Sales of digital music surpass album sales
Digital music sales exceeded physical music sales for the first time ever last year. Digital sales, which have been increasing steadily and grew 8.4 percent in 2011, squeaked past physical album sales to total 50.3 percent of all music purchases.
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The business savvy of immigrants
Immigrants founded nearly half of the top start-ups in the U.S., according to a new study. Of the top 50 venture-backed companies today, 23 have at least one immigrant founder. Thirty-seven of the 50 companies employ an immigrant in a key management position, such as chief technology officer.
Reuters.com
The Kate Middleton Effect
Retailers are taking the Kate Middleton Effect to the bank. After the newest member of the British royal family was seen several times last year in dresses by British retailer Reiss, the company reported a near doubling of profits for 2011.
London Telegraph
China's luxury car market
China has become the world’s leading market for both Lamborghinis and Rolls-Royces. Wealthy Chinese bought more of the luxury car brands last year than anyone else in the world.
Los Angeles Times
A poor market for architecture majors
College students may want to think twice before studying architecture, according to a new study from Georgetown University. Unemployment for recent college graduates is highest among architecture majors, at nearly 14 percent, thanks to the collapse of the housing market.
The New York Times