If misery likes company then US car drivers have a lot of companions around the world who are suffering from even higher prices at the pump. As you stare at that sticker price of $4 a gallon, it is probably best to be too young to remember …
Archive for May, 2008
US gas prices — not that bad. Norwegians are paying $11 a gallon.
by Stuart Hampton, May 30, 2008, 7:00 amLet us drink to Budweiser before it goes all Belgian on us (and US)
by Barbara Murray, May 29, 2008, 7:00 amDo you suppose August Busch IV will be pulling up a stool with the other CEOs/chairpersons/heirs-to-the-family-fortune at an imaginary get-together in a dusty old corner tavern to drink to their multi-billion-dollar deals? Will he join these other recent sellers of giant companies and drink to …
Twitchy pilots, drowsy truckers, and crazed musicians — all trying to kick the habit
by Anne Law, May 28, 2008, 7:00 amLast week the Federal Aviation Administration (FAA) and the Federal Motor Carrier Safety Administration (FMCSA) decided that pilots, air traffic controllers, and truck drivers shouldn’t be allowed …
At Societe Generale, was “rogue trading” standard operating procedure?
by Patrice Sarath, May 27, 2008, 7:00 amCan Jerome Kerviel be a rogue trader if he had accomplices, no actual oversight by his superiors, and a pervasive environment at the bank that, according to Kerviel, encouraged reckless trades?
To quote Inigo Montoya from The Princess Bride, “I don’t think that word …
The risky business of cancer drug development
by Kristi Park, May 23, 2008, 7:00 amAre too few cancer drugs winning approval from the FDA? That’s the question Richard Pazdur, head of the agency’s oncology division, gets asked in an interview with BusinessWeek’s Catherine Arnst (via GoozNews).
Pazdur has been in charge of cancer drug approvals in …
Time Warner unties the Cable that binds
by Larry Bills, May 22, 2008, 7:00 amTime Warner’s long experiment of trying to create a vertically integrated media content and distribution giant finally came to a merciful end yesterday with the news that it would get rid of its …
Target Misses the Mark
by Alexandra Biesada, May 21, 2008, 7:00 amTarget reported its first quarter earnings Tuesday and the results were disappointing, if not unexpected. The cheap-chic retailer posted net earnings of $602 million, down from $651 million …
EDS-HP merger? It’s a dream.
by Jeff Dorsch, May 20, 2008, 7:00 amSo, Hewlett-Packard is buying Electronic Data Systems (EDS) for about $14B. People have blogged, dissected, and talked this deal to death.
Hoover’s editors think, talk, and write about business all day long, at least on work …
Cuba libre! Will the discovery of oil lift the trade embargo?
by Stuart Hampton, May 19, 2008, 7:00 amIn 1960, Cuban revolutionary leader Fidel Castro nationalized refineries belonging to Exxon, Shell Oil, and Texaco (now Chevron). American oil companies have not been back since.
On September 4, 1961, the U.S. Congress passed the Foreign …
Wal-Mart ascending as the economy turns down
by Alexandra Biesada, May 16, 2008, 7:00 amHard times are proving to be good times for Wal-Mart Stores. The retailer posted its first-quarter earnings on Tuesday and it was all good: …
