Archive for April, 2008

Aesop’s fables updated: the investor and the board

by Patrice Sarath, April 30, 2008, 7:00 am

Once there was an automaker that was struggling to reverse its years of poor performance. One could say it had to change its ways from that of a light-hearted grasshopper, hopping and sawing away in the summertime, to that of the diligent …

US hospitals: no insurance, no $45,000 check, no service

by Kristi Park, April 29, 2008, 7:00 am

A front-page article in the Wall Street Journal yesterday highlights the common practice among US hospitals of requiring up-front payments from uninsured or under-insured patients before they’ll provide treatment.

The story describes the plight of Lisa Kelly, a Lousiana woman diagnosed with leukemia and …

A high stakes gamble in the cable television business

by Larry Bills, April 28, 2008, 7:00 am

It’s no secret that the cable television industry is going through a period of radical change. With consumers increasingly choosing different ways to get their entertainment, from video on demand services to online streaming to DVD purchases, media companies are throwing all kinds of innovative new distribution …

Jamba jumps on the breakfast bandwagon

by Barbara Murray, April 25, 2008, 8:26 am

It all started with the yogurt. Long thought an arcane, sour-ish, pudding-y substance eaten by elders in the Far East and obscure parts of Russia, US food purveyors put sugar and flavors in it, froze it up, and offered it for sale across the land at perky …

First Solar: Its shares are worth more than 2 barrels of oil

by Jeff Dorsch, April 24, 2008, 7:00 am

When we last posted about First Solar, the thin-film solar module manufacturer’s stock had gone north of $200 a share. Now, after a few months of gyrations up and down, the stock has breached the $300 level and may be testing new highs on a …

Back in business. The Bakken Shale oil deposits

by Stuart Hampton, April 23, 2008, 6:29 am

One of the North American oil industry’s oldest and less well kept secrets is that there is a lot of oil sitting in the rocks of the Bakken Formation in the Williston Basin that spans Montana, North Dakota, and Saskatchewan.

The Bakken Formation was …

Broadcom settles with SEC, pays $12M to make backdating charges go away

by Jeff Dorsch, April 22, 2008, 3:31 pm

The Securities and Exchange Commission today announced a settlement with Broadcom on the chip company’s stock-option backdating case. The chip maker was officially charged with falsifying its net income for a period of five years, from 1998 to 2003. Without admitting or denying the charges, …

To save, or spend: That is the question facing US shoppers

by Alexandra Biesada, April 22, 2008, 6:05 am

Tax day has come and gone (thankfully) and the federal government is due to begin mailing economic stimulus checks to an estimated 130 million households in May. Whether you intend to spend or save your tax rebate, brace yourself for a barrage of ads and gimmicks — …

Recapping the recapitalizations at WaMu, Wachovia and more

by Ryan Caione, April 21, 2008, 6:14 am

Thanks to the far-reaching effects of the ongoing mortgage crisis, lenders are tightening their purse strings, private equity takeovers (so 2006) have dwindled to a trickle, and some financial services companies find themselves teetering on the brink of collapse. Yet some …

Recycling meds could benefit health care system

by Anne Law, April 18, 2008, 6:37 am

Bizmology fans who read my post on pharmaceutical contamination of water supplies last month may recall the suggestion that health care facilities and individuals take unused prescriptions to collection centers to help prevent the buildup of chemicals in drinking water.

A …