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...Today, Ctrip holds 54% of China's online travel market by revenue, according to CLSA, versus 10% for challenger eLong, which is majority-owned by Expedia and has followed a more fitful progression - initially offering vacation packages, but temporarily withdrawing them in 2007 to focus on air tickets and hotels. Both players offer nearly identical prices, so customer service is a key point of difference. While Chinese Web users have become more sophisticated about researching prices on the Internet, they still prefer to buy tickets by phone (just 35% of Ctrip's customers buy their air tickets via the website...
...hitter out of Chicago? All the righties complained that he favored the left side, while the lefties maintained that he leaned to the right. Strasburg is something that everyone can agree on, something new, a harbinger of warm evenings, popping cherry blossoms and blazing azaleas. A breath of fresh air, and not a moment too soon...
Debt-laden Greek companies, with nowhere to turn for further loans, may go belly up or be gobbled up. "Without cash, you're dead as a business," says Aegean's Vassilakis, whose company is in discussions for a possible merger with Olympic Air. For Basil Stephanis, president of Selonda, a $167 million aquaculture company with fish farms in Greece, Turkey and Wales, Greece's woes are an "opportunity to consolidate and buy up companies with liquidity problems." Constantine Petropoulos, chairman of Petros Petropoulos, a $158 million firm that sells cars, automotive supplies and industrial equipment, has already diversified his business...
NORTON SCHWARTZ, U.S. Air Force chief of staff, saying he is reluctant to scrap the military's "Don't ask, don't tell" policy; President Obama recently called for the rule to be repealed...
...food, clothing and education assistance provided to foster families is not a lot - agencies don't want to encourage people to step forward just for the aid - but it's enough to make caregivers feel as if they're getting adequate backup. (See the destruction in Haiti from the air...