Bernard Madoff conned even the most sophisticated of clients, such as Fairfield Greenwich Group, through a simple tactic whenever he was asked probing questions: He refused to answer or he lied.. Source: Bloomberg News Date: 4/03/2009 Keys: Investing, government, regulation, ethics, law Link: http://www.bloomberg.com/apps/news?pid=20601170&refer=special_report&sid=asYX4sfz1XhY Questions for discussion: What lessons did you learn about risk and… Read more »
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YouTube Partners with Universal Music
YouTube has partnered with Universal Music Group (UMG) to launch a new music video service called Vevo. Under their agreement, YouTube will provide the infrastructure for a new site at Vevo.com, to be populated with video from artists on UMG-owned labels such as Decca, Def Jam, Mercury Records, and Verve. YouTube will also host those… Read more »
Research In Motion 4Q Rev, Net Beat Expectations
Research In Motion Ltd.’s (RIMM) shares jumped almost 22% in after-hours trading after the company offered better-than-expected first-quarter earnings and margin guidance. Source: WSJ Date: 4/02/2009 Keys: Marketing, technology, finance, stock market Link: http://online.wsj.com/article/BT-CO-20090402-718397.html Questions for discussion: Although the industry leader in the corporate market, RIM faces stiff competition from competitors such as Apple’s iPhone… Read more »
On the Rebound: Dow Closes Near 8,000
Markets around the globe — in London, Paris, Frankfurt and New York — all staged powerful rallies Thursday on hopeful signs that the world’s biggest economies are committed to working together to end the global recession. At the G-20 summit in London Thursday, world leaders agreed to infuse $1.1 trillion in loans and guarantees to… Read more »
Buzz rises for Facebook IPO
Facebook is gearing up to befriend investors. That, at least, is the chatter around Silicon Valley after the social networking darling booted its chief financial officer. But an IPO would be risky given Facebook’s business model is still unproven – unless it has a gun to its head. Source: WSJ Date: 4/02/2009 Keys: finance, management,… Read more »
Where Wagoner went wrong
Fortune’s Alex Taylor III says GM’s former CEO didn’t execute needed drastic changes. Embedded video from <a href=”http://money.cnn.com/video” mce_href=”http://money.cnn.com/video”>CNNMoney.com Video</a> Source: CNN – video report Date: 3/31/2009 Keys: Management , leadership, decision-making, organizational re-structuring, government Link: http://money.cnn.com/video/news/2009/03/31/fortune.sl.taylor.gm.033109.fortune/index.html Questions for discussion: Do you agree with the Taylor’s analysis and explanation of GM’s failure? Would you have… Read more »
I.B.M., Looking to Buy Sun, Sets Up a Software Strategy
I.B.M.’s interest in acquiring the server computer maker Sun Microsystems for nearly $7 billion may seem at first to be a reversal of its recent efforts to move away from the hardware business. But analysts say there is more to Sun than servers, which are used in corporate data centers. They say its strengths in… Read more »
Food Industry Safety Inspections Challenged
The food industry’s self-policing system failed to catch poor conditions at a peanut processing plant blamed for a nationwide salmonella outbreak, lawmakers said Thursday. The House Energy and Commerce investigations subcommittee released new documents and pictures Thursday that attested to long-standing sanitary problems at facilities owned by Lynchburg, Va.-based Peanut Corp. of America. The company… Read more »
AIG names names, now what?
How did the largest insurance company in the world fall apart? Who’s to blame? Watch Poppy Harlow’s attempt to explain the decisions being made by managers, investors and governments. Source: CNN – video report Date: 3/16/2009 Keys: Finance, stock markets, banking, insurance, government Embedded video from &amp;amp;amp;lt;a href=”http://money.cnn.com/video” mce_href=”http://money.cnn.com/video”&amp;amp;amp;gt;CNNMoney.com Video&amp;amp;amp;lt;/a&amp;amp;amp;gt; Link: http://money.cnn.com/video/news/2009/03/16/news.031609.maloney.cnnmoney/ Questions for discussion:… Read more »
