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Businesses who use virtual worlds need 3-D dress codes

(Newser) - With businesses increasingly making use of virtual worlds like Second Life for long-distance training and conferences, it’s important for employees to show a little discretion with their choice of avatar, warns a report from tech advisory firm Gartner. “Because 3-D environments add the visual dimension, they will need... More »

Drug Dealers: Experts in Recessionary Business

CEOs could learn a lot from hustlers

(Newser) - 50 Cent is the first rapper to pen a book of management advice. It’s a shame, then, that The 50th Law, co-written by Robert Greene, boils down to the worst kind of “be authentic” self-help boilerplate, writes Lucy Lucy Kellaway for the Financial Times. As a former drug... More »

How 50 Cent Built His Empire

Rapper made it to $150 million thanks to business tactics, not musical talent

(Newser) - Believe it or not, it might do you good to take some business advice from shot-nine-times rapper 50 Cent. After all, it was business savvy more than rap music that helped build his $150 million empire. Business Insider takes a look at how he did it:
  • His endorsement with Vitamin
... More »

Post-Lehman, 'Washington Is the New Wall Street'

Nation's political and financial capitals

(Newser) - For decades, more than just 228 miles separated Wall Street from Washington, as financiers cast a casual eye at government regulators. But a year after Lehman Brothers’ dramatic implosion, the nation’s financial and political capitals are forging a new, closer relationship that has some concerned, David Cho, Steven Mufson,... More »

Hold Music Improves, But Slowly

(Newser) - We may have Erik Satie to blame for hold music—the composer “developed a very cynical attitude” toward a distracted listening public and decided modern music would be more like a chair than an intellectual pursuit—but the science behind it is state-of-the-art, Newsweek reports. Studies on the intrusion... More »

Jacko Autopsy Results Under Wraps, Kids Get Biz Guardian

(Newser) - Michael Jackson's autopsy has been completed, but authorities won't release the results until after their investigation into his death has been completed, reports CNN. Detectives are investigating what role the anesthetic propofol—administered by Dr. Conrad Murphy—played in the singer's death, according to sources. Meanwhile, Jackson's three children are... More »

Women of the Future: Powerful, Stressed

Women feel overworked amid gains in economic clout

(Newser) - Women are gaining economic clout, but they’re also feeling overburdened, a survey of 12,000 women in 21 countries finds. Women spend some 70% of consumer dollars globally and are set to produce 70% of household income growth in the next 5 years—meaning entrepreneurs who can help them... More »

Barcode of Future Is Tiny, Shiny

MIT researchers design an alternative with 'Bokodes'

(Newser) - MIT researchers have designed a possible replacement for the conventional barcode, the BBC reports. Called Bokodes, the tags are made up of a powered light-emitting diode, a mask and a lens, and can store much more information than the black-and-white stripe variety. More, the scientists say, the Bokodes can be... More »

Fido Blankets Fur-Ever

(Newser) - Pet lovers can always keep their hounds close with blankets spun from Fido's shed fur, a quirky new product developed by a North Carolina entrepreneur, reports the Los Angeles Times. One golden retriever owner stashed her pet's sheddings for 11 years and now has a nice afghan to show for... More »

Business-World Divisions May Ease Path to Plan

(Newser) - The US Chamber of Commerce launched an ad campaign this week opposing health-care reform, but businesses are hardly united against the administration's proposals, the Washington Post reports. Wal-Mart was a high-profile defector, as was temp firm Kelly Services; both back an employer mandate. And many small and medium-sized businesses are... More »

Employer Bails Out Madoff-Hit Employees

Mass. businessman donates $5M for workers' retirement

(Newser) - A Massachusetts businessman has ponied up $5 million of his own money to replace his employees’ retirement savings, which were wiped out by the collapse of Bernard Madoff’s Ponzi scheme, the Boston Globe reports. Robert I. Lappin, who made his money in vacuum cleaners, knows their pain because he,... More »

Crocs Scramble to Stay Afloat

Company may go belly up as debt deadline looms

(Newser) - The company that makes the once-ubiquitous, quirky Croc shoes is about to go belly up, experts fear. The Colorado firm lost $18.5 million last year, has a warehouse full of unwanted shoes and just weeks to pay off its debt. Blame it on the economy and fickle consumers. "... More »

At Office, Anything Beyond Handshake Can be Touchy

(Newser) - After countless bear hugs, fist bumps, elbow grips, and pats-on-the-back, Elizabeth Bernstein realized that she is her office’s “touchee”—someone co-workers know will be receptive to physical demonstrations of support, she writes for the Wall Street Journal. That got her thinking: When is such touching OK, and... More »

In '07, Jackson Worth $237M, But Cash-Poor, in Debt

(Newser) - As recently as 2007, Michael Jackson had a net worth of $236.6 million, the AP reports. But his finances weren’t that simple. Most of his $567.6 million in assets were tied up in property and rights—he had just $668,215 in cash—and his debt totaled... More »

Anti-Biz Obama 'Loathes Profit Motive': Barnes

(Newser) - “Anti-business may be too crude a label” for President Obama, Fred Barnes writes in the Weekly Standard, but America's leader certainly "has a dark view of profits." Surveying Obama's appointments, policies, and remarks about business, Barnes concludes that "Obama loathes the profit motive or at least... More »

GM Close to Hummer Sale That Would Save 3K US Jobs

Has picked a buyer; deal would be finalized by Sept.

(Newser) - GM has selected an unnamed investor to buy its hulking Hummer brand, in a move aimed at saving more than 3000 US jobs, sources tell the Wall Street Journal. They say the company hopes to seal the deal, rumored to be in the $200 million range, by September. An official... More »

Business Grads Promise a More Ethical Future

MBA Class of '09 pledges to remember that greed isn't good

(Newser) - The next generation of business school grads may change the face of finance for the better, the New York Times reports. MBA programs across the country are seeing an explosion of interest in ethics courses, and at Harvard Business School a full 20% of this year's grads have signed a... More »

Why Corporate Boards Seldom Do Their Jobs Well

Directors largely responsible for missteps, but keep their jobs

(Newser) - Recent shareholder meetings at Citigroup and the Bank of America devolved into morality plays—wronged shareholders berated executives, executives apologetically vowed to improve—with a rather curious epilogue: every member of the board of directors was reelected. The reason is that corporate boards are often filled with under-informed, over-paid yes-men... More »

New Budget Airline Launches With 1 Plane, $9 Seats

First few seats are $9; all extras will cost you

(Newser) - The founder of the short-lived discount airline Skybus thinks conditions are right for a second attempt at adding service to less-used regional airports, the Chicago Tribune reports. JetAmerica will follow the model of European budget carriers like Ryanair, offering a handful of seats for $9 and charging for services like... More »

The Most Creative Minds in Business

(Newser) - Creativity is a tough thing to put your finger on, but Fast Company takes a shot at picking world’s top 100 business innovators. The first five:
  • Jonathan Ive: Apple’s design chief—responsible for the iPhone, iPod, MacBook, and iMac—ushered in an era of “design perfection” that
... More »

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