Business

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The editor-in-chief of Bloomberg News is apologizing. That's after admitting his reporters tracked how subscribers use the company's famous financial data terminals. The disclosure has caused an uproar in the financial services world. As NPR's David Folkenflik reports, the episode has roots both in Bloomberg's innovations in data management, and its corporate culture.

Four retailers who represent the largest purchasers of clothes produced in Bangladesh announced Monday that they have will help finance safety upgrades at apparel factories in the South Asia country after the collapse of a garment complex killed more than 1,000 workers.

The news comes as the death toll in the April 24 collapse of the eight-story Rana Plaza near Dhaka rose to at least 1,127, according to officials.

A San Francisco judge will decide this month whether to approve a settlement in a class-action lawsuit that could affect more than 70 million Facebook users. The $20 million deal would mark the end of a years-long battle over the social network's "Sponsored Stories" advertising.

But Facebook users' images could still appear in ads if they don't change their settings. And many users say the deal before the judge doesn't go far enough to protect their privacy.