Tesla Motors CEO Elon Musk foresees a half-price Model S sedan in three years. Would a $31,000 pricetag motivate you to go electric? | (Photo: David Paul Morris/Bloomberg)

Google is facing a new antitrust probe by the FTC into whether the company is using its leadership in the online display-advertising market to illegally curb competition. | (Photo: John G. Mabanglo/EPA)

Rent at Manhattan’s Stuyvesant Town will jump by $920 to $4,220 a month in July in a bid for investors to break even. | (Photo: Daniel Acker/Bloomberg)

In a major address on counterterrorism, President Obama said he will give the U.S. military the lead authority for using drone strikes to kill terrorists and lift a moratorium on transferring prisoners at Guantanamo Bay to other countries. | (Photo: U.S. Navy via Getty Images)

50 acres of waterfront in Greenwich, Connecticut recently hit the market at $190 million, becoming the most expensive listing in the U.S. | (Photo: Zillow)

Goldman Sachs is now linking bonuses and promotions to employees’ success in protecting the firm’s reputation. | Photo: Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs (David Paul Morris/Bloomberg)

Shootings in Chicago cost the city $2.5 billion per year, or $2,500 per family. | (Photo: Daniel Acker/Bloomberg)

California's adult-film industry, which employs 10,000 people and adds more than $1 billion to the local economy, is threatening to move production if a bill requiring condom use becomes law. (Photo: Patrick T. Fallon/Bloomberg)

Apple CEO Tim Cook told Congress that Apple pays a 30.5% tax rate, but based on public filings, the company pays just under 14% of its income in taxes worldwide. | (Photo: David Paul Morris/Bloomberg)

Fed Chairman Ben Bernanke signals little appetite for reducing stimulus without “real and sustainable” progress in reducing unemployment. | (Photo: Andrew Harrer/Bloomberg)

U.S. jobless claims fell more than forecast last week, from 363,000 to 340,000. | (Photo: David Paul Morris/Bloomberg)

BREAKING: U.S. jobless claims fall 23,000 to 340,000.

U.S. executives are sitting on record $1.73 trillion in cash during the slow-growth economy. |Piles Up as U.S. CEOs Play Safe With Slow-Growth Economywww.bloomberg.comAny lament that U.S. executives are sitting on a record $1.73 trillion at their companies instead of investing in plants and equipment may be about to get louder.

More than 2,200 farmers in India committed suicide in the past four years, as water loss and drought drove them deeper into debt. | (Photo: Sanjit Das/Bloomberg)

Leaders from both parties reported a net worth in the millions of dollars as the Senate released personal financial reports for its members. Sen. Marco Rubio reported a possible negative worth, with debts up to $1 million. | (Photo: Chip Somodevilla/Getty Images)Senate Leaders Millionaires in Financial-Disclosure Datawww.bloomberg.comSenate Majority Leader Harry Reid and Minority Leader Mitch McConnell both reported their net worth in the millions of dollars as the U.S. Senate today released personal financial disclosure reports for its members.

Tumblr's CEO, a 26-year-old high-school dropout, is pocketing $209 million from Yahoo's acquisition of the blogging site. | (Photo: Tumblr)

Anthony Weiner, the former U.S. congressman who resigned two years ago over lewd online behavior and became the butt of late-night television jokes, said he’s joining the race for mayor of New York. | (Photo: Mario Tama/Getty Images)

Google joins Apple in avoiding billions in taxes with stateless incomes. |

A first-edition copy of “Harry Potter and the Philosopher’s Stone” with handwritten notes by author J.K. Rowling sold for $228,000 at a charity auction in London. | (Photo: Sotheby's via Bloomberg)

Lois Lerner, the mid-level IRS official at the center of a controversy over treatment of Tea Party groups, invoked her right not to testify. | (Photo: AP)

Fed Chairman Ben Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and that raising interest rates too soon would endanger the recovery. | (Photo: Andrew Harrer/Bloomberg)

The FBI shot and killed a man being interviewed in connection with the bombing of the Boston Marathon finish line. | (Photo: AP)

BREAKING: U.S. preexisting home sales rose 0.6% in April to a three-year high.

Tesla Motors will become the first automaker to repay an Energy Department loan for electric car manufacturers, returning its $465 million loan nine years early. | (Photo: Tesla)

At a congressional hearing focused on the $102 billion in assets that Apple stores in offshore entities, CEO Tim Cook said, “We pay all the taxes we owe -- every single dollar." | (Photo: Andrew Harrer/Bloomberg)

Diminishing faith in gold is spurring investors to sell record amounts of the metal, but demand for platinum has boosted holdings 31%. | (Photo: Kerem Uzel/Bloomberg)

Microsoft unveiled its first new Xbox in almost eight years, seeking to position the console at the center of games and home entertainment. The Xbox One will use voice commands and motion sensing to let users switch seamlessly between games, live TV and Skype. | (Photo: Ariel Zambelich via Bloomberg)

Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain. | (Photo: Jock Fistick/Bloomberg)

Billionaire John Malone is the largest private landowner in the U.S. Now, he’s expanding his reach to Ireland with the $10 million Humewood Castle. | Photo: Overseas buyers accounted for nine of the ten biggest sales of Irish country mansions last year after the real estate crash (Sherry Fitzgerald via Bloomberg)

Apple’s iPhone lost ground to Samsung and Google’s Motorola in consumer satisfaction. Is the iPhone over? | (Photo: Tomohiro Ohsumi/Bloomberg)

Bloomberg News is sponsoring Internet Week New York, an event that celebrates the crossroads of where business, culture and technology meet with four days of keynotes, conferences, panel discussions, networking events, and hands-on learning in an interactive classroom. |A Pass - Internet Week New Yorkinternetweekny.comInternet Week New York is a festival celebrating NYC's thriving Internet industry & community.

BREAKING: JPMorgan shareholders vote to keep Jamie Dimon as Chairman/CEO

Apple used loopholes to avoid paying $9 billion in taxes in 2012, U.S. Senator Carl Levin said. | (Photo: David Paul Morris/Bloomberg)

Apple CEO Tim Cook is going somewhere his predecessor never ventured: the witness table at a congressional hearing on Capitol Hill. | (Photo: David Paul Morris/Bloomberg)

A mother's quick-thinking saved her five-year-old as over a dozen children remain missing at an elementary school in Moore, Oklahoma. |Action Saved 5-Year-Old as Tornado Bore Down on Schoolwww.bloomberg.comAs the mile-wide tornado carved a path of destruction toward Moore, Oklahoma, Henry De La Cruz said his wife drove to Plaza Towers Elementary School to pick up their 5-year-old daughter, Isabelle.

Apple has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes, congressional investigators say. | (Photo: How Hwee Young/EPA)

Boeing’s 787 Dreamliner cleared another hurdle in restoring its image as United resumed flights today after the jet’s lithium-ion battery flaws forced a three-month grounding. Would you feel safe flying in one? | (Photo: Tomohiro Ohsumi/Bloomberg)

Tumblr's CEO, a 26-year-old high-school dropout, signed a note announcing Yahoo’s $1.1 billion acquisition with the salutation, “F--- yeah.” | (Photo: Jennifer S. Altman/Bloomberg)

Silicon Valley companies are pulling the plug on desk phones in favor of mobile devices -- which means your work day may never end. | (Photo: Kohei Hara/Getty Images)

The nomination of Chicago billionaire Penny Pritzker marks the second time this year that President Obama has put forth a cabinet nominee with offshore accounts. | (Photo: Andrew Harrer/Bloomberg)

White, male, Chairmen/CEOs -- the common link among the top five shareholders deciding Jamie Dimon's fate. | (Photo: Chris Ratcliffe/Bloomberg)

Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sells holdings and Goldman Sachs predicted more declines. | (Photo: Simon Dawson/Bloomberg)

An Aston Martin DB4 set an auction record of $4.85 million for the “James Bond” maker in a weekend sale as even wrecks found in barns sold for above-estimate prices. | (Photo: Drew Phillips/Bloomberg)

North Korea fired its sixth missile in three days, demonstrating its military capabilities in defiance of global sanctions and diplomatic efforts to convince the totalitarian state to return to talks. | (Photo: Chung Sung-Jun/Getty Images)

Order up: GrubHub and Seamless have agreed to combine their companies to take on rivals in the growing market for online meal orders. | (Photo: Seamless)

Yahoo to buy Tumblr for $1.1 billion in CEO Marissa Mayer's biggest acquisition yet. | bloom.bg/12OMfUJYahoo’s Mayer to Buy Tumblr for $1.1 Billion in Biggest Deal Yetwww.bloomberg.comYahoo! Inc. is buying blogging network Tumblr Inc. for about $1.1 billion as Chief Executive Officer Marissa Mayer seeks to lure users and advertisers with her priciest acquisition to date.

BREAKING: Yahoo to buy Tumblr for $1.1 billion.

Fashion models are almost twice as likely to get visas as computer programmers. | (Photo: Giuseppe Aresu/Bloomberg)

Generation X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects. |X Has New Reason to Resent Boomers as Retirement Looks Bleakwww.bloomberg.comGeneration X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects, according to a study.

Gold continues its fall, capping the longest slump in more than four years, as the dollar jumped to a 34-month high. | (Photo: Carla Gottgens/Bloomberg)