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China Solar Panel Maker Sets First U.S. Plant

Mon, 16 Nov 2009 00:00:00 -0800

Business Week - By Adam Aston - Nov. 16 (News Report) - China's Suntech Power Holdings (STP) is no newcomer to the U.S. Last May, President Barack Obama toured the U.S.'s largest solar panel installation at Nellis Air Force Base in Nevada. There, row upon row of shiny black Suntech solar panels span 140 acres, cranking out up to 14 megawatts of electricity on sunny days.

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Dangerous Days for Video Games

Sat, 14 Nov 2009 01:27:57 -0800

Business Week - By Ronald Grover - Nov. 14 (News Analysis) - For months, video game fans from Topeka to Tokyo had been salivating for Call of Duty: Modern Warfare 2, the sixth installment of Activision Blizzard's (ATVI) blockbuster shootfest. On Nov. 10, D-Day finally arrived. Thousands lined up outside Best Buy

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Google Voice, AT&T, and the FCC: Fighting Over the Wrong Thing

Sun, 11 Oct 2009 00:00:00 -0700

Business Week - By Stephen Wildstrom - Oct. 11 (Special Report) - What do Google Voice, AT&T, sex chat lines, and New Deal efforts to provide rural telephone service have do do with each other? Quite a bit, it turns out; the seemingly unrelated issues of sex chat and rural phone service lie at the heart of the

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Sen. Jim Bunning to Retire Due to Slow Fundraising

Mon, 27 Jul 2009 00:00:00 -0700

Washington Post - By Chris Cillizza - Jul. 27 (Breaking News) - Kentucky Republican Sen. Jim Bunning bowed to political reality today, announcing that he would not seek a third term in 2010 -- a move that drastically increases Republicans’ chances of holding the seat next fall.

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IBM Aims for a Battery Breakthrough

Tue, 23 Jun 2009 00:00:00 -0700

Business Week - By Steve Hamm - Jun. 23 (Special Report) - On June 23, IBM announced a multiyear effort to increase the performance of rechargeable batteries by a factor of 10. The aim is to design batteries that will make it possible for electric vehicles to travel 300 to 500 miles on a single charge, up from 50 to 100 miles currently. "We want to see if we can find a radically different battery technology," says Chandrasekhar "Spike" Narayan, who manages the Science & Technology Organization at IBM Research's Almaden lab in San Jose, Calif.

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Sotomayor on Discrimination, Class-Action and Securities Litigation

Tue, 26 May 2009 00:00:00 -0700

Business Week - By Theo Francis - May. 26 (News Analysis) - Since David Souter said he’d leave the Supreme Court, we’ve made the case that business law doesn’t follow the usual right-left split, and that President Obama’s nominee to replace him, Sonia Sotomayor, looks like the same sort of business pragmatist he has been.

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Unemployment Up in 44 States

Fri, 22 May 2009 00:00:00 -0700

Business Week - By Moira Herbst - May. 22 (News Report) - Forty-four states lost jobs in April as the recession continued to hit hard, the Labor Dept. reported on May 22. Michigan's April jobless rate was the highest in the country, reaching 12.9%, followed by Oregon at 12%, South Carolina at 11.5%, Rhode Island at 11.1%, and California at 11%. California led in the total number of jobs lost with 63,700, followed by 39,500 in Texas, 38,400 in Michigan, and 25,200 in Ohio. These states faced heavy layoffs in manufacturing, construction, and retail.

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Is the G-20's War on Tax Havens a Sham? - BusinessWeek

Tue, 14 Apr 2009 00:00:00 -0700

Business Week - By Alexander Neubacher - Apr. 14 (News Analysis) - All a country had to do in order to be removed from the list and accepted into the circle of the supposedly purified was to provide the OECD with the solemn assurance that it intended to abide by international agreements in the future. Whether this is a step forward remains to be seen.

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Greenpeace: Forests don't belong in carbon market - BusinessWeek

Mon, 30 Mar 2009 00:00:00 -0700

Business Week - By Vanessa Gera - Mar. 30 (News Report) - Environmental group Greenpeace on Monday criticized plans by some countries to tackle global warming by letting polluting industries in wealthy nations offset carbon emissions by replanting tropical forests.

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The Mindset of an AIG executive

Wed, 25 Mar 2009 00:00:00 -0700

Business Week - By Diane Brady - Mar. 25 (News Analysis) - A few things struck me in the “resignation letter” of Jake DeSantis, an executive vice president of the American International Group’s financial products unit. (People don’t normally forward their letters of resignation to The New York Times) First, of course, is his justified sense of outrage at having been abandoned by his boss, AIG chief Ed Liddy, before Congress and at having his bonus essentially taken away. “Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.” But a few other sentences stand out in my mind as emblematic of the mindset that has created some of this mess.

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Wall Street's Economic Crimes Against Humanity

Sun, 22 Mar 2009 00:00:00 -0700

TruthOut - By Shoshana Zuboff - Mar. 22 (Opinion) - The economic crisis is not the Holocaust but, I would argue, it derives from a business model that routinely produced a similar kind of remoteness and thoughtlessness, compounded by a widespread abrogation of individual moral judgment. As we learn more about the behavior within our financial institutions, we see that just about everyone accepted a reckless system that rewards transactions but rejects responsibility for the consequences of those transactions. Bankers, brokers, and financial specialists were all willing participants in a self-centered business model that celebrates what's good for organization insiders while dehumanizing and distancing everyone else - the outsiders.

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Behind the Incredibly Shrinking Media

Wed, 11 Mar 2009 00:00:00 -0700

Business Week - By Paul Armstrong - Mar. 11 (Comment) - What changed? What went wrong? Nothing. The audience's attention capacity has not shrunk, but the demands on it did — exponentially.... This "new world" brought us massive amounts of information but no new time to digest it, so we cognitively economize and focus on what's required.

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Twitter Has Potential Buyers Atwitter

Wed, 04 Mar 2009 00:00:00 -0800

Business Week - By Heather Green, Robert D. Hof - Mar. 04 (News Report) - The microblogging service Twitter has caught on with everyone from celeb Ashton Kutcher to CEOs. Yet for all the buzz, Twitter has always seemed more novelty than business. Many of the 140-character posts, or "tweets," that people send out on Twitter are about topics as mundane as what they had for lunch or when they're going to sleep. Is there any real value in that? It turns out there is. In fact, there's growing evidence that Twitter, a company with no revenues today, could be worth several hundred million dollars. Two sources say social-networking service Facebook offered to acquire Twitter late last year for $500 million in cash and stock. Peter Thiel, an investor in Facebook, confirmed the discussions in an interview with BusinessWeek, though he would not comment on price. He says talks fell apart over questions about the value of Facebook's stock. Facebook's offer is unlikely to be the last. Google (GOOG) has "open lines of communication" with Twitter, says one source, though there are no active deal talks. Yahoo! (YHOO) is another logical buyer, but the price may be too steep for the struggling company. Google and Yahoo declined to comment on acquisition possibilities.

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Carbon: Europe's Lessons for the U.S.

Thu, 19 Feb 2009 00:00:00 -0800

Business Week - By Mark Scott - Feb. 19 (Special Report) - Widespread government subsidies, for instance, made countries such as Denmark, Germany, and Spain into global leaders in renewable energy. But now, lower subsidies and a lack of project financing from banks due to the credit crisis are whacking investment in clean energy. European green energy investments fell by 13.7% in the second half of 2008 from the same period in 2007, to $21.2 billion, according to researcher New Carbon Finance. In North America, the toll is far worse: Over the same period, clean energy investment there fell by nearly half, to $10.7 billion.

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High Hurdles for Obama's Green Stimulus

Wed, 31 Dec 2008 00:00:00 -0800

Business Week - By John Carey - Dec. 31 (Special Report) - The scent of fast money in Washington has all manner of corporate interests scrambling to show they can create jobs, especially green ones.

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Online Journalism: Donations Accepted

Thu, 25 Dec 2008 00:00:00 -0800

Business Week - By Douglas MacMillan - Dec. 25 (Special Report) - A growing number of entrepreneurs and journalism advocates around the country are experimenting with a new type of business model for news: community-funded online journalism.

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Profile of a Social Entrepreneur

Thu, 25 Dec 2008 00:00:00 -0800

Business Week - By Marshall Goldsmith - Dec. 25 (Interview) - My friend Pamela Hawley is a global social entrepreneur, devoted to creating Web-based marketplaces that make a social impact. A practitioner of social entrepreneurship, Pamela is committed to marrying the compassion of the nonprofit world with the effectiveness and efficiency of business. She is the founder and CEO of UniversalGiving, which helps people give and volunteer with the top-performing projects across the world, and which helps Fortune 500 companies manage their corporate social responsibility programs. I thought the holidays were a good time to talk to her about real "giving"—not just the buying of presents but truly helping others, an idea that feels especially pertinent during these tough times.

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Zell's Tribune: The Canary in a Scary Mine

Wed, 10 Dec 2008 00:00:00 -0800

Business Week - By Jon Fine - Dec. 10 (News Analysis) - For the foreseeable future, Tribune will remain intact (apart from selling the Cubs baseball franchise). Perversely enough, it helps that there's apparently no one willing to offer knockout prices for key assets, and that those assets are declining in value so quickly no one is sure what many of them are worth. If the businesses and deal markets were robust, lenders would be salivating at the thought of breaking up the company. The sheer complexity of the bankruptcy—an $8.2 billion deal requires a lot of lenders—argues for a short-term status quo as well.

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Russia: Putin vows to protect Russia's economy

Sat, 22 Nov 2008 00:00:00 -0800

Los Angeles Times - By By Megan K. Stack - Nov. 22 (News Report) - The crisis goes straight to Putin's Achilles' heel, raising the long-muttered question of whether it was keen policy or simply record-breaking oil prices that allowed him to preside over a period of growth and prosperity.

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Russia's Economy: How Bad Will It Get? - BusinessWeek

Wed, 19 Nov 2008 00:00:00 -0800

Business Week - By Jason Bush - Nov. 19 (News Report) - "Today it is clear that the crisis is spreading, unfortunately from the financial sector into the sectors of the real economy," Russian President Dmitry Medvedev admitted on Nov. 18.

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Why America Needs an Economic Strategy

Sun, 02 Nov 2008 00:00:00 -0700

Business Week - By Michael E. Porter - Nov. 02 (Special Report) - The stark truth is that the U.S. has no long-term economic strategy—no coherent set of policies to ensure competitiveness over the long haul. Strategy embodies clear priorities, based on understanding the strengths we need to preserve and the weaknesses that threaten our prosperity the most. Strategy addresses what to do, but also what not to do. In dealing with a crisis, experience teaches us that steps to address the immediate problem must support a long-term strategy. Yet it is far from clear that we are taking the steps most important to America's long-term economic prosperity.

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GM Cuts Costs to the Bone

Thu, 23 Oct 2008 00:00:00 -0700

Business Week - By David Welch - Oct. 23 (News Report) - Cash is getting so tight at General Motors (GM) that management has launched another wave of cost-cutting. The company is even scrutinizing the electricity bills. Auto sales are in their worst slump in decades, resulting in a cash burn rate of about $1 billion a month at GM. The company is selling assets to raise money, but as the economic slump appears to be gaining traction, GM is now delaying new models, cutting benefits, laying off salaried workers, and looking at even small items like utility bills. The latest round of cuts show just how quickly the world has changed around GM and how much pressure the company is under. In July, Chairman and CEO G. Richard Wagoner announced a plan to boost cash by $15 billion through cost-cutting, asset sales, and some borrowing. He said that the $15 billion would be enough even if sales fell to 14 million vehicles in the U.S. Last year, Americans bought 16.2 million vehicles.

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High Rate of H-1B Visa Fraud

Wed, 15 Oct 2008 00:00:00 -0700

Business Week - By Moira Herbst - Oct. 15 (News Report) - A report released Oct. 8 by the U.S. Citizenship & Immigration Services (USCIS) reveals that 13% of petitions filed for H-1B visas on behalf of employers are fraudulent. Another 7% contain some sort of technical violations.

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UAW: health care trust needs automakers' cash

Tue, 07 Oct 2008 00:00:00 -0700

Business Week - By Jeff Karoub - Oct. 07 (News Report) - United Auto Workers President Ron Gettelfinger said Tuesday that the union isn't willing to accept more overtures by cash-strapped Detroit automakers to delay payments to a trust fund that will take over retiree health care costs in 2010.

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Wall Street Bailout Could Crimp CEO Pay

Tue, 23 Sep 2008 00:00:00 -0700

Business Week - By Theo Francis - Sep. 23 (News Report) - As Congress and the Bush Administration negotiate over the terms of a financial rescue bill, Democrats on Capitol Hill are drafting language designed to rein in executive compensation, in particular controversial severance packages at foundering companies. And for politicians concerned about the growing backlash on Main Street over what many see as a bailout of Wall Street fat cats, executive pay is a ripe target. After all, average total pay for a CEO at one of the 500 biggest companies last year was $12.8 million, double what it was a decade ago. But compensation attorneys and experts say many of the restrictions could prove tough to enforce.

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