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Business Day

Thursday, March 1, 2012 Last Update: 2:00 PM ET

Prices typically rise about 20 cents in the summer, and a major disruption in oil supplies could add another 50 cents a gallon, analysts say.

An American helicopter and destroyer, right, patrol in the Strait of Hormuz. The ship at the left is an oil tanker.
Hassan Ammar/Associated Press

An American helicopter and destroyer, right, patrol in the Strait of Hormuz. The ship at the left is an oil tanker.

Automakers Report Sales Gains, Despite Rising Gas Prices

All three Detroit carmakers beat analysts’ expectations, as did Nissan, which reported a 16 percent sales increase.

DealBook

Officials Rule No Payout on Greek Swaps

The International Swaps and Derivatives Association said on Thursday that based on current evidence the Greek bailout would not prompt payments on the credit-default swaps.

Unemployment and Inflation Rise in Euro Zone

The jobless rate in the 17 euro nations rose in January to 10.7 percent from 10.6 percent in December, reaching the highest level since the introduction of the euro in 1999, new data showed.

Bits Blog

Et Tu, Google? Android Apps Can Also Secretly Copy Photos

It’s not just Apple. Android apps do not need permission to access a user’s photos, and as long as an app has the right to access the Internet, it can copy those photos to a remote server without any notice, according to developers and mobile security experts.

Helped by Springlike Weather, Retail Sales Beat Estimates

Led by two stores for teenagers, the Buckle and Zumiez, a measure of retail sales increased 4.7 percent last month.

Still Differences but Less Steam as Bernanke Testifies

Ben S. Bernanke, the Federal Reserve chairman, had one of his shortest and least contentious appearances on Capitol Hill since the recession started five years ago.

U.S. Jobless Claims Remain at 4-Year Low

The number of people seeking unemployment benefits fell slightly last week, a further sign that the United States job market is improving. Also, incomes rose 0.3 percent.

For Impatient Web Users, an Eye Blink Is Just Too Long to Wait

The tech industry is doubling down on efforts to speed up the Web as people refuse to wait even 250 milliseconds for a page to load.

Turnaround King Tries to Convince Investors He Hasn’t Lost a Step

Wilbur L. Ross Jr. provided some indication of the future of his firm, W. L. Ross, in a letter to investors, but, like many aging business titans, the line of succession has been a looming question.

Smartphones Have Led, and Desktops Will Follow

In their new operating systems, Windows 8 and Mountain Lion, Microsoft and Apple are heading up the effort to make computers more like mobile devices.

Insight & Analysis

Gadgetwise Blog

An Advance in Camera Tech, With Drawbacks

A new camera called a Lytro allows photographers to take a picture first, then refocus the digital image afterward.

High & Low Finance

Parsing Rick Santorum’s Tax-Cut Proposals

The presidential candidate would cut taxes for almost everybody and everything — except, it seems, for single mothers, soldiers and municipal bonds.

Video: Business Day Live | March 1, 2012

What $5-a-gallon gas prices could mean for the economy; a curious interpretation related to Greece's bailout; the technology industry's need for speed on the Web.

Economix Blog

Republicans and Fiscal Responsibility

For more than 30 years, Republicans have misrepresented to the public how tax cuts contributed to the soaring deficit, an economist writes.

Pogue’s Posts Blog

A First Look at Windows 8 Beta

Microsoft has made a test version of its new Windows 8 operating system software available to the public.

You’re the Boss Blog

Taking Money Out of the Company

Am I better off taking a bonus? Or should I pay myself back for the loans I have made to the company?

A Special Section: Continuing Education

Paycheck 101

With the unemployment rate still high, colleges are tailoring their continuing-education programs to suit current and future job openings.

You're The Boss
Introducing Make Your Pitch

Are you ready to tell potential investors, employees and customers about your new venture? Make a video and send it to us.

The iEconomy

Articles in this series are examining challenges posed by increasingly globalized high-tech industries.

News Videos From CNBC
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Mar 1 2:15 PM EST
Bernanke's U.S. View
Mar 1 1:08 PM EST
Can Apple Stock Reach $1000?
Mar 1 12:59 PM EST
Trade the Euro?
Mar 1 12:59 PM EST
Gold Bounces Back After Selloff
Mar 1 12:55 PM EST
Putting Money to Work in Russia
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