Word: annualized
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...merger will combine Ticketmaster's ticketing and artist-management business with Live Nation's concert promotion, network of concert halls and fan-club operations under one roof. As a combined company, the new entity is expected to enjoy about $40 million in annual cost savings and have greater bargaining power to woo artists and sell out concert halls more efficiently. "Forty percent of the tickets to music events go unsold," said Azoff, whose Front Line artist-management group within Ticketmaster represents such artists as the Eagles and Guns N' Roses. "The goal of this [combined] company is to better market...
Sleep researchers refer to these early risers as larks (midnight-oil-burners are known as owls), and new data presented this week at the annual Associated Professional Sleep Societies suggest that a student's preferred sleeping schedule has a lot to do with his or her grade-point average in school. In one study, psychologists at Hendrix College in Arkansas found that college freshmen who kept night-owl hours had lower GPAs than early birds. Another group at the University of Pittsburgh revealed that poor sleep habits among high-schoolers led to lower grades, particularly in math. (See pictures...
...That should help Mitsubishi meet its production targets of 2,000 i-MiEVs in the next 12 months, 6,000 in the second year of production and 15,000 the following year. Mitsubishi says it can turn a profit on electric cars when it reaches an annual production volume of 30,000 a year...
Finding ways to tweak the revenue stream is not as simple as raising prices. For instance, for most museums that charge admission, fees at the door account for less than 10% of annual income, so hiking ticket prices doesn't do much to close a budget gap. And because many museums benefit from taxpayer support, any attempt to charge more can turn into a battle over the right of the public to have affordable access to a place it subsidizes...
...embarrassing spectacle concerns the roster of speakers for Monday evening's GOP annual joint Senate and House fundraiser, the biggest Republican congressional event of the year, which is expected to rake in at least $10 million. The Alaska governor was originally invited last spring by Pete Sessions, the chairman of the National Republican Campaign Committee (NRCC), to address the dinner. She accepted, or so Sessions thought, and a press release went out. But there was apparently a miscommunication in Palin World between Washington and Alaska advisers, because as it turned out, the 2008 vice presidential nominee had a conflict...