Month: August, 2008

Commerzbank to Acquire Allianz’s Banking Arm for $14 Billion

31 August, 2008 (23:56) | All

Under the terms of the deal, Commerzbank will initially acquire 60.2 percent of Dresdner, one of the oldest German banks, and will buy the remainder by the end of next year.

Treasury Auctions Set for This Week

31 August, 2008 (23:55) | All

The Treasury’s schedule of financing this week included the regular weekly auction on Thursday of new three- and six-month bills and an auction of four-week bills on Tuesday.

Googling in Person to Make Friends

31 August, 2008 (23:55) | All

Advertisers are grappling with the idea of Google, which spent many of its early years avoiding — and infuriating — advertising agencies, now shifting to embrace them.

A New Battle Is Beginning in Branding for the Web

31 August, 2008 (23:53) | All

Trademark issues may take on a higher profile, fueled by the escalating value of brands in general and trademark holders increasingly trying to assert their rights, especially on the Internet.

Vogue’s Fashion Photos Spark Debate in India

31 August, 2008 (23:49) | All

The juxtaposition between poverty and growing wealth presents an unsavory dilemma for luxury goods makers jumping into India.

The Media Equation: In Denver, a Thousand Little Pieces

31 August, 2008 (23:35) | All

The new media players who came to the Democratic convention were not there just to annotate mainstream coverage: they’re in the hunt themselves.

No slowing down energy drinks

31 August, 2008 (22:11) | All

Go Girl. King 888. Brain Toniq.

Rising food prices spur sales of freezers

31 August, 2008 (22:06) | All

Once relegated to the dank corners of the basement, the deep freezer is being embraced by shoppers, who are stashing bulk-size purchases of meats, fruits and vegetables in an effort to combat rising food prices.

Hydrogen put to the test

31 August, 2008 (21:53) | All

WASHINGTON — Tom Albert drove his loaner Chevrolet Equinox like any other car.

He took it to work during the week, picked up groceries, and loaded up the back with bags of soil at the garden store.

Hydrogen put to the test

31 August, 2008 (21:53) | All

WASHINGTON — Tom Albert drove his loaner Chevrolet Equinox like any other car.

He took it to work during the week, picked up groceries, and loaded up the back with bags of soil at the garden store.

TIP JAR: Upcoming business events in the San Fernando Valley

31 August, 2008 (21:50) | All

Thousand Oaks-Westlake Village Regional Chamber networking breakfast, 7-9 a.m. Friday, Los Robles Greens Banquet Center, 299 S. Moorpark Road. Cost: $18.50 members, $23.50 visitors, $27 at the door. Register at 805-370-0035 or www.towlvchamber.org.

TIP JAR: Upcoming business events in the San Fernando Valley

31 August, 2008 (21:50) | All

Thousand Oaks-Westlake Village Regional Chamber networking breakfast, 7-9 a.m. Friday, Los Robles Greens Banquet Center, 299 S. Moorpark Road. Cost: $18.50 members, $23.50 visitors, $27 at the door. Register at 805-370-0035 or www.towlvchamber.org.

Hey, Big Number, Make Room for the Rest of Us

31 August, 2008 (12:44) | All

The gross domestic product is all well and good, but as a stand-in gauge for the nation’s overall well-being, this supernumber is less than perfect.

Practical Traveler | Gas-Free Trips: Vacation Plans That Avoid the Pump

31 August, 2008 (10:41) | All

Eco-travelers have long embraced low-impact travel, but the high cost of fuel is inspiring even more travelers to embrace a new kind of road trip this year — the gasless vacation.

The Food Chain: Russia’s Collective Farms: Hot Capitalist Property

31 August, 2008 (07:10) | All

As food prices soar, the improbable business of buying and reforming collective farms has attracted financiers.

Checking In: A Hotel in Theory, With an Image in Fact

31 August, 2008 (06:20) | All

Months before a new hotel was to open in Cancún, Mexico, the owner of the site began marketing the hotel brand.

Essay: Helping the Stars Take Back the Night

31 August, 2008 (06:17) | All

Darker skies can be achieved with new products and technologies, generating real benefits not only for astronomers but also for businesses.

RECESSION? WANNA BET?

31 August, 2008 (05:06) | All

WHILE retailers, homebuilders and many consumer product manufacturers are retrenching because of the economic slowdown, one businessman planning for another year of double-digit increases is Steve Budin, the CEO of SportsInfo.com, the online sports…

ON THE SALE RACK

31 August, 2008 (05:04) | All

It’s crunch-time for retailers. As stores gear up for the crucial holiday season, the weakest chains in the country - already hobbled by anemic sales and debt-ridden balance sheets - are facing a do-or-die situation that could lead to a parade of…

THE WEEK’S WINNERS AND LOSERS

31 August, 2008 (04:35) | All

WINNERS MICHAEL PHELPS The Olympian snags $1.6M book advance from Simon & Schuster. MICHAEL KOWALSKI Tiffany CEO posts sparkling quarterly results, raises outlook for year and sees stock pop. JAY BROWN Bond insurer MBIA’s CEO sees shares soar 48%…

BIDEN’S SON IN FUND SUIT

31 August, 2008 (04:35) | All

Hedge fund executive Hunter Biden has had anything but a quiet introduction to his career in finance. The 38-year-old son of Democratic vice presidential candidate Sen. Joe Biden is caught up in several lawsuits regarding the acquisition and…

INBEV 401K ISSUES ON TAP

31 August, 2008 (04:35) | All

Dear John: I’ve worked at Budweiser for over 20 years and I have a 401k retirement plan invested in Bud stock. A lot of us have taken loans against the 401ks. We know InBev, which has taken over the company, doesn’t have a 401k for employees. Could…

EX-HALCYON HEDGIE PROVES EVERY ALUM OF GOLDMAN SACHS DOESN’T TURN TO GOLD

31 August, 2008 (04:35) | All

When investors in Halcyon Structured Asset Management’s Structured Opportunities Funds for Europe and North America received their July investment letter the news was not good - the funds were down about 20 percent in 2008. The bad news spooked…

DOCTOR TRIES OUT NEW COOKIE DIET IN BIG APPLE

31 August, 2008 (04:35) | All

New Yorkers, who have slurped and burped their way through the Atkins diet, the Scarsdale diet, the cabbage diet and dozens of other weight loss offerings, now have another option on the shelf - a cookie diet. No, not Oreos and Fig Newtons, but…

HOUSE HUNTERS

31 August, 2008 (04:35) | All

Mortgage brokers warned last week that despite an uptick in sales of existing homes in July, the environment remained challenging for homebuyers. Banks, already burned on foreclosed subprime and prime loans, are demanding 20 percent down payments…

Billionaires’ Yacht Rivalry Spills Into Courtroom

31 August, 2008 (03:43) | All

Two billionaires are fighting over whether the rules for the next America’s Cup disqualify a $10 million yacht.

Finding a hot job in a cool economy

31 August, 2008 (03:00) | All

If you know how and where to look and have the proper training, well-paying positions abound in California. The state has resources to help you get them.

Olga Vityak has a prescription for landing a recession-proof job: Go back to school and get trained in a fast-growing healthcare field. ¶ Two years ago, the Ukrainian immigrant and single mother quit her job as a production manager at an Oregon electronics plant and moved to Los Angeles. Vityak enrolled in a trade school and graduated 11 months later as a pharmacy technician. Last month, she started her new job preparing medications at Los Angeles County’s largest hospital, Cedars-Sinai Medical Center. ¶ “I always wanted to work in the medical field,” she said recently. “It’s a more secure job, and the pay and benefits are good.” ¶ With California’s unemployment rate at its highest level in more than a decade, job seekers are poring over help-wanted ads and Internet job sites. Employment offices and job fairs are drawing crowds. And buzz words such as “headhunter,” “skill set” and “networking” take on new urgency.

Laboring harder, slipping behind

31 August, 2008 (03:00) | All

Every day is Labor Day for Ruben Rangel.

Finding a hot job in a cool economy

31 August, 2008 (03:00) | All

If you know how and where to look and have the proper training, well-paying positions abound in California. The state has resources to help you get them.

Olga Vityak has a prescription for landing a recession-proof job: Go back to school and get trained in a fast-growing healthcare field. ¶ Two years ago, the Ukrainian immigrant and single mother quit her job as a production manager at an Oregon electronics plant and moved to Los Angeles. Vityak enrolled in a trade school and graduated 11 months later as a pharmacy technician. Last month, she started her new job preparing medications at Los Angeles County’s largest hospital, Cedars-Sinai Medical Center. ¶ “I always wanted to work in the medical field,” she said recently. “It’s a more secure job, and the pay and benefits are good.” ¶ With California’s unemployment rate at its highest level in more than a decade, job seekers are poring over help-wanted ads and Internet job sites. Employment offices and job fairs are drawing crowds. And buzz words such as “headhunter,” “skill set” and “networking” take on new urgency.

IPhone App Store encourages new affliction: appiphilia

31 August, 2008 (03:00) | All

The exotic ailment is marked by a creeping lack of self-control when downloading mobile applications.

For the last few weeks, I’ve been staying up late glued to my screen, and frankly it has been wreaking havoc on my sleep patterns. No, not watching the Olympics or the nonstop political gabfest on 24/7 news channels.