Word: brandes
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...Disney is doing, the results and upheaval are even worse at competitors such as Vivendi Universal, Bertelsmann and AOL Time Warner (which publishes Time). Says Disney president Robert Iger: "We don't have any accounting issues to deal with. We are a healthy company and we have a global brand that is considered one of the most valuable in the world." Underscoring his point, Eisner and Disney chief financial officer Thomas Staggs signed off on the company's books on Friday, ahead of an Aug. 14 deadline imposed by the Securities and Exchange Commission on big companies...
...these days, than in Cairo. For four consecutive summers, I've met friends for drinks at the Greek Club downtown in the Egyptian capital, but this year there's a new ritual to our gathering: Before sitting down, everyone tosses their pack of cigarettes onto the table for a brand inspection. Gauloise (French), Cleopatra (Egyptian) and Rothmans (Canadian) pass without comment, but a pack of Marlboros demands explanation. Boycotting American cigarettes has become a standard political statement in a city where the vast majority of urban professionals are both smokers and fierce critics of Israel's military campaign in Palestinian...
...Today nearly half the country's 22 million people live in Riyadh or Jidda, and Saudis make up the biggest market for U.S. consumer products in the Middle East. When they're not fighting city traffic in Cadillac SUVs, middle-class Saudis frequent gleaming shopping malls lined with designer brand names from the U.S. In a country where women are required to wear full-length abayas in public, you can catch Sex and the City on satellite TV every Friday night...
...Saud family has held on to power by placating the kingdom's religious establishment, which is dominated by descendants of the 18th century Muslim cleric Mohammed bin Abdul Wahhab. To defuse the religious leaders' hostility to modernization, the Sauds gave the Wahhabists broad power to dispense their forbidding brand of Islam in the country's mosques and schools and to regulate daily life in the kingdom. During the five daily prayer times, official morality squads roam streets and shopping malls, ordering businesses to close and bystanders to head to the nearest mosque...
...appears set to merge Buzz and Basiq Air, its Amsterdam-based budget brand, in order to cut costs and streamline management. In retrospect, British Airways' exit from the low-cost business last year - when it sold Go to venture capital firm 3i for 3158 million, only to see Go be sold again to easyJet for almost four times the price - looks short-sighted indeed...