A roundup of reactions to President Barack Obama's unannounced visit to Afghanistan, where he and Afghan President Hamid Karzai signed an agreement on future ties:
Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market.
Should Republican presidential candidate Mitt Romney choose to release his tax returns, it likely will spur yet more debate about how much the rich should pay in taxes.
The drumbeat in the blogosphere began about a millisecond after the news broke on Monday that Shanghai Automotive Industrial Corp. was considering buying a piece of General Motors when the US Treasury Department floats its shares in an IPO sometime later this year. "The U.S. government should block such a deal from ever occurring," wrote one outraged commentator at Yahoo News. "Major U.S. companies like GM should be owned by American investors, not by any company run by a foreign government; particularly a foreign government that is hostile toward the U.S. This deal would jeopardize U.S. national security and should be rejected.''
Private equity fund managers are about to become much closer to their tax attorneys.
On the tape, Sheikh Issa bin Zayed al Nahyan appears to burn with rage.
Matt Douglas had just embarked on a down-to-the-studs renovation of his home in Natick, Mass. when he and a colleague, Sean Conta, quit their jobs to launch MyPunchbowl.com, an event-planning Web site. "My wife and I were living in one 12-by-8-foot room, along with the refrigerator, stove and two cats," Douglas recalls. "Sean would come over around 8:30 every morning. Then we'd sit at our two little desks with construction noise in the background."
Microsoft CEO Steve Ballmer kicked off the 2009 International Consumer Electronics Show on Wednesday with an impassioned endorsement of PCs and a sneak peek at the company's future Windows 7 operating system.
updated: Fri Jan 09 2009 17:42:00
CNN's Nicole Lapin has a preview of this year's Consumer Electronics Show in Las Vegas.
Dear FSB: My father, brother and I own a plumbing business that is under my father's DBA. We have since expanded. Now, my brother is in charge of repairs, my father new construction, and I manage the overhead. I was wondering if we should develop our own individual LLC's - my brother for repairs, mine for management services, and my father for new construction? My father is also getting older and I want to make sure when he retires he receives 33% of profits for the rest of his life, as he started the business. Can our separate LLCs form a partnership? What would you recommend?
The phone business has been very good to the cable industry.
Bear Stearns Co. and Chinese investment bank Citic Securities Co. said Monday they will each invest $1 billion in the other as part of a joint effort to develop new products and services for the China market.
Credit Suisse and Citigroup are competing to secure a Chinese partner to set up an investment banking joint venture to tap the country's fast growing capital markets, sources close to the situation said Monday.
Over a 13-year pro career, Lisa Raymond has won 62 doubles titles, including a career Grand Slam. She and her current partner, Australian Samantha Stosur, are currently ranked No. 1 on the Sony Ericsson WTA Tour. Lisa writes for SI.com on alternate weeks about her career, life on the tour and other tennis news and notes.
U.S. venture capital investments climbed to a five-year high in 2006 as investments in biotech and Internet-related firms soared, according to a report issued Tuesday.
OK. So Al Gore didn't really invent the Internet. But thanks to a partnership with Yahoo, the former vice president is about to become a bigger media player on the Web.
Not all U.S. companies are bemoaning the potential for fraud that comes with doing business in China. Corruption is a good thing for the growing number of private eye firms setting up shop in the Far East.
You might not have heard of Albert Strangi, but your accountant probably has.
Corporations may soon have to think twice before forming a joint venture with a competitor.
It seems that Microsoft has gotten kind of, uh, soft, lately.
The Supreme Court convened for a new session Monday with a number of cases on its docket that could have a huge impact on the business world.
Bang and Olufsen is to team up with Korean electronics company Samsung to create a mobile phone incorporating B&O's top-quality acoustics and design.
If you've dreamed of investing in real estate but don't want to miss out on the kids' Little League games, partnerships may be the answer.
If you've dreamed of investing in real estate but don't want to miss out on the kids' Little League games, partnerships may be the answer.
The French telecom equipment firm Alcatel has sold its stake in its joint venture in China just nine months after formation.
IN A MODERN INDUSTRIAL PARK ON THE EAST SIDE OF Shanghai, General Motors can't keep up with demand. Its plant is churning out new Buicks on three shifts, 24 hours a day, five days a week. The cars-...
This week's $90 million decision by Japanese auto maker Suzuki to open a new diesel plant and a second car assembly plant in India is indicative of a $5 billion industry that sees blue skies ahead.
Only a few years ago, estate planning boiled down to one question: How can I make sure that the wealth I've amassed through hard work and savvy investing won't be decimated by taxes when I die?
In the go-go '90s venture capitalists were compared, favorably, to the junk-bond merchants of the '80s. Now, saddled with startups worth no more than a bottle of Advil, and with fewer opportunities...
If you wandered through Trafalgar Square on the morning of Sept. 27, past the weathered stone columns of St Martin-in-the-Fields, you might have been surprised to see a group of bearded, black-hatt...
Carrefour," says Jean Anthoine with sudden intensity, "is a mission." On this warm, late-spring day in Warsaw, Anthoine, who directs the French retail giant's chain of Polish supermarkets, is on th...
What do you do when a child is about to come into a pile of money that's been growing faster than he has? That's the question on the minds of a lot of people who set up accounts for their kids or g...
OCCUPATION: Veterinarian
The Baikonur launch complex in Kazakhstan is not a good place to be a human being. The winters are as cold as Siberia, the summers as hot as Death Valley, and often Baikonur's inhabitants will enjo...
Nearly two years ago Hu Mao Yuan, 48, the first president of Shanghai General Motors, found himself enduring a sleepless night at the Renaissance Center Hotel in Detroit, far from his home in China...
A couple of months ago no one outside the telecommunications business had heard of Global Crossing. Then the Bermuda startup, which is laying fiber-optic cable across the bottom of the world's ocea...
Q. When my family and I landed in Las Vegas last Thanksgiving after flying from Los Angeles, I realized I'd lost our return tickets. The Southwest Airlines representative said we'd have to buy new ...
A FAMILY LIMITED PARTNERSHIP is no longer just a legal structure for setting up the family business. Instead, it's fast becoming a cutting-edge tool for estate planning. Such partnerships offer all...
Sure, you labored like a mule to build your company, and you fought like a lion to protect it, so take a bow. But don't let the applause go to your head--yet. When the time comes to sell your busin...
SOMETIME over the next 24 hours, while the rest of us merely work, eat, and sleep, McDonald's will open three more shiny-new restaurants. One may be out in a fast-growing suburb of Salt Lake City, ...
LINED UP AGAINST the wall of General Electric's medical equipment factory outside Bangalore are seven ultrasound machines covered in plastic. The $25,000 devices are headed for France, Wipro GE Med...
WESTERN INVESTORS have poured some $15 billion into Eastern Europe in the five years since the Berlin Wall came down, but not everyone is happy. General Electric had to put an additional $400 milli...
Q We are your basic DINKs (double incomes, no kids) who jointly gross about $72,000 a year. We would like to buy a home and start a family within the next five years. But here in the San Francisco ...
NOW WHAT? Nothing lasts forever, not even the wave of restructuring and reengineering that has engulfed American business for the past decade. Sure, the daily paper still brings news of companies f...
JUST about everybody in the global electronics industry agrees that this is the Decade of the Strategic Alliance, and for good reason. As telecommunications, computers, consumer electronics, and me...
NOW THAT the global marketplace has reached adolescence, it seems almost everyone is under the covers with everyone else. IBM alone has joined in over 400 strategic alliances with various companies...
From afar, India may still seem like a ''functioning anarchy,'' as former U.S. ambassador John Kenneth Galbraith once described it. But it does have capable managers and aggressive entrepreneurs, a...
SOUTH KOREA'S long quest to be the next Japan seems right on schedule. The country's giant conglomerates are moving into every market on earth. Goldstar has bought a 5% stake in Zenith Electronics ...
WHERE HAVE ALL the dealmakers gone? From their low profile you might assume they had retired en masse to a Caribbean tax haven. Or perhaps joined the witness-protection program. Well, they are trav...
BILLIONS OF DOLLARS are at stake in a breakfast brawl shaping up in Europe. Kellogg built the cereal market from scratch, starting in the British Isles in the 1920s and on the Continent in the 1950...
HERE'S A CHALLENGE: Find any internationally minded company that isn't trying to go global faster by joining hands with rivals, suppliers, and customers to form so-called strategic alliances. Looki...
FROM THE burgeoning Asian economies outside Japan -- from South Korea and Thailand, Singapore, Malaysia, and beyond -- a new breed of corporate giant is rising to challenge top businesses in both t...
SIGNS OF THE TIMES: ''The Japanese miracle can be repeated,'' declare billboards plastered around Budapest by Minolta, the camera maker. Share prices on the Frankfurt stock exchange have been levit...
At cocktail parties in the early Eighties, people bragged about the killings they were going to make with real estate limited partnerships. At family barbecues in the sober Nineties, they lament th...
The preliminary agreement between United Technologies and West Germany's Daimler-Benz to invest in each other's jet engine companies adds to the growing list of corporations that are expanding glob...
Q. I contribute to UGMA (Uniform Gifts to Minors Act) accounts in each of my children's names. Presumably they will use the money for college. When and under what circumstances may I or they withdr...
AS THE TANNED, athletic-looking man with the thick mop of white hair stepped off a plane in Prague, the cheers of 10,000 Czechs rang in his ears. Was this ) a beloved former politico coming home fr...
WITH THE FALL of the Wall and the lifting of the Curtain, Western managers and investors must rethink their strategies for doing business in Europe in the 1990s. Suddenly the Old World has gained a...
THE KEY to South Korea's astounding economic success is a group of unique conglomerates called chaebol. Initially backed by huge injections of government credit, these small family companies have b...
In bygone years, rich returns made commercial real estate one of the sturdiest inflation hedges. Widespread overbuilding has undermined that idea. While commercial construction has slowed, office v...
LIKE AMERICAN and Soviet satellites docking in space, a consortium of five giant U.S. companies has joined up with a unique organization drawn from a cross section of the Kremlin's economic bureauc...
. Desperate to recoup flagging commissions, brokerage firms and sponsors of investment products are resorting to a new marketing gimmick to lure chary buyers into risky investments with high fees. ...
THE THIRD WORLD is a marketer's nightmare. You have to hack through triple- canopy layers of bureaucrats, sidestep quicksands of corruption, survive political typhoons, and figure out some way to b...
THAT SOURING limited partnership you bought a few years ago once seemed a pretty sweet deal. Your financial planner recommended the program, and George down at the bank thought it looked sound. Now...
NOW THAT the grand old days of tax shelters are over, what has taken their place -- sort of -- is an array of tactics best described as tax-advantaged investing. Since tax reform, most investments ...
AN EXECUTIVE at a semiconductor company in Silicon Valley spent more than a year looking for a new home. By September he finally found something he liked, a four-bedroom, ranch-style house in San J...
ESTATE TAXES Q. I recently received an inheritance. Do I have to pay tax on this money? Debra Palaima % Santa Ynez, Calif.
Life hasn't been easy for sponsors of real estate partnerships. Many funds were hurt badly when various real estate markets around the country collapsed in the face of overbuilding. Tax reform elim...
IN A FLASH, it seems, they have gone from scruffy, dependent countries to well-off producers of shoes, clothes, and transistor radios to wealthy powerhouses that appear to turn out the best of ever...
MR. AND MRS. Victor Pelson are in the midtown Manhattan offices of Moran Stahl & Boyer, a consulting firm that is helping them with their approaching adoption. They are looking forward to a new way...
Robert Walters, the newly retired vice chairman of Hertz Farm Management, drives along gravelly County Road S-14 in Iowa's Skunk River Valley, pointing out the great buys amid the miles of corn and...
GIVEN THE INGENUITY of lawyers and accountants, some investors thought that tax shelters would survive despite last year's congressional efforts to demolish them. But those hopefuls were mistaken. ...
After tax reform effectively wiped out tax shelters, you might have thought limited partnerships would go the way of the dinosaur. They haven't. With tax rates lower, sponsors of partnerships have ...
Because it traditionally takes hundreds of thousands or even millions of dollars to play, venture capital investing has been a game for big boys only. Now, through a small but growing group of limi...
WESTERN business's romance with the People's Republic of China is over. A Peking conference sponsored by Chinese advertising officials on how to crack ''a market with more consumers than America an...
When it reformed taxes, Congress also redefined income, inspiring Wall Street to create a new set of investment terms and acronyms. A glossary: Active income: wages, salaries, and any income or los...
THE NEW tax reform law effectively demolishes tax shelters. Gone from the financial landscape will be those offerings -- for everything from windmills and almond groves to movies and office buildin...
You might think that Congress has used its tax reform broom to sweep away tax shelters for good. Not exactly. The 3-to-1 write-off limited partnerships are dead, to be sure. But your stockbroker or...
To hear the developers and builders whine, you might assume think that Congress is about to outlaw owning investment property. True, real estate will lose some of its tax appeal as an investment: w...
When it is enacted, the new tax law will clearly damage most existing tax shelters. But don't try to ditch your partnership before the reform storm hits. Public shelter investors, at least, may be ...
Is there life after tax reform for limited real estate partnerships? Perhaps not for those designed as tax shelters, which get the ax in the Senate bill. But as the chart below suggests, other type...
REAL ESTATE syndicator Craig Hall couldn't have built his $3-billion empire without big doses of energy and moxie. One day last year, when a secretary brought a phone into Hall's private office whe...
BLEND THE ATTRIBUTES of a corporation and a limited partnership and what do you come up with? A master limited partnership (MLP), one of the hottest hybrids blossoming in the oil patch. While T. Bo...
Having run out of takeover targets, T. Boone Pickens showed he could make dramatic moves without them. This time Pickens turned his sights on his own Mesa Petroleum and offered to transform the com...
THE PROSPECT that Congress might tax limited partnerships the same as corporations has given a boost to an alternative real estate investment: the condominium hotel. As an individual owner engaged ...
CHINA FEVER is easy to catch. Upbeat music from the American movie Flashdance greets arriving executives at Peking Airport. The new Great Wall Hotel, a U.S. joint venture, resembles the Hyatt Regen...
Even during periods of low inflation, real estate is not without charms: it can offer high current income and some nifty tax savings. Limited partnerships are a popular way for individuals to play ...
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