Business

Shell Considering Arctic Drilling for Oil

The Shell oil corporation said it will decide within months whether to begin drilling for oil and gas off the Alaskan coast despite strong opposition.


Silicon Valley Entrepreneur Had Ties to Galleon

Friends and associates of Silicon Valley entrepreneur Krish Panu describe him as a "good guy" and an unlikely candidate to have any connection to the Galleon hedge fund insider trading scandal. But public documents leave little doubt that Panu, 52, of Los Altos Hills, is the board member of Los Angeles outsourcing firm PeopleSupport who was monitored by the FBI discussing inside information about the company with Galleon co-founder Raj Rajaratnam last year.


How Google, Facebook, and Amazon Are Changing the World of Human Resources

New Web applications offer a rich, engaging experience that promotes communication, facilitates collaboration, improves user productivity, and encourages the user to complete the transaction. Because of the success of these applications, organizations are reevaluating their expectations of their own applications. In particular, Human Resource professionals need to understand - and more importantly embrace - this evolution in technology.


Placement Firm Boss Earned Millions After CalPERS Investment

Alfred Villalobos, the controversial businessman at the heart of a pension fund corruption probe, earned some $9.6 million in fees after CalPERS invested hundreds of millions of dollars with a real estate firm with deep ties to downtown Sacramento.


More Microsoft Layoffs Set

U.S. software giant Microsoft (NASDAQ:MSFT) said it would lay off 800 workers on top of a previously announced cutback of 5,000 announced in January.


How Businesses Can Cut Credit-Card 'Swipe' Fees

Business owners have long grumbled about the cost of taking credit cards, and for the first time, Congress is considering regulating how the fees are set. Small shops can reduce how much they pay to accept credit cards, to a point, with some effort. Details inside.


Then-CalPERS Boss Wed at Placement Firm Chief's Home

STATELINE, Nev. -- When Fred Buenrostro, then the chief executive of California's giant public employees' pension fund, was looking for a place to get married, he accepted an offer to hold the wedding at the home of good friend and former CalPERS board member Alfred J. Villalobos.


Time Warner Profits Down, But Outlook Raised

Media conglomerate Time Warner posted a 38 percent drop in third quarter profit Wednesday. However the earnings results beat analysts' estimates, and helped prompt the company to raise its earnings outlook for 2009 from $1.98 per share to $2.05 per share.


Bodybuilding.com Recalls 65 products

The U.S. Food and Drug Administration announced the recall of 65 products sold online by Bodybuilding.com that might contain steroids.


GM Says it Will Keep Opel

U.S. automaker GM Co. said Tuesday business is looking up so it's not going to sell its Opel division.


Buffett Betting on the United States

For the feather in his cap at age 79 and still going strong, the world's second richest man, Warren Buffett, bought himself a railroad.


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