Top Finance News
Learn how innovation and knowledge management is leveling the playing field of the knowledge economy. Examples include: Daiichi Sankyo Group, Ranbaxy Laboratories, Boeing and its 787 Dreamliner, InnoCentive, the Linux operating system, Cementos Mexicanos, China’s Haier Group and changes in global Internet use.
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The mistakes organizations make when implementing and managing offshore and outsourcing initiatives can be understood in the context of the seven deadly sins. Offshore outsourcing, offshore development and moving jobs offshore can have significant cost reductions when adopting a fix and mix approach. This involves an analysis and improvement of operations prior to offshoring (fix), followed by a movement of specific functions offshore where appropriate (mix).
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This year, with high energy and food prices, the housing slump and credit market crisis muting consumer demand, Wall Street is bracing for a subdued performance from the technology industry--gadgets, devices, gaming consoles and computers--even during its busiest manufacturing season for the Christmas-spending holidays.
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The unexpectedly weak income and spending data combined with a jump in oil prices and disappointing earnings to drive stock prices down. In late morning, the blue chip Dow Jones industrial average was off more than 1 percent. Prices for U.S. government bonds, which react negatively to inflation, moved lower, while the dollar held steady versus the euro but slipped against the yen.
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Awaiting U.S. government approval, Google says it is trying to move forward with a deal to place Google search ads on the number two search engine, Yahoo, an indication that Google is pushing for this deal to obtain approval as quickly as possible.
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Gartner said it expects market growth to slow to 11 percent from 16 percent last year, while in U.S. dollar terms growth would slow to 9 percent from 11 percent. The world's top cellphone maker Nokia has forecast the market will fall this year in euro terms.
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Economists polled by Reuters had expected producer prices to rise just 0.6 percent in July, and had forecast that core prices would be up only 0.2 percent. A sharp decline in oil prices since mid-July led many investors to conclude that inflation pressures were subsiding. The steep jump in core prices rattled financial markets, driving stock futures down. The dollar gained in value on the prospect of higher rates.
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Washington's move marks an escalation in an increasingly rancorous dispute over the WTO's Information Technology Agreement (ITA) which eliminated duties on a range of high-tech goods from July 1997 to encourage trade.
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An insider in the Bush administration told Barron's that Fannie Mae and Freddie Mac "are being jawboned" by the Treasury Department and their new regulator, the Federal Housing Finance Agency, to raise more equity.
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Morgan Stanley, as reported by The Financial Times, is tying its promise to provide financing to hedge fund clients to the price of credit insurance on its own debt, it said. If the cost of the protection rises to a certain level, that would trigger a reduction in Morgan Stanley's commitments to hedge funds.
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Lyle Dennis, a New York neurologist who has emerged as a prominent enthusiast for the battery-powered car from General Motors, has been assembling a list of prospective Chevrolet Volt buyers for over a year through his Web site.
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Nearly 60 percent of 146 institutions surveyed in North America and Europe expect another major financial services firm to collapse in the next six months, and another 15 percent think it will happen in six to 12 months, according to a recent evaluation survey.
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The U.S. trade sector has been one of the bright spots for an economy struggling with a deep housing downturn and credit crunch, and analysts said the data suggested growth in the second quarter was stronger than previously thought.
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The rise of popularity in RIM's BlackBerry device for consumer and business audiences shows a steady increase in market share numbers in the United States.
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U.S. Treasury Secretary Henry Paulson and policy-makers have converted from proponents of hands-off government regulators to occasional interventionists given the state of the economy.