Nokia shares dropped sharply by some 14% on news of its less than stellar earnings projection. The former Finnish papermaker has been leading the global handset market for quite some time. Now, it is ceding the lead in the premium smart phone market to the likes of Apple, Blackberry and Samsung. Nokia has lowered the [...]

Goldman Sachs, arguably the most powerful investment bank in the world, adopted a strategy of profiting from all sides during the real estate bubble and made a tremendous profit. The firm saw nothing wrong in  rewarding its traders with millions in bonuses  even as Main Street America is mired in foreclosures and unemployment. Now the [...]

Forever 21, a family business started by a hardworking Korean couple in Los Angeles, exemplifies how to bring the brand into the 21st century with the help of the next generation. Watch out, Zara, Mango, H&M, and Uniqlo, Forever 21 is coming at you with bigger stores and ever more styles and varieties. http://www.latimes.com/features/image/la-ig-forever21-20100404,0,5884367.story?page=1