Who Wears Short Shorts?
Hemlines are on the rise this summer. The Wall Street Journal spotted the trend, pointing out that inseams have gone from about 15 inches to more like seven.
Business
Online Sales Taxes Shift Consumer Behavior, Study Shows
Some states have enacted so-called Amazon taxes, forcing the giant online retailer to collect sales taxes the same way traditional stores do. In those states, Amazon's sales fell about 10 percent.
Astronaut's Video Taken Down After Copyright Expires
Astronaut Chris Hadfield covered David Bowie's "Space Oddity" while he was in space. In the copyright agreement, Bowie said the YouTube video could stay up a year. The year ended at midnight.
Housing Regulator Has Big Plans In Store For Two Mortgage Titans
A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded.
Companies Face Backlash Over Foreign Mergers To Avoid U.S. Taxes
Pfizer, the giant drugmaker, is the latest American company seeking a foreign merger to elude U.S. taxes. Public advocacy groups call such deals unfair and want Congress to crack down.
From B-Boys To Billions, A Brief History Of Hip-Hop As Business
Apple is expected to buy Beats Electronics for more than three billion dollars, meaning Beats co-founder Dr. Dre would be close to becoming the first hip-hop billionaire.
Facebook Looking To Open A Sales Office In Beijing
The office could open even though Facebook was banned in China five years ago, according to Bloomberg News. A new office would service Chinese businesses wanting to advertise internationally.
For Geithner, Financial Crisis Was Like Landing A Burning Plane
Former Treasury Secretary Timothy Geithner received mixed reviews of his performance during the financial crisis. In his new book, he says he did what was required to "keep the lights on."
This Week Is Screen-Free Week,
Kids and parents around the world made pledges to stop using TVs, tablets, computers and video games.
Apple Expected To Buy Beats Electronics
The deal is worth more than $3 billion, according to the Financial Times. The headphone maker and music streaming distributor was founded by hip-hop star Dr. Dre and record producer Jimmy Iovine.