The former crack dealer is now selling weaves. "Just like crack, you don't need a weave," Rick says. "It takes advantage of people's ignorance, I guess you could say. But there's a lot of stuff people don't need, and still we consume it."

One of the proposals put forward by the president aims to address an issue we discussed in our recent story about patent litigation. The president wants to make it easier for companies being sued to find the real owner or "ultimate parent entity" of a patent.

The companies who calculate your credit score are watching.

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Microcredit has been held up as one of the most promising ways to help poor people. A new paper looks at a microcredit program three years out and finds results that don't live up to expectations.

On today's show: Three short stories from the far flung shores of New Zealand, Ireland and New Jersey.

Crumbs Bake Shop's stock price hit a high of more than $13 a share after its IPO in 2011, but it's been on a steady decline since then. Yesterday, the company's share price hit a new low of $1.29 a share.

If you have a CD or book you don't want anymore, you can sell it. The law says that's perfectly legal. But what about an MP3 or an e-book? Can you legally resell your digital goods?

When Hurricane Sandy struck, it devastated businesses all over New York City. One area hit particularly hard was Coney Island. We thought many businesses there were doomed after the storm, but now 5 months later, we return and find things shockingly normal.

ReDigi wants to be the digital version of a used record store. A judge in New York says what they are doing is copyright infringement.

In 1995, Samsung's chairman set more than 100,000 phones on fire in front of his employees. The message was clear: make better quality or "I'll come back and do the same thing."

A new Supreme Court ruling may provide a boost to a company that wants to be like a used record store for MP3s.

A bidding war for top students means less money for students who can't afford college on their own.

The next pope will be the spiritual leader of the world's Catholics. He will also be leading a multibillion-dollar empire that faces some challenges.

The industry underwent a massive change 30 years ago. Since then, airlines have lost some $60 billion. Some are still trying to adapt.

While all airlines have faced higher fuel costs and lower demand in the last decade, the problem for legacy carriers, like American, comes down to cost control. Legacy airlines costs are much higher — as much as 50 percent higher, according to economist Severin Borenstein.

Prosecutors are expected to drop charges today against a cyclist who was pushed off his bike by a police officer during a Critical Mass bike ride in July.

Christopher Long was charged with attempted assault, resisting arrest and disorderly conduct. The arresting officer said Long had been weaving in and out ...

Bronx City Councilman Oliver Koppell says if Council Speaker Christine Quinn doesn't move on term limits, he'll to introduce a bill to change them.

Koppell says the current two term limit "robs the public of a choice," and he wants the city's elected officials to be able to serve three full ...

State regulators have approved a deal to allow the construction of hundreds of new wind turbines throughout upstate New York.

Spanish energy conglomerate, Iberdrola has acquired Energy East, a Maine-based company, which provides electricity or natural gas to 1.7 million New Yorkers.

The Public Service Commission which approved the deal, originally opposed ...

Allies of Mayor Michael Bloomberg are hoping to renew a 2002 state law that gave the mayor control of the city's public schools. The law is set to expire next June.

The New York Times reports that the mayor's supporters have founded a group to raise money for television advertisements, lobbying ...