Word: corpe
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...Phat and Seven. There's even a guide to help workers determine the age of, say, a pair of shorts from the Gap on the basis of the styling of the label. (Plato's won't take anything more than a year old.) Owned by the Minneapolis-based Winmark Corp., Plato's has opened some 200 franchises since 1999. The company rang up more than $100 million in sales in 2006 and plans to open 35 additional stores this year. Winmark collects a 4% royalty fee from each store; a franchise costs $225,000 on average. The formula seems...
...states, though, are aiming higher. On May 20, the Chinese government said that it was paying $3 billion for just less than 10% of the Blackstone Group, the U.S.'s leading private-equity firm, which owns everything from Freescale Semiconductor to Michaels Stores. The next day, Saudi Basic Industries Corp. said it was buying General Electric's plastics division--the storied operation based in Pittsfield, Mass., where former GE boss Jack Welch earned his stripes--for $11.6 billion...
These deals--unlike recent debacles in which the China National Offshore Oil Corp. failed in an attempt to buy Unocal and Dubai Ports World bought and then had to give up control of several U.S. ports--appear to have profiles low enough to avoid political opposition. Make no mistake, though: foreign investors' presence in the U.S. is only going to grow...
...through the reams of paperwork. But the U.S. consulates in Mexico, which have to interview and approve each worker before every season, are already swamped. Last June the Department of State, in an effort to speed up visa processing, began to outsource the appointment scheduling to the Computer Sciences Corp., a FORTUNE 500 company that handles everything from IT to fighting wars for the U.S. government around the world. According to Eury, the outsourcing actually made the system worse for his farmers. Their would-be workers were assigned late, says Eury, and sent to interviews at consulates scattered around Mexico...
...decade after Pearl Jam's failed "Ticketbastard" crusade against the ticketing giant, the Web is doing what lawsuits couldn't: raising the bar with a healthy dose of competition. While Ticketmaster, part of Barry Diller's Interactive Corp., still dominates the industry--it sold 128 million tickets last year, compared with Tickets.com's 76 million--it is fending off threats from every direction. Some of its biggest customers--concert promoters and professional sports leagues--are finding ways to sell their own tickets. Smaller ticketing outfits are attracting museums and concert halls with software that gives them closer fan connections. Worst...