In his new book Common Purpose , Joel Kurtzman argues that successful companies have a team spirit built on inclusiveness and mutual goals — and that leaves little room for know-it-all executives and the traditional imperial CEO. Continue reading Books@Daily Finance: After the Recession, Fewer Bosses? Books@Daily Finance: After the Recession, Fewer Bosses? originally appeared on DailyFinance on Mon, 15 Mar 2010 19:00:00. Filed Under: People , Books Permalink | Tweet this! | Comments

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Books@Daily Finance: After the Recession, Fewer Bosses?

Got the itch to travel, but you can’t afford (or don’t like) a chain hotel room? Meet Stephen Rapoport, London-based founder of Crashpadder: a booking site for grown-up, cost-conscious couch-surfers. Continue reading Crashpadder Creates Bed-and-Breakfasts for the Recession Era Crashpadder Creates Bed-and-Breakfasts for the Recession Era originally appeared on DailyFinance on Sat, 06 Mar 2010 12:00:00. Filed Under: Company News , Technology , Economy , People Permalink | Tweet this! | Comments

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Crashpadder Creates Bed-and-Breakfasts for the Recession Era

After struggling to right itself during the recession, retailer Limited Brands ( LTD ) posted encouraging year-end results for 2009 after the bell on Wednesday. The company plans to close a few stores, but expand abroad by opening more Victoria’s Secret locations in airports. The parent of Victoria’s Secret and Bath & Body Works said its stores are selling more items at full price, which made up… Continue reading Limited Brands Profit Soars, Victoria’s Secret Travels to Airports Limited Brands Profit Soars, Victoria’s Secret Travels to Airports originally appeared on DailyFinance on Thu, 25 Feb 2010 12:30:00. Filed Under: Company News , Earnings , Retail Permalink | Tweet this! | Comments

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Limited Brands Profit Soars, Victoria’s Secret Travels to Airports

This novel barometer, which uses diesel fuel sales as a proxy for goods being trucked throughout the country, isn’t painting a pretty picture. Dubbed the PCI, it fell at a 36.8% annual rate in January after a 60.8% increase in December. That could be trouble for GDP growth. Continue reading A New Trucking Index Suggests Rough Road Ahead A New Trucking Index Suggests Rough Road Ahead originally appeared on DailyFinance on Mon, 15 Feb 2010 09:00:00. Filed Under: Economy , Real Estate Permalink | Tweet this! | Comments

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A New Trucking Index Suggests Rough Road Ahead

A report on the nation’s economy by the President’s Council of Economic Advisers is providing a clearer picture of the economic recovery: high unemployment and less than stellar growth for the next five years. Continue reading Obama Advisers Predict High Unemployment, Low Growth for Next Five Years Obama Advisers Predict High Unemployment, Low Growth for Next Five Years originally appeared on DailyFinance on Fri, 12 Feb 2010 17:00:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Obama Advisers Predict High Unemployment, Low Growth for Next Five Years

The era of the more frugal U.S. consumer continued in December as total consumer debt fell by $1.73 billion, marking the 11th straight monthly decline, the U.S. Federal Reserve said Friday. There’s no doubt that Americans are getting serious about paying down credit card balances and other debt. Continue reading U.S. Consumer Credit Falls for 11th Straight Month U.S. Consumer Credit Falls for 11th Straight Month originally appeared on DailyFinance on Fri, 05 Feb 2010 13:56:00. Filed Under: Economy , Credit Permalink | Tweet this! | Comments

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U.S. Consumer Credit Falls for 11th Straight Month

Although the U.S. unemployment rate unexpectedly dropped to 9.7% in January from 10% in December, the mixed signals generated from the accompanying data are likely to continue through the first quarter, as large employers continue to influence job statistics based on their ability or unwillingness to hire full-time workers. Continue reading Parsing the Mixed Signals in January’s Employment Report Parsing the Mixed Signals in January’s Employment Report originally appeared on DailyFinance on Fri, 05 Feb 2010 16:40:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Parsing the Mixed Signals in January’s Employment Report

More progress on the U.S. employment front, as the private sector cut just 22,000 jobs in January, according to data compiled in the ADP National Employment Report. That follows a revised loss of just 61,000 jobs in December, down from the previously released 84,000. What’s more, January’s drop was the smallest decline in private employment since payrolls started falling in February 2008, or two months after the recession started. A Bloomberg News economists survey had expected private employers to cut 30,000 jobs in January. Continue reading Ray of Light: January Private Sector Jobs Fell Just 22,000 Ray of Light: January Private Sector Jobs Fell Just 22,000 originally appeared on DailyFinance on Wed, 03 Feb 2010 09:40:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Ray of Light: January Private Sector Jobs Fell Just 22,000

The power lunch may well be the Great Recession’s latest casualty. More than a third (36%) of chief financial officers say their most successful business meetings outside the office are conducted over meals, according to a recent survey by staffing-services provider Robert Half Management Resources. But restaurant-spending trends suggest companies may be cutting back on all the wining and dining. Continue reading Companies Take Power Lunch off the Dealmaking Menu Companies Take Power Lunch off the Dealmaking Menu originally appeared on DailyFinance on Tue, 29 Dec 2009 12:00:00. Permalink | Tweet this! | Comments

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Companies Take Power Lunch off the Dealmaking Menu

Court systems nationwide are facing two forces that could collide and create a major crisis in 2010. Caseloads driven by the recession are flooding the courts at the same time as judicial systems around the country are dealing with budget cuts . In some states, those budget cuts could slow the flow of paperwork and possibly even result in postponement of some trials . Continue reading Courts in Crisis: Recession Drives Caseloads Up, Budgets Down Courts in Crisis: Recession Drives Caseloads Up, Budgets Down originally appeared on DailyFinance on Mon, 28 Dec 2009 09:33:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Courts in Crisis: Recession Drives Caseloads Up, Budgets Down