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Ted Forstmann, who died Sunday at 71, was a major private equity dealmaker in the leveraged buyout wave of the 1980s. Wharton’s Bulent Gultekin discusses how Forstmann and his peers “transformed American business.”
Work sharing — in which workers work less than a full schedule and apply for unemployment insurance to make up the difference — is becoming more popular as the job market remains stagnant.
Can Occupy Wall Street succeed beyond the park? Experts from the University of Pennsylvania and a spokesperson from the New York Occupy group discussed possible next steps for the movement.
Indian airline Kingfisher may be in danger of going under — but are its troubles reflective of growing instability in the Indian economy?
Given the financial and economic weakness in southern Europe, talk is growing of a split between the North and the South.
Warren Buffett has always shunned tech stocks — at least it seemed that he did until yesterday, when he announced that his company now owns $10.7 billion worth of IBM stock. What does Buffett see in the IBM’s future?
In the past year, a number of CEOs of global firms have made visits to India. The trend is only expected to continue as corporate leaders seek cultural immersion in preparation for taking advantage of India’s growing economy.
With all the debate over whether stores are opening too early on Black Friday (the day after Thanksgiving), why don’t retailers just forget the holiday and open for business as usual on Thursday?