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Consider India. Years of building its business in the country - the first ever cell-phone call in India in 1995 was carried over a Nokia phone and Nokia-deployed network - has established the company as India's biggest supplier by a huge margin. Nokia devices are sold in 162,000 retailers in India, more than three times the number for rivals Samsung or LG. Although Samsung is investing heavily to catch up, Nokia claims roughly 60% of the Indian market. So ubiquitous are the firm's products that many locals refer to their mobile phone as a "Nokia" even when...
...manufacturing plant in California, the first closure ever for the world's largest car maker. VW, meantime, is using the downturn to refocus its American efforts. It knows the U.S. market is key to any manufacturer with global ambitions and plans to boost sales there with what VW officials call their "Toyota killer" - a new mid-sized car specifically designed for the U.S. and meant to compete head-to-head with the popular Toyota Camry. The car will be produced in a new plant under construction in Tennessee. (See the 50 worst cars of all time...
...after you think great thoughts, you still need to get noticed. Without famous professors to call or rich donors to beckon, you place all your chips on one thing: the mail. Thankfully, a few of your envelopes breathe fresh air. The media, like “The Hartford Courant” or WDRC, report your efforts; they’re amazed someone bothered to look that stuff...
Rove, Karl • claims of lack of involvement in firings of federal prosecutors turn out to be, according to newly obtained emails ... well, let's call them "misleading" for now and wait for Justice Department attorneys to weigh...
...time, the President did not call for a larger bill, despite warnings from a wide range of economists that more funding would be needed, given the precipitous deterioration of the economy. Now, however, there is a growing sense in the White House that more stimulus is indeed necessary, even though the political environment for further action has soured. "Given what we know now about how sick the economy, it turns out, was getting, probably bigger might have been better," a senior White House official admits. "It was always an issue, of course, of what could you get through Congress." (Read...