Wall Street Beat: Dell Case Serves as Cautionary Tale PC World In the past four months alone, other tech companies settling with the SEC for various types of accounting fraud charges included Trident Microsystems and … and more
Insurers face a radical shake-up in how they account for their business as the international accounting rule maker proposes new rules that investors say could reduce the insurance industry’s cost of capital and boost stock prices
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IASB proposes accounting overhaul for insurers
Andrew Wylie, the literary agent whose exclusive deal with Amazon.com last week stunned the publishing world, has threatened a broad expansion of his digital publishing business to include up to 2,000 titles if traditional publishers refuse to improve digital royalties.
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Wylie threatens broad digital expansion
It’s been one hell of a non-recovery in housing, smack in the face of now-expiring $8,000 home tax credits that have proven to be as stimulative and futile as attacking fire ants with a BB-Gun. Please consider Foreclosure Filings Rise in 75% of U.S. Metro AreasForeclosure filings climbed in three-quarters of U.S. metropolitan areas in the first half as high unemployment left many homeowners unable to pay their mortgages, according to RealtyTrac Inc. The number of properties receiving a …
(From PRWEB) — Emotional intelligence has been called a “soft skill” but research shows that it delivers bottom-line business results. That’s the core message of a new white paper from The Glowan Consulting Group. The complimentary white paper is titled Applying Emotional Intelligence: Why Successful Leaders Need This Critical Skill. The quality of emotional intelligence is defined as having the ability to understand, manage and respond effectively to one’s own emotions and the emotions of others. A key benefit is that it helps business leaders create a work environment where people at every level are collaborating and aspiring to do their best work. For example, at PepsiCo, those executives identified as emotionally intelligent generated 10 percent more productivity and added nearly $4 million in economic value. These and other success stories populate the new Glowan paper. “The best, most successful leaders master their own states of being before they try to lead others,” says Marc Michaelson, co-principal of Glowan Consulting. “They know with great clarity and conviction who they are and what they believe . . . they can calmly navigate the growing complexities of today’s global business environment and inspire their employees at every level.” Read more.
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Emotional Intelligence Tied to Leadership Success, Reports New White Paper
(From Business Wire) — Liberty Mutual has developed an online training program that provides human resource professionals and front-line managers with a better understanding of the fundamentals of disability and leave programs. The online Benefits Done RightSM educational series from Liberty Mutual, provided at no cost to customers, highlights short-term and long-term disability, return-to-work and leave administration. “Customers are looking for ways to simplify administration and reduce costs,” notes Heather Luiz, product manager for Liberty Mutual’s Group Benefits division. “Our goal is to partner with customers to better manage leave and disability programs—improving compliance, return-to-work rates, and productivity. Research shows that supervisors play a critical role in communicating with employees about absence and return to work.” Benefits Done Right simplifies administration for employers by: Delivering consistent training to managers in different departments and locations Preparing managers to confidently answer employee questions about disability and leave programs Reviewing a manager’s role and effective strategies for communicating with absent employees “These modules can easily be integrated into a company’s existing training program. If a manager understands the basics of benefits programs, his or her ability to accurately communicate this information to direct reports can reduce the burden on human resources and benefits personnel,” said Luiz. Read more.
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Interactive Training Helps Companies Better Manage Group Disability and Leave Programs
(From Forbes.com) — The Great Recession has resulted in a cease-fire in the war for talent–or so goes the thinking of many executives and managers, as economic uncertainty and unemployment remain high in the U.S. and throughout much of the world. On the surface, you might think employers have the upper hand and can hire and retain all the talent they need while spending less developing employees. But the reality is anything but that easy. A prolonged period of cutbacks, reductions in human capital investment and extreme reliance on existing top performers–all in an atmosphere of uncertainty and scarcity–can easily undermine an organization’s ability to attract, develop, retain and engage skilled, valuable employees. The organizational pipeline of key people and future leaders is more important now than ever. Yet the talent management processes in many companies are missing the mark. They see talent management as something done to and for high-potential employees, in service of the organization’s needs. But another emerging perspective is the key to effective talent management: the view from inside the pipe. Read more.
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Strengthen Your Talent Pipeline Now
Governor Schwarzenegger has once again furloughed workers, declaring California is in a fiscal emergency. Excuse me for asking but when has California ever not been in a state of fiscal emergency? Bloomberg reports Schwarzenegger Orders Furloughs Amid California Budget ImpasseCalifornia Governor Arnold Schwarzenegger ordered more than 150,000 state workers to take three days of mandatory unpaid time off to conserve cash. The executive order, effective Aug. 1, stipulates that the furloughs …
ExxonMobil said that the moratorium on new deepwater drilling in the Gulf would have no significant short-term impact on its profits
The world’s biggest futures exchange says that banks will continue to trade OTC derivatives in much the same way as they did before the crisis in spite of US reforms
WASHINGTON, DC – July 29, 2010 – (RealEstateRama) — Fannie Mae (FNMA/OTC) today announced the opening of a new mortgage help center in Chicago to provide counseling and other services for struggling homeowners in the greater metro … July 30, 2010 – (RealEstateRama) — A Hancock County Superior Court jury convicted Eric S. Murphy, Jr. of Ellsworth on Wednesday in connection with an investment scam Murphy ran in conjunction with his residential construction loan business. …
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Fannie Mae Opens Chicago Mortgage Help Center | U.S. States …
Advertising agencies report significant improvement in sales and profitability in the second quarter, with both Interpublic and Publicis raising forecasts and beating market expectations
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Rebound in sales and profits at ad groups
Everyone wants to clean up in emerging markets, but they all can’t come out smiling
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Colgate-Palmolive
Motorola, the US mobile phone handset maker, said profits surged in the second quarter, aided by the popularity of its popular Google Android-powered Droid X smartphone
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Sales of Droid boost Motorola profits
In response to Afghanistan is a “Lost Cause”; Leaked Documents Show Futility of Afghanistan War I received an email from Stephanie Jasky, founder of FedUpUSA.org. Her son is currently in Afghanistan. Stephanie writes ….Hello Mish, Just wanted to say thanks for the balanced and objective view on Afghanistan. My son is on the front lines with the 101st Airborne (Infantry). He’s been there since the first week in May. The things I could tell you would make your hair stand on end. …
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Email from FedUpUSA regarding Afghanistan
CBC.ca Goldman Sachs' dumb ban on curse words Salon Goldman Sachs employees will no longer be allowed to swear via e-mail, texts or Twitter, reports the Wall Street Journal. … Goldman Sachs banning bad words in e-mails NECN Goldman Sachs bans employees from using swear words in e-mails, texts and … New York Daily News Bankers slap a ban on email expletives Montreal Gazette CBS MoneyWatch.com (blog)
CME Group, the US’s biggest futures exchange, reported second-quarter earnings ahead of Wall Street’s average expectations, as traders protected themselves from market volatility
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CME boosted by higher trading volumes
Biz Bits: Beware of 'storm chasers' Ridgecrest Daily Independent Work -at- home scams rise and fall along with the economy. Unfortunately, with many people out of work , this type of activity is widespread and may take … and more
New York Post Trial 'bugs' Wall Street New York Post If Wall Street thinks it has been treated shabbily by Washington, it soon could get a lot worse. Yesterday, a federal judge in Manhattan … and more
Bill Gross usually writes an interesting column provided you skip over the first few paragraphs of introduction. His August Investment Outlook regarding population demographics is no different. Please consider Private Eyes. Our modern era of capitalism over the past several centuries has never known a period of time in which population declined or grew less than 1% a year. Currently, the globe is adding over 77 million people a year at a pace of 1.15% annually, but slowing. Observers will …
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Bill Gross Ponders "Deep Demographic Doo-Doo"
New York-based banking group will sell a revamped set of accounts and credit cards, in the latest attempt to revive its North American unit
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Citi retail arm targets affluent Americans
The investment-banking boutique shakes off a brutal spring on Wall Street to post better than expected quarterly profits as asset-management and merger advisory revenues increase 27%
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Lazard outpaces rivals as merger fees rise
The battle for the Oklahoma car-rental operator intensifies with the New Jersey-based group making a cash-and-shares bid valued at $46.50 a share – a 17% premium to Hertz’s proposal
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Avis Budget offers $1.3bn for Dollar Thrifty
ConocoPhilips said it would sell its entire stake in Lukoil, bringing to a close its attempt to use the partnership with Russia’s second-biggest oil producer to develop business in the country
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Conoco to sell stake in Russia’s Lukoil