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.
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.
And today's last word in business is an appetite for "The Hunger Games." Apparently a lot of people spent part of their weekend at the movie theater watching Katniss Everdeen run through the woods. The adventure film collected $155 million at box offices this weekend. That's the most ever for a film that is not a sequel.
Speaking of sequels, "Hunger Games" producers must be liking their odds in the future. They already have a sequel in the works. It is scheduled to start filming this fall.