Business Insider

businessinsider.com — Jewel Samad, AFP For years Anita Zhang's neighbors joked that if a tornado ever bore down on her Chinese restaurant, folks could take refuge in its roomy walk-in freezer. On Monday, Zhang got the chance to test their idea -- and to live to tell the tale -- when one of the most powerful and destructive twisters to hit the United States in recent years ripped through this Oklahoma City suburb.

businessinsider.com — Former Congressman Anthony Weiner officially threw his hat into the New York City mayoral race early Wednesday morning, but there are already signs that he will face a long, uphill climb in the campaign.

businessinsider.com — Rediff.com An Indian woman who lost her leg after she was thrown from a moving train two years ago has become the first female amputee to climb Everest, expedition organisers said Wednesday. Arunima Sinha, 26, from the northern state of Uttar Pradesh, reached the peak on Tuesday morning after a slow climb from Everest Base Camp.

businessinsider.com — The New York Times editorial board defended Fox News and blasted the Obama administration in the leak investigation involving Fox News reporter James Rosen. In an editorial entitled, "Another Chilling Leak Investigation," the Times editorial board wrote that the Obama administration's overreach in the case was nearly unprecedented.

businessinsider.com — Andrew Redington/Getty Images Sergio Garcia about to hold a press conference in England. He's expected to talk about the off-color fried chicken joke he made about Tiger Woods at an awards gala last night. Sergio already issued a apologetic statement. Tiger has responded as well, calling the remarks "hurtful."

businessinsider.com — CBS The Justice Department said late Tuesday that it never tried to obtain any information from CBS investigative reporter Sharyl Attkisson, who had said earlier on Tuesday that there had been an ongoing "intrusion" into her computers.

businessinsider.com — The analysts at Goldman Sachs have just published their latest Hedge Fund Trend Monitor report, which tracks the equity investments of the world's hedge funds. One thing is clear: hedge funds are struggling to keep up with the market.

businessinsider.com — We've all experienced it: The nasty bitter taste when you accidentally take a swig of orange juice after brushing your teeth. The next time your friends at brunch complain about this phenomena, get ready to drop some knowledge on them.

businessinsider.com — Reuters Heads up! Minutes away from Federal Reserve Chairman Ben Bernanke's testimony before the Joint Economic Committee of Congress, which begins at 10 AM ET. Likely topics of interest to market participants will be any comments from Bernanke surrounding tapering off of bond purchases, a prospect markets appear to be taking seriously in the past few weeks as government bonds have sold off and yields have risen.

businessinsider.com — Existing home sales for April are out at 10 a.m. ET. Economists polled by Bloomberg are looking for existing home sales to rise 1.4% month-over-month (MoM) to a rate of 4.99 million units. This compares to a 0.6% percent MoM fall in March in a rate of 4.92 million units.

businessinsider.com — The employment market being what it is for newly minted college graduates, Willadene Zedan would stand out at Saturday's commencement at Marian University in Fond du Lac, Wis., if only for the fact that she'll begin the job of her dreams just four days later: Accompanying a local doctor on house calls to the homebound elderly.

businessinsider.com — Richard Koo is the brilliant Nomura economist who developed the framework of a "balance sheet recession" to characterize periods where private enterprises seek to reduce debt, rendering monetary policy largely useless, and thus requiring aggressive fiscal stimulus. As such, Koo has not hopped on the Abenomics bandwagon, which places a heavy emphasis on the Bank of Japan engaging in stimulus.

businessinsider.com — Associated Press (Reuters) - A divided federal appeals court has revived a lawsuit against Electronic Arts Inc by a former Rutgers University star football quarterback, who accused it of using his image in a video game without permission. By a 2-1 vote, the 3rd U.S.

businessinsider.com — After years of premature declarations of the death of pay TV, it looks like it's actually starting to happen. In the last twelve months pay TV - cable, satellite, and fiber - lost 80,000 subscribers, according to Leichtman Research Group, via Janko Roettgers at GigaOm.

businessinsider.com — Lois Lerner, the official who oversaw the exempted organizations department of the IRS, was brought in front of Congress today in order to testify about her group's actions in unduly scrutinizing Tea Party-affiliated 501(c)4 groups. Lerner plead the Fifth Amendment, but claimed she was nonetheless innocent in an opening statement.