Business News

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Babson faculty delivered customized exxecutive programs to Colonia Insurance, DunkinDonuts, LIMRA, Olsten Health Services, Petroleos de Venezuela, and Siemens Nixdorf Informationssysteme.

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Even accountants are confused by the burgeoning tax code and its '97 Taxpayer Relief Act. BYU's Fred Streuling, head of a national CPA Tax Simplification Committee, lightheartedly attacks the new law - "It's a slap in the face" - and warns that some of its promised tax breaks are not all they seem.

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Baltimore Gas and Electric to replace steam generators at its two-unit nuclear power plant and continue to seek renewal of operating licenses for an additional 20 years.

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"Run, don't walk, to the patent office" and "go national tomorrow" was the advice from the judges to the winner of the 1998 Burton Morgan Entrepreneurial Competition at Purdue University. They were talking about a school locker for disabled students that was the big winner at the 11th annual competition. Eleven teams presented business and marketing plans along with product prototypes to a panel of judges during the final round of competition Saturday (2/28).

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The MBA in International Marketing and Finance (MBA/IMF) offered by DePaul's Kellstadt Graduate School of Business in Chicago combines classroom instruction in international finance and marketing with lengthy business internships at multinational firms around the world. "It's an international marketplace today, and business education must reflect this," said Ashok Batavia, director of the MBA/IMF program.

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A national sporting goods company's pitch to a West Virginia University faculty member may become a hit with youth baseball and softball players-in-training.

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In response to environmental challenges to reduce vehicle weight, the steel industry unveils the UltraLight Steel Auto Body, a four-year, $22 million investment in the future.

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West Virginia University has formed a partnership with the nation's largest supplier of information management software to provide the school's financial and human resources management database system.

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The formula for finding a good lawyer isn't much different from the approaches most consumers use to find a good mechanic, contractor or plumber. Here's some consumer advice on how to spot the legal eagles from the turkeys.

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This monthly electronic broadcast is designed to keep you up-to-date on happenings at the Babson School of Executive Education, a provider of management development programs to clients around the world. Last month the School delivered custom executive programs to Atlantic Data Services, Pitney Bowes, Schwan's Sales Enterprises and Siemens Nixdorf.

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Investors seeking to understand high finance should examine haute couture because finance and fashion styles are often cut from the same cloth, says a Bucknell finance professor.

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Land use is a confusing and volatile issue in the Hoosier state in the '90s.

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On-line resources to assist reporters in covering Steve Hanke, the Johns Hopkins University economist who is advising Indonesian president Suharto on implementing a currency board.

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The corporate practice of managing earnings by carefully timing the sale of investment securities leads analysts to overvalue a company's common stock, says Eric Hirst, an accounting professor at the University of Texas at Austin.

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Employer market power can be a major force for promoting quality and value of health care for Americans, according to a new report by the federal government's Agency for Health Care Policy and Research (AHCPR).

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For parents who are saving up to fund their childrenπs college educations, yesterdayπs savings strategies may not be best in light of new tax laws that went into effect this year, according to an expert from the University of Missouri-Columbia.

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Boston College's Carroll School of Management has been awarded a $477,000 grant from the GE Fund "Learning Excellence" program to develop an innovative curriculum plan promoting interdisciplinary approaches to the solution of corporate business problems.

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Surveys show that farmers haven't grabbed hold of the Internet to the extent that the general population has, but many in agriculture expect that to change as the benefits of linking rural farms and businesses electronically becomes more apparent.

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Professional tax preparers have been warned, and consumers would do well to heed the advice: income tax information you find on the World Wide Web is likely to be old, out-of-date, and just plain wrong, according to Alan Sumutka, professor of accounting at Rider University in Lawrenceville, NJ.

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Robert Vecchio, the Franklin D. Schurz Professor of Management at the University of Notre Dame, has edited a new book on leadership in the workplace. Published by the University of Notre Dame Press, "Leadership: Understanding the Dynamics of Power and Influence in Organizations" is an anthology of key writings by leading scholars in the field.

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Baltimore Orioles third baseman, Cal Ripken, Jr., and Sinai Health System have formed a partnership to establish Cal Ripken, Jr., Sports Acceleration centers, advanced, sports-specific training programs for athletes. Sports Acceleration will develop several centers in the Baltimore/Washington metropolitan area.

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It began long ago as a special day for lovers. But modern marketing has transformed St. Valentine's Day into a commercial holiday for all to enjoy, according to n assistant professor of marketing at the University of Maine.

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A Virginia Tech researcher estimates that the Department of Defense spends close to $1 billion annually on service members experiencing personal financial management difficulties.

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Business owners of tomorrow are getting their first crack at entrepreneurship through college competitions. Purdue University's annual Burton D. Morgan Entrepreneurial Competition is one of several contests around the country that allow students to test the validity of original business plans and earn cash awards for their efforts.

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Texas now has one of the country's most advanced and professional environments for moving new graduates into the workplace with the grand opening of its new Corporate Interviewing Center February 5.

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Small religious non-profit organizations face serious challenges in raising and managing money for their programs, two studies by DePaul University professors have found. Roadblocks include philanthropy officers who misunderstand the organizations' eligibility for grants and a lack of financial management expertise among religious non-profit managers, according to the studies.

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If you're a small business battling a giant national retailer, having an affiliation with a trade-name franchise may not give a competitive advantage, a new study suggests. The small retailers that survive and prosper in such a competitive environment tend to be independent stores and focus on providing knowledge-intensive service to their customers, according to researchers.

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Small high-tech businesses and entrepreneurs are partnering with Purdue University and other schools across the country to leverage their skills and government seed money into business and educational opportunities and new high-tech jobs.

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The Asian financial crisis provides an opportunity to consider a new international currency system. The current model isnπt working. Countries in Asia which once thought to be financial powerhouses are now in need of huge financial assistance from the International Monetary Fund.

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A Cornell marketing professor says prestige and worldwide attention, not just sales, influence Super Bowl advertising decisions

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When a customer walks in the door of a hotel or restaurant, how employees act may send a louder message than their words. "As far as a customer is concerned, front-line employees in the service industry are the business," says Joseph La Lopa, assistant professor in the Purdue University Department of Restaurant, Hotel, Institutional and Tourism Management. La Lopa has developed a video and workbook for training front-line employees in tourist and hospitality businesses.

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A Virginia Tech researcher estimates that the Department of Defense (DOD) spends close to $1 billion annually on service members experiencing personal financial management difficulties. E. Thomas Garman calculates that the direct costs of assistance programs and indirect costs of lost productivity due to financial stresses costs the DOD between $677 and $957 million each year.

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New idea: Convert closed military bases into "renewal communities"-- tightly regulated small towns giving thousands of Americans on welfare a fresh start in life.

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The World Wide Web is revolutionizing the way corporations recruit from business schools, and Purdue's Krannert Graduate School of Management is ready. The Krannert graduate student placement office Web site offers recruiters on-line access to the resume and e-mail link of every graduate student currently enrolled.

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Institutions are no better at picking future high performing IPO stocks than the average investor, find Meeta Kothare, an assistant professor of finance at the University of Texas at Austin, and Gita Rao, vice president at Colonial Mutual Funds in Boston.

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The April 3-10 National Community Economic Development Institute is designed for people eager to make a valuable contribution in their community by helping it prosper economically. No formal business administration background is required to attend. It is a valuable resource for government and business employees, community-based organizations and volunteers who deal with community outreach.

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In the face of heavy competition from alternative format retailers such as Wal-Mart, traditional grocers seeking survival strategies may employ "efficient assortment" without negatively impacting customers' perceptions as they have long feared.

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A new study soon-to-be published in the Journal of Business Ethics finds that most major corporations that have formal "ethics" programs are only "going through the motions."

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A Purdue University marketing professor says the corporate emphasis on short-term profits is changing consumer purchasing behavior and cutting into long-term profits.

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A research paper that suggests there is no relationship between a stock's risk, as typically measured, and its expected rate of return earned the prestigious Smith-Breeden Prize for 1997.

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In a time of overwhelming corporate restructuring emphasizing team-based management and group problem solving, the William E. Simon Graduate School of Business Administration is being recognized for a unique program that integrates teamwork and critical leadership skills into its top-ranked academic curriculum. General Electric--through its Learning Excellence Fund, which supports programs that have a direct, measurable impact on learning--is awarding Simon a three-year, $219,645 grant for the School's Coach-Mentor Program and further study of team learning.

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A $2-million gift will help Michigan State University's Eli Broad College of Business and Graduate School of Management expand its emphasis on information technology.

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Washington University computer scientists have patented two major inventions that should make Internet applications like e-mail, the World Wide Web and electronic commerce 10 times faster than they are now.

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State lotteries are the proverbial "camel's nose" for legalized gambling. So say the results of a new study, "Roll the Dice: The Diffusion of Casinos in the American States," by two researchers at Saint Mary's College in South Bend, IN

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Northwestern School of Law of Lewis & Clark College has published the nation's first scholarly law journal to focus on closely held business enterprises.

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About 5,400 students across the country are getting a high-tech introduction to economic literacy during the next three years, thanks to a $443,000 grant to the University of Iowa College of Business Administration and a partnership of 45 colleges, and educational associations and advocates for minority education.

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Johns Hopkins Business of Medicine Tips and Briefs-- Listed are story ideas from the Johns Hopkins Medical Institutions.

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Jan. 1 is the perfect time to begin to plan for next year's taxes, says a Purdue University accounting professor. "It's too late to do anything about the 1997 return, so you might as well start planning ahead." says John "Jack" Hatcher, assistant professor of management in the Krannert Graduate School of Management. Hatcher teaches tax courses in the accounting program at Krannert and offers the following tax tips for early bird planners:

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World-wide financial crises--like the ongoing one Asia--will recur until the G-7 nations throw "sand in the gears" of globalized financial markets. So says Dr. David Felix, an economist at Washington University, in two papers he wrote well before the latest crisis.

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Standard, widely-used measures of mutual fund performance are inaccurate and unreliable, and can lead to faulty conclusions by investors, a new study shows. The study--conducted by Professors S. P. Kothari and Jerold B. Warner of the William E. Simon Graduate School of Business Administration and funded by the Association for Investment Management and Research--has important implications not only for fund managers who claim they can outperform the market, but also for ratings services such as Morningstar that track mutual fund performance.