Earlier this week, a Japanese company announced a $20 billion bid for a majority stake in Sprint-Nextel, America's third-largest mobile carrier. The deal was launched by the CEO of Softbank - an executive who says he has a 300-year business plan and who is fond of making investments his peers call crazy.
Lucy Craft has this profile.
LUCY CRAFT, BYLINE: In a society where conformity, conservatism and harmony are virtues, CEO Masayoshi Son breaks all the rules, says his biographer, Shinichi Sano.
A young Bangladeshi man has been charged with conspiring to blow up the Federal Reserve Bank in lower Manhattan. New York Police Commissioner Raymond Kelly commented on the arrest at a press conference last night.
RAYMOND KELLY: This individual came here for the purpose of doing a terrorist act.
Israel's newsstands are looking noticeably less crowded these days, as a crisis in the Israeli press threatens several of the country's oldest publications. Media experts in Israel say that market competition and a tendency to buy political influence through media ownership have crippled Israel's once-thriving newspaper market.
Watching a presidential campaign, it's easy to think that the nation is deeply divided over how to fix the economy. But when you talk to economists, it turns out they agree on an enormous number of issues.
So we brought together five economists from across the political spectrum and had them create their dream presidential candidate. Over the next few days, we'll have a series of stories on our economists' dream candidate. We start this morning with some changes to the tax code.
Former Maine Gov. Angus King is convinced that if the math works out he could be the power broker in the U.S. Senate, the independent candidate whose vote will break the political gridlock in Washington. But first he has some explaining to do.
Everywhere you look right now, it seems like American symphony orchestras are fighting for their lives — strikes, lockouts, bankruptcy. Perhaps the biggest example is the world-renowned Philadelphia Orchestra, which is just coming out of its own bankruptcy. Tonight, its new 37-year-old music director takes the podium as the venerable orchestra begins a reboot.
Scientists view climate change as one of the world's most pressing long-term problems. But the issue has barely surfaced in the U.S. presidential race. President Obama has taken steps to address climate change during his time in office. Republican challenger Mitt Romney would not make it a priority in his administration.
In fact, as Romney stood on the stage to accept his nomination at the Republican National Convention, he used global warming as a laugh line.
Behind the ephemeral "cloud" of cloud computing, the network we use for everything from checking our email to streamlining our health care system, there lies a very tangible and very big computer infrastructure.
In 1990, a bloodless revolution brought down the Communist government of Mongolia,and their memorials to communist heroes were destroyed or sold for scrap. But one remaining statue of Lenin is being sold at auction.