Missouri Taxpayers Give Boehringer a $100K “Thank You” Check

On September 14, 2009

Missouri Taxpayers Give Boehringer a $100K “Thank You” Check

St. Joseph's, Mo., (pop. 73,912) will give Boehringer Ingelheim $100,000 just to hang around. BI already operates Vetmedica, its animal drug unit, in the town. But the Chamber of Commerce has persuaded the taxpayers of Buchanan County to reward the company for just for staying.,
On September 14, 2009

Why Vivus’s Qnexa Might Not Avoid the Obesity Drug Graveyard

Many have tried. None have succeeded. And now Vivus -- a young Arthur of Pharmalot, if you will -- believes it can pull the sword from the stone. Qnexa has twice blown through the FDA's required "5 percent better than placebo" weight-loss standard. What could possibly go wrong? Three things.
On September 14, 2009

J.C. Penney Talks Sense and Style with She Said

J.C. Penney has launched another women’s clothing line to provide a better value alternative for working women. The new line, She Said, joins an array of women’s apparel labels the company has been boosting recently including Bisou Bisou, Twelfth of Eleven and I Heart Ronson that specifically target younger women, a group that is gaining increasing attention from major retailers. And the retailer plans to support She Said and its other labels aimed at younger women with a dedicated addition to its web site to provide a little extra dose of hipness. As part of its introduction, Liz Sweney, J.C. Penney’s executive vice president for women's, described how the new line is positioned in terms of the overall customer proposition:...
On September 14, 2009

Loews Walks Away From Chicago Hotel

Loews Hotels decided to walk away from a $1 land deal in Chicago, saying that it wasn't financially viable to create its agreed-upon, four-star, 384-room luxury hotel in downtown Chicago. The hotel itself would have cost around $175 million (I guess the total, with the land, would have been $175,000,001.) "Unfortunately, the lack of construction financing and the severe decline in hotel market dynamics have made it not viable to build a new luxury hotel," a spokeswoman for Loews told Chicago Business. Despite the rather sound reasons that Loews gives, many are calling the ill-fated project part of the Block 37 Curse. The curse refers to several retailers and agencies (among them the Apple Computer Inc. and a health club chain)...
On September 14, 2009

The Computer Ate My Homework And Other Myths

WellPoint can again enroll new members in its Medicare Advantage and Part D drug plans, nine months after CMS suspended the company because of deficiencies in its operations.
On September 14, 2009

The Rise of the Virtual MBA

Our recent poll "Would You Get an Online MBA?" received a whopping 1,462 votes and 50 comments. Though the debate was heated on all sides of the argument, in the end most of you felt that an online MBA was a legit choice as long as it came from an accredited school with an existing on-campus MBA program. This week, our feature package "The Rise of the Virtual MBA" explains why more and more candidates -- and hiring managers -- are taking online business degrees seriously. Here's a peek inside the coverage: What's an Online MBA Worth? Choosing an Online MBA Program
On September 14, 2009

Too Much Information | BTalk Australia

[podcast] The amount of digital information stored by businesses is growing at an alarming rate. This has serious implications for the organisations that are struggling to manage the load. It's highlighted in a report released by Hitachi Data Systems called “The Great Information Glut".
On September 14, 2009

How Successful Executives Make Their Own Luck

When I told a friend I thought Tim Cook would get the Apple CEO job, he replied, "must be nice." It's too easy to attach a magical attribute to successful executives, like they "have all the luck" or are "in the right place at the right time." But that's not how it really works.
On September 14, 2009

Leased Electric Car Batteries Take a Big Step Forward

Electric cars are too expensive for the average consumer -- if you buy the whole vehicle, anyway. Take out the batteries, and you've got something affordable. That pretty much sums up the future of Nissan and Renault, the two car companies run by Brazilian investor Carlos Ghosn. Renault alone is working on four electric concept vehicles, with a planned 2011 release date for Europe, while Nissan is gearing up for a big launch of its Leaf car in the United States next year. Ghosn has been publicly chewing over his idea of a leased battery for several months. Leasing has some key benefits. One is that the consumer won't have to worry about replacing the battery as it becomes weaker...
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