business

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Fido Blankets Fur-Ever
 Fido 
 Blankets 
 Fur-Ever 
Jul 24, 2009 3:19 AM CDT

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...

Business-World Divisions May Ease Path to Plan
Business-World Divisions May Ease Path to Plan
health care reform
Jul 23, 2009 10:07 AM CDT

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...

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,...

Crocs Scramble to Stay Afloat
 Crocs Scramble to Stay Afloat 
Jul 16, 2009 4:03 AM CDT

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. "...

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...

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...

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...

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...

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...

Why Corporate Boards Seldom Do Their Jobs Well
Why Corporate Boards
Seldom Do Their Jobs Well
ANALYSIS
May 28, 2009 2:42 AM CDT

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...

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...

The Most Creative Minds in Business
 The Most Creative 
 Minds in Business 
OPINION
May 19, 2009 3:00 PM CDT

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
...

EU Fines Intel Record $1.45B
 EU Fines Intel Record $1.45B 
May 13, 2009 7:28 AM CDT

EU Fines Intel Record $1.45B

Chip maker paid firms to use its chips, commission says

(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...

Sweeter Perks Make Up for Falling CEO Pay

Free bodyguards, life insurance, travel rise despite public outcry

(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...

Businesses Give Obama High Marks
 Businesses 
 Give Obama 
 High Marks 
First 100 Days
Apr 29, 2009 12:53 PM CDT

Businesses Give Obama High Marks

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

(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 Business...

In Jarrett, Wall St. Finds Direct Line to Obama

Firms salute efforts of White House 'consigliere'

(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”...

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

Canny investor admits he backed a losing horse

(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...

What If I Don't Feel Like Filing?
 What If I Don't Feel Like Filing? 
ANALYSIS
Apr 15, 2009 2:08 PM CDT

What If I Don't Feel Like Filing?

Christopher Beam explores the potential evader's options

(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...

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

Profits did not go to charity as promised

(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...

Washington Post Cuts Daily Business Section

(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...

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