Business

Business

More Articles

  • ‘What’s The Red Key For?’

    Teens may not know much about big business, but they sure know about cell phones. A Dutch firm is now sending high-schoolers into corporate settings to tutor technologically challenged workers. Both populations benefit, says Anita van der Stap, who created a company, Bellen doe je zo (translation: "this is how you call") to run the workshops.The students are typically 15- and 16-year-olds from lower socioeconomic immigrant families. They study in an Amsterdam vocational program that prepares them for trade school or apprenticeships. Van der Stap, who runs entrepreneurship classes at the school, got the idea when a bank executive speaking to her students needed their help to answer a text message. She persuaded wireless firm KPN Telecom to underwrite workshops, recruited a dozen students and spent three months training them. The one-hour workshops use a funny quiz (Q: What's a booty call?), PowerPoint presentations and individual coaching to teach text messaging, photo-sharing and...
  • Hot Spots: Al Faisaliah Hotel, Riyadh

    This luxury Rosewood property, in the oversize Al Faisaliah building, caters to both business and leisure travelers. Rooms: The 197 rooms and 27 suites range from approximately $320 to $3,700. Décor: The look is classic, focused on clean lines and neutral colors, with art-deco and Oriental accents. The supersize bathrooms are among Saudi Arabia's biggest, and a touchscreen remote adjusts each room's lighting, curtains and temperature. Food: For those not in the mood for the more formal Globe, Il Terrazzo serves Brazilian churrasco, a variety of slow-roasted meats, on an open-air terrace overlooking a lushly landscaped plaza. Amenities: All rooms are attended by a round-the-clock butler, who can make bookings, arrange couriers, pack and unpack bags and handle just about any request—no matter how indulgent.
  • Smart Giving

    Writing checks isn't enough. The new style of philanthropy is hands-on and disciplined.
  • Roses Are Not Always Red

    A rose is always a rose, and this spring they'll be on lots of garments and accessories. For chilly days, Anthropologie puts a golden vine of roses on a silk and wool scarf ($88). They garnish Prada's satin clutch ($695; bergdorfgoodman.com). Jean-Michel Cazabat covers a black silk shoe with a blossoming vine ($495, available in June; barneys .com). Rosettes accent a sterling-silver Tiffany bangle ($395), and hang with cultured pearls on a necklace ($850; tiffany.com). Fendi's short lemon-chiffon dress is flush with cascading silk rose petals ($1,710; bergdorfgoodman .com). And Judith Leiber's Precious Rose purse features a tiered mosaic of 1,169 pink sapphires, 800 tourmalines and 1,016 diamonds—more than 42 carats' worth (about $92,000, dependent on the market; 212-223-2999). Don't say we never promised you a rose garden.
  • An Oil Oasis

    Saudi Arabia challenges our ideas about the Gulf world.
  • The Road Ahead for Cars

    A General Motors leader says small and electric are the wave of the future. But don't expect the U.S. fleet to resemble Europe's until gas passes $10 a gallon.
  • Quick Read

    The Turnaround Kid: What I Learned Rescuing America's Most Troubled Companies By Steve MillerSteve Miller has had an extraordinary career that many of his readers may be glad they haven't shared. After making his name as Lee Iacocca's wingman during the 1979 rescue of Chrysler, he became the go-to guy for foundering companies, the CEO you hired to parachute in to save the likes of Bethlehem Steel, real-estate colossus Olympia & York and, most recently, the still-bankrupt auto-parts maker Delphi. Miller resists the temptation to burnish his own legacy, frankly examining his failures along with his successes while also sympathetically recounting the struggles of his late wife, who died of cancer as he fought to keep Delphi going.Nudge: Improving Decisions About Health, Wealth, and Happiness By Richard H. Thaler and Cass R. SunsteinDespite the hypey, buzzy title, which evokes too many superficial books that purport to define the hidden forces lurking behind everyday life, there's...
  • Samuelson: The End of Shopping

    For two decades, it's been driven by rising debt levels. At the end of 2007, household borrowing was a dizzying $14 trillion.
  • BAILEY: With McCain and the Economy, Is the Third Time the Charm?

    Here's my NEWSWEEK colleague Holly Bailey with a report from the McCain caravan in Pennsylvania, where the Arizona senator sought this morning to establish greater credibility on 2008's top issue: the struggling economy. Read my earlier dispatch from last week's Brooklyn event here.PITTSBURGH, Penn.--For the ...
  • Five Star And Far Out

    Luxury hotels are cropping up in such remote locales as Azerbaijan and Inner Mongolia.
  • Escape From Caracas

    High inflation is encouraging Venezuelans to spend their cash on foreign travel—while they still can.
  • You Are Getting Sleepy

    Well-stocked minibar? Check. Extra-deep pillow-top mattress? Check. Now, if only there were someone in this hotel to just read you a bedtime story.For every traveler who's ever had those thoughts, there's Hyatt's new Andaz Liverpool Street Hotel in London, which claims to be the first with a reader in residence. Damian Barr, a writer for the city's Times, will recommend books, be available for literary meals and go to rooms for one-on-one reading sessions. Guests can choose from a book menu organized by category, with everything from Guilty Pleasures ("Lucky" by Jackie Collins) to Books You'd Never Actually Read Yourself But Would Like To (Tolstoy, Joyce). "One business guest has booked Damian to read the morning papers, then summarize over breakfast," says Arnaud de Saint-Exupéry, the hotel's general manager. He sees the program—launching to coincide with the London Book Fair this month—as one in a series of cultural offerings from the luxe hotel. Other programs will follow when...
  • Geox: Soles With Holes

    Geox has made a footwear business out of stopping sweat. Now it aims to overtake Nike and Adidas.
  • I Want My (Web) MTV

    Digital impresario Mika Salmi is transforming Viacom's MTV Networks into a new-media powerhouse, saving it from a fate worse than death: middle age.
  • Grand as Well as Green

    Just because a hotel is luxurious doesn't mean it has to compromise the environment. Some topnotch resorts are experimenting with innovative ecological programs that aim to keep the planet's—and their own—best interests at heart. The guests like them, too. The Mount Nelson Hotel in Cape Town is one of South Africa's finest, boasting rejuvenating spa treatments, afternoon tea and stunning views of Table Mountain. It is also home to more than 120,000 earthworms that, through Mount Nelson's Vermiculture Project, aid in transforming organic waste into fertilizer for the grounds' gardens ($504 per night; mountnelson.co.za).Animal lovers will appreciate a stay at the InterContinental Moorea Resort & Spa in the French Polynesian islands. The grounds feature a sea-turtle rehabilitation center, which serves as a temporary hospital for injured turtles, as well as a permanent home for turtles not healthy enough to return to their natural habitats. The resort's lagoon is home to the Moorea...
  • Made In the Shade

    These lampshades shine in the spotlight. Rothschild & Bickers's ruby hand-blown glass shade with fabric trimming infuses contemporary style with a touch of Victorian decadence ($475; rothschildbickers.com). Designer Janne Kyttanen's Palm Pendant lampshade will illuminate any room with its 3-D print effect ($2,145; cameronpeters.co.uk). Tom Dixon's Twist Pendant is made of pleated and twisted laminated cotton in an hourglass design ($415; tomdixon.net). The Swan Light, true to its name, is built from feathers cast out of glass and gives off an ethereal glow ($825; hiddenartshop.com). Jasper's limited-edition lampshade features a green leaf motif digitally printed on cotton satin ($340; hiddenartshop.com). And Squint Ltd.'s bespoke shades come wrapped in antique silk, a magnificent swirl of pattern and color ($370; squintlimited.com). Even with the lights off, they all dazzle.
  • Quinn: Subprime-Loan Katrinas

    The government had plenty of power to prevent the mortgage crisis. But regulators didn't do their jobs—and still don't get it.
  • What Power Looks Like

    They ride on Gulfstreams, set the global agenda, and manage the credit crunch in their spare time. They have more in common with each other than their countrymen. Meet the Superclass.
  • Retirement Postponed

    Baby boomers who'd expected to quit work by now discover they can't afford it. Blame the meltdown.