The latest object of technophile lust is a sight to behold, with an exoskeleton climbing up its singular back and enough levers and knobs to land a Cessna. Herman Miller's much-anticipated office chair, the Embody (list price: $1,595), is finally rolling out this month. Six years and millions of dollars in the making, the Embody is ready to one-up its iconic predecessor, the Aeron, which in 1994 revolutionized the act of sitting down.
If you're looking for insight into the global economy, Fred Smith is a pretty good place to start. As CEO of Memphis-based package-delivery giant FedEx, he oversees an army of some 290,000 workers who collectively move 7.6 million parcels daily to more than 220 countries.
David Einhorn should be celebrating one of the best months of his career. Two companies whose stock he bet big against - Lehman Brothers and Allied Capital - suffered grave blows, with Lehman filing for bankruptcy and Allied shares plunging 60%.
Ask the man behind the Virgin mega-brand about building strong brands and where his ever-expanding conglomerate is headed.
Harold Bradley manages $2.1 billion for the Kansas City, Mo.-based Ewing Marion Kauffman Foundation. If you are a venture capitalist looking for a new limited partner, he's got something to tell you. "Don't stop in here," he says. "Don't try and sell me on a new fund, and good luck trying with everyone else."
After much ado, the government appears ready to toss a lifeline to Wall Street. But with policymakers frantically battling to keep the economy out of a deep slump, it won't be the only one needed.
Leave it to Citi to play the heavy in the bailout drama.
Silicon Valley operates on potential. Employers may not like it, but talented engineers switch jobs like Pony Express horses so they can be at a company that has a shot at dominating the future. Google and Apple (after the return of Steve Jobs) were those kinds of companies. Today, places like Facebook have people lined up knocking on the door to get in.
It looks like Apple won't be closing the iTunes store because of a dispute with music publishers over royalties on downloaded songs.
Ebay shares hit a new five-year low Thursday as yet another analyst weighed in on the nagging deterioration of the auction giant's business.
The domino nature of the looming hedge fund crisis is neatly illustrated by the troubles of a high-flying New York fund with a niche that was supposed to be recession proof.
The idea that Palm would abandon its own operating system for Google's sounds like sacrilege. But it might be exactly what the troubled company needs.
Warren Buffett said Thursday that the pricetag of the controversial $700 billion Wall Street bailout may have to rise, and suggested that Treasury team with private investors to buy the distressed mortgage assets at the center of the rescue plan.
For five years, Apple's iTunes Music Store has been the Internet's most successful music store. But as music publishers have sought a higher share of its proceeds, Apple has threatened to shutter iTunes.
A slew of corporate chiefs hung up their hats during the recent market turmoil - but most left Wall Street with their pockets full.
The heads-down, can-do entrepreneurs, and libertarian-minded financiers who populate the tech industry aren't typically the sorts to long for a government handout. But in the wake of the Treasury Department's $700-billion-plus rescue plan, Peter Thiel speaks for many when he asks a simple question: "What happened to the dot-com bailout?"
In early September, Hank Greenberg was in on-again, off-again settlement negotiations with the New York attorney general, with tens of millions of dollars and his reputation on the line. But his mind was elsewhere: While Greenberg was testifying on Sept. 12 amid the settlement talks, AIG lost 30% of its value, leaving him $276 million poorer.
Back in May, when oil was at $129 per barrel and rising, billionaire investor Richard Rainwater did something as prescient as it was shocking: He sold off all the energy stocks he owned.
In one of the more bizarre byproducts of the current financial crisis, yields on tax-exempt money market funds have spiked over the last two weeks, giving investors the unique opportunity to buy safe and, for now, high-yielding short investments.
