Financial Times

Sick of Stocks? Bored with Bonds? Invest in Bob Dylan

Hey Bob Dylan fans: Are you tired of investments that leave you "Tangled Up in Blue"? Well, get ready to stop singing those "Subterranean Homesick Blues": Soon you'll be able to invest in the tambourine man himself.

Olympic Chief Bites Tongue on McDonalds, Coke Sponsorships

Jacques Rogge, head of the International Olympic Committee has backed off his criticism of London 2012 sponsors Coke and McDonald's as promoting unhealthy behaviors and obesity. But with the fat sponsorship contracts at stake, did he really have any choice?

Why More People May Sell Their Gold for Cash

More people have been selling their gold jewelry in the past year, many to cover expenses, others to just to take advantage of record high prices. Prices have dipped a bit from their recent highs, but expect more people to sell in the months ahead, and expect the prices to rise again.

CEO Shuffle: Three Major Corporate Chiefs Step Down

Announcements made late Wednesday and early Thursday revealed that three large companies -- Wendy's, Costco, and Bank of New York Mellon -- are losing their CEOs. And while the first two cases sound like they'll result in smooth transitions, the third comes as something of a shock.

Investment Banks Exploit Volcker Rule Loophole

Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of securities, companies and properties, which are considered longer-term investments.

FT/Goldman Sachs Book Awards Celebrate Reading in a Digital Age

Fault Lines: How Hidden Fractures Still Threaten the World Economy, by Raghuram G. Rajan, took home the honors at the Financial Times/Goldman Sachs business book of the year award. Keynote speaker Vartan Gregorian delivered a rousing speech in which he called the print vs. digital debate a false choice.

Is Immigration Bad for the Economy? Many Say Yes

A new Financial Times/Harris poll finds that many people in the U.S. and Europe -- more than 30%, and in some cases more than 60% -- believe immigration -- not just illegal immigration -- has a negative impact on the economy, jobs and public services.

Penguin and Pearson See Profits More Than Double

Book publisher Penguin has had a very good year so far in 2010, according to its breakout numbers from parent company Pearson's most recent sales report. Sales at Penguin for the period ending June 30 rose 9%, while operating profit more than doubled compared to a year ago.

The Other Cleanup BP Must Work On -- Its Management

When voices such as The Financial Times and Warren Buffett call for an overhaul of top management, including Chairman Svanberg and CEO Hayward, it's time to listen. BP has little chance to regain investors' confidence until it does so.

Pearson Profits Rise on Weak British Pound

Pearson PLC announced a double-digit rise in sales for 2009: a feat in a terrible economy, but one tempered by the fact that this boost comes largely due to a weak British pound. This year, the publisher of the Financial Times, Penguin, and Pearson Education intends to rely again on building sales through that weak currency.

Vikram Pandit escapes the ax yet again

Citigroup Inc. (C) Chief Executive Vikram Pandit has had more close calls than James Bond, and like the super spy he has somehow managed to survive...