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...Over the past two decades, France has made major efforts to modernize its economy and change the attitudes of its workforce in order to make the nation more market-friendly and competitive in the age of globalization. But the one place where these changes to France Inc. have failed to take root is the boardrooms of the biggest companies, which in many ways remain the same smoke-filled old-boys clubs they were 50 years...
More recently, the investor spotlight has been shining brightly on a new line of ETFs - ones that are actively managed. Firms ranging from Invesco to Pimco have launched about 12 of these funds over the past two years; others, such as T. Rowe Price Group and John Hancock Funds, are preparing to roll out similar funds, all in an effort to go head-on against actively managed mutual funds. "It's clearly a category that's attracting more interest among ETF providers and mutual-fund companies," says Standard & Poor's Tom Graves. "It combines the characteristics of a passive, index...
Ann’s visit also triggers a re-examination of earlier strife surrounding the sale of defective airplane parts to the government by the company run by her father and Joe during the war. Suddenly, the troubles of the past re-surface, unable to be denied any longer. Responsibility must be taken, and natural order restored...
...upset victory in the Massachusetts Senate race this week. The stakes are particularly high in Michigan, because whoever is elected governor will play a crucial role in redrawing legislative districts in the wake of the 2010 U.S. Census, which is expected to show significant population declines here during the past decade. (See the top 10 everything...
...Some property developers and economists have called China's housing market a bubble. Whether the government can gently deflate it is an open question. Beijing's past efforts to control housing prices have been unsuccessful, says Shanghai-based economist Andy Xie. One flaw is that local governments rely on land sales for about one-third of their revenue, which gives them an incentive to keep prices high. "Somehow, the market keeps going up," Xie says. "People think the government is not sincere about tightening. How would the biggest beneficiary let the price fall...