Archive for May 10th, 2008

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Beaumere has an enviable spot on the water in Larchmont Harbor (in Larchmont, NY, thanks,designer38305495) with water on three sides. The home sits on over four acres and has 6,720 square feet of space with an additional 2,261 square-foot two-bedroom guest apartment. The property includes an in ground swimming pool with 2 cabanas each equipped with dressing room and new bath with adjoining kitchenette and bar, a carriage home with a huge garage, a grass tennis court and a gazebo that overlooks the long private dock. The home was listed at $25 million in mid 2007, had gone down to $22 million by the time Elite Choice covered it in December and now is listed at $18 million.

[Thanks, Steven!]

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HK market to grant depository receipts for the first time - BusinessWeek
Hong Kong’s stock exchange said Friday it will grant foreign companies to list shares through depository receipts for the first time, hoping to draw more business from abroad. The exchange stated in a statement the July launch of Hong Kong depository

MTBE settlement could grow - Houston Chronicle
NEW YORK — Major oil companies’ multimillion-dollar payment to 153 public water systems to cleanse wells of a potentially carcinogenic gasoline additive could grow if more tainted wells are discovered over the next 30 years. Companies including

Dutch want banks help to fight illegal web casinos - Reuters
AMSTERDAM, Might 10 (Reuters) - Dutch authorities intend to crack down on illegal on the internet casinos and are calling on banks to cease providing financial services to them, a Justice Ministry spokeswoman stated on Saturday. “It is illegal to offer gambling

Bankruptcies now come pre-packaged - Reuters
NEW YORK (Reuters) - The days when troubled companies could spend years fixing their problems in bankruptcy court are fast evaporating. As companies face the tightest credit market in decades, ready-made, pre-packaged and pre-arranged bankruptcies

In Pictures: 10 Cheap Energy Stocks - Forbes
Those stocks with the most favorable positions, given the worldwide energy shortage, are the independent exploration and production companies. They’ve proven reserves available for sale, and are not running to keep up with extraction schedules that

ConocoPhillips, other oil companies settle MTBE cases - Houston Business Journal
Chevron, other oil companies settle MTBE cases [East Bay] Energy Biosciences Institute makes first 49 biofuel grants [San Francisco] Parker wins Alaska rig contract [Houston] UC-Davis moves M.B.A. program to San Ramon’s Bishop Ranch [East Bay] EBMUD

Hong Kong stock index adds 2 Chinese companies - Boston Globe
HONG KONG— Hong Kong’s blue chip Hang Seng Index has added two Chinese companies and removed two local ones, reflecting growing interest in mainland businesses. Hang Seng Indexes Co. stated late Friday it will remove billionaire Li Ka-shing’s Cheung

Drug makers defend ad tactics to Congress - Detroit News
WASHINGTON — Some of the nation’s largest pharmaceutical companies defended their Television advertisements Thursday from Democrats calling for tougher restrictions on what they call misleading marketing. Executives from Pfizer Inc., Johnson & Johnson and a

Fake marriage scheme smashed - Herald Tribune
ORLANDO — More than 80 people were arrested in a federal sweep of four companies that allegedly arranged fraudulent marriages to earn immigrants citizenship, even organizing wedding photos with bridal gowns and elaborate but fake wedding cakes

Democratic senator calls for GOP to modify energy policy - Forbes
The public must pressure Republicans in the White Home and Congress to change directions in the country’s energy policies, which have pushed oil and gas prices to record highs, a Democratic lawmaker stated Saturday. Sen. Debbie Stabenow stated the

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There are two schools of thought on this one:

1. It’s a recession. No one is buying. So in order to get new customers and keep my current customers happy, you lower your prices.

2. We are also seeing inflation. Increased gasoline prices have affected your business significantly. So you’ve every right to pass along these increases to your customers.

I vote for #2. People anticipate you to raise prices. I’ll bet you haven’t done it in a while. People won’t holler as much now; they comprehend about gasoline prices and their affect on small businesses. You won’t lose any customers, and if people see the value in your product or service, they’ll keep buying.

Let us know what you think. Vote on the current poll.

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