Royal Dutch Shell can't pay the $1 billion it owes Iran because of sanctions imposed on the Middle East country by the United States and European Union. The sanctions have made it nearly impossible to transfer the money. Reuters reports that Shell is trying to wrap up its business dealings with Iran.
A selection committee in Hong Kong has chosen a former Cabinet chief as the southern Chinese financial hubs next leader. The voters were handpicked by Beijing. Leung Chun-ying's term will start in July.
Only four teams remain in the NCAA men's basketball tournament: Kentucky, Louisville, Ohio State and Kansas. Kentucky already has seven national titles. Kansas has three championships, Louisville has two and Ohio State won its lone title in 1960.
Steelcase, the world's largest office furniture maker, is celebrating 100 years in business. But sales of the metal filing cabinets Steelcase is named for are declining - same with cubicles and other large pieces of office furniture.
LINDSEY SMITH, BYLINE: So, as Michigan Radio's Lindsey Smith reports, Steelcase says it's changing its identity.
In June of 2009, a committee met at the University of Wisconsin-Madison to do a routine safety review of proposed research projects.
One of those projects involved genetically modifying flu viruses. And during the review, the committee brought up the idea of "dual-use" research. "Dual use" means legitimate scientific work that's intended to advance science or medicine, but that also might be misused with the intent to do harm.