11/12 BusinessWeek.com -- Management

BusinessWeek.com -- Management         Heebner Beats Yacktman as Stock Market Rewards Bet on Recovery November 12, 2010 at 2:26 PM   Ken Heebner, whose top-performing mutual fund was mired in a two-year slump, is among the main beneficiaries as the rally that lifted stocks 17 percent in 10 weeks rewards managers betting on an economic recovery.         Electronic Arts Developer Spicy Horse to Expand China Studio November 12, 2010 at 10:52 AM   Electronic Arts Inc. content developer Spicy Horse Games aims to double its workforce as the American-owned, Shanghai-based company looks to sell online games in China, the world's largest Internet market by users.         NWR Chairman Seeks More Deals After $1.2 Billion Bogdanka Bid November 12, 2010 at 9:18 AM   New World Resources NV, bidding $1.2 billion for Polish energy-coal producer Lubelski Wegiel Bogdanka SA, is studying further acquisitions in the region as it seeks to create Europe's biggest coal mining company.         Bolsa Mexicana Seeks More Trading From Foreign Firms November 12, 2010 at 8:24 AM   Bolsa Mexicana de Valores SAB, operator of Mexico's main stock and derivatives exchanges, has changed rules to make it easier for foreign trading firms to buy and sell from outside the nation.         IMG’s Forstmann Admonished by Tennis Tour for Bet on Federer November 12, 2010 at 7:28 AM   Ted Forstmann was told by the men's tennis tour not to violate its gambling rules after he acknowledged making a $40,000 wager on Roger Federer, a client of his company, to beat Rafael Nadal in the 2007 French Open final.         A Management Primer from the Decider-in-Chief November 12, 2010 at 7:00 AM   In his memoir, George W. Bush breaks his Presidency up into a series of decision-making case studies. Unfortunately, running a country isn't just a series of decisions         Bolsa Mexicana Rule Change to Help Foreigners Trade, CEO Says November 12, 2010 at 4:45 AM   Bolsa Mexicana de Valores SAB, operator of Mexico's stock and derivatives exchange, has changed rules to make it easier for foreigners to buy and sell from outside the nation.         Repsol May Expand Peru Refinery as Fuel Demand Soars, CFO Says November 12, 2010 at 4:07 AM   Repsol YPF SA, the Spanish oil company which supplies 45 percent of Peru's fuel, said it's interested in expanding its 102,000 barrel-a-day La Pampilla oil refinery as gasoline demand surges.         Buffett’s LBO Criticism Has ‘Agenda,’ Blackstone’s Blitzer Says November 12, 2010 at 3:05 AM   Billionaire investor Warren Buffett's criticism of leveraged buyout firms helps his "agenda" as a rival of those companies, Blackstone Group LP senior managing director David Blitzer said.         IMG’s Forstmann Says Federer Bet Was ‘Bad Judgment’ November 12, 2010 at 1:22 AM   Ted Forstmann said he did nothing wrong in betting $40,000 on his client Roger Federer to beat Rafael Nadal in the 2007 French Open tennis final, though he regrets making the wager.         DeNA’s CEO Sees Facebook, Zynga as Potential Partners November 11, 2010 at 4:15 PM   DeNA Co., Japan's biggest developer of social games for mobile phones, may partner with Facebook Inc. or Zynga Game Network Inc. as the company seeks to expand overseas, Chief Executive Officer Tomoko Namba said.         DeNA’s CEO Sees Facebook, Zynga as Potential Partners November 11, 2010 at 12:03 PM   DeNA Co., Japan's biggest developer of social games for mobile phones, may partner with Facebook Inc. or Zynga Game Network Inc. as the company seeks to expand overseas, Chief Executive Officer Tomoko Namba said.         Alcoa CEO Kleinfeld Supports Creation of Aluminum-Based ETF November 11, 2010 at 9:24 AM   Alcoa Inc., the largest U.S. aluminum producer, said it supports the creation of an exchange- traded fund backed by the lightweight metal and would be interested in supplying aluminum for such a product.         Goldman Sachs’s Harfouche Departs From European Equities Post November 11, 2010 at 7:56 AM   Goldman Sachs Group Inc., the top- ranked manager of European stock sales this year, dismissed Alexandre Harfouche, the co-head of European equity syndicate, according to a person familiar with the matter.         Goldman Sachs, Citadel Alumni to Start Tudor Fund November 11, 2010 at 6:37 AM   Tudor Pickering Holt & Co. hired alumni from Citadel Investment Group LLC and Goldman Sachs Group Inc. to start a hedge fund focused on energy companies, the Houston-based company said.         Verizon Boosts COO McAdam’s Salary to $1.4 Million November 11, 2010 at 6:20 AM   Verizon Communications Inc., the second-largest U.S. phone carrier, increased Lowell McAdam's salary by 70 percent to $1.4 million following his promotion to chief operating officer from head of its wireless unit.         Goldman’s Jones, Founder of Quant Fund, to Leave November 11, 2010 at 5:20 AM   Robert C. Jones, who helped found and lead Goldman Sachs Group Inc.'s quantitative equity fund management unit, is leaving after 24 years at the company, according to an internal memo sent to employees today.         JPMorgan Names Joseph Bonocore as Lender’s Treasurer November 11, 2010 at 2:37 AM   JPMorgan Chase & Co., the second- largest U.S. bank by assets, named Joseph Bonocore as treasurer, according to an internal memo obtained today by Bloomberg News.         Celanese to Spend $700 Million on Coal-to-Ethanol November 11, 2010 at 2:07 AM   Celanese Corp., the largest producer of acetyl chemicals used in paint and plastics, plans to spend as much as $700 million to build two factories in China that turn coal into ethanol for industrial uses.         Goldman Sachs’s Robert C. Jones to Leave After 24 Years at Firm November 11, 2010 at 1:58 AM   Robert C. Jones, who helped found and lead Goldman Sachs Group Inc.'s quantitative equity fund management unit, is leaving after 24 years at the company, according to an internal memo sent to employees today.         Siemens to End Seesaw Returns With Dividend Pledge November 10, 2010 at 8:02 PM   Siemens AG Chief Executive Officer Peter Loescher may strive to hand investors the same reliability as its power-plant turbines and trains.         Fidelity-Backed Shriram Transport Seeks Banking License in India November 10, 2010 at 5:48 PM   Shriram Transport Finance Co., an Indian truck financier backed by Fidelity Investments, will apply for a banking license as the country seeks to extend lending facilities to villages.         Capital Dynamics Plans New Asian Fund of Private Equity Funds November 10, 2010 at 11:19 AM   Capital Dynamics, a Swiss private equity firm with about $20 billion in assets, plans to start an Asia-focused fund of private equity funds in a year or two after opening a Japanese office this month.         Timberland Seeks to Double China Stores, Chief Executive Says November 10, 2010 at 10:33 AM   Timberland Co. plans to at least double stores selling its products in China by the end of 2011, as the U.S.-based maker of waterproof boots seeks to benefit from rising incomes in the world's fastest-growing major economy.         Siemens May Seek to End Seesaw Returns With Dividend Pledge November 10, 2010 at 9:16 AM   Siemens AG Chief Executive Officer Peter Loescher may strive to hand investors the same reliability as its power-plant turbines and trains.         Goldman Sachs, Citadel Alumni to Start Tudor Pickering Fund November 10, 2010 at 8:16 AM   Tudor Pickering Holt & Co. hired alumni from Citadel Investment Group LLC and Goldman Sachs Group Inc. to start a hedge fund focused on energy companies, the Houston-based company said.         NYC Schools Chief Klein Steps Down, Replaced by Hearst’s Black November 10, 2010 at 8:06 AM   New York City Schools Chancellor Joel Klein stepped down after eight years running the largest U.S. school system and will be replaced by Cathleen Black, chairman of Hearst Magazines, Mayor Michael Bloomberg said.         Celanese to Spend $700 Million on Chinese Coal-to-Ethanol Plants November 10, 2010 at 7:15 AM   Celanese Corp., the largest producer of acetyl chemicals used in paint and plastics, plans to spend as much as $700 million to build two factories in China that turn coal into ethanol for industrial uses.         IAC Surrenders to Google, Ends Ask.com Search Effort November 10, 2010 at 6:19 AM   Ask.com, the Internet search engine that media mogul Barry Diller acquired for $1.85 billion to compete with Google Inc., is cutting 130 engineering jobs and conceding much of its search business to competitors.         Investors Don't Care About Sustainability … November 10, 2010 at 5:31 AM   Yet Accenture's recent study with the U.N. confirms that CEOs do, which is why they need to work on making investors understand the business case         Hughes: The Internet's Ultimate Enabler November 10, 2010 at 5:10 AM   Pradman Kaul, CEO of satellite broadband provider Hughes Communications, discusses how the company stretches the capabilities of its innovators         Brioni Promotes Francesco Pesci to Chief Executive Officer November 10, 2010 at 4:31 AM   Brioni Roman Style SpA, whose suits have been worn by Clark Gable and James Bond, said it promoted Francesco Pesci to chief executive officer.         AES Plans to Spend $15 Billion on India Power Projects November 9, 2010 at 7:28 PM   AES Corp., the U.S. power producer with operations in 29 countries, plans to spend as much as $15 billion to increase capacity in India and get 10 percent of its revenue from the South Asian nation in five years.         Gartmore’s Investors Flee as Star Fund Managers Quit November 9, 2010 at 7:15 PM   Roger Guy and Guillaume Rambourg, Gartmore Group Ltd.'s two star managers, won European fund of the year at a black-tie gala at London's Grosvenor House Hotel on Jan. 21. Ten months later, both have quit and the company is considering putting itself up for sale.         BP’s Dudley Shrinks Trading on Stagnant Oil Prices November 9, 2010 at 6:50 PM   BP Plc's Robert Dudley said he's shrinking oil trading after the least volatile prices in seven years made buying and selling commodities less profitable.         BP’s Dudley Shrinks Trading as Stagnant Oil Prices Crimp Profit November 9, 2010 at 9:16 AM   BP Plc's Robert Dudley said he's shrinking oil trading after the least volatile prices in seven years made buying and selling commodities less profitable.         Gartmore Investors Flee as Star Managers Quit, Performance Lags November 9, 2010 at 9:03 AM   Roger Guy and Guillaume Rambourg, Gartmore Group Ltd.'s two star managers, won European fund of the year at a black-tie gala at London's Grosvenor House Hotel on Jan. 21. Ten months later, both have quit and the company is considering putting itself up for sale.         Thomas Cook Says ‘High-Street’ Travel Agents Gain Market Share November 9, 2010 at 8:16 AM   Thomas Cook Group Plc Chief Executive Officer Manny Fontenla-Novoa said traditional travel agents are regaining market share from Web-based operators in some markets as consumers become more cautious.         AIG’s Martin Joins MetLife to Assist With Alico Transition November 9, 2010 at 5:45 AM   Rodney Martin, who was named last year to lead non-U.S. life operations at American International Group Inc., has taken a job with MetLife Inc. to assist with the integration of a division he once oversaw.         Risk Management and Innovation November 9, 2010 at 5:41 AM   The biggest risk could lie in misconceiving risk management itself, says Innosight's Mark W. Johnson         Aldar Names Sami Asad to Replace John Bullough as CEO November 9, 2010 at 2:18 AM   Aldar Properties PJSC, Abu Dhabi's biggest property developer, appointed Chief Operating Officer Sami Asad to become the company's third chief executive officer in four years.         BP Names Former U.S. Navy Admiral, Ex-KPMG Partner as Directors November 9, 2010 at 12:40 AM   BP Plc named Frank L. "Skip" Bowman and Brendan Nelson non-executive directors to the board as the company tries to restore its reputation following the Gulf of Mexico oil spill.         National Appoints Mazarakis Chief Financial Officer at Bank November 8, 2010 at 11:53 PM   National Bank of Greece SA said it appointed Babis Mazarakis chief financial officer of the bank, reporting to Anthimos Thomopoulos, the group's chief financial officer. The bank commented in an Athens bourse filing today.         Gartmore Plunges as Guy Retires, Firm Weighs Sale November 8, 2010 at 11:41 PM   Gartmore Group Ltd., the U.K. money manager that first sold shares in December, dropped to its lowest price in London trading after the firm said it's weighing a sale or merger and fund manager Roger Guy said he will retire.         GE Names Vice Chair Rice to New Post in International Expansion November 8, 2010 at 11:26 PM   General Electric Co. named Vice Chairman John Rice to oversee a new international business structure as Chief Executive Officer Jeffrey Immelt signals the importance of faster-growing overseas markets for the company.         Asia Carriers Look to Europe, U.S. to Help Fill Growing Fleets November 8, 2010 at 11:19 AM   Asian airlines' local demand let them weather the worst global travel slump since World War II. The carriers are now looking for growth in Europe and the U.S. to help fill planes next year.         Vodafone’s Colao May Boost Bet on Data as Voice Margins Decline November 8, 2010 at 9:21 AM   Vodafone Group Plc Chief Executive Officer Vittorio Colao made driving mobile data use a priority shortly after taking the helm in 2008.         Druckenmiller Alumni Said to Start $5 Billion Hedge-Fund Firm November 6, 2010 at 1:04 PM   Stan Druckenmiller's former colleagues at Duquesne Capital Management LLC are opening a new firm with $5 billion in assets, said four people briefed on the plans, the second-largest hedge-fund startup ever.         Fluor Rises in ‘Violent Reaction’ to Buyback, Backlog November 6, 2010 at 5:58 AM   Fluor Corp., the largest publicly traded U.S. construction company, climbed the most since March 2009 after its backlog expanded 18 percent and the company increased share buybacks.         Bank of America’s Lawyers Demand Names in Mortgage-Bond Battle November 6, 2010 at 5:37 AM   Bank of America Corp., responding to the attorney for a bondholder group that's pushing the bank to repurchase soured home loans, demanded proof the lawyer is authorized to mount an attack on behalf of investors including units of BlackRock Inc. and MetLife Inc.         The Wall-less Office November 6, 2010 at 3:32 AM   We know, you're dreaming of a corner office. But open work spaces remove barriers to communication, enable innovation, and make everybody feel important         Duquesne Alumni Said to Start New Hedge Fund With $5 Billion November 6, 2010 at 3:02 AM   Alumni from Stan Druckenmiller's Duquesne Capital Management LLC are opening a new firm with $5 billion, said four people briefed on the plans, the second- largest hedge-fund startup ever.         Book Excerpt: Undercover Boss November 6, 2010 at 2:56 AM   As Chris McCann discovered, being president of 1-800-Flowers.com isn't much of a power trip when you come face to face with a giant chocolate-enrobing machine         Book Excerpt: Undercover Boss November 6, 2010 at 2:56 AM   As Chris McCann discovered, being president of 1-800-Flowers.com isn't much of a power trip when you come face to face with a giant chocolate-enrobing machine         Fluor Surges in ‘Violent Reaction’ to Buyback, Backlog November 6, 2010 at 2:21 AM   Fluor Corp., the largest publicly traded U.S. construction company, climbed the most since March 2009 after its backlog expanded 18 percent and the company increased share buybacks.         Tips for Success from Room to Read November 6, 2010 at 2:14 AM   Erin Ganju, co-founder of Room to Read, says the entrepreneurial nonprofit's secret is "know what you do, and do it well"         Putting the Customer FIRST at Home Depot November 6, 2010 at 1:41 AM   Home Depot's Marvin Ellison talks about the DIY retailer's increased focus on customer service and what it has meant for the business         Fluor Surges After Naming Seaton CEO, Boosting Share Buyback November 6, 2010 at 12:23 AM   Fluor Corp., the largest publicly traded U.S. construction company, climbed the most since March 2009 after naming David Seaton to succeed Chief Executive Officer Alan Boeckmann and increasing share buybacks.         Jefferies Hires Judlowe for Real Estate Post in Capital Markets November 5, 2010 at 11:16 PM   Jefferies Group Inc., the New York investment bank that expanded in equities research and mortgage securities, hired Michael L. Judlowe as a managing director of real estate for its global equity capital-markets group.         Janus Overseas Turns to U.S. With Emerging Markets ‘Secret’ Out November 5, 2010 at 1:16 PM   Brent Lynn has beaten 96 percent of rivals since taking over the Janus Overseas Fund in 2003, in part by investing in stocks from emerging markets such as India and Brazil.         BofA’s Moynihan Sees No Need to Sell Shares to Raise Capital November 5, 2010 at 10:49 AM   Bank of America Corp. won't need to sell common shares to boost capital as it works through demands from mortgage investors to repurchase loans that may have been poorly underwritten, Chief Executive Officer Brian T. Moynihan said.         New Business Books November 5, 2010 at 4:45 AM   A List of Tomes About Jobs, Careers, Management, and Leadership (updated every week)         BofA’s Moynihan ‘Surprised’ by New York Fed Loan Putback Demand November 5, 2010 at 4:42 AM   Bank of America Corp. Chief Executive Officer Brian T. Moynihan said he was surprised when the Federal Reserve Bank of New York and investors sent a letter pushing the firm to repurchase soured mortgages pooled into securities.         Sun Life May Sell Other Businesses After Unit Sale to Berkshire November 5, 2010 at 3:18 AM   Sun Life Financial Inc., which agreed last week to sell a reinsurance business to Warren Buffett's Berkshire Hathaway Inc., may sell other operations, Chief Executive Officer Donald Stewart said.         Wilbur Ross Gives $10 Million to Yale Business School November 5, 2010 at 1:06 AM   The billionaire Wilbur Ross will donate $10 million for a library in Yale School of Management's new building.         Chi-X Europe Said to Send Potential Buyers Information Pack November 4, 2010 at 11:53 PM   Chi-X Europe Ltd., which received a takeover approach in August, has sent out a memorandum with information to potential suitors, according to people familiar with the situation.         HSBC Italy Chief Perrelli Sees ‘Window’ for Europe IPOs in Asia November 4, 2010 at 11:32 PM   European companies are considering initial public offerings in Asia where demand is higher, said Marzio Perrelli, who oversees HSBC Holdings Plc's business in Italy.         Berlusconi Partying With Minor Raises Bond Risk: Euro Credit November 4, 2010 at 11:05 PM   Italian Prime Minister Silvio Berlusconi faces calls for his resignation amid a sex-related scandal, driving up bond yields a month after he quelled a revolt that threatened to bring down his government.         Elpida to Cut Chip Output, Citing ‘Abrupt’ Price Drop November 4, 2010 at 6:17 PM   Elpida Memory Inc., the Japanese chipmaker bailed out by the government last year, will slash semiconductor production by about 25 percent, citing an "abrupt" drop in prices.         JSW Energy Said to Plan Bid for Canada’s CIC Energy November 4, 2010 at 1:41 PM   JSW Energy Ltd., the Indian power producer controlled by the billionaire Jindal family, plans to bid for CIC Energy Corp. to add coal assets in Africa, according to two people with direct knowledge of the matter.         Biocon May Spin Off Syngene Unit by May 2012, Mazumdar-Shaw Says November 4, 2010 at 1:18 PM   Biocon Ltd., India's biggest biotechnology company, may spin off its Syngene contract research unit as early as May 2012, Chairman Kiran Mazumdar-Shaw said.         Elpida Shares Fall in Tokyo After Report of Chip Production Cut November 4, 2010 at 9:34 AM   Elpida Memory Inc. fell in Tokyo trading after a report that the Japanese chipmaker plans to cut production for the first time in two years and put off plans to build a plant.         JPMorgan’s Black to Leave Early After Losing Operational Duties November 4, 2010 at 6:20 AM   JPMorgan Chase & Co. Vice Chairman Steven Black will leave the firm in early 2011, about a year into a three-year commitment announced in January.         Jefferies Sells Bonds to Expand as Wall Street Slumps November 4, 2010 at 5:36 AM   Jefferies Group Inc., the New York investment bank that raised half a billion dollars in a bond sale, will plow ahead with expansion as earnings across Wall Street slide.         Jefferies Sells Bonds to Keep Expanding Amid Wall Street Slump November 4, 2010 at 2:45 AM   Jefferies Group Inc., the New York investment bank that raised half a billion dollars in a bond sale, will plow ahead with expansion as earnings across Wall Street slide.         Viktor Chernomyrdin, Ex-Russian Premier, Dies at 72 November 3, 2010 at 11:49 PM   Viktor Chernomyrdin, the longest- serving prime minister in post-Soviet Russia and the first head of state natural-gas export monopoly OAO Gazprom, died in Moscow. He was 72.         Hartford Gains on Biggest Profit Since 2007, Forecast November 3, 2010 at 10:43 PM   Hartford Financial Services Group Inc. posted the largest advance in the Standard & Poor's 500 Index after reporting its biggest profit since 2007 on investment gains and boosting its 2010 earnings forecast.         JSW Energy Said to Plan Bid for Canada’s CIC Energy This Month November 3, 2010 at 9:31 PM   JSW Energy Ltd., the Indian power producer controlled by the billionaire Jindal family, plans to bid for CIC Energy Corp. to add coal assets in Africa, according to two people with direct knowledge of the plan.         Saft Predicts 2011 Rise in Industrial Battery Sales November 3, 2010 at 8:48 PM   Saft Groupe SA, the French maker of batteries used in submarines, rockets and satellites, said revenue from industrial companies such as automakers and utilities will probably rise next year.         Accor Replaces CEO Pelisson With McDonald’s Hennequin November 3, 2010 at 7:39 PM   Accor SA, Europe's largest hotelier, said Chief Executive Officer Gilles Pelisson will be replaced by Denis Hennequin as a result of differences with the board.         Accor Names Hennequin CEO to Replace Pelisson From January November 3, 2010 at 4:48 PM   Accor SA, Europe's largest hotelier, said Denis Hennequin will replace Gilles Pelisson as chief executive officer after the current CEO had differences with the board.         HSBC-Backed Gym Operator Talwalkars Expects Sales to Double November 3, 2010 at 2:33 PM   Talwalkars Better Value Fitness Ltd., backed by HSBC Holdings Plc, expects annual sales to almost double as economic growth in the world's second-most populous nation lifts spending on health and wellbeing.             This email was sent to xupan0000@gmail.com. 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