Xerox is one of America's most venerable companies. Founded in 1906, its name is virtually synonymous with "photocopy."
But in recent years, in an era of email and paperless offices, Xerox has struggled to stay relevant. Today, the company is trying to turn itself around and thrive in the digital age.
Leading Xerox through that transformation is Ursula Burns, a woman who has undergone tremendous change in her own life. Burns, 53, grew up in New York City's Lower East Side, an area she has described as a tough, drug-infested ghetto.
Sanctions have not often worked to get governments to change their behavior, but Iran may prove to be an exception. The country depends on income from oil sales, and the oil sector is highly vulnerable to sanctions.
The United States has stopped buying Iranian oil, and the European Union is set to do so at the end of next month. There are sanctions on Iran's central bank and punishments for companies that help Iran ship its oil.
Jamie Webster, an oil market analyst at PFC Energy, says Iran's oil exports — normally about 2.5 million barrels a day — are in serious jeopardy.
European stock markets have rallied in anticipation of an informal summit of European Union leaders Wednesday in Brussels. A major policy pivot is expected to address the eurozone's debts and deficits crisis.
Up to now, European leaders have emphasized austerity, and that has cost some of them their jobs. The new approach is likely to focus on the same kind of growth President Obama has pursued in the United States — where Democrats and Republicans are drawing opposite conclusions from the euro crisis.
It's the climax of the hockey and basketball seasons, but both have potential playoff visibility problems. Let me explain.
OK, the NBA first. As you know, basketball is the most individualized, celebrity-ized team game. Like movie stars, the best players are known by their first names: LeBron, Kobe, Dirk. Every basketball superstar wants to take his talents to a hot-dog, big-time market. Or at least marry a Kardashian.
Amber Cooper and her husband were doing OK. They had jobs, a healthy 5-year-old son, a house in Riverbank, Calif., and health insurance from her job in the accounting department of a small manufacturing company.
Then one day everything changed.
"We were in a conference room ... and I had heard rumors but didn't know if it was true, and I started crying in front of everyone and actually had to excuse myself to gather myself together and go back in. It was devastating for me," Cooper said.