Apple Inc.’s stunning new Campus 2 in Cupertino, California, will be one of Steve Jobs’ lasting legacies when completed in 2015. For better or worse, he was thinking differently to the end, striving for geographic self- sufficiency even as many other high-technology enterprises across the country were starting to return to city life. Will this approach, and the complex that embodies it, renew Apple’s culture of excellence or retard it?
Companies that build private toll roads are pressing states to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
Activist funds, which buy stakes in companies in order to force changes in their operations, are one of the hottest trends in finance. Over the past year, the money flowing into them has surged so much that their assets under management are up more than 50 percent, while those of hedge funds as a whole have risen less than 15 percent.
One day I hope some young turk's lawsuit complaining about an unpaid internship makes it all the way to the U.S. Supreme Court, because there it would put a spotlight on a great irony: The Supreme Court has unpaid interns, too.
JPMorgan Chase & Co.’s record $13 billion deal to end mortgage bond probes has terms that undermine U.S. efforts to reduce taxpayer support of the market, according to BlackRock Inc., the world’s biggest money manager.