U.S. miner Peabody Energy Corp. and a Japanese-Korean-Russian-led consortium comprising Posco , Kepco., LG Corp. and Daewoo International Corp. , as well as Russian Railways and Japanese trading houses Itochu Corp. , Sumitomo Corp. , Marumeni Corp. and Sojitz Corp. , have been picked as preliminary winners to jointly develop the Tavan Tolgoi coal deposit, [...]

By: Kevin Sinclair We all make mistakes in business. The important issue is that we learn from them and apply the lessons in both our online and off-line business activities. One of my most costly mistakes happened about twelve years ago in the off-line business world. However, the lessons I learnt are just as applicable [...]

Indiana Michigan Power is asking for a 9.7 percent rate increase for its Michigan customers to cover the cost of maintenance and new emissions controls as part of proposed federal environmental regulations. The company, which serves more than 128 thousand customers in southern Michigan, filed the proposal today with the Michigan Public Service Commission. If approved, [...]

Forget influencers. If you want to make money, target the “pollinators.” That’s the new term for the 20 percent of the Internet population that has disproportionate buying power and is loyal to the niche websites that focus on their passions.Pollinators are the focus of new research called “Beyond Influence: Where to Find and Engage the [...]

Pop singer Justin Timberlake is teaming up with an online advertising company to buy the social networking site MySpace. Six years ago, Rupert Murdoch’s News Corp. bought the social networking site for a hefty $580 million.