Bangladesh at odds with Nobel winner YunusMuhammad Yunus, the Bangladeshi economist and Nobel Peace Prize winner who pioneered tiny loans for village entrepreneurs as a way to fight poverty, has been forced out of the bank he founded, the government-appointed chairman of the Bangladesh Bank said Wednesday. But Grameen Bank said in a statement that Yunus was "continuing his office" while it sought legal advice. It is the latest skirmish in a battle to diminish the influence of Yunus, 70, who briefly floated a political party in 2007 and had criticized Bangladesh's politicians as corrupt.
NYTimes.com is closer to charging for accessThe New York Times Co. reiterated Wednesday that it will soon charge for access to its Web content. "The pay model for NYTimes.com is in the final testing phase, and we expect it will launch shortly," the company said in a prepared statement. The company gave no details of what the cost of access would be, or whether all the site's content would be behind a pay wall.
Boeing puts off improvements to its 777Boeing Co., shifting focus on its next new aircraft, is now leaning toward developing a successor to its best-selling 737 single-aisle jet before making improvements to the wide-body 777. A new plane probably would be wider than the 737 and seat about 150 to 220 people, said Mike Bair.
Beige Book: Economy somewhat improvedThe Federal Reserve said the labor market improved "modestly" throughout the country early this year, driven by rising retail sales and "solid growth" in manufacturing. All 12 regional districts reported "some degree of improvement," the Fed said Wednesday in its Beige Book report.
Walgreens answers higher need for TamifluWith seasonal influenza widespread in more than 40 states, Walgreen Co. said it has begun "compounding" Tamiflu to keep liquid forms of the antiviral drug in adequate supply. A spike in demand for the liquid form, largely prescribed to children, has triggered a shortage.
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