Microsoft CEO Steve Ballmer announced he will be stepping down soon, so Microsoft must find a replacement. Without Bill Gates, or Ballmer, and with a changing tech landscape -- Microsoft needs to look at someone with experience in mobile and innovative computing. Also, why didn't NASDAQ have a backup system to prevent yesterday's hiatus? And finally, Ben Affleck is the new Batman. The world gives the casting choice a big thumbs down.
The tech-heavy trading on the Nasdaq stock exchange was halted by technical glitch. That means investors were unable to exchange the shares of more than 3,000 U.S. companies including Google, Apple and Microsoft. Its the latest problem in a series of mistakes and errors for the U.S. securities trading business. President Obama spoke about college affordability and what his administration is planning to do to lower costs for an education -- but what does a college degree actually cost?
Four billion people in the world lack Internet access. Facebook and a group of tech giants have launched an initiative to sign more of them up for Internet access. The project -- and goal -- is philanthropic, yes. But could more Internet users mean more Facebook accounts? The White House is facing pressure to pay its unpaid interns, to allow more students from lower-income backgrounds to apply. But who are White House interns anway?
Besides direct financial aid that the U.S. provides Egypt, the U.S. military also helps educate Egyptian military officers. On the other hand, the Egyptian military spends a lot of the money it gets from the U.S. on military contracts with American firms, such as General Dynamics and Lockheed Martin. Also, social networking site LinkedIn lowered its sign up age to 14 and will start trying to work with college students and high-schoolers to start networking. And most importantly: Isn’t LinkedIn for parents?
JPMorgan Chase is facing six federal investigations or lawsuits, making it in line to unseat Bank of America as the bank with the most legal problems. Plus, Merck has pulled, at least temporarily, a supplement widely used to bulk up cattle at feedlots. The supplement became popular as the cost of feed rose and now eliminating this and similar supplements would shrink the country’s meat supply and possibly raise prices. Finally, the upheaval in Egypt is terrible for the Egyptian economy. Businesses can’t operate and foreign companies are running in the other direction.
The death toll in Egypt keeps mounting. What's it like trying to run a business in the midst of all the chaos? In the U.S., there's confusion about Obamacare and how it will work. That's giving scammers an opportunity. Why are more women taking unpaid internships? It's a "major" issue. Our Weekly Wrappers break down the latest new from Wall Street. Also, this weekend, FOX launches two cable sports channels it hopes will bring down ESPN. Will it work? Host Kai Ryssdal checks in from Sioux Falls, S.D., as part of the latest in our "American Futures" series. And would you buy a wine with the label, "For dummies?"