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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: business

business stories: 194 news summaries

181 - 194 of 194 Stories | << Prev 1 ... 6 7 8 9 10

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Stocks Swing on CEO House Size

Apr 13, 07 1:55 PM CDT
(Newser) - Don't buy stock in a company whose CEO lives in a huge house, a new study says.  CEOs who move into regular-sized digs —5,600 square feet for the typical company head — see their company's stock jump an average 6% the following year. Those who go palatial... More »

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investing • stock market • executive compensation • business • stocks • finance • shares

Sweetheart Deal May Sink Wolfowitz

World Bank staff boos his apology for pushing girlfriend's promotion

Apr 13, 07 6:41 AM CDT
(Newser) - World Bank president Paul Wolfowitz faced mounting pressure to resign last night as details emerged over his role in ordering a promotion and pay raise for an employee with whom he is romantically involved. Wolfowitz apologized at a press conference and again to a gathering of bank staff members, where... More »

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World Bank • Paul Wolfowitz • business • bank • scandal • Iraq war

Citigroup Cuts 17,000 Jobs

Investors demanded downsizing; now the pressure's on raising revenue

Apr 12, 07 9:47 AM CDT
(Newser) - Citigroup will cut 17,000 jobs in an attempt to close the gap between its revenue, up 7% last year, and its expenses, up 15%. The two-year cost-cutting plan comes after shareholders demanded major changes, but analysts agree that lowering expenses is only the first step. Upping revenue is the... More »

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Citigroup • layoffs • cost cutting • business • finance

Nasdaq Options Philly Mart

Eyes exchanges options business

Apr 11, 07 3:59 PM CDT
(Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the... More »

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stock market • London • NASDAQ • Philadelphia Stock Exchange • merger • business • stocks • finance • London Stock Exchange • Philadelphia

Advertisers Won't Get
It on eBay

Stations opt out of TV-ad auction site

Apr 6, 07 9:34 AM CDT
(Newser) - Cable networks are boycotting eBay's experiment in auctioning television airtime to ad houses, in a decision that could ground its nascent spin-off site. The networks protest that Online Media Exchange, which eBay claimed would reduce inefficiency, doesn't account for today's complex targeting and multimedia promotional packages. More »

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television • Google • eBay • cable TV • business • auction • Online Media Exchange • Dish Network • advertisements

Big Oil Shut Out
Of Iraq Deals

First new oil contracts go to China, India—even Vietnam and Indonesia

Apr 6, 07 8:24 AM CDT
(Newser) - U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive Iraqi sentiment. "They have... More »

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Iraq • China • oil • Indonesia • Vietnam • India • Iraq oil • Exxon • Shell • Chevron • BP • business • United States • ExxonMobil • fuel

Kerkorian Offers $4.5 Billion
For Chrysler

Dumped his shares last time around; now is ready with cash

Apr 5, 07 4:18 PM CDT
(Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it... More »

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Chrysler • United Auto Workers • Kirk Kerkorian • Tracinda • Daimler • business • DaimlerBenz • shares • auto industry • cars

Tax Code Spurs Llamapalooza

The upper crust is using alpaca farming as a huge tax write-off

Apr 5, 07 9:29 AM CDT
(Newser) - Some very ulikely agrarians—doctors, lawyers, computer programmers—have spurred a huge boom in alpaca farming in the last few years, not for the profits, of which there are rarely any, but for the huge tax write-offs. "What can't I write off?" Manhattanite Rob Bruce says. "I write... More »

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taxes • farming • business • money • finance • alpaca • write off • income

Small Towns to Chain Stores:
Let Us Shop!

Little places lure big retailers at annual shopping convention

Apr 4, 07 4:24 PM CDT
(Newser) - Small towns and exurbs are bending over backwards to woo national retail chains, Governing magazine reports from the International Council of Shopping Centers' convention. Phalanxes of city reps descend on the dizzingly massive—and cutthroat—annual spring conference in Vegas, attempting to raise their profile and land a Pottery Barn... More »

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retail • Starbucks • International Council of Shopping Centers • shopping • consumer • economics • business • growth • retail shopping

DaimlerChrysler Wants Divorce

Detroit legend's fate may be decided in a German boardroom -- but tk can't seem to get out of first gear

Apr 4, 07 4:22 PM CDT
(Newser) - DaimlerChrysler is trying to unload its clunky Detroit half, its CEO (and occasional company mascot) Dieter Zetsche confirmed at a shareholder's meeting today. The news, which comes after nearly two months of eager speculation, was a relief to frustrated German shareholders, who have long seen Chrysler as a drag on... More »

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private equity • Chrysler • health care costs • Blackstone Group • DaimlerChrysler • Dieter Zetsche • Cerberus Capital Management • Magna International Inc. • Detroit • business

Feds Sue Tax
Preparers for Fraud

Apr 4, 07 11:45 AM CDT
(Newser) - Tax preparers Jackson Hewitt have bilked the government out of more than $70 million, alleges a suit filed yesterday by the Justice Department. The suit claims that over 125 of the company's franchises, all owned at least in part by the same Atlanta businessman, engaged in massive tax fraud. More »

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Department of Justice • fraud • Jackson Hewitt • taxes • IRS • income tax • business • money • franchise

Tribune Saddled With Daunting Debt

New owner must repay $12 billion
with declining revenues

Apr 4, 07 8:53 AM CDT
(Newser) - Sam Zell 's bid for the Tribune Co. beat back his well-heeled rivals, but it saddled an already struggling enterprise with over $12 billion in debt. Now the Wall Street Journal wonders how he expects to pay it back. The likely annual interest fees alone will reach $1 billion, only... More »

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Internet • newspaper • Sam Zell • Chicago • news • business

Financial Action Flees
to London

Goldman Sachs is now doing as much business abroad as on Wall Street

Mar 20, 07 7:24 AM CDT
(Newser) - Wall Street’s position as the center of the financial universe—unchallenged for more than a century—is under serious threat from the City of London, according to John Gapper. London is catching up with Gotham in bond trading, already ahead in derivatives and the place to be for really... More »

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investing • international trade • Wall Street • London • New York City • Goldman Sachs • business • finance

The Super-Rich
Are Rewriting Hollywood Rules

So rich, that is, that  they don't need the studios to distribute their films

Mar 12, 07 1:49 PM CDT
(Newser) - A new breed of Hollywood players—so rich they don't need studio money—are   financing and releasing slates of small-budget films on their own. Producers like Sam Nazarian, a 31-year-old scion of a wealthy Persian family, and self-made billionaire Sidney Kimmel, 78, are shouldering the costs of a full... More »

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entertainment • ultra rich • Hollywood • Sam Nazarian • Sidney Kimmel • independent film • Tom Rosenberg • film • business • movies

181 - 194 of 194 Stories | << Prev 1 ... 6 7 8 9 10


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