Business Day

Thursday, February 17, 2011 Last Update: 8:20 PM ET

Apple Is Weighing A Cheaper iPhone

Contrary to some reports, Apple is not going to make the iPhone significantly smaller, people briefed on its plans said.

Customers waited in line to buy the latest iPhone at the flagship Apple store in New York in June.
Spencer Platt/Getty Images

Customers waited in line to buy the latest iPhone at the flagship Apple store in New York in June.

Skipping Over Rote in Indian Schools

A five-year-old project is trying to change how students are taught and tested in a country where rote memorization is the norm.

Judge Tells Government to Resume Permits for Drilling

A federal judge in New Orleans ordered the Obama administration to move quickly on permits for new deepwater oil wells in the Gulf of Mexico.

U.S. Consumer Prices Held in Check in January

Higher energy costs helped push up consumer prices in the United States, but the overall inflation level remained modest, the Labor Department reported.

Fed Chief Says U.S. Has Bolstered Its Ability to Handle Failure of a Big Bank

The financial system is better off than it was two years ago, and the central bank has learned the lessons of not providing rigorous enough oversight of banks, the Fed chief told a Senate panel.

DealBook

JPMorgan Gives Dimon $12 Million in Stock

The value of restricted stock grant is 50 percent higher than last year, but Jamie Dimon, JPMorgan Chase’s chief executive, can point to the bank’s earnings, which rose 48 percent in 2010.

DealBook

Citadel in Talks to Sell Itself

Citadel Broadcasting is in talks to sell itself to a smaller rival, Cumulus Media, for $37 a share in cash and stock after months of refusing to consider a deal.

Bits Blog

Silicon Valley Chiefs to Meet With Obama

Twelve Silicon Valley luminaries, including a few Republican-leaning executives, will dine with President Obama Thursday evening.

Digital Age Is Slow to Arrive in Rural America

Only 60 percent of rural American households use broadband Internet service, a government report says.

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DealBook

Nordstrom to Acquire Online Retailer HauteLook

Nordstrom, the department store chain, said Thursday that it would acquire HauteLook, an online retailer that offers "flash" discount sales on designer goods, for $180 million in stock.

Some Spanish Savings Banks Want More Time to Recover

The cajas, as they are known, are struggling to meet a government deadline to improve their balance sheets.

For Microsoft and Nokia, Difficult Choices After Smartphone Deal

Among the questions the companies face include where to build the factory that will make the new phones, which chips to use inside them and how to adapt their software and hardware.

Insight & Analysis

State of the Art

A Phone That’s the Life of a Laptop

The Atrix 4G phone from Motorola provides the brains for a laptop. It’s ingenious, fast and superbly designed. But nothing is perfect.

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DealBook

Long After Fall, Countrywide's Mozilo Defended His Legacy

Angelo Mozilo comes across as passionate defender of Countrywide Financial in testimony released recently by the government, remaining defiant of criticism that his company fed the subprime mortgage bubble.

Bucks Blog

What Could I.B.M.'s Watson Do for You?

I.B.M.'s supercomputer Watson probably knows where the beach balls are at Wal-Mart, what to do with the $3.99 skirt steak at the grocery store and many other things.

Economix Blog

The Gender Pay Gap by Industry

A chart from the Bureau of Labor Statistics.

DealBook

Viewpoints: The Relevancy of Exchanges

DealBook's Andrew Ross Sorkin speaks to Felix Salmon, finance blogger at Reuters, about whether the recent merger between Deutsche Borse and NYSE Euronext marks the impending death of exchanges.

DealBook

Weighing Madoff's Claims of Complicity

In his first interview for publication since his arrest in 2008, Bernard L. Madoff claims bankers and fund managers "had to know." But should we believe the orchestrator of a decades-long Ponzi scheme?

Economix Blog

Dumping Violence on the Poor

The war on drugs foments violence in poor countries and poor cities in the United States, an economist writes.

Bucks Blog

How to Save Money at the Car Dealership

A tip from Edmunds.com on saving money at the car dealership: Work with the Internet salesman.

You’re the Boss Blog

What Obama's Budget Means for the S.B.A.

Over all, the cuts are not as drastic as the administration may want to convey. Apparently there is more political mileage to be gained by emphasizing a willingness to cut budgets than a willingness to help small businesses.

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