World / Business
Investors sue Facebook, advisers as scrutiny of IPO hype intensifies
May 23, 2012 08:45 
washingtonpost.com
It was just the kind of information that could make you a million. But you couldn’t find it on Facebook or, for that matter, anywhere else on the Internet. In mid-May, as the social-networking company prepared for a public sale of its stock, an...
World
Business
Vallejo, Calif., once bankrupt, is now a model for cities in an age of austerity
May 23, 2012 07:33
washingtonpost.com
VALLEJO, CALIF. — The first couple of years were ugly. After this working-class port city became the largest in America to declare bankruptcy in 2008, crime and prostitution surged as the police force was thinned by 40 percent. Firehouses were...
World
Business
Leonsis, Case use Revolution Fund to invest in Echo360
May 23, 2012 06:54
washingtonpost.com
Washington entrepreneurs Ted Leonsis and Steve Case have made another major investment with their $450 million Revolution Growth fund, acquiring a big stake in Echo360, a Dulles-based software maker that converts college classroom lectures...
World
Business
Uninspiring by design
May 23, 2012 06:13
washingtonpost.com
Last week I was looking at a pile of smartphones I’d recently been given to review. The devices were virtually indistinguishable from one another. Slab after slab, no keyboards, no color. Just black blocks with shiny touch screens, maybe a few...
World
Business
Dodd-Frank is hard to understand, and that’s why it has so many enemies
May 23, 2012 04:17
washingtonpost.com
While Mitt Romney was speaking at the U.S. Chamber of Commerce on Wednesday, chamber members from across the country descended on Capitol Hill to tell Congress to get the government off their backs. Mitch Stebal, for one, was prepared to give Sen....
World
Business
The health insurance plans, they are a-changing
May 23, 2012 03:18
washingtonpost.com
Health insurance plans will have to beef up on benefits if they want to stay in business under Obamacare, according to a new study out Wednesday afternoon from Health Affairs. The health overhaul law mandates a wave of new requirements all...
World
Business
Google cleared of Oracle patent infringement
May 23, 2012 01:43
washingtonpost.com
A California jury has ruled that Google is cleared of infringement on any patents owned by Oracle in the company’s trial to determine whether or not the search giant improperly used Java APIs while developing Android. Read full article ...
World
Business
CFTC investigates JPMorgan loss, argues against derivatives loophole abroad
May 22, 2012 11:33
washingtonpost.com
The Commodity Futures Trading Commission is investigating the recent multibillion-dollar trading loss at JPMorgan Chase, the agency’s head told lawmakers Tuesday. Gary Gensler, chairman of the commission, cited the losses incurred at a JPMorgan...
World
Business
Consumer agency to target prepaid cards
May 22, 2012 11:15
washingtonpost.com
The new federal consumer watchdog agency is considering drafting new rules governing transparency and safety in the rapidly growing market for prepaid cards. Consumer Financial Protection Bureau Director Richard Cordray said the cards have fewer...
World
Business
What austerity looks like around the world
May 22, 2012 10:40
washingtonpost.com
We’ve noted before that most countries in Europe are engaged in austerity — defined as some mix of spending cuts and tax increases. But what’s the actual mix? Here’s one helpful graph from the OECD’s latest Economic Outlook. It shows the...
World
Business
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