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Business news IBM to Pay for Employees
Associated Press September 16, 2005 2:51 p.m. NEW YORK -- International Business Machines Corp., worried the U.S. is losing its competitive edge, will financially back employees who want to leave the company to become math and science teachers. The new program, being announced Friday in concert with city and state education officials, reflects technology-industry fears that U.S. students are falling behind peers from other countries such as India and China in the ... Ebbers Is Free Pending an Appeal
NEW YORK -- Former WorldCom Inc. chief executive Bernard J. Ebbers will be allowed to remain free while he appeals his conviction on fraud and conspiracy charges in connection with the $11 billion accounting fraud at the telecom giant now known as MCI Inc., a federal judge ruled yesterday. Mr. Ebbers, 64 years old, will serve an effective life sentence of 25 years if his conviction is upheld. Legal experts say his appeal could be expected to take about a year. "The ... Former Executives at Westar
KANSAS CITY, Kan. -- A federal jury on Thursday ordered two former Westar Energy Inc. executives convicted of looting the utility to relinquish millions of dollars in cash and assets. Former Chief Executive David Wittig was told to hand over his Topeka, Kan., home, thousands of shares of stocks, a life-insurance policy and $9.7 million in bonuses and other payments made while he worked at Westar, the state's largest electric utility. His co-defendant, former chief ... Housing-Bubble Talk Doesn't Scare Foreigners
Strong global demand for mortgage-backed securities is allowing U.S. lenders to make more, and riskier, loans, thereby helping to prolong the housing boom. Caution Urged on Home Loans The Mortgage Bankers Association, whose members have been promoting home loans with low initial repayments, urged consumers to choose such loans with care. Economists Handicap Housing Markets A number of top ... Unions Struggle to Retain Strength
By KRIS MAHER Staff Reporter of THE WALL STREET JOURNAL Union leaders expect the bankruptcy filings of Delta Air Lines and Northwest Airlines to increase pressure on other carriers to seek further cost cutting from their workers. The troubling reality for unions: There seems to be very little they can do to stop the trend. Many workers -- like the mechanics at Northwest, who refused to make concessions and went on strike -- can be supplanted by replacement ... U.S. May Reduce Boeing's Role
U.S. May Reduce Boeing's Role In Key Spy-Satellite Program By JONATHAN KARP and ANDY PASZTOR Staff Reporters of THE WALL STREET JOURNAL September 16, 2005 5:07 p.m. As part of a broad review of troubled classified space programs, Pentagon and intelligence officials may reduce Boeing Co.'s role in a key spy-satellite program and shift work to archrival Lockheed Martin Corp., according to officials familiar with the matter. The discussions ... Hang on for a tidal wave of bankruptcies
There's an Oct. 17 deadline looming: Changes in bankruptcy law will make erasing debts more difficult. But many who rush to file may find their troubles are worse later on. By Liz Pulliam Weston And the rush is on. Bankruptcy filings are rising in advance of a new federal law that will make erasing debts more difficult and complicated for some filers starting Oct. 17. Consumer filings were up 8% in the first three months of the year, according to the ... Consumer sentiment slumps after Katrina
By Ros Krasny CHICAGO (Reuters) - U.S. consumer confidence plummeted to a 13-year low in early September, battered by record high gasoline prices and the full force of Hurricane Katrina, a report showed on Friday. Separate data showed the U.S. current account deficit, the broadest measure of U.S. trade with the rest of the world, narrowed in the second quarter but remained at levels seen as unsustainable over the long term. The University of Michigan's ... Increasing Business Bigtime with a Successful Referral System
What I’ve discovered from most of my small business clients is that most would prefer to build their business through referrals rather than through direct mail, advertising in newspapers, radio, TV. However, most leave the referrals to a somewhat chaotic, unplanned approach. When they have a repeatable system of going after referrals their business growth suddenly explodes. Let’s look at something. Most of my clients find I emphasize the importance of having a measurable, ... Secrets to getting in front of your best prospects
As a salesperson, your ultimate goal, of course, is to make that sale. But the process begins with selecting your best prospect. The objective is to spend more time with your best prospects and less time with suspects. In order to do that, there are three ‘secrets’ or keys to getting in front of your best prospects: • Define or identify who your best prospect is. • Be active. The primary reason sales people fail is lack of activity and/or focus. • ... | ||
On the web: Indian business community reels after Satyam (AP via Yahoo! News)One of India's largest outsourcing companies struggled Thursday to retain an air of normalcy as the business community reeled from the news that the company chairman had been doctoring the books for years. Snow rakes help small business weather rough economic climate (CNN)One small business has found a way to dig itself out of the snowballing recession -- snow rakes. Lots of them. Police investigating shooting at Chesterfield business (St. Louis Post-Dispatch)CHESTERFIELD -- Police are on the scene of a shooting at a Chesterfield business. One woman was shot in the foot, police said. There was no immediate information about the shooter or if there were any other victims. Business leaders briefed on terror threat (BizJournals)Security officials briefed more than 300 business leaders Thursday morning on how to operate during inauguration weekend and what they can do to prevent and react to terrorism threats. Ex-O.C. Business Exec Pleads Guilty In Bribe Case (CBS 2 Los Angeles)A former Orange County industrial business executive has pleaded guilty to conspiracy for arranging $1 million in bribes to foreign officials. The U.S. attorney's office says Mario Covino of Irvine entered the plea Thursday and faces up to five years in prison. Covino, 44, worked for a company that designed and made control valves for use in the nuclear, coal, oil and power industries. 'It is business as usual' for Canadian lending, bank CEOs assert (The Canadian Press via Yahoo! Canada News)TORONTO - Senior Canadian bank executives say it's largely business as usual for lending by their institutions but there's no doubt the country is undergoing a credit crunch as other loan sources evaporate. Cleveland assembles business leaders to advise on airport operations (The Cleveland Plain Dealer)Mayor Frank Jackson has tapped the private sector for advice on how to operate the city-run Cleveland Hopkins International and Burke Lakefront airports. A dozen business leaders will sit on Jackson's strategic advisory committee, but the panel will have no... 7 movies that glamorize business travel (MSNBC)Portfolio.com's Joe Brancatelli suggests you take some time to relax, fire up the flat screen in the living room and find the angles in his favorite business-travel movies of all time. Japan funds banks to drive lending to business (Financial Times)Japan is stepping up efforts to encourage banks to lend more to business amid fears that a credit crunch will worsen in the run-up to the fiscal year-end on March 31. Free workshop offered for small-business owners (The Indianapolis Star)The U.S. Small Business Administration will host a free small-business workshop from 2 to 3:30 p.m. Jan. 21 at the its district's office on the Far Northside of Indianapolis. |
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