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  (BusinessWeek)
Last updated: 07:34:09 Friday Sep 25, 2009


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    For Joan, a former Lehman Brothers employee, it's safe to say that the past 12 months were The Year from Hell.   Nations:U.S.   Activities:2008 U.S. Recession Global Financial Crisis Madoff Fraud Case   Source:(BusinessWeek)   2009-09-25

    Wealth Summits Keep Financial Plans in Line
    Coordinated meetings with attorneys, accountants, and financial advisers are common among ultrarich families. These so-called wealth summits enable a team of trusted advisers to share information and brainstorm with their clients on a wide range of legal and financial issues.   Nations:U.S.   Source:(BusinessWeek)   2009-09-25

    Lending to Small Business: Banks Are Still Shy
    For months, Matthew Barnes, owner of Cider Press Tile in Portland, Me., had been seeking a $50,000 loan to help fund his day-to-day operations. His $100,000 high-end custom tile business had successfully survived the last recession, but this time, customers had drastically cut back spending on luxury items such as his $30 four-inch-square tiles. In March, Barnes threw in the towel and completed the sale of his one-person company to a competitor. Of the banks who refused him a loan, he says, "Unless it was a slam dunk and you collateralized your house and spent all your own money first, they did not want to talk to you."   Source:(BusinessWeek)   2009-08-17

    For MBA Job Seekers, the Family Matters
    When Dan Pulver started business school, he thought his job leads would come through career fairs, campus recruiting, or maybe alumni networking events. One place he didn't think would yield employment -- the family reunion.   Nations:U.S.   Source:(BusinessWeek)   2009-08-17

    GRE v. GMAT: Battle of the B-School Gatekeepers
    The battle between two of the largest graduate school testing giants has been heating up recently as more business schools warm to the idea of providing students with an alternative to the Graduate Management Admissions Test (GMAT). Now another top-ranked business school is weighing in. The University of Pennsylvania's Wharton School(Wharton Full-Time MBA Profile) plans to allow MBA applicants to submit the Graduate Record Exam (GRE), for admission in the fall of 2010, says Admissions Director J.J. Cutler. It's part of a move by the school to attract a broader applicant pool, including dual-degree students, younger applicants, and international applicants from far-flung countries without GMAT access.   Source:(BusinessWeek)   2009-08-17

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