President George W. Bush on Wednesday signed legislation extending the federal backstop for terrorism insurance through 2014. Property Casualty Insurers Association Senior Vice President Joseph Annotti noted that the seven-year extension will bring stability to the market for terrorism insurance.
Retailers are working out ways to take advantage of a new marketing medium during this year's holiday season: wireless devices. Nordstrom and Wal-Mart offer text messages that provide information on discounts and sales, Best Buy gives gift ideas on its mobile Web site, and J.C. Penney will provide wake-up calls on Black Friday.
The rise of user-generated content networks such as YouTube and interactive social networks like Facebook and MySpace has marketers scrambling to figure out how best to incorporate the technology into their advertising plans. According to marketing mavens Andrew Keen and Michael Laskoff, advertisers shouldn't rush into Web 2.0 unprepared.
Executive pastry chef John Gilbert of the Seminole Hard Rock Resort decided to become a pastry chef after he left the Air Force. Gilbert said he fell in love with the smells and textures of pastries and thought it was his calling. Gilbert recently made Shaquille O'Neal's 35th birthday cake, which he considers the high point of his career.