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Friday, March 18, 2011

The Money Manager in Your Pocket

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March 18, 2011
 

Insider Newsletter

A weekly summary of the best in Bloomberg Businessweek and Businessweek.com


NEWS  THIS WEEK'S TOP STORY

The Money Manager in Your Pocket

 

Editor's Memo
Banks and brokerages are scrambling to upgrade mobile offerings, betting technology will transform the way we spend, save, and invest, says Ben Steverman in "The Money Manager in Your Pocket."

The Global section this week contains some of Bloomberg Businessweek's extensive coverage of the disasters in Japan, and as always, there's plenty more to read from Businessweek.com, Bloomberg Businessweek, and Bloomberg.com.
—Katherine Davis


  FROM THIS WEEK'S ISSUE OF BUSINESSWEEK
FEATURES
Apple, Google May Profit on a Tax Holiday
Those companies and others say they'll bring home billions in earnings—but only if they get a big tax break

FEATURES
A Boom Behind Bars
Private jail operators like the Corrections Corporation of America are making millions off the crackdown on illegal aliens

FEATURES
Are Four Words Worth $25 Billion for Groupon?
Inside Andrew Mason's plan to remake Groupon, fend off copycats, and change your spending habits forever

  FROM BW.COM'S TECHNOLOGY CHANNEL

Apotheker Pushes HP into Cloud, Software
CEO Léo Apotheker plans to get Hewlett-Packard's products working together as "a service," particularly WebOS software and cloud computing offerings. Dividend rises 50 percent


Zillow to Hire Citigroup to Manage IPO
The online real estate information service is joining a growing list of U.S. Internet companies preparing initial public offerings


Apple Delays IPAD 2 Launch in Japan
Amid dire problems caused by the earthquake and tsunami, no new date has been set for the iPad 2 tablet's release in Japan, which accounted for 6.1 percent of Apple's 2010 revenues

  FROM BW.COM'S SMALLBIZ CHANNEL

Making $50,000 Mattresses, Selling in Buffett's Furniture Stores
As founder and chief executive officer of luxury mattress manufacturer E.S. Kluft & Company, Earl Kluft tests many of the $2,000 to $50,000 beds—each of which are made by hand in his Rancho Cucamonga, Calif., factory

VIEWPOINT
'Startup' Visas Could Boost U.S. Entrepreneurship
New legislation aims to keep skilled workers in the country if they start companies that create American jobs, Vivek Wadhwa says

HARVARD BUSINESS REVIEW • From Harvard Business Review
Do Younger Customers Even Like Your Company?
When dealing with financial services companies, children of the digital age aren't feeling the love

  FROM BW.COM'S ASIA & EUROPE CHANNELS
GLOBAL ECONOMICS
Special Report: Crisis in Japan
A look at how the disasters will affect the crippled Asian nation—and the world


Japan's Economic Pain Deepens
The damage from the earthquake &uqot;is much, much larger than we originally thought," says the chief Japan economist at JPMorgan

  FROM BW.COM'S LIFESTYLE CHANNEL
EATING AND DRINKING
Saint Patrick's Day Guide to Cult Irish Whiskey: John Mariani
The production and consumption of high quality Irish single malt and blended whiskey is booming—and not just on March 17

CULTURE
China's Art Market Overtakes U.K.
Auction and gallery sales in China market totaled almost $8.3 billion in 2010, making it the second-biggest after U.S.

THE BUSINESS OF SPORTS
It's Golf and Tennis Time—Where Are the Americans?
After years of dominating golf and tennis, no U.S. contestants show up among top-ranked players in the ATP, the WTA, the PGA, or the LPGA

  FROM BW.COM'S INNOVATION & DESIGN CHANNEL
VIEWPOINT
How to Plan Innovation
The ability to be innovative isn't some genetic gift you're born with. We all have the necessary skills

THE INNOVATION ENGINE
A Shout-Out for Segmentation Data
Quit yawning and start seizing on the wealth within segmentation data. Every department should demand to see this information

DORM ROOM MOGULS
B-School Startups: Block Six Looks to Score
NYU Stern MBA entrepreneur launches a company aimed at increasing revenue for sports organizations

  FROM BW.COM'S FINANCE CHANNEL
VIEWPOINT
How to Turn Stock Speculators into Investors
Tweaking circuit breakers or demanding further trading disclosures won't take the casino out of Wall Street. Instead, public stock ownership should be treated more like a private investment

MANAGEMENT
Five Keys to Profiting in China
For foreign companies doing business in China, the country's booming economy by no means guarantees success


Fed Signals Further Stimulus is Unlikely
In a relatively optimistic statement, the Federal Open Market Committee said the U.S. economy is on "firmer footing," so a third round of so-called QE 2 bond purchases is not anticipated

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