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Global Business

U.S. Companies Aid Philippine Typhoon Victims

From Citibank to the Miami Heat, companies are mobilizing their expertise and capabilities as a response to Typhoon Haiyan. Corporate pledges have so far been announced that exceed $30.1 million. The need is acute: thousands have died and some 660,000 have been forced from their homes. According to the Philippine government, more than 2 million people, including 300,000 pregnant woman and new mothers, need food aid. Here is where to report any aid your company is providing, and a summary of what U.S. companies have committed to doing thus far.

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More CEOs Get Impatient with the Government Shutdown

Starbucks CEO Howard Schultz is asking his fellow chief executives to push for an end to the gridlock in Washington, saying there needs to be a return of civility over partisanship. Alcoa CEO Klaus Kleinfeld compares the threat that the US might refuse to raise the debt ceiling to a “giant Taser” that will freeze confidence in the world economy, not just the U.S.

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What You Are Not Hearing About Detroit’s Bankruptcy

Detroit ‘s bankruptcy is a warning that no city is too big to fail. Cities that fail have knock-on effects that impact business. Detroit is about $18 billion in debt, and will only be able to pay out a fraction of what it owes. Some media reports hint that it’s problems may lead to some form of federal bailout. But is this really likely? What are the likely impacts on business in the region?

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Going Global: Risks and Protections for SME CEOs to Consider

Despite the world economic recession, small- and mid-sized companies are “going global” at an earlier stage in their development than ever before. Expanding overseas involves the careful consideration of risk and cost. What are those potential hazards? And what can be done about them? There are several issues that CEOs should consider when doing business internationally. Several critical ones are outlined here.

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Competing in the Global Ideas Economy

Both the time and place of 2013’s CEO Leadership Summit could not have been more fitting. In December, in the wake of the devastation of Hurricane Sandy and with the fiscal cliff still looming ahead, more than 100 business leaders from across the country gathered at the NYSE Euronext—an icon of free enterprise that later turned out to have been in the midst of a merger—to share ideas on navigating the challenges of the stormy global economy.

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Efficient Talent-Sourcing for Global Growth

For the mid-market company that is expanding internationally -- whether for the first time or into uncharted territory – identifying the right talent can be a challenge. In a 2012 Ernst & Young study of C-level and other executives in rapid-growth markets, 30 percent of respondents reported the need for a strategic hiring process in international markets. Intensifying the problem, according to the same study, is a self-reported knowledge gap in local culture and ways of doing business by more than half of the participants.

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