Via The Chicago Tribune Wal-Mart Stores Inc. said on Tuesday it will buy an additional $50 billion in U.S.-made products over the next decade in such areas as sporting goods and high-end appliances in a bid to help boost the U.S. economy. Wal-Mart, the largest private employer and retailer in the United States, also said [...]
Via Reuters Kiyomura K.K., a Tokyo-based sushi chain, paid a record 155.4 million yen ($1.76 million), almost triple last year’s amount, to outbid an affiliate of a Hong Kong-based rival at the Tsukiji market’s first 2013 auction. The fresh whole tuna weighed 222 kilograms (489 pounds), enough to be carved into about 10,000 pieces for [...]
Via Businessweek It’s just after 11 a.m. on a cold December day in East London, and I’m still in bed. Not my bed, but a $1,250 double bed on the second floor of the 260,000-square-foot John Lewis department store in the Stratford City mall, where I’m moonlighting as a temporary holiday worker. My job is [...]
From Businessweek This time last week, I, like nine out of every 10 investors, believed AOL (AOL) was a dead-end investment. How could it not be? This is no longer a 56k, dial-up world, when those ubiquitous AOL disks inundated mailboxes. AOL botched the chance to morph into a broadband player with its spectacularly bad [...]
By contributing author Phin Upham, courtesy of the Academic Ledger The knowledge based view builds on the capabilities view and adds crucial and distinct elements. The resource based view emphasizesvaluable, rare, imperfectly imitable, and without common, imitable, or strategically equivalent substitutes (Barney 1991) and sees firms as a bundle of capabilities which can be explained [...]
Story via USA Today President Obama’s long-awaited business tax plan would lower the corporate tax rate from 35% to 28% while slashing popular tax breaks enjoyed from Wall Street to Main Street, making it unlikely to get far in Congress in this election year. The plan would make up lost revenue as a result of [...]
Story via MSNBC Authorities have seized Apple iPads from retailers in a city in northern China due to a dispute with a domestic company that says it owns the iPad name, an official said Monday. The Chinese company said it is asking for similar action in more than 20 other cities. The dispute with Shenzhen [...]
Story via The New York Times Economix Blog By Simon Johnson The drafters of the Dodd-Frank financial reform law got an important thing right. Despite fierce pushback from the banks — and lackluster support from the White House at critical moments — the legislators communicated a key new intent: megabanks must be able to fail, [...]
Article via The New York Times By Charles Duhigg and Keith Bradsher When Barack Obama joined Silicon Valley’s top luminaries for dinner in California last February, each guest was asked to come with a question for the president. But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: [...]
By Phin Upham To paraphrase Tolstoy, All employed people are employed for different reasons, but all unemployed people are unemployed for only one reason: a bad economy. As unemployment hovers around 9% in the United States, the highest since 1983 – when it reached 10.8% – and underemployment around 15%, we focus on this all [...]