Businessweek

News - Global Economics

• Who Lost the Euro?

  The single currency was supposed to create a common European identity—which is why it was doomed from the start

• What a Return to the Drachma Really Looks Like

  Import costs would skyrocket while borrowing would be almost impossible

• Greek Exit Could Trigger a Run on European Banks

  A Greek withdrawal from the euro "would be a Pandora's box"

• Voices From Greece: 'We Can All Go to Hell Together'

  Six residents of Athens share their views on the Greek crisis

• In Athens, Fear, Loathing, and Plenty of Parking

  As prospects dim, professionals look for a way out

• Greece's Brain Drain Has Begun

  Yanis Varoufakis, the celebrity economist who warned of default, can't afford to stay. Neither can many of his fellow academics

• Bloomberg View: Germany's Banks Must Assist in Europe's Cleanup

  Note to Angela Merkel: Your banks have been bailed out, too

News - Companies & Industries

• Remaking J.C. Penney Without Coupons

  Former Apple Store chief Ron Johnson is trying to wean J.C. Penney shoppers from discounts. It's not going well

• Ferrari's F70, an Eco-Friendly Supercar

  The Italian automaker and others are adding hybrid technology to elite cars

• CEO Commencement Wisdom 2012

  Top executives at Google, General Motors, and other companies offer advice to college graduates

• Canceled TV Shows Get a Digital Afterlife

  Netflix and DirecTV are snapping up programs the networks nixed, a strategy that could also appeal to YouTube, Apple, and Yahoo

• Briefs

  Daunting airfares for summer travelers; PetroChina looks to expand in the Americas; and more

News - Politics & Policy

• Do Britons Need Mayors?

  Prime Minister David Cameron wants to give people the power to elect their city leader

• Romney's Experts, Whose Advice He Ignores

  Counsel from Romney's economic team is often ignored, continuing a long tradition of election-year politics

• Lobbying to Become Lobbyists for Crowdfunding

  New "trade associations" pop up to represent crowdfunding sites

• Twitter, Facebook Join the List of In-Car Distractions

  New cars feature access to Twitter, Facebook, and Google on the road

• Campaign Spending: Obama vs. Romney

  Comparing campaign spending on pizza, office supplies, and more

News - Technology

• The Challenge of Classing Up Go Daddy

  Under private equity, the domain-name hub aims to be less controversial and more profitable

• Colleges Woo Tech Millionaires-in-Waiting

  Schools cultivate ties with startups before they're big successes

• 'Likejacking': Spammers Hit Social Media

  "Social spam can be a lot more effective than e-mail spam," says a security software executive

• What Facebook Will Get Out of Gift-Giving App Karma

  The $80 million acquisition is a way to increase revenue—and a bet on the impending disruption of a multibillion-dollar industry

• David Holz's Leap Motion Wants to Kill the Mouse

  The 23-year-old's startup aims to change the way people interact with computers

News - Markets & Finance

• Playing the Facebook Blame Game

  Morgan Stanley is the target of anger over the disappointing IPO

• Geeks on a Plane Search for Startups

  Dave McClure's traveling venture capital show scours the world for promising startups

• Now You Can Trade Black Sea Wheat

  CME Group opens its first futures contract on an Eastern European crop

• Bidding Wars Are Back for Los Angeles Luxury Homes

  Investors help boost prices in wealthy areas such as Brentwood, Beverly Hills, and Bel Air

• Bid & Ask: The Deals of the Week

  SAP snaps up Ariba to add to its cloud computing offerings; Formula One races to go public in Singapore; and more

• Charlie Rose Talks to Donald Gogel

  The CEO of private equity heavyweight Clayton Dubilier & Rice pushes back against the Obama campaign's attacks on Mitt Romney's career at Bain