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Today's News:
NPR Topics: Business
Study: Number of Wireless-Only U.S. Homes Grows
Wed, 14 May 2008 11:45:00 -0400
More Americans are cancelling their landlines and using only wireless phones, according to a new study from the National Center for Health Statistics. In the last half of 2007, the number of homes without landlines — 16 percent — had more than doubled from the same period in 2004.
Most Fattening Profession: Finance
Wed, 14 May 2008 11:39:00 -0400
A new survey from the online jobs site CareerBuilder.com shows that 45 percent of workers have gained weight at their current jobs. About one-quarter of the workers surveyed reported gaining more than 10 pounds; 12 percent gained more than 20. The most fattening profession seems to be finance.
On Reality TV, Less Sleep Means More Drama
Wed, 14 May 2008 00:49:00 -0400
Research shows that sleep deprivation makes people emotionally volatile and temperamental — a fact that hasn't escaped the notice of some reality TV producers, who deny contestants sleep in an effort to kick up televised drama.
Latest financial news - CNNMoney.com
GE may auction appliance division
Wed, 14 May 2008 19:02:26 -0400
Read full story for latest details.
Housing rescue stokes partisan split
Wed, 14 May 2008 16:59:07 -0400
The momentum behind congressional efforts to let the government offer more aid to struggling homeowners has hit stiff resistance.
Broadcom execs charged in SEC probe
Wed, 14 May 2008 16:48:04 -0400
Read full story for latest details.
The Financial Page
Cyclone
George Packer Mon, 12 May 2008 04:00:00 -0000
The Burmese military government, which hides from its people in the splendid isolation of a jungle capital newly manufactured in the center of the country, told the public, on April 29th, to expect widespread rain and forty-five-mile-an-hour winds on the southern coast. Cyclone Nargis arrived, on . . .
The Open Secret of Success
James Surowiecki Mon, 05 May 2008 04:00:00 -0000
In the current atmosphere of economic tumult, the announcement that Toyota sold a hundred and sixty thousand more cars than General Motors in the first three months of this year might seem like a minor news item. But it may very well signal the end of one of the most . . .
Parsing Paulson
James Surowiecki Mon, 21 Apr 2008 04:00:00 -0000
In the wake of a crisis, the natural response of government officials is often to offer up new rules and regulations. So it came as no surprise when, a few weeks ago, Treasury Secretary Henry Paulson proposed a new regulatory scheme for the nation’s stricken financial markets. What was surprising . . .
Reuters: Business News
Judge rejects Countrywide's arguments: report
Wed, 14 May 2008 22:08:57 -0400
NEW YORK (Reuters) - Directors and officers of mortgage lender Countrywide Financial must answer shareholder accusations of insider trading and failure to monitor lending practices that led to the company's collapse, a federal judge in California has ruled, the New York Times reported.
AIG chairman says board stands by CEO Sullivan
Wed, 14 May 2008 21:17:52 -0400
NEW YORK (Reuters) - American International Group Inc's chairman said on Wednesday the global insurer's board is backing Chief Executive Martin Sullivan despite some anger from investors over two quarters of record losses.
Benign inflation and strong results lift Wall St
Wed, 14 May 2008 19:57:48 -0400
NEW YORK (Reuters) - Stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc and Freddie Mac posted reassuring quarterly results.
ABC News: Money
Consumer Prices Up 0.2%, Led by Food
Wed, 14 May 2008 08:49:43 -0400
Food prices jumped 0.9 percent, but energy costs stayed flat in April.
Foreclosures Surge 65 Percent in April
Wed, 14 May 2008 09:42:42 -0400
More than 240,000 homes received at least one foreclosure filing last month.
High Oil Prices Spell Disaster for Airlines
Wed, 14 May 2008 09:52:47 -0400
A morbid look at just how bad flying might become if gas prices keep climbing.
BBC News | Business | UK Edition
Call for sell-off of Royal Mail
Wed, 14 May 2008 22:35:40 -0000
The UK's postal regulator calls for the part privatisation of Royal Mail to ensure a high-quality mail service.
UK inflation woe 'set to worsen'
Wed, 14 May 2008 16:58:02 -0000
The UK's outlook for inflation has deteriorated in the past few months, the head of the Bank of England says.
Shareholders back RBS cash plan
Wed, 14 May 2008 18:47:36 -0000
Shareholders approve Royal Bank of Scotland's request for £12bn in new capital to shore up its finances.
The Economist: Business
Methods and madness
Thu, 08 May 2008 12:40:10 -0000
Patent reform may soon happen in the courts, if not on Capitol HillONLY those inventions ?worth to the public the embarrassment of an exclusive patent? should receive patent protection, declared Thomas Jefferson, himself an inventor and America's first commissioner of patents. Since his day some patents have proved to be more of an embarrassment than others. Most notorious are ?business methods? patents, such as the patent held by Priceline, an online ticket agency, for the Dutch-auction method of selling tickets. Thousands of these patents have been issued since they were first recognised in 1998. But the federal court charged with hearing patent appeals has hinted that it may use a case, in which arguments were due to be heard on May 8th, to cut back the scope of patent protection for business methods.The patent application submitted by would-be inventors Bernard Bilski and Rand Warsaw is startling in its breadth and simplicity: it claims exclusive rights to the process of using transactions to hedge the risk that demand for a commodity will change. The United States Patent and Trademark Office (USPTO) rejected the application because it was not limited to the use of a particular machine and did not describe any methods for working out which transactions to perform. Any device or method could be used, or none at all. As a result, the USPTO explained, the application amounted to an attempt to patent an abstract idea?the idea of hedging consumption risk using contracts. ...
Rebranding Australia
Thu, 08 May 2008 12:40:10 -0000
How should Australia sell itself?STREWTH! It is almost 25 years since Paul Hogan, an Australian comedian, tried to lure tourists down under with his promise to throw ?another shrimp on the barbie?. A blend of beaches, bikini-clad women and bawdy humour made the ?Come and Say G'Day? campaign a sizzling success. In just three months Australia leapt into America's top ten ?most desired? holiday-destination list, having previously failed to make the top 50. The number of visitors doubled in four years.Ever since, Tourism Australia, the government outfit charged with pulling in tourists, has faced the irksome task of escaping from Mr Hogan's larger-than-life shadow. Its most recent campaign, launched two years ago, also combined cheeky humour with curvaceous bodies?the ad concludes with Lara Bingle, an Australian model, asking prospective tourists: ?So Where the Bloody Hell Are You?? This was judged too foul-mouthed for Britain, where the advertisement was initially banned. Meanwhile, the Japanese version, ?So Why Aren't You Coming?? sounded lacklustre and became a self-fulfilling prophecy. Last year the number of Japanese visitors fell by 12%. ...
Dynasty calls
Thu, 08 May 2008 12:40:10 -0000
How John Elkann unexpectedly ended up in charge of Italy's greatest industrial dynastyITS teeth bared, a greyhound sprints across the panels of a large painting before ending badly, its head a blurry mess, its forelegs crumpled. ?The painting belonged to my grandfather, who said that it has a message for organisations?they have to keep running, but must stay alert and run with purpose,? says John Elkann, deputy chairman of IFIL, an investment firm based in Turin. His grandfather was Giovanni Agnelli, grandson of the founder of Fiat, a big automotive group which IFIL controls via a 30.4% stake. Having joined IFIL as an investment manager in 2003, Mr Elkann became deputy chairman in 2006 and will assume the chairmanship on May 13th, taking over from 83-year-old Gianluigi Gabetti, an old friend of his grandfather.The 32-year-old Mr Elkann, oldest son of Giovanni Agnelli's only daughter, represents a new generation of Italy's greatest industrial dynasty. But for most of his life he did not expect to end up running the family business. Born in New York, he spent his childhood in America, France and Brazil. He was appointed to Fiat's board at the age of 21 in December 1997, after the unexpected death of his mother's 33-year-old cousin Giovanni, the heir apparent. The subsequent deaths of Mr Elkann's grandfather in 2003 and great-uncle in 2004 led to his appointments as vice-chairman of Fiat and deputy chairman of IFIL. ...
NewsTrack - Business - UPI.com
Broadcom execs charged with options fraud
Wed, 14 May 2008 18:07:08 -0400
LOS ANGELES, May 14 (UPI) -- The Securities and Exchange Commission Wednesday filed fraud charges against the co-founders of California chip maker Broadcom, court papers show.
Weather breaks hit grain prices
Wed, 14 May 2008 17:26:15 -0400
CHICAGO, May 14 (UPI) -- Corn, wheat and rice traded lower Wednesday on the Chicago Board of Trade as forecasts for drier spring weather could allow corn planting to hit its stride.
UPI NewsTrack Business
Wed, 14 May 2008 17:12:36 -0400
U.S. market gains hold Wednesday ... Mexican truckers in political cross hairs ... Smart car scores well in crash tests ... Icahn considering proxy fight with Yahoo! ... News from United Press International.
Fraudster ordered to repay $10 million
Wed, 14 May 2008 17:10:09 -0400
WASHINGTON, May 14 (UPI) -- A federal court ordered a Montebello, Calif., man to repay $10 million for his part in an $80 million fraud case, the U.S. Justice Department said Wednesday.
U.S. market gains hold Wednesday
Wed, 14 May 2008 16:43:01 -0400
NEW YORK, May 14 (UPI) -- U.S. stock indexes held onto gains Wednesday as crude oil prices eased slightly and the government reported inflation rose marginally in April.
Heating oil prices ease slightly Wednesday
Wed, 14 May 2008 16:19:56 -0400
NEW YORK, May 14 (UPI) -- Crude oil prices dropped to an even $124.00 per barrel Wednesday on the New York Mercantile Exchange on a report U.S. inventories had increased.
Subscribe to Business RSS feed 
Study: Number of Wireless-Only U.S. Homes Grows
Wed, 14 May 2008 11:45:00 -0400
More Americans are cancelling their landlines and using only wireless phones, according to a new study from the National Center for Health Statistics. In the last half of 2007, the number of homes without landlines — 16 percent — had more than doubled from the same period in 2004.
Most Fattening Profession: Finance
Wed, 14 May 2008 11:39:00 -0400
A new survey from the online jobs site CareerBuilder.com shows that 45 percent of workers have gained weight at their current jobs. About one-quarter of the workers surveyed reported gaining more than 10 pounds; 12 percent gained more than 20. The most fattening profession seems to be finance.
On Reality TV, Less Sleep Means More Drama
Wed, 14 May 2008 00:49:00 -0400
Research shows that sleep deprivation makes people emotionally volatile and temperamental — a fact that hasn't escaped the notice of some reality TV producers, who deny contestants sleep in an effort to kick up televised drama.
Latest financial news - CNNMoney.com
GE may auction appliance division
Wed, 14 May 2008 19:02:26 -0400
Read full story for latest details.
Housing rescue stokes partisan split
Wed, 14 May 2008 16:59:07 -0400
The momentum behind congressional efforts to let the government offer more aid to struggling homeowners has hit stiff resistance.
Broadcom execs charged in SEC probe
Wed, 14 May 2008 16:48:04 -0400
Read full story for latest details.
The Financial Page
Cyclone
George Packer Mon, 12 May 2008 04:00:00 -0000
The Burmese military government, which hides from its people in the splendid isolation of a jungle capital newly manufactured in the center of the country, told the public, on April 29th, to expect widespread rain and forty-five-mile-an-hour winds on the southern coast. Cyclone Nargis arrived, on . . .
The Open Secret of Success
James Surowiecki Mon, 05 May 2008 04:00:00 -0000
In the current atmosphere of economic tumult, the announcement that Toyota sold a hundred and sixty thousand more cars than General Motors in the first three months of this year might seem like a minor news item. But it may very well signal the end of one of the most . . .
Parsing Paulson
James Surowiecki Mon, 21 Apr 2008 04:00:00 -0000
In the wake of a crisis, the natural response of government officials is often to offer up new rules and regulations. So it came as no surprise when, a few weeks ago, Treasury Secretary Henry Paulson proposed a new regulatory scheme for the nation’s stricken financial markets. What was surprising . . .
Reuters: Business News
Judge rejects Countrywide's arguments: report
Wed, 14 May 2008 22:08:57 -0400
NEW YORK (Reuters) - Directors and officers of mortgage lender Countrywide Financial must answer shareholder accusations of insider trading and failure to monitor lending practices that led to the company's collapse, a federal judge in California has ruled, the New York Times reported.
AIG chairman says board stands by CEO Sullivan
Wed, 14 May 2008 21:17:52 -0400
NEW YORK (Reuters) - American International Group Inc's chairman said on Wednesday the global insurer's board is backing Chief Executive Martin Sullivan despite some anger from investors over two quarters of record losses.
Benign inflation and strong results lift Wall St
Wed, 14 May 2008 19:57:48 -0400
NEW YORK (Reuters) - Stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc and Freddie Mac posted reassuring quarterly results.
ABC News: Money
Consumer Prices Up 0.2%, Led by Food
Wed, 14 May 2008 08:49:43 -0400
Food prices jumped 0.9 percent, but energy costs stayed flat in April.
Foreclosures Surge 65 Percent in April
Wed, 14 May 2008 09:42:42 -0400
More than 240,000 homes received at least one foreclosure filing last month.
High Oil Prices Spell Disaster for Airlines
Wed, 14 May 2008 09:52:47 -0400
A morbid look at just how bad flying might become if gas prices keep climbing.
BBC News | Business | UK Edition
Call for sell-off of Royal Mail
Wed, 14 May 2008 22:35:40 -0000
The UK's postal regulator calls for the part privatisation of Royal Mail to ensure a high-quality mail service.
UK inflation woe 'set to worsen'
Wed, 14 May 2008 16:58:02 -0000
The UK's outlook for inflation has deteriorated in the past few months, the head of the Bank of England says.
Shareholders back RBS cash plan
Wed, 14 May 2008 18:47:36 -0000
Shareholders approve Royal Bank of Scotland's request for £12bn in new capital to shore up its finances.
The Economist: Business
Methods and madness
Thu, 08 May 2008 12:40:10 -0000
Patent reform may soon happen in the courts, if not on Capitol HillONLY those inventions ?worth to the public the embarrassment of an exclusive patent? should receive patent protection, declared Thomas Jefferson, himself an inventor and America's first commissioner of patents. Since his day some patents have proved to be more of an embarrassment than others. Most notorious are ?business methods? patents, such as the patent held by Priceline, an online ticket agency, for the Dutch-auction method of selling tickets. Thousands of these patents have been issued since they were first recognised in 1998. But the federal court charged with hearing patent appeals has hinted that it may use a case, in which arguments were due to be heard on May 8th, to cut back the scope of patent protection for business methods.The patent application submitted by would-be inventors Bernard Bilski and Rand Warsaw is startling in its breadth and simplicity: it claims exclusive rights to the process of using transactions to hedge the risk that demand for a commodity will change. The United States Patent and Trademark Office (USPTO) rejected the application because it was not limited to the use of a particular machine and did not describe any methods for working out which transactions to perform. Any device or method could be used, or none at all. As a result, the USPTO explained, the application amounted to an attempt to patent an abstract idea?the idea of hedging consumption risk using contracts. ...
Rebranding Australia
Thu, 08 May 2008 12:40:10 -0000
How should Australia sell itself?STREWTH! It is almost 25 years since Paul Hogan, an Australian comedian, tried to lure tourists down under with his promise to throw ?another shrimp on the barbie?. A blend of beaches, bikini-clad women and bawdy humour made the ?Come and Say G'Day? campaign a sizzling success. In just three months Australia leapt into America's top ten ?most desired? holiday-destination list, having previously failed to make the top 50. The number of visitors doubled in four years.Ever since, Tourism Australia, the government outfit charged with pulling in tourists, has faced the irksome task of escaping from Mr Hogan's larger-than-life shadow. Its most recent campaign, launched two years ago, also combined cheeky humour with curvaceous bodies?the ad concludes with Lara Bingle, an Australian model, asking prospective tourists: ?So Where the Bloody Hell Are You?? This was judged too foul-mouthed for Britain, where the advertisement was initially banned. Meanwhile, the Japanese version, ?So Why Aren't You Coming?? sounded lacklustre and became a self-fulfilling prophecy. Last year the number of Japanese visitors fell by 12%. ...
Dynasty calls
Thu, 08 May 2008 12:40:10 -0000
How John Elkann unexpectedly ended up in charge of Italy's greatest industrial dynastyITS teeth bared, a greyhound sprints across the panels of a large painting before ending badly, its head a blurry mess, its forelegs crumpled. ?The painting belonged to my grandfather, who said that it has a message for organisations?they have to keep running, but must stay alert and run with purpose,? says John Elkann, deputy chairman of IFIL, an investment firm based in Turin. His grandfather was Giovanni Agnelli, grandson of the founder of Fiat, a big automotive group which IFIL controls via a 30.4% stake. Having joined IFIL as an investment manager in 2003, Mr Elkann became deputy chairman in 2006 and will assume the chairmanship on May 13th, taking over from 83-year-old Gianluigi Gabetti, an old friend of his grandfather.The 32-year-old Mr Elkann, oldest son of Giovanni Agnelli's only daughter, represents a new generation of Italy's greatest industrial dynasty. But for most of his life he did not expect to end up running the family business. Born in New York, he spent his childhood in America, France and Brazil. He was appointed to Fiat's board at the age of 21 in December 1997, after the unexpected death of his mother's 33-year-old cousin Giovanni, the heir apparent. The subsequent deaths of Mr Elkann's grandfather in 2003 and great-uncle in 2004 led to his appointments as vice-chairman of Fiat and deputy chairman of IFIL. ...
NewsTrack - Business - UPI.com
Broadcom execs charged with options fraud
Wed, 14 May 2008 18:07:08 -0400
LOS ANGELES, May 14 (UPI) -- The Securities and Exchange Commission Wednesday filed fraud charges against the co-founders of California chip maker Broadcom, court papers show.
Weather breaks hit grain prices
Wed, 14 May 2008 17:26:15 -0400
CHICAGO, May 14 (UPI) -- Corn, wheat and rice traded lower Wednesday on the Chicago Board of Trade as forecasts for drier spring weather could allow corn planting to hit its stride.
UPI NewsTrack Business
Wed, 14 May 2008 17:12:36 -0400
U.S. market gains hold Wednesday ... Mexican truckers in political cross hairs ... Smart car scores well in crash tests ... Icahn considering proxy fight with Yahoo! ... News from United Press International.
Fraudster ordered to repay $10 million
Wed, 14 May 2008 17:10:09 -0400
WASHINGTON, May 14 (UPI) -- A federal court ordered a Montebello, Calif., man to repay $10 million for his part in an $80 million fraud case, the U.S. Justice Department said Wednesday.
U.S. market gains hold Wednesday
Wed, 14 May 2008 16:43:01 -0400
NEW YORK, May 14 (UPI) -- U.S. stock indexes held onto gains Wednesday as crude oil prices eased slightly and the government reported inflation rose marginally in April.
Heating oil prices ease slightly Wednesday
Wed, 14 May 2008 16:19:56 -0400
NEW YORK, May 14 (UPI) -- Crude oil prices dropped to an even $124.00 per barrel Wednesday on the New York Mercantile Exchange on a report U.S. inventories had increased.
Sites:
Business: In economics, business is the social science of managing people to organize and maintain collective productivity toward accomplishing particular creative and productive goals, usually to generate revenue.
The etymology of "business" refers to the state of being busy, in the context
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H & C Dickie Ltd: Owning and operating one of the largest and most modern mobile crusher fleets in the UK, we service many blue chip and independent clients in the
quarrying, construction, demolition and recycling industries.
Transcendental Meditation & Business: Corporate Leadership through the Transcendental Meditation Program.
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