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  • The presidential palace will auction off 1,200 bottles of its finest wines — some worth almost $3,000. It hopes to raise more than $300,000
  • The company showed a profit of nearly $220 million for the quarter but it fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.
  • How much do you love your employer? Probably not as much as some employees at Rapid Realty of New York. Their boss offered a 15 percent raise to anyone willing to get a tattoo of the company logo. Forty people took him up on it.
  • Also: Claire Messud tears into an interviewer; a mashup of Marx and Cosmo; Joyce Carol Oates looks at Julian Barnes.
  • Known as "Mac Daddy," he teamed with Chris Smith ("Daddy Mac"). As kids in 1992, they scored big with "Jump." Later, they toured with Michael Jackson. Kelly was 34. The cause of death has not been determined, but investigators suspect a drug overdose.
  • Britain's National Trust created a list of "50 Things To Do Before You're 11 3/4." Things like climb a tree and cook on a campfire. Enough finished the 50, that the group used social media to gather more ideas for getting kids away from social media.
  • There were 324,000 first-time claims for unemployment insurance last week, down 18,000 from the previous week's 342,000. Numbers on April's unemployment rate and job growth are due to be released Friday.
  • The early favorite for Saturday’s Kentucky Derby is Orb at 7 to 2. Trained by Shug McGaughey, Orb drew post position number 16 Wednesday evening at…
  • Penny Pritzker, a Chicago business executive, is one of the nation's richest people. She raised hundreds of thousands of dollars for the president's campaigns. She also, Obama said Thursday, has "built companies from the ground up."
  • President Obama on Thursday nominated Penny Pritzker to run the Commerce Department. An heiress to the Hyatt hotel empire and one of Forbes' 300 richest Americans, she also served on the President's Economic Recovery Advisory Board. Obama also nominated a new U.S. Trade Representative. Michael Froman is a senior economic adviser to the president and a former Citigroup executive.
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