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Today's
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- Washington wants
to pump big money into so-called disease
management, though there's scant evidence that
it works
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A decade ago
General Electric (GE)
experimented with a promising approach to
employee health care known as disease
management. It hired a company to talk with
workers in North Carolina who suffered from
heart disease. Nurses called to encourage
them to take their medication and get
moderate exercise as a way to avoid
expensive hospital stays. Around the same
time, large corporations in many industries
began paying for similar disease-management
programs to keep employees healthier and cut
costs. "It seemed too good to be
true," says Dr. Robert S. Galvin, GE's
chief medical officer. And, he adds, it was.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Stocks: Looking
for a Super Bowl Effect
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Yes,
occasionally companies can get a lift from
effective advertisements. In 2008, for
example, E*Trade Financial (ETFC)
was facing serious financial difficulties
when ads featuring stock-trading babies
appeared during Super Bowl XLII.
(E*Trade’s chief executive said
the ads told customers, “We’re still
here, we’re as strong as ever, and we’re
not going anywhere.” The ads might have
brought in customers – E*Trade survived
the financial crisis — but they didn’t
help E*Trade’s stock price much: After a
brief rebound, shares started slipping in
late February. Thirteen months later, they
had lost 88% of their value.)
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- The Fakery of
CEOs Undercover
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Forget about
bagging poultry parts or pumping and dumping
penny stocks. The dirtiest job in America
right now is producing reality TV. It
consists of feeding the public's
appetite—which has grown insatiable, after
years of expert stimulation—with the
mixture of sadism and sentimentality, cruel
unfairness and poetic justice, ugly
situations and happy endings, that most of
us know by now are sheer delusions but that
we are as helpless to resist as the next
market bubble.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Fifteen Ways to
Slash Spending in Retirement
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Workers
approaching retirement are often told by
experts that they will need only about 80%
of their income after they stop working to
maintain the same lifestyle.
After all,
expenses fall when retirees don't need to
dry-clean their work wardrobe and commute
every day. And they have more time to shop
for deals and handle house and yard work
themselves. Presumably, the children are out
of the nest or have their own financial
flight plan.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Deutsche
Telekom's Limited Options for T-Mobile
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Deutsche Telekom
(DT)
is said to be considering strategic options
for its troubled U.S. unit. The company may
find its choices limited amid heightened
competition in the wireless industry and
tepid demand among investors.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Hyundai Turns Up
Super Bowl Pitch for Sonata
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Hyundai Motor
made a splash in the auto industry with an
aggressive marketing
blitz last year. Taking advantage of
Korea’s weak currency, Hyundai
brought out a string of promotional
packages, including its “Assurance
Program” allowing buyers to return their
cars and cancel their loans without hurting
their credit ratings, if they lost their
jobs. Now it is stepping up its sales pitch
just as its admired and toughest rival Toyota,
is suffering from one of the worst
public relations crises in industry
history.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Day before
Yesterday: 01:43 hr.
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With the
introduction of the iPad, Apple's (AAPL)
status as a cultural icon reached new
heights. Based on an unscientific survey of
newspapers archived by The Newseum, pictures
of or stories about the tablet-style
computer appeared on front pages in at least
47 states and the District of Columbia and
no fewer than 24 countries on six
continents—in places as varied as
Bulgaria, Uruguay, Turkey, and Portugal.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Goldman
Sachs’s Blankfein Gets $9 Million Bonus
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Goldman
Sachs Group Inc. gave Chairman and Chief
Executive Officer Lloyd Blankfein a $9
million all-stock bonus for 2009, about half
the award granted by JPMorgan Chase &
Co. to CEO Jamie Dimon, even as profit
reached an all-time high and the shares
doubled.
“This
is certainly lower than my best estimate
would have been,” said Rose Marie Orens, a
senior partners at Compensation Advisory
Partners in New York. “There was a very
definite decision that they weren’t going
to have the discussion be all about them and
pay.”
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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- Day before
Yesterday: 03:51 hr.
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- U.S. Stocks
Rebound on Greece Speculation, Consumer Credit
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U.S.
stocks rose, rebounding from the biggest
losses since March, as investors speculated
the European Union may come up with a
solution for budget deficits in Greece and
Spain and consumer credit dropped less than
forecast.
Cisco
Systems Inc., Intel Corp. and Alcoa Inc.
climbed more than 2 percent for the biggest
gains in the Dow Jones Industrial Average as
the 30-stock gauge reversed a 167-point
slide. Freeport-McMoRan Copper & Gold
Inc. led commodity producers to the biggest
advance among 10 groups in the Standard
& Poor’s 500 Index as oil, gold and
copper rebounded in electronic trading
following the close of commodities
exchanges.
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Source:
by www.businessweek.com
All articles and rights are for the original
source. |
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