Google is looking for the Fountain of Youth in its latest expansion. The ambitious quest to reverse the aging process and extend human life will be pursued by a new company called Calico that is being financed by Google. Calico will be run by former Google board member Arthur Levinson, best known as the ex-CEO of biotechnology pioneer Genentech. Levinson will remain chairman at Apple and Genentech while he runs Calico.
Nancy Gibbs, 53, was named the managing editor of Time Magazine this week, becoming the first woman to become the top editor at the newsweekly in its 90-year history. Gibbs, who started her career at Time as a fact-checker 28 years ago, is replacing Richard Stengel, who is leaving to work for the State Department after seven years in the job.
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U.S. builders started work in August on the most single-family homes since February, the Commerce Department said Wednesday. At a seasonally adjusted rate of 628,000 starts, it was a rise of 7 percent. Builders also sought 627,000 permits to construct future single-family homes, 3 percent more than July and the best pace since May 2008.