Business News

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The University of Iowa Research Foundation has granted IDEC Pharmaceuticals Corporation exclusive, worldwide license to use a UI discovery that may help to treat prostate cancer.

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Ken Nations, a Georgia MBA student, successfully pitched his business plan for a biotechnology company within the confines of an elevator and finished first in the inaugural Babcock/Eno River Capital Elevator Competition.

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Massachusetts Commission on Older Workers to present findings to governor: today's tight labor markets only a preview of problems to come.

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ScienceWise.com, the B2B Workplace on the Web for science and engineering, today announced the launch of its website, www.ScienceWise.com.

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PTEKVentures, the investment unit of PTEK Holdings, Inc. (NASDAQ: PTEK, www.ptek.com), today announced that it has led a $7 million investment round in ScienceWise.com, the B2B workplace on the Web for science and engineering.

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A Swarthmore economist has good and bad news on the new economy: the bad news is that sooner or later the economy will experience a recession; the good news is that the recovery will be less painful than that of past recessions.

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Members of the Purdue Students Against Sweatshops have agreed to end their hunger strike, and the university has agreed to undertake provisional membership in one or more sweatshop monitoring groups by Sept. 30, provided the organizations meet certain criteria.

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Many of the country's crops would not exist without the honey bee at bloom time.

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Market costs are likely to make vehicles that are powered by fuels other than gasoline too expensive for most consumers for the next decade, according to a model developed by a University of Maine resource economist and a researcher at the Oak Ridge National Laboratory.

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Now is the time for farmers to begin thinking about how they'll file their 2000 tax returns, say two Purdue University agricultural economics professors.

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WITI Corp., a provider of wireless custom weather forecasts, has been acquired by LifeMinders.com; the acquisition makes WITI's personalized forecasts available to LifeMinders 12.5 million members.

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"Converging Divergences: Worldwide Changes in Employment Systems," a new book by a world-renowned Cornell labor economist and an Oxford scholar, documents the costly and sometimes dangerous problems that can ensue when employment practices change, and suggests ways to improve.

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Go to college in Illinois. Collect $590,000. That's how much more a bachelor's degree at an Illinois college or university provides the average student over a lifetime compared with the earnings of a high school graduate, according to a University of Illinois study.

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Statin drugs are cholesterol reducing therapies that have won the widespread approval of managed care organizations, physicians and patients. The benefits of statin drugs have magnified the competition in the U.S. Hypolipidemic Prescription Market, where manufacturers strive to detail the benefits of one product over another.

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Voice mail was created to enhance business communications but often is used as an answering machine, says a recent Ball State University survey.

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Senators need to protect the integrity of the Highway Trust Fund and oppose budget gimmickry.

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The nation's first JD/MS program in e-commerce was announced by Creighton University; its purpose is to meet the demand and challenges of the growing field of electronic commerce.

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e-Business Strategies in Net Time, a two-day electronic business symposium, will connect top-flight researchers with CEOs and CTOs from established and emerging companies to address today's rapidly changing business landscape.

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The third-party insurance payment system, which consumes about 22 percent of a pharmacist's time, needs to be modified and simplified in order to lessen the national pharmacist shortage, says a Purdue pharmaceutical official.

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In the Babcock/Eno River Capital Elevator Competition, a two-minute elevator ride with a venture capitalist could mean the break of a lifetime for MBA students with the right business plan.

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Investing in an ascendant Africa will be the topic of discussion when hundreds of scholars, businesspeople, and government officials from across the globe converge on Atlantic City for the International Academy of African Business and Development conference.

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Accounting and financial reporting standards are simply not keeping pace with today's rapidly changing business environment, or with the dramatic shift in the way financial information is communicated, according to an Anderson School professor emeritus.

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Orientation programs for new employees may have a reputation for being boring and unhelpful, but an Ohio State study suggests the right program can actually help build commitment to the company among workers who attend (Personnel Psychology).

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Associated General Contractors of America's online courses allow AIC Associate Constructors and Certified Professional Constructors to obtain required continuing professional development credits via an Internet connection.

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Associated General Contractors of America delivered testimony to the House Transportation and Infrastructure Committee stating that repeal of the motor fuel tax is nothing more than a political gimmick.

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Small businesses need to be prepared to face the "challenge of change" as they enter the 21st century, according to a study headed by a Vanderbilt University professor.

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U.S. Supreme Court Justice Antonin Scalia and all five commissioners of the FCC will analyze constitutional issues raised by fast-growing communication industries like the Internet and cable TV.

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Consumers are confused and disillusioned with the overwhelming number of sales at retail stores, says a Ball State University marketing professor.

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Lower costs and more convenience are key reasons why scientists in the biomedical and biotechnology fields use the Internet to purchase scientific equipment and supplies needed for their research, according to a ScienceWise.com survey.

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deCODE Genetics, the company licensed to create a nationwide healthcare database in Iceland, recently filed for an IPO with the SEC earlier this week, making the genes of the people of Iceland a publicly traded commodity.

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Bucknell engineering students are developing tests to help a fledgling York snowboard manufacturer produce better boards, including ones that may go faster and ones for certain groups of riders such as women.

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A system that helps entrepreneurs turn an idea into a marketable product has won Bucknell's Small Business Development Center a Pennsylvania SBDC award.

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A 15 to 20 percent drop in the stock market probably wouldn't be enough to trigger a U.S. recession, according to an Ohio State University professor of economics who is a former Federal Reserve Bank official.

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Leading pharmaceutical companies have set aggressive goals to meet shareholder expectations by planning to quadruple the number of new medicines launched annually, according to new Andersen Consulting research.

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The American economy will expand at the same rate this year as it did last year, but growth will slow in 2001 as the Federal Reserve continues to boost interest rates amid rising inflation, say University of Michigan economists.

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Being a good supervisor is important, but keep your own boss, and his boss, happy if you want to climb the career ladder, says dean of the University of Alabama at Birmingham School of Business.

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Congress has passed several tax exceptions that encourage people to raid their IRAs for immediate expenses, which jeopardizes the very savings the IRA was meant to promote, according to a University of Illinois tax expert (Elder Law Journal).

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Stanford Business School research examines whether it is cheaper for interest groups to pour money into the campaigns of their favorite candidates or whether it would be more expedient simply to buy out incumbent politicians they do not like.

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People have had the idea that the more a firm produces, the more its production costs decrease, but there is evidence that production experience can sometimes depreciate, according to Stanford Business School research.

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In a comprehensive book about online marketing, a Stanford Business School faculty member lays out the strengths and weaknesses of Internet technology and how it can cause a company to rethink its entire marketing organization.

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Diversity among employees can generate better performance when it comes to out-of-the-ordinary creative tasks, according to Stanford Business School research.

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Three new endowed chairs have been created at the Stanford Business School; in addition, three faculty members have been named to existing endowed chairs.

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As failure rates for startup businesses exceed 50 percent, and for high-technology businesses, the rate may be as high as 90 percent, University of Arkansas faculty members hope to change that by teaching students how to succeed in technology startup companies.

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A Boston University School of Management study has found that although women start up 40 percent of the businesses in the U.S., they only receive four percent of venture capital financing.

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ScienceWise.com, the B2B Workplace on the Web for science and engineering professionals, now provides a free alert service to deliver small business research funding opportunities from all participating federal agencies to users via e-mail.

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Vietnam has a booming private sector but little commercial code; a Stanford Business School economist found that agreements in Vietnam rest on a mix of formal and informal sanctions.

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Many of the women who have joined the American workforce since the 1970s have the computer revolution to thank, according to an Ohio State study (Industrial and Labor Relations Review).

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That price supported IPOs are usually larger, have lower underwriter commissions, offer higher prices than unsupported stocks, and are not likely to be underwritten by lesser-known investment banks is shown by Stanford Business School research.

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Innovative methods for visualizing the wealth of data associated with the power system network, with an emphasis on the use of interactive animation techniques, is being developed by University of Illinois researchers.

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In his most recent and exhaustive study, a Stanford Business School social scientist adds to the debate about how technological change affects employment and finds that technology has exacerbated wage inequality.