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CompareCC News Archive Listing for Business during 2009-06-27.
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Jackson Estate Has Piles of Assets but Loads of Debt
 
Michael Jackson?s business life, like his public life, was a perplexing mass of contradictions, and his personal finances, at least in recent years, were perpetually in tatters.
Court deal strips Madoff wealth
 
Disgraced financier Bernard Madoff and his wife are stripped of their wealth, as he awaits sentencing for massive fraud.
TMZ Was Far Ahead in Reporting Death
 
TMZ, a celebrity news Web site, reported Michael Jackson?s death well ahead of traditional news outlets, which hesitated to follow suit.
Stocks and Bonds: U.S. Savings Rate at Highest Point in 15 Years
 
Tax cuts and increases on Social Security checks lifted personal incomes in May, but it appears that many people are putting that money away instead of spending it.
Watchdog will end commission bias
 
The city regulator will end commission payments to pension and investment advisers under plans to begin in 2012.
VW gives Porsche ultimatum to accept merger: report
 
Reuters - Volkswagen and its key shareholder, the state of Lower Saxony, have confronted Porsche (PSHG_p.DE) with an ultimatum to accept a tie-up of the two carmakers under VW's tutelage or else face more severe financial turmoil, Web site Spiegel online reported.
Bank of NY Mellon sees writedowns, 2009 profit: report
 
Reuters - Bank of New York Mellon Corp will have further writedowns as a result of the securitized mortgages it still has on its books, the bank's chief executive was quoted as saying on Saturday.
Porsche fumes at VW, Lower Saxony "extortion"
 
Reuters - Porsche (PSHG_p.DE) accused Volkswagen and its key shareholder Lower Saxony of extortion following a magazine report that VW and the regional state had demanded Porsche accept a tie-up of the two carmakers with VW in charge.
Hummer buyer to open talks with China regulators: report
 
Reuters - The potential buyer of General Motors Corp's Hummer division will begin formal talks with Chinese regulators on Monday in an effort to win approval for its acquisition, The Wall Street Journal reported on Saturday.
Estate Has Piles of Assets but Loads of Debt
 
Michael Jackson?s business life was a mass of contradictions, and his finances in recent years were perpetually in tatters.
JPMorgan CEO warns against too many regulators
 
Reuters - Too many regulators will only increase costs and reduce credit opportunities for consumers, JPMorgan Chase & Co Chief Executive Jamie Dimon warned in a column he wrote in Saturday's Wall Street Journal.
Fiat open to retail and/or institutional bond: report
 
Reuters - Italian automaker Fiat is open to issuing a bond for institutional or retail investors, or both, Chief Executive Sergio Marchionne said on Saturday, according to news agency Ansa.
Pillow Fights at the Four Seasons
 
In bad times, the Four Seasons model of spare-nothing service is worrying the owners of the hotels it manages, but it resists cutbacks that could diminish its brand.
Acer?s Everywhere. How Did That Happen?
 
In the PC industry?s worst slump ever, a Taiwanese company is taking aim at both Dell and Hewlett-Packard.
Slipstream: Is It Time for RealNetworks to Switch Gears?
 
The latest version of RealPlayer is out, and it has some cool new features. But have online music and video passed it by?
Digital Domain: Now All Your Friends Are in the Answer Business
 
Aardvark, a new Web service, looks to your Facebook friends, and friends of friends, when you ask it a question.
Scene Stealer: Digital Casting, Poised for a Role Beyond Hollywood
 
Digital techniques to compile, exchange and assess lists of actors have simplified casting, and could be used in other industries.
Economic View: The Pitfalls of the Public Option
 
An important question about any public provider of health insurance is whether it would have access to taxpayer funds.
The Haggler: Who Exactly Is Protected by ?Travel Protection??
 
Think you?re getting a refund? Check the fine print.
Preoccupations: You Scream, I Scream for a New Career
 
Weary of long inflexible hours and a commute, a Wall Street worker moves into the ice cream business.
Teenagers Are Building Their Own Job Engine
 
Inspired by entrepreneurial celebrities like Steven P. Jobs of Apple, many teenagers are choosing to create their own jobs rather than rely on a sagging job market.
Congressional Memo: Climate Change Bill May Be Election-Year Issue
 
Leading Democrats say they are more than happy to have the energy bill serve as a signature issue because it represents a transformative moment.
Strategies: Why Investors Bet on Bankrupt Companies
 
Courts don?t always follow the ?absolute priority? order in bankruptcies, so stockholders could get something.
Blueprints: A Sleeker Space for Burberry
 
The British clothing company, which has been updating and repositioning its products, does the same with its U.S. headquarters.
The Boss: Running With His Idea
 
Mario Moretti Polegato, the chairman of Geox, says he came up with the idea of a breathable shoe while walking in the Nevada desert.
Motoring: Toyota Tops Quality Study
 
Initial quality of vehicles improved 8 percent when compared with 2008, according to a new study, with Toyota models topping this year?s study.
Practical Traveler: The Soaring Cost of Car Rentals
 
While the global recession has sent prices plummeting on airfares, hotels and cruises, it is having the opposite effect on rental cars.
The Count: Recession Means Less Money Out on the Green
 
The already suffering golf industry has seen its revenue from things like membership fees, greens fees and events catering shrink further since the recession?s onset.
Behind the Wheel | Tata Nano: And Now, for Some Serious Belt-Tightening
 
The Tata Nano, which has a base price starting at $2,200, proved agile and fun to hustle around the test track.
After Jackson, Fame May Never Be the Same
 
Global superstardom on the level that Mr. Jackson achieved is all but impossible for pop culture heroes today, and it will quite likely never be possible again.
G.M., Detroit and the Fall of the Black Middle Class
 
The Powell family left the South in the 1960s, seeking better opportunities up North in the auto industry. Now the life they built is in danger of slipping away.
Fair Game: The Eyeshade Smelled Trouble
 
After criticizing Zicam?s maker, independent research analyst Tim Mulligan was subpoenaed. And the fight began.
Corner Office: Stumping for Votes, Every Day
 
A focus on winning over the employees, almost as if they can vote, is the better approach for the long run, says Daniel P. Amos, Aflac?s chief.
Amazon.com ends commission program in NC
 
AP - Amazon.com said Friday it has pulled the plug on commissions for North Carolina Web sites that make referrals to the online retailer because a law designed to collect sales taxes on these transactions could soon be enacted.
Letters: Government as Innovator
 
To the Editor:.
Letters: The Dollar and Inflation
 
To the Editor:.
Letters: Where?s the Stop Sign?
 
To the Editor:.
G.M. to Maintain Legal Liability for Claims
 
The deal between General Motors and the Obama administration solves a problem that could have troubled the company?s plan for quick restructuring.

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