Word: corpe
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...Costco Wholesale Corp: Wholesale clubs are doing well in this tough economy because their very existence is synonymous with penny pinching. Costco, the nation's largest warehouse club, is considered the best deal in town and, as the biggest wine retailer in the U.S., it attracts a more affluent customer than Sam's Club or BJ's. Robust sales and cost cutting increased the company's quarterly profit 31%, with February sales up 7% over last year. "They have a treasure hunt atmosphere in their stores," says Davidowitz. "They offer constant newness and incredible value...
...weak dollar dumps cold water on some of Japan's largest corporations and exporters, since a higher yen value makes exports from the likes of Sony and Sharp to Toyota and Honda less competitive. On Thursday, Toyota Motor Corp. president Katsuaki Watanabe said that his company will need to maintain profit growth, since it forecast record profit for this fiscal year when the dollar was about 113 yen. For every yen the dollar drops, Toyota's operating profit falls...
...another. Now, says the Vivendi exec, "we've reinforced our media activities in key areas and allow our affiliates to do business with whatever companies fill their needs best--whether inside or outside the group." Plug and play has supplanted media monolith. Still, Messier points to companies like News Corp. and Disney as examples of how big content providers continue to drive convergence...
...becoming a reality.It was then that a “format war”erupted between competitors VHS andBetamax for supremacy in home mediadistribution. Sony pitched Betamax bytouting its ability to record from onetelevision station while the screen actuallyshowed another.The battle even resulted in a landmarkSupreme Court case, Sony Corp. v.Universal City Studios. The latter party,along with several other major studios,claimed that Betamax’s recording technologyviolated copyright laws. The SupremeCourt ruled in favor of legal homerecording, setting an important precedentthat helps protect more moderntechnologies like digital video recording.VHS is dead now, though, and its opticalreplacement...
...necessarily criminal companies into agreeing to unfairly large settlements by threatening CEOs with prolonged legal battles. (Spitzer extracted at least $5 billion in penalties from financial firms, according to Masters.) In December 2005, former Goldman Sachs chairman John Whitehead, who was then chairing the Lower Manhattan Development Corp., alleged that Spitzer tried to bully him after Whitehead wrote a Wall Street Journal Op-Ed criticizing the attorney general's zealotry: "I will be coming after you," Spitzer allegedly told Whitehead, who said he immediately took notes of the conversation. "You will pay dearly for what you have done." (Spitzer...