The short answer: Not much right away, although failing to pay creditors is never a good thing for a nation's creditworthiness
Coca-Cola’s North America president, Sandy Douglas, oversees a relaunch of America’s No. 1 soft drink
Four years after the Citizens United decision, out-of-state cash is flowing down to state races
Phony phone-bill items from third-party scammers date back almost 20 years
Yves Béhar's Public Office Landscape turns the workstation into a social hub
A Bluetooth-enabled sneaker from an India-based startup doubles as a fitness tracker and personal tour guide
Critics say the agency charged with keeping regulations from burdening small companies actually serves big corporate interests
Entrepreneur: Shanna Tellerman, 28
Funding: $3 million from funds that include SK Telecom Ventures and Levensohn Venture Partners
Begun in labs at Carnegie Mellon University, Sim Ops designs free, easy-to-use tools that help developers create 3D games and make money from them—for instance, by selling virtual goods such as weapons and outfits. The company, whose software was released in a Beta test a month ago, hopes to make money by sharing revenue generated by the developers who use it.
Lessons learned: "Investors are looking for capital-effective companies," Tellerman says. "You've got to be fast, hungry, and really lean, with fast time to revenue."