• The United States has seen a recent spike in the popularity of the Southern favorite — fried chicken. The variations of the once simple dish are making their way north, even to upscale restaurants in Manhattan and Boston, according to the Wall Street Journal.
• The American mink fur business used to be small, but it has now gone global with the rising popularity of fur among Chinese women. Sapphire and black pelts are considered especially fashionable this season, according to Bloomberg.
• After a long courtroom battle with retailer Macy’s over rights to Martha Stewart products, J.C. Penny has decided it no longer wants to carry the designer’s home goods. CEO Mike Ullman says Stewart’s designs aren’t selling well, according to CNBC.
• JPMorgan Chase & Co., the largest bank in the United States, announced to colleges last week that it will stop new college loans this coming October. The change is further evidence of the growing concern over the student debt bubble, according to CNBC.
• The FDA is looking to put out new regulations on electronic cigarettes within the next month. The decision came after a government study saw a sharp increase in e-cigarettes among adolescents, according to the Wall Street Journal.
• Tokyo, Japan was selected as the site for the 2020 Summer Olympic games. The hope is that the selection will help Japan to pull out of struggles from both a slow economy and recent natural disasters, according to the New York Times.
• Apple Inc. is, in a long anticipated deal, planning to send both the new high-end iPhone as well as the less expensive iPhone to China. China Mobile Ltd. is the largest mobile network carrier in the world, according to the Wall Street Journal.
• Carl Ichan announced on Monday that he will not make any further attempts to block the buyout and privatization of Dell Inc. The activist investor, owning 9 percent of the company, had claimed that the deal offered by Michael Dell and private equity firm Silver Lake was too cheap, according to the Wall Street Journal.
