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...ailing Chrysler business in the U.S., will be hoping he can work a similar feat with Daimler. A new, streamlined strategy would help. "Instead of continuing to meddle with too many products in too many markets, they need to concentrate on their core business," says Rolf Drees, an analyst with asset management company Union Investment. "The new CEO may achieve just that." Though Schrempp is on his way out, DaimlerChrysler's numbers are looking up. The group's net profits were up 28% to 3737 million last quarter, while sales grew 4% to 338.4 billion - a result that exceeded forecasts...
...that "if you loosen up, you're in trouble." More worrisome: one of the groups claiming responsibility for the blasts said it has ties to al-Qaeda. "It is part of a bigger project that entails confronting America and Israel and, after that, nonmilitant Arab regimes," says Egyptian political analyst Hala Mustafa. If al-Qaeda is moving back into a global operational mode, it would a be a blow to the Bush Administration, says former White House deputy homeland-security adviser Richard Falkenrath, because "we'd all come to believe that we had decimated the al-Qaeda leadership." --By Daniel...
...Internet? Shares in eBay leapt 14% after the online marketer last week cheered a 53% leap in second-quarter profit. After its own fourfold rise in quarterly earnings, Google's shares lingered around $300 - a long way from last August's $85 debut price - and at least one analyst predicts they will hit $400. And revenue and profit unveiled at Yahoo! had a healthy glow, too. Innovation has been key at all three, says Standard & Poor's Internet equity analyst Scott Kessler: "They have amazing virtual research labs - those websites." And increasingly, users like what they find. Nielsen//NetRatings clocked...
...from the stock drop have been filed. The company botched forecasts for home-video sales of Shrek 2 not once but twice, blowing its credibility on Wall Street and prompting the company to scrap a planned $500 million stock sale. "Are they rookies? Do they have any controls?" asks analyst David Miller at Sanders Morris Harris, echoing concerns of many investors...
...luxury apartment in one of the best downtown areas, hire a property firm like Colliers International or Jones Lang LaSalle to manage it, then lease it to expats. (Locals, I was told, hate to rent.) "Go for a prime location in the city center," advised Wayne Zane, an analyst at Colliers. "In a downturn, it will be less affected." So I began touring apartments in buildings with names like Baroque Palace and Sea of Clouds Garden. The target zone: three downtown districts--Xuhui, Jingan and Luwan--that all seem certain to remain prime locations. It soon became clear, though, that...