Business News

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A Purdue University retail expert says holiday shopping on the Internet may triple this year, but stores won't be any less crowded.

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Two recent victories in Illinois arising from a coalition of labor and religious activists point to an effective new strategy for union organizing, a University of Illinois labor expert asserts.

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DePaul University will hold its first-ever graduation outside of Chicago December 19 when it awards MBA diplomas to 18 employees of the International Bank of Asia in Hong Kong, the first class to graduate from DePaul's in-house MBA program offered at the bank. The program represents the growing trend of Western universities developing linkages with business and educational institutions in China to offer MBA education.

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Georgia State University took top honors at the 1998 Arthur Andersen Tax Challenge National Competition, held recently in St. Charles, Ill. Georgia State's team in the graduate division presented the best overall tax solution for a fictitious client, earning the university some $20,000 in scholarship money.

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Increased corporate value over the long term and an increasing rate of divestitures and spinoffs in the not-too-distant future are likely products of 1998's wave of mergers, according to two professors at Wake Forest University's Babcock Graduate School of Management.

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Low-risk home births are cheaper and safer than deliveries in hospitals and birthing centers, according to a recent study by Centre College professor David Anderson. He and certified nurse midwife Rondi Anderson have written an article that will appear in the Jan.-Feb. issue of the Journal of Nurse-Midwifery.

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Babson College in MA has announced three initiatives to reinforce the College's worldwide expertise in Entrepreneurial Leadership.

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Company contributions to worthy causes rose to $2.51 billion in 1997, up 3% from the previous year, the Conference Board reports in its upcoming study. This year's study, which covers 211 large and mid-sized U.S. firms, marks the first time since 1994 that the rate of growth in contributions exceeded the growth rate in pre-tax income.

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Europe could overtake the United States as the world's economic growth leader next year, according to a report released today by The Conference Board.

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University of Michigan study shows that the total energy used during the life of a typical home in the U.S. heartland could be reduced by 65 percent while also reducing the home's long-term cost by approximately $52,000

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The Boston College Graduate School of Management and the Robert Schuman University of Strasbourg, France, have begun offering an international dual degree.

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The head of Boston College's Center for Retirement Research, one of the nation's leading experts on retirement issues, is available for media interviews in advance of the White House Conference on Social Security, which will be held December 8 - 9.

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Boston College's Graduate School of Management has launched "Kid's Capital Management," a first-of-its-kind academic enrichment program in which MBA students help disadvantaged middle school children learn about the stock market and money management.

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1) Christmast shopping online, 2) hot toy supply problem, 3) companies giving to non-profits

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Major League Baseball teams in pursuit of Randy Johnson, Bernie Williams, Kevin Brown and other marquee free agents should avoid paying these stars significantly more than other players, according to a new study by a Notre Dame researcher.

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Consumers and stockholders stand to be on the winning end of the on-line business phenomenon, says a Purdue University marketing and e-commerce expert. "The efficiency of e-business is starting to bring down the cost of manufacturing goods and marketing services of all kinds," he says.

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A warning to New York farmers about the economic consequences to their livelihoods from what he claims are impending climate shifts will be issued by a Cornell University professor speaking to a group of policy-makers and concerned citizens in Albany, N.Y., on Friday.

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Just in time for holiday shopping, a new study by the University of Arkansas department of psychology shows that the amount of thought consumers put into a purchase can determine whether sales gimmicks sway their decision to buy.

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A study conducted by the Center for Urban Real Estate at the University of Illinois at Chicago shows a downtown real estate marketplace with a growing problem: premier office space is shrinking in one of the nation's tightest real estate markets.

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Our nation's poorest communities are poised for growth, but planting seeds to cultivate successful businesses in these areas is difficult without access to capital and management expertise.

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Despite global financial uncertainty, top executive compensation topped $1 million in five major industries in 1997, The Conference Board reports today in its annual executive compensation report.

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Sandia Labs and Compaq Computers together sorted information three times faster than previous record-- important to $15 billion data warehousing industry; better able to detect threats to on-line banking, communications; medical fraud.

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While economic weakness in Asia and Latin America are chipping away at U.S. export growth, burgeoning markets in other areas are cushioning the blow, The Conference Board reports today in its latest Regional Economies and Markets report.

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Breaking research from Virginia Tech sheds an alarming light on the impact of financial stresses on worker productivity--and the big bucks employers are losing each year due to the lack of investing in personal finance education for their employees.

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A new study of the nonprofit sector worldwide, conducted by Johns Hopkins University, finds it is huge and growing, the equivalent of the eighth largest economy in the world. Other surprising findings: The U.S. is not the world leader in nonprofit activity, ranking behind countries such as the Netherlands, Ireland and Israel.

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Research found strong evidence that workplace financial education is extremely effective because it results in better financial wellness for workers.

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The stress of personal money problems and the failure to save for retirement is taking its toll on American workers. Research shows that one-half of all workers have money problems and providing personal financial education could save billions of dollars. These findings and others will be the focus of the third national Personal Finance Employee Education (PFEE) conference which will be held in Roanoke, Va., on Nov.10 -11 at the Hotel Roanoke.

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New and improved food science graduates won't be the only product coming out of the new food science complex at Purdue University. The new $28 million facility, dedicated this fall, offers opportunities for food and fiber companies that wont to augment internal research and development efforts with expanded sponsored research projects.

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In the wake of international pressure, the World Bank declared itself a leading force for "environmentally sustainable development." But has the World Bank really changed the way it does business? A new book looks at the bank's performance in the wake of its own reform efforts.

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Stanford Business School finance professors have developed a model that would help assess the need for disclosure regulations for financial information firms. While their work reveals that there are good reasons for regulation, they find that the regulation must be finetuned to work effectively.

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The rapid globalization of securities markets has forced regulators around the world to take a hard look at their accounting standards, which vary significantly from country to country, according to a professor of accounting at Stanford Business School.

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Contrary to popular perception and government statistics on corporate bankruptcies, more large public companies are filing for bankruptcy this year than in any year in history, except the "boom" years of 1990 to 1993. Data culled from a Cornell Law School professor's Bankruptcy Research Database also show that large public companies are filing for bankruptcy this year at a rate 57 percent higher than in 1997.

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The only sure thing about the future of electricity in Illinois is propulsive change, according to a UI study.

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Many U.S. companies face possible legal troubles and disruption of their business overseas because of a tough new European privacy law, according to a new book co-authored by an Ohio State University law professor.

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Leaders at various nonprofit agencies in three North Carolina areas will be eligible for free MBA education, thanks to scholarship agreements between Wake Forest's MBA school and three United Ways. Wake Forest's Babcock Graduate School of Management hopes to turn the concept into a national initiative.

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Intelligent manufacturing requires more than just intelligent machinery. That's the message from the fall meeting of industry partners who help steer the 10-year-old Center for the Management of Manufacturing Enterprises at Purdue University.

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The Babson School of Executive Education in Wellesley, Mass., drawing on its expertise in entrepreneurial curriculu, will premier The Babson Program on Corporate entrepreneurship . The open-enrollment program is designed to teach senior managers principles of entrepreneurship for use within their existing businesses to help spur revenue growth and identify7 new business oportunities.

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Babson College in Wellesley, Mass., announces the dedication of The Arthur M. Blank Center for Entrepreneurship, a new facility designed for the support and advancement of entrepreneurship, on Saturday, October 24, 1998 at 4:00 p.m.

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In the upcoming special issue on "The Unknown Internet" of Technology Review the lead story takes the first critical look at the World Wide Web Consortium, or theW3C and its founder, Tim Berners-Lee. TR reports on "little-known" or "little-understood" aspects of how the Internet works, and how it's run and what effect it has on individual lives.

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Boston College has been selected by the Social Security Administration as one of two universities in the nation to establish a research center to help set the agenda for reform of the nation's retirement system. Boston College will receive a five-year, $5.25 million grant from the Social Security Administration to establish a retirement policy research center based at BC's Carroll School of Management.

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One of the first studies of its kind shows bank deregulation, as predicted, decreased small-business loans from large interstate banks. However, small banks are filling the gap, increasing small-business loans by almost 40 percent. Big banks may follow, the authors say. The bottom line: there appears to be a plentiful supply of loans for small businesses.

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Recent laws that can invoke penalties on nonprofit organizations for spending too much on executive salaries may actually impede an organization's ability to perform its mission, according to new study.

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Chief executives' confidence in the nation's economy plummeted to its lowest reading in more than seven years in the third quarter of 1998, The Conference Board reports today.

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There's an old rule: Where business goes, the law is sure to follow. The law should start catching up with the travel industry. The global travel industry is the fastest growing industry in the world but it is a neglected legal specialty in the US.

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Choosing the right MBA program can be a lot like looking for a soul mate: there are a lot of attractive candidates, but it's critical for individuals to find the right match, says a University of Illinois at Chicago business school official.

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Ohio State's Fisher College of Business dedicated the first two buildings Oct. 20 and 21 in what will be a new six-building, $120 million complex. The new complex will help the Fisher College become one of the few fully integrated business campuses in the country.

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The scariest part of Halloween is finding Christmas decorations on department store shelves, says a Ball State University retail analyst.

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Contrary to media reports and the perceptions of some medical students and even a few medical school advisors, practice opportunities for anesthesiologists are excellent, Norig Ellison, M.D., past president of the American Society of Anesthesiologists said at the society's annual meeting.

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Nuclear energy's value in meeting climate change goals is increasingly being recognized due to the convergence of key energy and environmental imperatives.

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Experts from industry, government, environmental groups and the research community will meet in McLean, Va., in December for a four-day international conference on air quality.