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Business news and Fortune 500 - FORTUNE Magazine
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Google's tough sell
Steve Skinner, the head of information technology for a big Bay Area real estate agency, recently got his umpteenth call from Google. Would Skinner be interested in buying a package of e-mail, word processing and other software known as Google Apps for his company's 1,300 employees?
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MySpace's Chris DeWolfe answers your questions
Tell us what you would like Fortune to ask the co-founder and CEO of MySpace in an upcoming interview.
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How one bank avoided the meltdown
Not every player in banking is getting clobbered these days. BNP Paribas, which sparked part of the very first global credit-crunch panic when it froze three funds on Aug. 9, 2007, may emerge as the bank least affected by the industry's carnage.
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The battle for channel surfers
If you tuned into the season premiere of AMC's hit show Mad Men as I did, you were probably thrilled - giddy, even - to discover that you would be watching an hour of virtually uninterrupted television. Instead of the usual hash of commercials, BMW, the episode's sole sponsor, ran a single 60-second spot tailored to the show about 1960s Madison Avenue pitchmen. The ad featured a documentary-style interview with advertising legend Martin Puris, co-founder of the Ammirati & Puris agency, describing how he came up with the slogan "Ultimate driving machine."
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Unlocking your home equity
The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash.
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Paulson's Fannie-Freddie fix
The market is betting Henry Paulson is about to put on his black hat again. But the Treasury secretary may not be so easily typecast in the saga of the government-sponsored mortgage finance companies.
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IPO market craters
It's an annual ritual on Wall Street - the fourth quarter IPO season, when a flurry of companies make their debut on the public markets before New Year's. But given today's volatile market, and the dismal performance this month of what seemed sure to be a no-brainer IPO in Rackspace, you have to wonder what kind of year-end bump we might get.
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Short vs. spy: The case of 4C Controls
4C Controls bills itself as a "leading international security and surveillance company," though at present it has no revenues, no products in the marketplace and a grand total of $229,000 in the bank.
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Lehman's clock is ticking
Lehman Brothers' latest march toward the once-unthinkable price of $10 a share was interrupted when a Korean bank expressed interest Friday in the struggling brokerage firm. The question now is whether CEO Dick Fuld is willing to reciprocate.
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The box office indicator
With "The Dark Knight" setting a record for highest-grossing opening weekend and "Pineapple Express" and "Step Brothers" also doing well, 2008 is on track for a record box office summer - suggesting once again that the movie business may be countercyclical to the economy.
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