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December 3, 2008 2:57:35 PM CST


corporate

corporate news stories

7 Stories

His Fundraising Machine Turns to Transition, Inaugural

But watchers holding Obama to transparency

(Newser) - Barack Obama is in fundraising mode again, this time for his transition and inauguration, CNN reports; many hope he will honor his promise to steer clear of special interests and big corporate donors. Though there is almost $10 million in public funds available for transition spending, experts say that’s insufficient. Obama cannot use leftover campaign funds for other purposes. More »

More about:  Barack Obama President Obama campaign fundraising transition lobbyist inauguration corporate

Exec: I Was Fired for Not Donating to Mitt

CEO asked employees to give; denies man lost job over refusal

(Newser) - An ex-executive with a Chicago-based consulting group has filed an employment bias complaint, alleging that he was fired in part for his refusal to donate to Mitt Romney’s campaign, the Wall Street Journal reports. The complaint offers a rare glimpse into the machinery of corporate donations. In emails seen by the Journal , Huron Group’s CEO asks employees to back the Republican. “This is just business and the way business works,” he writes. More »

More about:  Mitt Romney campaign finance campaign contributions corporate execs corporate Huron

 Business Woes? Call
 a Corporate Psychic 

Execs search farther afield for help

(Newser) - More businesses are seeking a new breed of consultant to give them guidance in tough economic times, Newsweek reports: psychics . Blue chip operations across the nation, from tech concerns to corporate law firms, are coughing up big bucks to hire “intuitionists,” with executives hoping their otherworldly expertise will give them an edge in an uncertain market. More »

More about:  Hollywood market turmoil corporate tech companies consulting psychic corporate law firms

 Office Workers Demand Macs 

Apple expects 33% growth thanks to business market

(Newser) - The exclusive club of Mac devotees is quietly expanding from students and artists to the corporate world, BusinessWeek reports. And the change is fueled by workers, not sales calls: In fact, nearly nine in 10 recently surveyed companies admitted that Mac-loving workers are influencing computer buys. And it's contributing to a predicted 33% growth in Apple's second quarter revenue. More »

More about:  work workers corporate Business trends Mac

IBM Launches Social Mapping Biz Tool

'Atlas' analyzes individuals' business statistics, relationships

(Newser) - IBM has released a software tool named 'Atlas' that aims to track and analyze statistical relationships among individuals in a corporate setting, MIT Technology Review reports. Employees are given the opportunity to partake in business-adapted online practices—blogging, social grouping, bookmarking, organizing projects—and Atlas creates a "social graph" of the relationships formed among participants. More »

More about:  social networking business blogging IBM statistics corporate

Sprint Nextel:
A House Divided

Two years into merger, partners remain wary
of each other

(Newser) - The $35 billion merger of long-distance carrier Sprint and wireless innovator Nextel sought to create a company capable of competing with the nation’s largest wireless carriers, Verizon and AT&T. Instead, distinct cultures have warred over everything from ad strategies to executive teams, leaving the company with poor morale, stalled projects, and a sagging stock price, the Washington Post reports. More »

More about:  merger telecommunications Sprint Nextel corporate Gary Forsee

Dow Closes Down 80.86 on Inflation Scare

Bernanke comment, retail profit warnings contribute to slump

(Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high . "There are a lot of little things out there that are scaring the market," a trader told the Wall Street Journal. More »

More about:  Dow Jones stock market Federal Reserve US economy Ben Bernanke stocks merger retail profits corporate

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