Word: bolsterers
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Chrysler and Volkswagen are also racing to produce convertible derivatives to bolster slowing sales of the PT Cruiser and New Beetle. "We're at the point where we need a spark in the lineup," says VW spokesman Tony Fouladpour. "It's a way to keep [up] interest in the car." It's also a way to jack up the price. The New Beetle convertible could hit $30,000, vs. about $20,000 for the standard model...
NIGERIA Code of Conduct African leaders sought to bolster international investment on the continent by implementing a peer-review system to monitor economic reform and good governance. Meeting in the Nigerian capital, Abuja, representatives of 19 countries agreed on eight draft codes of conduct to be monitored by an independent African body. The aim is to ensure Africa keeps its side of the deal to attract some $64 billion a year under a proposed "Marshall Plan" for Africa, the New Partnership for Africa's Development (NEPAD...
...Electronics' shares--there is some concern that management is still subject to the whims of the Samsung Group's Lee family. Chairman Lee Kun Hee, the founder's son, wields outsize personal influence throughout the Samsung empire. One fear is that Samsung Electronics' profits could be siphoned off to bolster the fortunes of, say, Samsung Life Insurance, one of 24 other companies under the Samsung umbrella. That might not be illegal, but it certainly would not please investors in the electronics unit. "In terms of business, this is a top-notch company," says Jang Ha Sung, Korea's leading advocate...
...Electronics' shares - there is some concern that management is still subject to the whims of the Samsung Group's Lee family. Chairman Lee Kun Hee, the founder's son, wields outsize personal influence throughout the Samsung empire. One fear is that Samsung Electronics' profits could be siphoned off to bolster the fortunes of, say, Samsung Life Insurance, one of 24 other companies under the Samsung umbrella. That might not be illegal, but it certainly would not please investors in the electronics unit. "In terms of business, this is a top-notch company," says Jang Ha Sung, Korea's leading advocate...
...Electronics' shares - there is some concern that management is still subject to the whims of the Samsung Group's Lee family. Chairman Lee Kun Hee, the founder's son, wields outsize personal influence throughout the Samsung empire. One fear is that Samsung Electronics' profits could be siphoned off to bolster the fortunes of, say, Samsung Life Insurance, one of 24 other companies under the Samsung umbrella. That might not be illegal, but it certainly would not please investors in the electronics unit. "In terms of business, this is a top-notch company," says Jang Ha Sung, Korea's leading advocate...