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After meeting on Monday with healthcare industry professionals, President Obama met on Tuesday with business leaders to explore innovative ways to contain healthcare costs. The attendees included the CEOs of Johnson & Johnson, Safeway Stores and Pitney Bowes, and the director of benefits for Microsoft, among others...
...Companies are scrambling to contain these costs, and the business leaders in attendance Tuesday were each recognized for innovation in this area, with an emphasis on employee wellness and prevention. Microsoft, for example, has doctors make house calls as a way to cut down on emergency room visits. Johnson & Johnson reportedly saved around $15 million on its healthcare outlays in 2007 thanks to aggressive health initiatives, including putting treadmills in offices. (See Barack Obama on Health Care...
...Intel's fine is the largest ever by the Commission, dwarfing the previous record of $675 million (at current exchange rate) on Microsoft in 2004. However, the Microsoft fines grew to $1.16 billion last year because the software giant failed to comply with the original 2004 ruling. (See pictures of the dangers of printing money in Germany...
...lesson for Intel should be to avoid tangling with the Commission, says Michael Tscherny, a partner at the GPlus Europe consultancy in Brussels and a former Commission competition spokesman. "Like Microsoft, Intel went for a confrontational approach, and it lost," he says. "I understand Intel's court appeal, but I expect it to fail. Intel is not a philanthropic company - it only was offering discounts to win business. But even big companies like Intel have to play by the rules...
...remarkably dark vision of America's future, is right. This desperate image of the national economic life assumes that the innovative power of American business cannot build another huge sector the way that it did in the 1970s with the rise of the great technology companies like Microsoft (MSFT), Intel (INTC), and Cisco (CSCO), and twenty years later Google (GOOG) and the second reincarnation of Apple (AAPL), which was built on nothing more than the ingenuity behind the iPod and the Mac. (See pictures of the iPhone...