The myth of the paperless office
So much for the paperless office. The average American consumes the paper equivalent of five and a half 40-foot trees every year. Belgium, where the EU bureaucracy translates reams of documents into 23 languages, consumes a world-beating 8.5 trees per person annually.
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Goldman Sachs unloads Backpage.com
Goldman Sachs said this week that it sold its 16 percent stake in the media group that owns Backpage.com, after New York Times columnist Nicholas Kristof wrote that the site ran ads for sex with underage girls.
Reuters.com
Mr. Quaker Oats gets a facelift
The Quaker Oats man has gotten a makeover as part of owner PepsiCo’s efforts to reinvigorate the brand. The new look for “Larry” involves a haircut and the removal of his double chin, plus a new logo shape and color scheme. “We took about five pounds off him,” says a member of the brand’s redesign team, but left “a little sparkle in his eye.”
The Wall Street Journal
PetroChina overtakes ExxonMobil
ExxonMobil, long the world’s biggest publicly traded oil producer, has been overtaken by PetroChina, which hiked its output to 2.4 million barrels a day last year. Exxon’s output fell to 2.3 million barrels a day.
Associated Press
Uproar over pink slime leads to bankruptcy
AFA Foods, a Pennsylvania-based ground-beef processing company, filed for bankruptcy this week, saying that the uproar over the use of the meat filler dubbed “pink slime” had cut demand for its products. A competitor, Beef Products Inc., announced last week that it would temporarily suspend production at three of its plants because of consumer concerns.
Bloomberg.com
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie