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Bloomberg Blooms; Forbes Wilts
Merrill Lynch's sale of its 20 percent stake in Bloomberg for $4.5 billion -- in a widely leaked deal expected to be announced Thursday -- places a value of $22.5 billion or more on the New York Mayor's privately held firm. The Times notes that Michael Bloomberg...
Wallstrip Chat: Peter Kafka and the new face of journalism
After eight years at Forbes, he is managing editor at Silicon Alley Insider. Peter Kafka sits down with Julie Alexandria to share his thoughts on the future of newspapers and magazines, the 2008 recession, and the hit TV show "American Idol."
Schering's CEO, a Failed Trial and $16 Million
Forbes' Matthew Herper and Michael Maiello have just jumped on a subject we alluded to -- perhaps too obliquely -- a few weeks back in discussing the eye-popping $30 million Schering-Plough CEO Fred Hassan pulled down in 2007. Not only did Schering post a $1.5 billion loss that year, it...
IAC: Trimming the Fat
CEO Diller is breaking up his media conglomerate, keeping his favorites and setting the rest adrift. But Liberty Media, the majority stake shareholder, is moving to thwart his dastardly plans.
African Investments Worth a Look
We've blogged before about whether you should consider investing in Africa. It might sound crazy, but some of American business's toughest competitors are already there in force, there are a lot of undervalued assets , and ethical investment can sometimes be the most effective form of humanitarian aid. ...
YouTube at Work; Why Your Employees Should Be on There
In a post about Intel's new office design plans, we included a link to a hysterical Conan O'Brien spot that was posted on YouTube. Did you consider whether you should watch it at work? You wouldn't want to give your employees the impression that YouTube has a place in the office, right?...
How Much Is Your Company's Healthcare Liability?
GM has a total healthcare liability of $64 billion. No wonder the ongoing talks with the UAW are tense and the industry as a whole is struggling to compete (for a fascinating look at how the way America pools risk handicaps auto makers, check out this article by Malcolm Gladwell)....
How to Capitalize on Microtrends
If your product appeals to 1% of people, that's not good news, is it? Writing in Forbes this week, Mark J. Penn, CEO of Burson-Marsteller, reminds us that 1% of 300 million Americans is still 3 million customers, "enough to generate a new social movement, a successful product, a best-selling...
A Killer Commute: Escape From Diesel Exhaust
Some people get scared driving next to trucks, but most of them don't know all the risks associated with doing so. Researchers from the Clean Air Task Force estimate that the average American spends 6 percent of the day commuting to and from work-- and in that time breathes in...
Forbes Special Report on Achievement
Forbes has a special report on Achievement. Specific articles below. Quote of the day: "Great people judge themselves failures, and those who accomplish nothing swell with pride." Thanks Nitin for the pointer.Confessions Of A Recovering Overachiever Alexandra Robbins ...
The Specialized Enterprise: A Fundamental Redesign of Firms and Industries
In the past, practical limitations forced companies to build their business models around only one of these attributes, keeping significant achievement of the others an intense desire but impractical to implement. Now CEOs sense - correctly - that times have changed. Information and communications technologies have made the world a...
Pay As You Go
In a decade of failed attempts to curb their growing traffic problems, the Dutch have tried strict regulations, high car taxes and much-hated toll booths. Now they may give supply-demand curves a go. Now that the technology is readily available, the biggest problem is public acceptance. This is the issue...
Partner or Perish
It has been observed that in a global market tied together by the Internet, corporate partnerships and alliances are proving a more productive way to keep companies growing. Strategic alliances are not new. What is new is the way they are fast becoming the instruments of choice for companies seeking...
Additional Resources
BzzAgent Guarantees Word of Mouth Will Outperform Other Media by 20%
"Word of Mouth Impact Guarantee" Focuses on Awareness, Opinion, Purchase Intent, Sales BOSTON -- Underscoring its confidence in word of mouth WOM as the advertising industry's most effective medium, BzzAgent, Inc. today announced the market's first "WOM Impact Guarantee" program. The initiative ensures that WOM will outperform by...
Odds-on winners BETTING BETTING While many will rue the loss of
WHILE Tiger Woods rests his wounded knee at his luxury Florida home this week, he can comfort himself with the knowledge that his pain is being felt in the boardrooms of such sponsors as Nike and Buick, whose endorsement dollars are devalued considerably by his absence from Birkdale, and among...
'Once-in-a-lifetime' deal lured Stewart
JOLIET, Ill. -- Tony Stewart will be putting his reputation on the line in becoming a Sprint Cup Series owner. That's apparently all he will be risking. In announcing a "once-in-a-lifetime opportunity" Thursday, the two-time champion confirmed he got a 50% stake in Haas CNC Racing...
Goodyear Named One of America's Most Respected Companies
AKRON, Ohio, July 10 /PRNewswire-FirstCall/ -- The Goodyear Tire & Rubber Company has been recognized as one of America's most respected companies by the Reputation Institute RI and Forbes magazine. (Photo: http://www.newscom.com/cgi-bin/prnh/20080710/CLTH112 ) (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) Goodyear ranked 16th on the magazine's...
Woods will become world's first billionaire athlete by 2010, report
NEW YORK AFP — Tiger Woods is on pace to pass one billion dollars in career earning by 2010, becoming the world's first billionaire to accumulate his fortune by playing sports, says Forbes Magazine. The 14-time major championship winner earned 115 million dollars in 2007 alone, said the...
Russia's Abramovich relieved of governor's post
MOSCOW AFP — Russian President Dmitry Medvedev has relieved billionaire Roman Abramovich of his duties as governor of the remote Chukotka region at the tycoon's request, the Kremlin said Thursday. Medvedev signed a decree accepting "the resignation of the governor of the Chukotka autonomous region, Abramovich, at his...
Oprah tops Forbes' star list of the rich, powerful
[ILLUSTRATION OMITTED] For the second year in a row talk show host Oprah Winfrey claims the No. 1 spot as the world's most powerful celebrity, according to Forbes magazine's annual Celebrity 100 list. Out of the compiled list of 100 stars, Winfrey earned the most money...
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