Initially conceived of as a stopgap measure until pipelines could be constructed, shipping crude by rail has become a permanent part of the nation's energy infrastructure as new pipelines hit headwinds and railroads reap expanding revenue.
In the wake of Malaysia Airlines Flight 370's disappearance more than six months ago, a satellite venture led by Iridium Communications is starting an initiative to provide free emergency flight-tracking of aircraft.
The scions of a number of wealthy families, including the sons of prominent Wall Street figures Howard Marks and Ken Moelis, have either recently launched hedge funds or plan to do so soon, according to people familiar with the matter.
Finance ministers from the world's biggest economies reaffirmed a pledge to sharply boost world growth through more infrastructure spending, amid demands for some participants—especially European countries—to do more.
Data-storage giant EMC, under pressure from a shareholder activist and faced with the expected retirement of longtime CEO Joe Tucci, is considering options that could include a merger deal with a rival.