In Tech, Starting Up By Failing
Every entrepreneur hopes to start the next big thing. But sometimes the first try doesn't go as planned.
Bradford Shellhammer remembers the exact moment he realized his fledgling Web start-up, Fabulis, a review site and social network geared toward gay men, was a flop. Last November, he and Jason Goldberg, one of his co-founders, flew to London, expecting to hold a festive party for their users there. Instead they found themselves among a sparse crowd at a tacky club in Soho, listening to an off-key singer doing show tunes and being served overpriced drinks by shirtless bartenders.

Citigroup Earnings Fall Short of Expectations
Despite signs of life on Main Street, Wall Street is still struggling.
That dichotomy was evident on Tuesday, when Citigroup reported fourth-quarter results that fell far short of what analysts were forecasting, despite a pickup in lending and a drop in losses on bad loans.

Industry Weighs Effect of Ship Accident
Shares of the Carnival Corporation, the world's largest cruise ship operator, fell 14 percent on Tuesday as analysts and investors sought to gauge the effect of the grounding of Carnival's Costa Concordia after days of continual images and videos of the listing ship.

Jerry Yang, 'Chief Yahoo,' Steps Down From Board
Jerry Yang has left Yahoo, the stumbling Internet company he co-founded 17 years ago, the company announced Tuesday.