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Top 3 Business Stories of the Day

Jury selection began on Tuesday in the trial of Mathew Martoma, a former portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, who is accused of engaging in the most lucrative insider trading scheme in U.S. history. Court officials handed questionnaires to 80 potential jurors to determine their suitability to sit for more than three weeks in the high-profile trial in a federal court in New York. JetBlue Airways Corp is one company in particular that has been affected by the harsh US weather. Flight delays related to the sub-zero temperatures forced the airline to stop all scheduled flights from New York and Boston until later this morning. JetBlue missed more than half of its 900 scheduled flights yesterday and more than a quarter were canceled today. Southwest Airlines Co. also suspended all service from Chicago yesterday. Both airlines’ share prices recovered slightly this morning after dropping considerably yesterday. Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke's tenure as chairman, confronting her with different decisions as well. Bernanke's eight years leading the Fed were largely consumed with the Great Recession and his efforts to cure it by pushing down interest rates and pumping cash into the economy. Many economists, like Mark Thoma of the University of Oregon, think Yellen's big challenge will be deciding how to ease off some of those very policies, which Bernanke took with Yellen's support.

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