
Top News
Social-media companies, take note: LinkedIn Corp.'s swift rise on its first day of trading Thursday proves that U.S. investors are hungry for similar stories. The professional-networking site's shares opened at $83 on the New York Stock Exchange, up 84% from its initial public offering price of $45. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052748704816604576333132239509622.html to view the full article online.
Career
Now evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed. Even for college graduates – the people who were most protected from the slings and arrows of recession – the outlook is rather bleak. (New York Times)
Visit http://www.nytimes.com/2011/05/19/business/economy/19grads.htm to view the full article online.
International
Japan's economy shrank in the first quarter, veering back into recession as factory production and consumer spending wilted in the aftermath of the March 11 earthquake and tsunami. Real gross domestic product – a measure of the value of all goods and services produced domestically – contracted at an annualized rate of 3.7 percent in the January-March period, the Cabinet Office said Thursday. (NPR)
Visit http://www.npr.org/2011/05/19/136457429/japan-falls-back-into-recession-after-disasters to view the full article online.
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, allegedly sexually assaulted a maid in a $3,000-a-night Midtown Manhattan hotel suite this weekend. Then, police arrested him in the first-class cabin of a Paris-bound flight. How can a socialist public servant afford such a luxurious life? (Slate)
Visit http://www.slate.com/id/2294227/ to view the full article online.
Education
Every year, admissions officials from top MBA programs across the country gather in a St. Louis hotel to dole out millions in funds from the single largest MBA scholarship fund in the world, the Consortium for Graduate Management. (CNN/Money)
Visit http://management.fortune.cnn.com/2011/04/22/the-20-million-mba-draft/ to view the full article online.
NBMBAA
Registration is now open for the NBMBAA 33rd Annual Conference and Exposition, October 4-8 in Atlanta, Ga. Register now and take advantage of early bird discounts. Join NBMBAA and save even more as a member!
Visit http://www.nbmbaaconference2011.org/ to view the full article online.
Technology
Most of the interesting news at the Android keynote didn't involve short-term stuff – it was about a plan for Android that's in some ways even more wildly ambitious than Apple's own wildly ambitious plans for iOS. Google announced that it intends to help hardware makers develop add-ons that will work with any Android device, including game controllers, keyboards and even surprises like the exercise bike it demoed onstage. (Time)
Visit http://www.time.com/time/business/article/0,8599,2070995,00.html to view the full article online.
The Economy
The near-collapse of the world’s banking system two-and-a-half years ago has prompted a fundamental reassessment of the industry. Perhaps the biggest casualty of the crisis has been the idea that financial markets are inherently self-correcting and best left to their own devices. (The Economist)
Visit http://www.economist.com/node/18654622 to view the full article online.
"They want to celebrate, they want bonuses, they want presents, it's Friday afternoon they want pizza parties and things like that. So there's this constant sense of number one. Everything should always be a celebration, but nobody should ever really be penalized if things go badly." (CNN/Money)
Visit http://money.cnn.com/2011/05/18/news/economy/millennial_generation_workers/index.htm to view the full article online.
Personal Finance
If you think paying $4 for a gallon of gas is ridiculous and long for the days when gas cost a quarter, consider this: 93 years ago you could pay just 25 cents and drive away in your Oldsmobile or Studebaker with a gallon of gas. However, adjusted for inflation Americans were paying the equivalent of $3.70 in 2011 dollars, and their income levels were hardly on par with today's average salaries. (U.S. News and World Report)
Visit http://www.usnews.com/news/articles/2011/05/17/putting-4-gas-in-perspective to view the full article online.
Leadership
Although most executives acknowledge the need to explore new businesses and markets, they almost always bow to the more-pressing claims of the core business, especially when times are hard. (Harvard Business Review)
Visit http://hbr.org/2011/06/the-ambidextrous-ceo/ar/1 to view the full article online.
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