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Business news and Fortune 500 - FORTUNE Magazine
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Time to raise the gas tax
The big game in Washington these days consists of running around dealing with the problems of the Detroit Three automakers, formerly the Big Three.
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The recession in your state
As you pile the family into the car and head home for Thanksgiving, you may want to give a little thought to how your home state is weathering the economic crisis.
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The stock to buy when regulators call
In the mess that has enveloped companies and the broader economy, there is a lot of finger pointing and blame being thrown about. Some people have the patience to wait for karmic retribution. For the rest of us, there are securities lawyers and regulators aplenty to mete out punishment.
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Sony's digital gamble
Ty Roberts, CTO OF Gracenote, recently took his 8-year-old son to a Jonas Brothers concert. A sea of screaming teens used their cell phones to take pictures and record videos of the hit Disney Channel band.
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A TARP report card
It may be years before we can judge the government's success in fighting the financial crisis. But an early assessment of Henry Paulson's Troubled Asset Relief Program is already taking shape.
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A hit-driven Christmas
Toymakers hope that a few standout toys can rescue holiday sales from a consumer spending slowdown. Here are five toys that experts think picky parents will buy.
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Where business is booming
Cold, landlocked, and boasting as its largest metropolis the city of Saskatoon, Saskatchewan may not be top of mind for most Americans. But the Canadian province is one of the richest spots in the world when it comes to natural resources. It's the world's largest producer of uranium. It's the biggest producer of the fertilizer potash (current price: $1,000 a ton, up from $300 this time last year). It is the world's largest exporter of green lentils and chickpeas. And it's home to enormous supplies of oil and gas: The U.S. buys more oil from Saskatchewan than it does from Kuwait. No wonder the CEO of one Fortune 500 company - Jim Prokopanko of Mosaic, which has a potash mine near the town of Esterhazy - describes the prairie province as "the next sovereign wealth fund."
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EMI in talks to outsource U.S. operations
EMI, one of the world's largest record companies, is considering turning over its distribution, sales and marketing operations in the United States to a rival in an attempt to cut its extensive losses, music industry sources said Friday.
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A house that thinks
Inside a white-brick house nestled in Houston's leafy Montrose neighborhood, a gray handheld video display sits on the living room coffee table. But this is no ordinary remote control. Called the Insight and made by Tendril, a Boulder startup, the device communicates wirelessly with the home's utility meter, letting you track real-time information about the cost of the electricity you consume.
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Need a loan? 5 alternatives to banks
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Citizen Nike
Posing as a fashion buyer, an Australian TV reporter gained entry to a Malaysian T-shirt factory, where foreign migrant workers told a grim tale. They had been forced to surrender their passports while their wages were being garnished to pay off hefty recruiting fees. Worse still, they were living in crowded, filthy rooms.
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BlackBerry maker battles back
As the first snow of the season dusts the Research in Motion campus next to the University of Waterloo, an hour southwest of Toronto, Mike Lazaridis polishes a tiny BlackBerry screen, places it on the table, and sends it whipping foosball-style through a sea of smartphone components. The company's co-founder and co-CEO then pulls out a circuitboard and points to an encased chip the size of a Scrabble tile.
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Fears are overblown
Bear in mind two caveats as you peruse these comments. First, I run a hedge fund, so I am hardly an unbiased observer. Second, nobody, and I mean nobody, really knows what hedge fund liquidity is or what redemptions are or will be.
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Back to the future
In 1970, Fortune's Carol J. Loomis looked at how the bear market was bedeviling the hedge fund industry.
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Ospraie in a corner
Years before Dwight Walter Anderson was running the world's largest commodities hedge fund from an office 27 floors above New York City's Park Avenue, he was on the road for a software consulting firm based in Chicago.
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Laid off? No, you've been 'simplified'
On his reality show "The Apprentice," Donald Trump plays to the cameras when he tells contestants they're fired. But in the real world, there's no easy way to tell employees they're losing their jobs.
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The genius behind Steve
Let's start with some uncomfortable truths. We wouldn't be publishing an article about the under-the-radar guy who's most likely to succeed Steve Jobs as chief executive of Apple if Jobs himself hadn't shown up at a company event in San Francisco in June looking frightfully skinny and pale.
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A goal we can believe in
We are now experiencing a full-blown crisis of confidence in America's economy. It shows up in consumer spending, which fell more than 3% in the third quarter, the sharpest drop since the dark days of 1980. Corporations are cutting their capital investments drastically for 2009. People see unemployment rising and have good reason to think it could happen to them, if it hasn't already. By September, 760,000 jobs had been lost in the U.S. this year, with more mass layoffs announced every day.
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Apple: The genius behind Steve
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Green power
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