

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Greece's Parliament Poised To Vote On Austerity Measures

Wed, 07/15/2015 - 1:02pm

The agreement struck this week with the country's creditors is expected to pass with support from the opposition, but the vote is tearing apart the ruling left-wing Syriza party.

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Medicine, Law, Business: Which Grad Students Borrow The Most?

Wed, 07/15/2015 - 11:04am

Future doctors and lawyers borrow a lot. Future professors, not so much.

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Lots Of Other Countries Mandate Paid Leave. Why Not The U.S.?

Wed, 07/15/2015 - 10:47am

Hillary Clinton, Bernie Sanders and President Obama are fond of pointing out that the U.S. stands nearly alone in not giving its workers paid leave. Here's how it got that way.

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3 Emerging Themes From #RaceOnTech

Wed, 07/15/2015 - 9:46am

This week, our #RaceOnTech discussion has turned up some common themes regarding diversity in the science and technology fields: the role of identity, the the wealth gap and the importance of mentors.

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Malware And Hacking Forum Darkode Is Shut Down; Dozens Arrested

Wed, 07/15/2015 - 9:43am

Those indicted include an accused administrator who created a large network of hacked computers that stole private data "on approximately 200,000,000 occasions."

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Report: Mergers Have Cut Airline Competition At Many Airports, Raising Fares

Wed, 07/15/2015 - 4:08am

An AP investigation has found that the fewer the airlines that serve an airport, the costlier its flights are. Recent mergers have cut the number of major U.S. air carriers from nine to four.

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Some Greeks Are Finding Opportunity Amid Their Economy's Uncertainty

Wed, 07/15/2015 - 4:08am

In Greece, not all the smart, young people are leaving. Some are using the crisis as an opportunity to start a new business — including one woman who want to make trucking in Greece more efficient.

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Hey Yogurt-Maker, Where'd You Get Those Microbes?

Wed, 07/15/2015 - 4:08am

Making yogurt requires bacteria — but which strains of bacteria? There are dozens to choose from, and that choice affects yogurt's tartness and texture.

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Walmart Challenges Amazon 'Prime Day' With Rival Sale

Tue, 07/14/2015 - 3:31pm

It might be the middle of July, but retailers are staging a Black Friday style event on Wednesday. At midnight, Amazon will offer its Prime members — people who pay $99 a year — thousands of items at discounted prices for one day. But Walmart is punching back.

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New Exhibit Laces Together Sneakers And History

Tue, 07/14/2015 - 3:31pm

From high-heeled kicks to Air Jordans, a traveling exhibit from the Brooklyn Museum encourages us to look at everyday footwear as exquisite objects of desire, and see "sneakerheads" as the historians.

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Is Transparency The Music Industry's Next Battle?

Tue, 07/14/2015 - 9:10am

A report on the music industry from Berklee College of Music offers recommendations for ensuring that royalties make it to their rightful owners.

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New Student Loans For A New For-Profit Education Sector

Tue, 07/14/2015 - 6:03am

Financing options are multiplying for "coder bootcamps" — small, immersive schools that turn out software developers in weeks rather than years.

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After Tense Negotiations For Bailout, Will Greek Parliament Fall In Line?

Tue, 07/14/2015 - 4:01am

The parliament starts debate Tuesday on the new bailout plan agreed to over the weekend with eurozone countries. Given the concessions Greece agreed to, it's likely to be a very stormy session.

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As Big 3 Automakers Begin Union Talks, Both Sides Say Profit Is Job 1

Tue, 07/14/2015 - 4:01am

GM and the UAW kicked off contract talks Monday; Chrysler and Ford will do the same this month. Negotiations are never easy, but since industry bailouts in 2009, there's a stronger push to cooperate.

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Tired Of Greek Reruns? Understandable, But A New Season Is Beginning

Mon, 07/13/2015 - 4:33pm

Greece, buried under debt, is begging for its third bailout. Europeans are willing to help, but only if Greece can prove that this time will be different. Investors are betting this time, it will be.

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Shrinking Paychecks: Hillary Clinton Takes On 2016's Toughest Economic Question

Mon, 07/13/2015 - 4:03pm

The defining economic question for candidates this cycle could be how (or even whether) to deal with unstoppable forces like ride-hailing company Uber and global trade.

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Nintendo CEO Iwata: 'In My Heart I Am A Gamer'

Mon, 07/13/2015 - 3:42pm

Satoru Iwata, who helped Nintendo innovate and launch its revolutionary Wii game console, has died. His business card summed him up this way: "I run a game company, in my heart I am a gamer."

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Fiat Chrysler Eyes GM For An Unlikely Merger

Mon, 07/13/2015 - 3:42pm

The auto industry does need to consolidate to keep up with investor expectations and growing expenses, but the merger might be too big a risk for GM, which already has a lot going for it.

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