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Repeat Breast Cancer Surgery Varies Widely for Little Reason

Tue, 31 Jan 2012 22:29:00 -0800

Business Week - Jan. 31 - (Updates with treatments in fifth paragraph.) Jan. 31 (Bloomberg) -- The number of repeat surgeries in women who had a breast tumor removed varies dramatically based on their individual surgeons and medical centers, without any clear reason for the discr

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U.S. Senate Passes Iran Oil Sanctions as EU Blacklist Grows

Fri, 02 Dec 2011 20:51:00 -0800

Business Week - Dec. 02 - (Updates with oil settlement prices in 11th paragraph.) Dec. 2 (Bloomberg) -- The U.S. Senate took aim at the Iranian central bank in an effort to choke off oil exports, while the European Union stopped short of targeting crude as it tightened sanctions

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Fed Lowers Growth Outlook for Next Year, Sees 8.6% Unemployment

Wed, 02 Nov 2011 00:00:00 -0700

Business Week - By Craig Torres - Nov. 02 (News Report) - Federal Reserve officials lowered their outlook for U.S. economic growth in 2012 and forecast that unemployment will average from 8.5 percent to 8.7 percent in the final three months of next year. The forecasts were released after the Federal Open Market Committee today acknowledged economic growth “strengthened somewhat” in the third quarter while also citing “continuing weakness” in labor markets and “significant downside risks” to the economic outlook. The committee left unchanged its plans to lengthen the maturity of its bond portfolio and maintain its mortgage-backed securities investments, and keep the federal funds rate in a range of zero to 0.25 percent until mid-2013.

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David Graeber, the Anti-Leader of Occupy Wall Street

Thu, 27 Oct 2011 00:00:00 -0700

Business Week - Oct. 27 (Opinion) -

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China, India Protesters Are the Real ’99 Percent’: Pankaj Mishra - Businessweek

Sun, 23 Oct 2011 17:57:07 -0700

Business Week - Oct. 23 - China, India Protesters Are the Real '99 Percent': Pankaj MishraBusinessWeekIt's more than interesting that no significant gestures of solidarity came from the cities of India and China, two of the world's fastest-growing economies. On the face of it, this is not so surprising. The metropolitan Indian and Chinese peers of the ...and more »

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India’s GVK Said to Plan to Hire Banks for $1 Billion Loan

Tue, 20 Sep 2011 00:00:00 -0700

Business Week - By Katrina Nicholas - Sep. 20 (News Report) - GVK Power & Infrastructure Ltd., a builder of airports and utilities controlled by Indian billionaire GV Krishna Reddy, expects to hire banks to help organize a $1 billion loan as early as next week, according to a person with direct knowledge of the matter. The company agreed to pay $1.26 billion earlier this month to acquire coal projects from Australia’s Hancock Prospecting Pty. and will invest at least $6.5 billion over the next eight years to develop the mines.

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Judges in US, Canada approve Nortel patents sale

Mon, 11 Jul 2011 00:00:00 -0700

Business Week - By Randall Chase - Jul. 11 (News) - U.S. and Canadian judges on Monday approved a $4.5 billion cash bid from a consortium that includes smartphone makers Apple and Research In Motion for thousands of patents held by bankrupt telecom-equipment maker Nortel Networks Corp.

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Nigeria Gunmen Attack Police Stations, Bank in Northeast City - Businessweek

Fri, 27 May 2011 12:31:38 -0700

Business Week - May. 27 - Gunmen in Nigeria suspected to be Islamic militants attacked two police stations and a bank today in the northeastern city of Maiduguri today, killing six people, police said.

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Summers Says Technology Bubble Concern Shows Sentiment Gain

Fri, 20 May 2011 00:00:00 -0700

Business Week - By Zhang Dingmin - May. 20 (News Report) - Former U.S. Treasury Secretary Lawrence Summers said rising concern that technology stocks are in a bubble shows how sentiment has rebounded since the 2007- 2009 American mortgage and credit collapse. “Who could have imagined that the concern with respect to any American financial asset, just two years after the crisis, would be a bubble?” Summers, who is now a professor at Harvard University, said at a conference today in Shanghai. “Yet that concern is increasingly raised with respect to American technology, with respect to certain other American assets. That is a reflection of the resumption of confidence.” LinkedIn Corp., the largest professional-networking website, more than doubled yesterday after its initial public offering, an echo of some of hottest stocks in the dot-com boom. Yahoo! Inc. rose 154 percent when it first traded in 1996. Elsewhere, U.S. farmland prices may be in a bubble, Federal Reserve Bank of Kansas City President Thomas Hoenig said earlier this year. “Today there are very substantial risks, to be sure, but the economy is growing, unemployment is falling and financial conditions are normalized,” said Summers, who was director of the White House National Economic Council in the Obama administration from 2009 to 2010. Summers said the “central irony” of a financial crisis is that it’s caused by too much confidence, borrowing and lending, and is resolved by more confidence, borrowing and spending. He was Treasury chief from 1999 to 2001 under President Bill Clinton, a term that coincided with the collapse of technology shares. The Nasdaq Composite Index slid 39 percent in 2000.

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Aussie, N.Z. Dollars Erase Drop Triggered by Death of Bin Laden

Mon, 02 May 2011 12:46:02 -0700

Business Week - May. 02 - The Australian and New Zealand dollars erased their declines against the greenback that came after U.S. President Barack Obama said Osama bin Laden had been killed.

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Japan Stocks Traded in U.S. Fall as Oil Surges; Australia Gains

Thu, 31 Mar 2011 17:56:08 -0700

Business Week - Mar. 31 - Japanese stocks traded in the U.S. fell after oil prices surged, raising concern that higher energy costs will hamper the nation’s economic recovery. Australian stocks rose.

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Oil Climbs on Allied Military Strikes in Libya, Mideast Unrest - Businessweek

Mon, 21 Mar 2011 00:00:00 -0700

Business Week - Mar. 21 (News) -

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Obama Said to Consider Kindler, Schmidt for Commerce Secretary

Thu, 10 Mar 2011 00:00:00 -0800

Business Week - By Hans Nichols - Mar. 10 (News) - President Barack Obama may look to the business community for his next secretary of Commerce with former Pfizer Inc. Chief Executive Officer Jeffrey Kindler and Google Inc. CEO Eric Schmidt among potential candidates, according to a person familiar with the process.

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Buffett Seeks ‘Major Acquisitions’ After Berkshire Profit Gains

Sun, 27 Feb 2011 00:00:00 -0800

Business Week - By Andrew Frye - Feb. 27 (News) - Warren Buffett said he’s looking for “more major acquisitions” after the purchase of the Burlington Northern Santa Fe railroad helped increase fourth-quarter profit and cash holdings at his Berkshire Hathaway Inc.

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USA Inc.: Red, White, and Very Blue

Sat, 26 Feb 2011 00:00:00 -0800

Business Week - By Mary Meeker - Feb. 26 (Special Report) - The bottom line on USA Inc.? Cash flow and net worth are negative, profits are rare, and off-balance-sheet liabilities are enormous. The "company" has underinvested in productive capital, education, and technology—the very tools needed to compete in the global marketplace. Lenders have been patient so far, but the sky-high rates on the sovereign debt of Greece, Ireland, and Portugal suggest what might lie ahead for USA Inc. shareholders and our children. By our rough estimate, USA Inc. has a net worth of negative $44 trillion. That comes to $143,000 per capita. Negative. To be fair, the net worth calculation leaves out some assets, including, most importantly, the power to tax. Which simply means that the government can improve its own finances by worsening those of its citizen-shareholders. Medicare and Medicaid are the crushers for USA Inc. Excluding them and one-time charges, the "core business" shows a median net profit margin of 4 percent over the past 15 years. USA Inc.'s core operations were in surplus nine of those years. In the early years of the Republic, the only entitlements were military pensions. The big change came with the 1930s and World War II, when the federal government substantially expanded its role in the economy (in effect, its "business lines"). Entitlements experienced a surge in the Great Society of the 1960s. Since 1965, the nation's gross domestic product has increased about 2.7 times over, but entitlement expenses have increased 11.1 times over. What do Americans have to show for it? Evidence suggests that when the government provides, families do less for themselves: There is an 82 percent correlation between rising entitlement spending and falling personal savings rates. With the aging of my baby boom generation, things will get even worse.

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U.S. Said to Examine New Apple Service for Violations

Fri, 18 Feb 2011 00:00:00 -0800

Business Week - By Jeff Bliss - Feb. 18 (News) - The U.S. Justice Department and the Federal Trade Commission are examining whether Apple’s new media subscription service violates antitrust laws, according to two people familiar with the matter.

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Google Shuffles Its Executive Suite

Thu, 20 Jan 2011 22:47:19 -0800

Bloomberg - By Brian Womack - Jan. 20 () - Jan. 21 (Bloomberg) -- Google Inc. co-founder Larry Page will become chief executive officer, taking the reins from Eric Schmidt, who oversaw the transformation of a barely profitable startup with 200 employees into the owner of the world’s most- used se

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Secondhand Smoke Tied to High Blood Pressure in Kids

Tue, 11 Jan 2011 12:39:01 -0800

Business Week - Jan. 11 - TopNews Arab EmiratesSecondhand Smoke Tied to High Blood Pressure in KidsBusinessWeekMONDAY, Jan. 10 (HealthDay News) -- Young kids who live with a parent who smokes face an increased risk for developing high blood pressure while still children, a new study has found. Warning that children with high blood pressure often ...Second Hand Smoking Raises Children's Blood Pressure.KidGlueParents' Smoking Is a Risk Factor for Childrens High BPDoctors LoungeKids with smoking parents have high BPTimes of IndiaDaily Health Report -TIME -abc7.comall 45 news articles »

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Dodging Repatriation Tax Lets U.S. Companies Bring Home Cash

Tue, 28 Dec 2010 00:00:00 -0800

Business Week - Dec. 28 (News) - Dec. 29 (Bloomberg) -- At the White House on Dec. 15, business executives asked President Obama for a tax holiday that would help them tap more than $1 trillion of offshore earnings, much of it sitting in island tax havens. The money -- including hundre

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Senate Votes to Repeal Ban on Gays in Military

Sat, 18 Dec 2010 00:00:00 -0800

Business Week - Dec. 18 (News) - The U.S. Senate voted today to repeal the dont ask, dont tell ban on military service by openly gay men and women.

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Nigeria to Charge Dick Cheney in Pipeline Bribery Case

Thu, 02 Dec 2010 00:00:00 -0800

Business Week - By Elisha Bala-Gbogbo - Dec. 02 (News) - Nigeria will file charges against former U.S. Vice President Dick Cheney and officials from five foreign companies including Halliburton Co. over a $180 million bribery scandal, a prosecutor at the anti-graft agency said.

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NASA: Lost in Space

Thu, 28 Oct 2010 00:00:00 -0700

Business Week - Oct. 28 (News) - Robert Cabana, director of the Kennedy Space Center, in front of the Shuttle Discovery as it awaits one final flight Stefan Ruiz Preparing for a final journey: The Space Shuttle Atlantis, from beneath Stefan Ruiz A side view of the Space Shuttle

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India Calm After Order to Divide Ayodhya Land, Chidambaram Says

Fri, 01 Oct 2010 00:00:00 -0700

Business Week - By Bibhudatta Pradhan - Oct. 01 (News) - India has responded in a “respectful and dignified” way to a court verdict dividing a disputed religious site between Hindus and Muslims, Home Minister Palaniappan Chidambaram said today.

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Repeal of Ban on Gays in Military Nears Senate Vote

Tue, 21 Sep 2010 00:00:00 -0700

Business Week - Sep. 21 (News) - The Senate plans to vote today on whether to take up defense legislation that would allow repeal of the ban on gays serving openly in the U.S. military.

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Alaska Senator Murkowski Seeks Re-Election in Write-In Campaign

Sat, 18 Sep 2010 04:10:04 -0700

Business Week - Sep. 18 - Sept. 18 (Bloomberg) -- Alaska Senator Lisa Murkowski will try to return to Congress with a write-in campaign, after losing a renomination battle to a Republican primary challenger backed by Sarah Palin and the Tea Party movement. “Today, my friends,

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