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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: business

business stories: 194 news summaries

21 - 40 of 194 Stories | << Prev 1 2 3 4 5 6 ... 10 Next >>

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

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

May 31, 09 10:14 AM CDT
(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... More »

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General Motors • Detroit • business • employment • Hummer • job • investor • cars • brand

Business Grads Promise a More Ethical Future

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

May 30, 09 6:37 AM CDT
(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 »

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ethics • business • business school • MBA • universities

ANALYSIS

Why Corporate Boards
Seldom Do Their Jobs Well

Directors largely responsible for missteps, but keep their jobs

May 28, 09 2:42 AM CDT
(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 »

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Citigroup • Bank of America • CEO • shareholders • business • corporate governance • board of directors

New Budget Airline Launches With 1 Plane, $9 Seats

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

May 27, 09 9:44 AM CDT
(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 »

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airline industry • Skybus airlines • business • budget airlines • airline ticket prices • Toledo, Ohio • economy • JetAmerica • Melbourne, Fla. • John Weikle

OPINION

 The Most Creative 
 Minds in Business 


May 19, 09 3:00 PM CDT
(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”
... More »

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business • Apple • list • Disney • Netflix • Bill and Melinda Gates Foundation • electric cars • Shai Agassi • Melinda Gates • creativity • Jonathan Ive • Reed Hastings • Rich Ross

 EU Fines Intel Record $1.45B 

Chip maker paid firms to use its chips, commission says

May 13, 09 7:28 AM CDT
(Newser) - The EU is fining Intel $1.45 billion for violating antitrust laws—a record amount that far exceeds the €497 million ($680 million) fine levied against Microsoft in 2004, the BBC reports. The EU competition commission said Intel paid manufacturers and a retailer to give its chips a leg... More »

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Dell • European Union • Intel • business • antitrust • Lenovo • monopoly • HP • fine • anticompetitive

Sweeter Perks Make Up for Falling CEO Pay

Free bodyguards, life insurance, travel rise despite public outcry

May 1, 09 10:08 AM CDT
(Newser) - While average CEO compensation dropped 7% in 2008, packages of fringe benefits rose by the same amount, the AP reports. Higher-ups at big companies received perks that ranged from a personal car (complete with driver) to free life insurance to flights on the company jet. One CEO received $400,000... More »

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executive compensation • CEO • business • perks • XTO Energy • fringe benefits • household income

First 100 Days

 Businesses 
 Give Obama 
 High Marks 

Reservations linger; cap-and-trade, labor, taxes cause concerns

Apr 29, 09 12:53 PM CDT
(Newser) - Barack Obama’s seemingly tireless efforts to revive the economy have gone over well with business leaders, and the stimulus in particular has been a big hit, BusinessWeek reports. “We’re happy with the general outlines of what he’s done,” says John Castellani, president of the... More »

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Barack Obama • business • Business Roundtable • Obama administration • 100 days • John Castellani

ANALYSIS

 In Jarrett, 
 Wall St. Finds 
 Direct Line  
 to Obama 

Firms salute efforts of White House 'consigliere'

Apr 16, 09 10:55 AM CDT
(Newser) - Valerie Jarrett wears many hats in the White House: “If there’s a consigliere, it’s Valerie,” says the head of President Obama’s transition team. Lately, however, the longtime family friend has chiefly been Obama’s ambassador to big business, Bloomberg reports. She “picks the brains”... More »

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Wall Street • White House • business • adviser • ambassador • Valerie Jarrett • big business • Obama administration • President Obama

'I Made a Mistake' Buying Tribune Co.: Zell

Canny investor admits he backed a losing horse

Apr 15, 09 3:11 PM CDT
(Newser) - Sam Zell is famous for his business acumen. He made a near-psychic call to sell his office-property company for billions just months before the market tanked. But the magnate now tells Bloomberg another deal he made was as boneheaded, in retrospect, as the Equity Office Properties deal was prescient: buying... More »

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newspaper • Sam Zell • Tribune Company • mergers and acquisitions • business • acquisition • Equity Office Properties

ANALYSIS

 What If I Don't Feel Like Filing? 

Christopher Beam explores the potential evader's options

Apr 15, 09 2:08 PM CDT
(Newser) - With millions of Americans enduring long lines at the post office today to file their tax returns, Christopher Beam of Slate can’t help wonder: What would happen if you simply didn’t file? The answer is probably not much—7 million Americans declined to file last year, and only... More »

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taxes • IRS • income tax • business • tax evasion • audit • federal income tax • Wesley Snipes

Fla. AG Sues Makers of Vick Chew Toy, Caylee Doll

Profits did not go to charity as promised

Apr 9, 09 3:03 PM CDT
(Newser) - Florida’s attorney general filed suit today against the firm that has shown astoundingly poor taste in two merchandise items: a Michael Vick dog chew toy and Caylee Anthony doll, Reuters reports. Showbiz Promotions said profits from both would go to animal shelters and the National Center for Missing and... More »

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Florida • Michael Vick • business • dog • exploitation • Caylee Anthony

(Newser) - The latest newspaper to cut back on business coverage and stock listings is the Washington Post, Reuters reports. The paper will stop publishing a standalone daily business section and beef up its Sunday section, according to an internal memo. The executive editor spun the cuts as a move to integrate... More »

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newspaper • Washington Post • business • journalism • Marcus Brauchli • newspaper industry • business news

(Newser) - A British math whiz plans to roll out a revolutionary search engine this year, but that doesn't mean Google is doomed, Saul Hansell writes in the New York Times. “Google is a company,” while the search engine "is a technology," Hansell writes, responding to a... More »

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technology • Google • Internet • business • competition • search engine • Wolfram Alpha

(Newser) - A Chicago family is trying to use its household spending to invest in the black community by buying exclusively from black-owned businesses for 1 year, the Tribune reports. The Andersons’ ambitious “Ebony Experiment” has them driving 14 miles for groceries (and farther for other stuff) and has earned hate... More »

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race • Chicago • African Americans • economics • business • black • experiments • African-Americans • Northwestern University

College Grads Facing Worst Job Market in 7 Years

Experts say situation unlikely to improve by fall

Mar 4, 09 6:10 PM CST
(Newser) - Employers will hire 22% fewer graduates this spring compared to last year—making this year’s dropoff the largest since the 9/11 attacks and the dot-com bust devastated the economy in 2002, BusinessWeek reports. And the situation could worsen, with 46% of employers unsure if hiring levels will rebound... More »

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business • finance • economy • job • college graduates

Dissed By Town, Va. Landlord Opens Sex Shop

Risqué tenant ruffles feathers in staid
Old Town Alexandria

Mar 1, 09 2:00 PM CST
(Newser) - Revenge is a dish best served cold—and for one Virginia landlord, at a sex shop, the Washington Post reports. Michael Zarlenga spent $350,000 renovating his hunting and fishing store in historic Old Town Alexandria, only to have the town nix his plans at the last minute. Broke and... More »

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business • sex • Virginia

(Newser) - The Rocky Mountain News, the oldest paper in Colorado and perhaps the longest-running business in Denver, will print its last edition tomorrow, the Denver Post reports. The news comes after its owner spent months fruitlessly searching for a buyer. “The operating conditions have become increasingly difficult,” the CEO... More »

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Denver • business • Colorado • newspaper industry • recession depression • Rocky Mountain News • Denver Post • failure

Back-Room Consensus: Require Health Insurance for All

Kennedy leads meetings with industry

Feb 20, 09 11:55 AM CST
(Newser) - A series of unprecedented back-room meetings among the biggest players in health care is close to a consensus: Any new legislation will require that every American have insurance, the New York Times reports. The next part, of course, is trickier: figuring out how to enforce it, how to make it... More »

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health care • health insurance • insurance companies • business • Ted Kennedy • health care industry • Medicaid • labor unions • health care reform

ANALYSIS

Missing, Not Missed: CEOs in Obama Cabinet

Prez keeps Wall Street at arm's length, leans on pols, academics

Feb 20, 09 10:02 AM CST
(Newser) - To the multitude of differences between the Obama administration and its predecessors, add the absence of corporate CEOs from Cabinet meetings. The reason is simple, reports Politico: There aren't any. Recent Wall Street-to-Washington catastrophes such as the Bush Treasury Department aren't the only reason, either. "Obama’s more... More »

MORE ABOUT:
Barack Obama • CEO • Henry Paulson • business • Eric Schmidt • Terry McAuliffe • Robert Rubin • Obama administration • Obama Cabinet

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