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Business News for Wednesday February 8, 2012
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The Redmond, Wash.-based software company profits were based on reported record revenues of $62.5 billion, driven in large part by its Windows 7 operating system, which has sold more than 240 million copies.By J.P. Mangalindan, writer-reporter
NEXT: 2. International Business Machines
Last updated May 05 2011: 2:53 PM ET /div>.. more
Meet Apple's all-starsApple stars like Tim Cook, Jony Ive and Phil Schiller are well known, even beyond Silicon Valley. Here's a "who's who" of the rest of Apple's talented executive bench.Craig Federighi• NEW! Fortune 500+: Your tool for getting inside America's biggest companies
Senior Vice President, Software Engineering
Federighi's relationship with Apple goes back to 1996; he was.. more
New York A court hearing began Friday to hash out the final details concerning the release on bail of Dominique Strauss-Kahn, who resigned his post this week as the head of the International Monetary Fund after accusations of sexual assault.
As soon as the hearing got under way, defense lawyer William Taylor and Assistant District Attorney John McConnell went into the chambers of New York State S.. more
Jeffrey Immelt, General Electric
Immelt ('78) led Dartmouth College's football team, first as co-captain for JV and then as starting offensive tackle in his senior year, towering over competitors at a height of 6'4".
Keith Nosbusch, Rockwell Automation
A 1973 Conference Medal of Honor recipient as a University of Wisconsin Badger, Nosbusch's ('74) skills were highly regarded on the field and .. more
Since I'm not talking about "Hello Kitty" here, what are the qualities of automotive cuteness? First is small size -- the smaller, the better. It is pretty hard to fall in love with a Ford Expedition. Rounded forms are important, too. They are warmer and less threatening than straight lines and hard edges.
Then come anthropomorphic qualities -- making the car look as human as possible. When we lo.. more
The online retailer's staffing levels change with the sales seasons. Still, it managed to add 9,400 employees last year and continues to look for new hires.
"Amazon is currently hiring thousands of positions in all teams and geographies to support continued growth across our business," said a company spokesperson."We're looking for all levels of software engineers, recruiters, buyers and product .. more
HBS upholds its reputation as the Cathedral of Capitalism, with eight Fortune 100 chief executives, more than any other business school. Two of them -- Jeffrey Immelt and Jamie Dimon -- were even classmates at Harvard (class of 1982).
Together, the eight corporate chieftains employ more than one million people and run companies with a total market capitalization of $550 billion, a sum that exceed.. more
Dow Chemical continues to profit on a decades-old sustainability strategy. Between 2009 and 2010, the company saved $760 million from improved energy efficiency, which is something that Dow has been working on since 1990. Since that year, Dow says it has invested about $2 billion in energy efficiency, which has resulted in over $9.4 billion in savings, a $7 billion net savings.
By streamlining th.. more
A housing-industry giant that was built over the course of 70 years, Fannie Mae came crashing down in the summer of 2008. The company, along with its younger, smaller sister Freddie Mac, bought residential mortgages and sold guaranteed securities with the implicit backing of the U.S. government.
Before their implosion, Fannie and Freddie were involved in about half of the entire American mortgage.. more
New York The head of the International Monetary Fund was set to answer charges Monday that he chased a housekeeping employee down the hall of his swanky New York hotel suite and tried to sexually assault her.
Dominique Strauss-Kahn's arraignment was delayed a day after he agreed to forensic testing requested by police, said his attorney, William Taylor. The IMF chief's other attorney, Benjamin Br.. more
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