Category: Business News

If Nokia Disappears, Don’t Blame CEO Steve Elop

If Nokia Disappears, Don’t Blame CEO Steve Elop

Stephen Elop: True believer. (Photo by  Chris Ratcliffe/Bloomberg) Stephen Elop does not appear to be interested in eating my brain. At least not yet. The Nokia CEO is on a couch at the company’s San Francisco p.r. firm, holding court...

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either

On Oct. 5, the Bureau of Labor Statistics announced that the official unemployment rate had dropped from 8.1% to 7.8% — a surprisingly sharp decline given the slow pace of growth in the U.S....

Who Should Pay More in Taxes?

Who Should Pay More in Taxes?

Perhaps the affluent should pay more income tax, but the middle class will end up footing most of the bill – because that’s where the real money is. The late Louisiana Senator Russell Long...

Vikram Pandit Falls on His Sword. But Who Can Save Citigroup?

Vikram Pandit Falls on His Sword. But Who Can Save Citigroup?

When Vikram Pandit took over Citigroup in 2007, he was seen as an unlikely choice. In an industry dominated by white, glad-handing alpha males, Pandit is a bookish Indian immigrant known for his financial...

Motor Trend SUV of the year: Mercedes GL

Motor Trend SUV of the year: Mercedes GL

By Peter Valdes-Dapena @PeterDrives October 15, 2012: 6:27 AM ET   NEW YORK (CNNMoney) — The Mercedes-Benz GL, a large luxury SUV, was named SUV of the Year by Motor Trend, the magazine announced Monday. The GL...

SoftBank buying 70% stake in Sprint

SoftBank buying 70% stake in Sprint

By Charles Riley @CNNMoneyTechOctober 15, 2012: 9:31 AM ET   Sprint Nextel is the third-largest wireless carrier in the U.S. HONG KONG (CNNMoney) — Sprint Nextel on Monday said that it has agreed to...

There’s no quit in Michael Porter

There’s no quit in Michael Porter

He has influenced more executives – and more nations – than any other business professor on earth. Now, at 65, he and an all-star team aim to rescue the U.S. economy. By Geoff Colvin,...

China Weaponizes Trade and Investment

China Weaponizes Trade and Investment

Chinese Vice Minister of Foreign Affairs Dai Bingguo. (Photo credit: Wikipedia) On Tuesday, State Councilor Dai Bingguo and Foreign Minister Yang Jiechi attended the inaugural meeting in Beijing of the Foreign Ministry’s Department of...

The Best Times to Buy or Sell a House

The Best Times to Buy or Sell a House

The housing market, a reliable bellwether of the economy, seems to be bouncing back. Many of the nation’s largest home builders surprised analysts by reporting a profit in the quarter that just ended. Home...

Apple’s iPad mini unveiling reportedly set for Oct. 23

Apple’s iPad mini unveiling reportedly set for Oct. 23

An analyst who says he’s handled a “pilot” model reports that it fits “like a glove” The iPad and a mock-up of its little sister. Image: 9to5Mac FORTUNE — The drumroll in advance of...