Washington - The Slate Group, a Web publishing unit of The Washington Post that produces the online magazine Slate, said on Monday that it has launched a new business site called The Big Money. The company said that the site will cover the intersection of business and a variety of areas including technology, green initiatives, media, fashion and food. James Ledbetter Jr., the former deputy managing editor of CNN Money, will serve as the site's editor, with Elinor Shields, former managing editor of The Huffington Post, serving as deputy editor.

Washington - The Washington Post Company said that it has launched The Slate Group, a new online publishing entity that will oversee Slate Magazine, Slate V, TheRoot.com and The Big Money, a business site launching later this year.