Well, nobody expected immigration reform that quickly. The New York Times reports that Congress is due to vote on an immigration bill this week. The only problem is that it’s an old bill, and a bad one at that.
They are an unlikely pair overseeing very different companies, in very different industries, in very different countries: the glamorous London-based Burberry CEO Angela Ahrendts and the management-wonky Delhi-based HCL Technologies CEO Vineet Nayar.
US online sales on Black Friday crossed the billion-dollar mark this year. But that record for the day after Thanksgiving pales next to China’s Internet buying binges, technology entrepreneur Kai Fu Lee writes on LinkedIn today.
Bombay’s biggest boss has died.
US President Barack Obama meets with business leaders today, but Wall Street will be conspicuously absent. Perhaps that’s why Goldman Sachs CEO Lloyd Blankfein ventured to The Wall Street Journal’s op-ed page today to lay out his wish list for fiscal-cliff negotiations.
Women famously hold up half the sky—but just 13.7% of corporate board seats in Europe.
The Republicans have a diversity problem on their hands. Six out of 10 white voters chose Mitt Romney, while blacks (93%), Asians (73%) and Latinos (71%) overwhelmingly voted for Barack Obama. So far, strategy has focused on getting the GOP to embrace immigration reform.
Foreign companies don’t quite know what to make of China’s leadership transition. Maybe that’s why Honeywell CEO David M. Cote’s simple advice tonight—telling businesses not to overthink their overseas strategy—made so much sense.
It was supposed to be a nail-biting night. So how did US President Barack Obama win so handily? The 2012 results reflect a combination of a winning strategy from the Democrats, some missteps from the Republicans, and the reality of shifting demographics across the US. That’s the take from a smattering of media coverage this morning, including two important articles on the front page of this morning’s Wall Street Journal. They argue:
Now that power is slowly returning to much of the New York-New Jersey region after Hurricane Sandy, there’s a new dividing line of the haves and have-nots: Gas.
With the launch of the iPad Mini, Apple is officially coming after female customers. Initial advertisements for the Mini will be rolled out around magazines and TV shows that cater to women. But marketing alone does not a market make.
During the Great Recession, Goldman Sachs’ corporate jets were linked to a culture of excess. Hurricane Sandy has lowered the bar for public outrage: Now it’s directed at the investment bank’s generators.
Hurricane Sandy hasn’t yet touched down on New York City but it’s already affecting global markets.
Airbnb is flying high. Today comes the news that the company might be valued at $2.5 billion. The number of nights booked through the online subletting service soared to 10 million by June 2012, five times what it was a year earlier.
And now Dubai wants to build the Taj Mahal.
Chinese author Mo Yan has been awarded the Nobel Prize in literature. He is best known for his novels that formed the basis of the film Red Sorghum. The Nobel committee lauded Yan’s work, saying he “with hallucinatory realism merges folk tales, history and the contemporary.”
Congratulations, Marissa Mayer, on the birth of your baby boy and welcome to the world of motherhood—and eternal judgment.
When Francois Hollande was elected the 24th President of the Republic earlier this year, France had great expectations. Hollande, the ex-officio co-Prince of Andorra, is world famous in socialist circles. He spent 11 years as the First President of the French Socialist Party. And he’s bullish on taxes.
When Francois Hollande was elected the 24th President of the Republic earlier this year, France had great expectations. Hollande, the ex-officio co-Prince of Andorra, is world famous in socialist circles. He spent 11 years as the First President of the French Socialist Party. And he’s bullish on taxes.
Time for an upgrade. The new iPhone 5 is taller, leaner, and lasts longer. But this one might be husband material yet: He’s pretty terrible with directions.
The formula to friendship. Steven Strogatz in The New York Times answers the question of why your Facebook friends always seem to have more friends than you. In a colossal study of millions of Facebook users, researchers found “the average number of friends of friends is always greater than the average number of friends of individuals.” No duh, you say? To reach that conclusion, though, involved invoking algebraic equations like:
What’s the best way to motivate employees to do their best?
Drop the QE3 talk. Ruchir Sharma in the Financial Times says the Federal Reserve’s actions burst the commodities bubble and increased the wealth gap. “…the poor are hit hardest by rising commodity prices… This link between monetary easing and inequality is a byproduct of the new liquidity link between stock prices and oil prices.”
Drop the QE3 talk. Ruchir Sharma in the Financial Times says the Federal Reserve’s actions burst the commodities bubble and increased the wealth gap. “…the poor are hit hardest by rising commodity prices… This link between monetary easing and inequality is a byproduct of the new liquidity link between stock prices and oil prices.”
