Bonuses, Anyone?

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Alan Johnson is among a small group of behind-the-scenes information brokers who help determine how Wall Street firms distribute billions of dollars to their workers. He operates as a compensation consultant in an obscure corner of the management consulting industry and in the shadows of high finance. Questions: 1. What was the most interesting thing… Read more »

First-Class Travel Has Never Been So Good, For Those Who Can Afford It!

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Though first class represents less than 5 percent of all seats flown on long-haul routes, and business class accounts for 15 percent, those seats combined to generate 40 to 50 percent of airlines’ revenue, according to Peter Morris, the chief economist at Ascend, an aviation consulting firm. After its merger with Continental last year, United… Read more »

We Did Everything Right and Still Lost Our Business: Five Failing Businesses in 2011

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It has been another tough year for small businesses. According to the National Federation of Independent Businessesm one in four believes the biggest problem is weak sales. Issues of timing, cash, and a lack of realistic estimates also add to the challenges they face. Questions: 1. After reading the article, what advice would you offer… Read more »

The Big Bank of America Settlement

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On November 7, 2011, a federal judge gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade.  The settlement became final a week after Charlotte, N.C.-based Bank of America backed off a plan to charge… Read more »

Typos cost businesses money

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Websites could be losing millions in online sales because of poor spelling and grammar. This is because Internet users are becoming more wary of scams which are typically riddled with errors and are then reluctant to make purchases on websites. As the BBC reported in July 2011, Charles Duncombe, an Internet entrepreneur based in the… Read more »

Financial Crisis in Greece

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While banks and European leaders hold abstract talks in foreign capitals about the impact of a potential Greek default on the euro and the world economy, something frighteningly concrete is under way in Greece: the dismantling of a middle-class welfare state in real time — with nothing to replace it. Since 2010, the government has… Read more »

Tax Breaks Galore in Video Games

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The United States government offers tax incentives to companies pursuing medical breakthroughs, urban redevelopment and alternatives to fossil fuels, but also to video game producers. They are able to combine tax breaks across software development, the entertainment industry, and online retailing for a bonanza effect. Electronic Arts, founded in 1982, has since become one of… Read more »

Ostrich Farming, Anyone?

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Ostrich meat, although poultry is red, not white like most other birds. This red meat, which looks and tastes much like beef, is lower in fat, calories and cholesterol than not only beef, but also white meats like chicken and turkey. Ostriches belong to a family of birds called ratites, which includes emus and rheas… Read more »

What’s the news about Spotify?

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Online music service Spotify has launched what it hopes to be an iTunes rival, allowing users to synch music on their iPods and other MP3 players without using Apple’s proprietary service. Can Spotify’s success in Europe be repeated on American soil? This question should be put to test starting now as the music-streaming company officially… Read more »

Do great products translate into great profits?

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So far the summer of 2011 has seen its share of giant wildfires. Recently GelTech Solutions, Inc. was profiled in CNN – Your Money’s segment on small businesses for its product – FireIce. The company is committed to continuing the work of developing sustainable solutions that solve common problems and maintain the integrity of the… Read more »