Shuttle’s End Leaves NASA a Pension Bill

By MARY WILLIAMS WALSH

NASA is planning to spend about half a billion dollars next year to replenish the pension fund of United Space Alliance, which supplies workers to the space shuttle program.

Jim Grossmann/NASA

In March, United Space Alliance technicians in Florida removed an engine from the shuttle Discovery, preparing it for retirement.

Banks Turn to Schumer on Patents

By EDWARD WYATT

Senator Charles E. Schumer inserted into a bill a provision that appears aimed at helping banks address a costly problem with a patented system for processing digital copies of checks.

DealBook

Britain Backs Higher Capital Rules for Banks

By JULIA WERDIGIER

Britain's government is supporting a proposal that would require banks to hold more capital and partly shield retail operations from investment banking.

Moody's to Review French Banks Over Greece Exposure

By MATTHEW SALTMARSH 7:57 AM ET

Moody’s cited “concerns” about the exposure of BNP Paribas, Société Générale and Crédit Agricole to the Greek economy.

Mario Draghi Holds E.C.B. Line Against Restructuring for Greece

Regulators Move to Delay Swaps Crackdown and Bolster Banks

By REUTERS

U.S. regulators threw a temporary bridge across the increasingly awkward gap between the idea of regulating the $600 trillion swaps market and the reality of actually doing it.

Stocks Rally Peters Out as Greeks Protest

By THE ASSOCIATED PRESS 7:19 AM ET

Global stocks fell over worries over the economic recovery, while the euro dropped sharply on rising concerns over Greece’s debt crisis.

Canada Suspends Mail Delivery After Strikes

By IAN AUSTEN 13 minutes ago

Canada Post shut down urban postal service after locking out 48,000 unionized workers, saying 12 days of strikes had cost it about 100 million Canadian dollars.

Government Will Try to End Strike at Air Canada

Workers at a Wal-Mart in Lancaster, Calif., have been organizing to push for better pay and conditions from the retailer.

Wal-Mart Workers Try the Nonunion Route

By STEVEN GREENHOUSE

After failed attempts to unionize Wal-Mart stores, the nation’s main union for retail workers decided to help create a nonunion group that has signed up thousands of members.

A Slowdown for Small Businesses

By CATHERINE RAMPELL

A trade group’s report says more small companies plan to shrink their work forces than expand them in the coming months.

A metal workshop in Mumbai. India's industrial output growth dipped in April as credit costs and inflation braked the economy.

As India’s Growth Slows, Leaders Face Political Headwinds

By HEATHER TIMMONS and LYDIA POLGREEN

Government decision-making has been paralyzed by corruption scandals just as economists say a strong hand is needed to curb rising inflation and slowing growth.

Ron Johnson has gotten widespread credit for being the mastermind of Apple’s hugely successful retail strategy.

Apple Stores Chief to Take the Helm at J.C. Penney

By STEPHANIE CLIFFORD and MIGUEL HELFT

J.C. Penney hopes that Ron Johnson, a man who rethought how to sell computers, can also rethink how to sell clothes, cosmetics and accessories.

DealBook: Ackman Scores Big With Penney's Latest Hire

DealBook

A music analyst at Pandora internet radio.

Pandora Prices Its I.P.O. at $16 a Share

By EVELYN M. RUSLI

The demand for Pandora underscores the market's heady exuberance for consumer Internet companies.

To Be Good Citizens, Report Says, Companies Should Just Focus on Bottom Line

By STEPHANIE STROM

Company efforts like social responsibility programs do not have as much positive social impact as hiring more workers, a new paper says.

Insight & Analysis

Economic Scene

Cutting the Deficit, Adding Jobs

By DAVID LEONHARDT

Both parties have reason to compromise on the debt talks under way as the economy shows signs of stumbling.

Economix Blog

The Misunderstood Mortgage Interest Deduction

By CASEY B. MULLIGAN 6:00 AM ET

For every borrower who can deduct home-mortgage interest payments from taxable income there's a lender who reports interest income, an economist reminds us.

Advertising

GolinHarris, the public relations agency, built a room in its New York office where employees can monitor traditional and social media.

Account Executive Is Antiquated. Consider Yourself a Catalyst.

By STUART ELLIOTT

The public relations agency GolinHarris is reorganizing its operations and its titles to adjust to changing consumer behavior.

You’re the Boss Blog

Did Wells Fargo Answer Your Lending Questions?

By ROBB MANDELBAUM 7:00 AM ET

Small-business lenders respond to questions from readers of You're the Boss.

DealBook

After Years Without Change, Cracks Appear in I.P.O. Process

By STEVEN M. DAVIDOFF

The underwriting process provides a vetting process and steady guidance for companies that want to go public, but in a heated market, the flaws in the system become more apparent.

Economix Blog

Can We Afford the Military Budget?

By BRUCE BARTLETT

While many nations have cut military spending since the end of the Cold War, the United States has scarcely done so -- and now needs to rethink its military priorities, an economist writes.

You’re the Boss Blog

Why We Don't Usually Look for Experience When We Hire

By TOM SZAKY

More often than not, I find that those who come with experience and credentials have set ways; they don't bring as much energy or out-of-the-box thinking as the untrained junior staff.