Word: boxing
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...Nintendo, which has ruled the market in consoles for two years had a 43% drop in sales of its popular Wii model from March to April, selling only 340,00 units. Sales of Microsoft's (MSFT) Xbox 360 dropped 47% from March. (Read: "Out of the X Box...
...Workers at McDonald's and Wal-Mart are not paid well. Waiting on people in a big-box retail outfit or cooking and serving fast food will never pay well. The jobs don't require any special skills and so they do not come with a premium wage. Wal-Mart does employ 2 million people, which is a lot of individuals to keep on a payroll during a recession. McDonald's has 400,000. Neither place has announced significant layoffs and neither is likely to. (Read: "The Burger That Conquered the Country...
After years of controversy and opposition from local retailers, Wal-Mart this month is poised to open its first store in India, launching an expansion that will include 10 more big-box outlets in the potentially vast Indian market over the next two years...
...elevator that transports guests down to Bel Canto provides a surreal start to an evening in London's first lyrical dining room - the elevator carriage resembles a shrunken La Fenice, Venice's gorgeous opera house. Downstairs in the plush velvet-and-gilt dining room, which convincingly resembles an opera box, dimensions are restored to conventional expectations. The service, however, goes beyond them. Not only are the waiting staff attentive and swift, but all of them boast voices so utterly pure and transforming that it's hard to remember you're in a City restaurant and not a rehearsal room...
...Skeptics have been predicting Cannes' demise for decades, ever since European and Asian cinema became the merest boutiques outside the juggernaut Wal-Mart that is Hollywood. American movies rule the box office in nearly every country they're allowed free access to, so who cares about art films? Acknowledging the challenge, Cannes' chief programmer Thierry Frémaux is savvy enough to pepper his slate with brand names and faces - folks who will get their pictures on TV, in magazines and on the Internet, and earn the festival free publicity around the globe. This year Cannes has star quality...