Royal Dutch Shell can't pay the $1 billion it owes Iran because of sanctions imposed on the Middle East country by the United States and European Union. The sanctions have made it nearly impossible to transfer the money. Reuters reports that Shell is trying to wrap up its business dealings with Iran.
A selection committee in Hong Kong has chosen a former Cabinet chief as the southern Chinese financial hubs next leader. The voters were handpicked by Beijing. Leung Chun-ying's term will start in July.
Steelcase, the world's largest office furniture maker, is celebrating 100 years in business. But sales of the metal filing cabinets Steelcase is named for are declining - same with cubicles and other large pieces of office furniture.
LINDSEY SMITH, BYLINE: So, as Michigan Radio's Lindsey Smith reports, Steelcase says it's changing its identity.
And today's last word in business is an appetite for "The Hunger Games." Apparently a lot of people spent part of their weekend at the movie theater watching Katniss Everdeen run through the woods. The adventure film collected $155 million at box offices this weekend. That's the most ever for a film that is not a sequel.
Speaking of sequels, "Hunger Games" producers must be liking their odds in the future. They already have a sequel in the works. It is scheduled to start filming this fall.
Today the U.S. Supreme Court begins hearing oral arguments on the president's health care law. Six hours of arguments will be spread over three days. The court rarely takes that much time for a case. There are only 400 seats available inside the court. Outside the court, people began lining up as early as last Friday to get what they think could be a front row seat to history. NPR's Sonari Glinton reports from the steps of the Supreme Court.
When the U.S. Supreme Court hears challenges to the Obama administration's health care law this week, the arguments will be complex, with questions about states' rights, mandatory insurance, and Medicaid.
To introduce those concepts — and to give the rest of us something to do while the court hears six hours of arguments — we offer a word search game. The grid below features many words you'll likely hear this week, as NPR's Nina Totenberg reports from the court.
In a busy New York subway station, a man serenades passersby with a beat-up guitar. A few of them look up from their BlackBerrys and toss a little change in his guitar case. It's a scene that plays out in subways and streets around the world.
The White House has made its choice for who should lead the World Bank. Jim Yong Kim is currently the president of Dartmouth University. He's a physician and a global health expert and something of a surprise to people who've been watching this process.
Here is President Obama at the White House this morning.