In recent days, media attention has been focused on companies that are asking prospective employees to provide login information for Facebook and Twitter accounts. Now a U.S. senator is promising action if it's not determined to be illegal.
In a tight market, job seekers are willing to jump through hoops to obtain employment. Recently, reports of employers asking candidates for their social media log-in information have raised questions about access, privacy, and the transparency of the internet age.
In what was a highly anticipated announcement, Apple announced that it would be reducing — or at least stemming the growth — in its cash accounts by doing what most investment experts said they would do: issue a regular dividend and buy back shares. Some of Apple's fans had hoped for a big move, like purchasing a company or unveiling some new product.
An investigation by Rob Schmitz at Marketplace concluded that the claims Mike Daisey made in an episode of This American Life could not be true. This American Life made the decision to retract the program after confronting Daisey, who admitted to making up parts of his program.
Kickstarter, the crowd-funding platform that collects donations for creative projects of all kinds, contributed $67 million to arts projects in 2011. According a Kickstarter founder, the site is on track to distribute more money to the arts in 2012 than the National Endowment for the Arts.
This article was edited to reflect new information about Mike Daisey, the critic who star in The Agony and The Ecstasy of Steve Jobs.
Later this month, General Motors will temporarily stop production on its plug-in electric hybrid, the Chevy Volt. Sales of the vehicle have been below expectations and rather than start discounting the vehicle, General Motors will try to sell through inventory before restoring production.
Pavegen, a British company, says its designed a system to produce floor tiles that will take the energy produced by people walking and convert it into electricity. Now, the company is trying to figure out scaling, and how to make sure they're durable.
At Middlesex University in London, a senior design student has built a smartphone out of wood. He's ramping up efforts to get the product produced on a mass scale and hopes to launch it by the end of this year.