Word: cendant
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...fought long odds and had to give up an entire building; the Mexicans remember Texas. If ever a country's character demanded that it root against the underdog, it's ours. We are the country of crushing, monolithic corporations - of McDonald's, Wal-Mart and companies such as Aramark, Cendant and Sysco that are so powerful we don't even know what they do. We crush foreign dictators for looking at us funny. We are geniuses at supersizing the good stuff and McRibbing the losers. Underdogs are for Canadians...
...competing agents so that clients can see more houses. But sharing a listing online is different from sharing it in a shop, says N.A.R., so brokers should have control of their own listings. "It is the product of their work and business," says Richard Smith, chairman and CEO of Cendant's real estate unit, the nation's largest brokerage with Century 21, Coldwell Banker and ERA brands...
...N.A.R. is changing the game. This past spring, after years of heated debate and threats from Cendant to bolt, N.A.R. created rules that allow its brokers to keep their listings from any sites they choose--whether a Web-only brokerage like eRealty or a site run by a traditional broker...
...mother of two and a yoga enthusiast, Richards, 54, joins the board of real estate and travel giant Cendant to serve on its audit committee. In the wake of recent financial scandals, firms are hiring more independent directors who can expertly read the text and subtexts of financial reports. And Cendant believes that Richards, CFO of the Bermuda subsidiary of the Swiss bank Lombard Odier Darier Hentsch, fills the bill...
...down sharply and should stabilize in the $20-$30 range, from a high three weeks ago of $37.78 per bbl. Friday's price was $26.91. This decline hurts Big Oil--ExxonMobil, ConocoPhilips--but parts of the transportation industry will benefit, especially truckers like Roadway and roadside lodging firms like Cendant, as travelers favor the road over the air. Avoid big airlines. Their cost structures require more business than they're likely to get anytime soon, and even JetBlue and Southwest will struggle. If you think firms like engineering giant Fluor can do well rebuilding Iraq's oilfields, you're right...