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Business news and Fortune 500 - FORTUNE Magazine
  • Big tech getting weaker
    Not all precincts have reported yet, but the early results show that tech is losing in a global landslide.

  • Two Fed myths that need debunking
    There are two things you may have heard about the Federal Reserve Board, both of which are wrong.

  • Gatekeeper of the MP3 blogosphere
    Anthony Volodkin couldn't raise any money three years ago when he launched the Hype Machine, a digital music startup.

  • Big banks' dividend gamble
    The predicted demise of bank dividends has been greatly exaggerated.

  • Offshore oil: What's really out there?
    President Bush intensified pressure on Congressional Democrats this weekend to end a 26-year-old offshore drilling moratorium, saying lawmakers have closed off "vast" oil reserves that could be tapped to lower record gasoline prices.

  • American Express feels consumers' pain
    The U.S. consumer is feeling pinched - and to listen to American Express, the pain is only going to get worse.

  • Why Genentech will say 'yes' to Roche
    As Genentech's board weighs Monday's $43.7 billion merger proposal from Roche, the South San Francisco biotech has one overarching reason to fall deeper into the arms of the Swiss drug maker that already owns most of its stock: Genentech's "biological clock" is ticking.

  • Kleiner bets the farm
    In the past decade Kleiner Perkins Caufield & Byers has doled out $10 billion to its major investors, all of which are university endowments, philanthropic foundations, or public pension funds. Silicon Valley's top venture capital firms never divulge their actual performance. Yet this tidbit comes directly from John Doerr, Kleiner's preeminent partner, who is so intent on ensuring that I'm correctly processing the significance of that figure that he helps me with the math. "That's $1 billion a year on average," he says. "Those are great gains. That's not a couple university chairs, and it's not a building or two. That's whole quadrants of a campus."

  • Google ad slump spreads abroad
    In the clearest sign yet that online ad sales growth cannot outrun a global economic slowdown, Google reported the first-ever sequential quarterly revenue decline in its U.K. business. The dip, as reported in the company's second-quarter earnings Thursday, cut into Google's overall international growth, bringing it down to 52% from 55% in the first quarter.

  • How eMusic hopes to keep Its groove
    When eMusic launched 10 years ago, the online music subscription service faced some long odds. It refused to protect songs from illegal copying, which ruled out major label acts like Britney Spears.