Word: discounting
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...billion war chest and a market value ($34 billion) almost four times as big as Nissan's. Racked by an economy in an eight-year decline, Japan has a demonic need for the cash and expertise of foreign bankers and takeover experts who are buying, at deep discount, chunks of the country's financial and industrial base. "What has really happened this decade is the true inability of the Japanese to manage in a difficult situation," says ING Baring Furman Selz managing director Maryann Keller, who has studied Japanese industry for 30 years. Once unthinkable, the idea that foreigners might...
...welcome, and time stands still. The seasoned staff is outgoing and friendly, ready to help make selections or chat it up with the customers. At Nini's the good life is the slow life; the giant glass cigar case encourages leisurely puffing. Nini's also boasts a special discount adult magazine kiosk, guaranteed to satisfy the bargain-minded Yard resident on his 18th. Tourists may purchase a Harvard postcard for thirty cents...
...welcome, and time stands still. The seasoned staff is outgoing and friendly, ready to help make selections or chat it up with the customers. At Nini's, the good life is the slow life; the giant glass cigar case encourages leisurely puffing. Nini's also boasts a special discount adult magazine kiosk, guaranteed to satisfy the bargain-minded Yard resident on his 18th. Tourists may purchase a Harvard postcard for thirty cents...
...first of a new wave of discount airlines essentially created by the megacarriers, which have jacked up business fares 35% in the past three years. Such increases explain why Pro Air was able to sign corporate titans DaimlerChrysler and General Motors to five-year deals, providing unlimited flights at a flat rate. Waiting to take wing are 20 new airline companies that are applying to the Federal Aviation Administration and the Department of Transportation for certification...
Certainly, discount airlines have taken to the skies before, only to be blown away like so many ducks by the megacarriers, which quickly matched their fares and added seats on competing routes. Yet the megacarriers are severely testing customer loyalty. Northwest, which controls about 62% of the passenger traffic out of Detroit, has a monopoly on local resentment due to high fares, a pilots' strike this summer and, most recently, January's snowstorm fiasco, in which, because of overcrowded gates, thousands of arriving travelers were trapped on the runway for up to eight hours without food or working toilets...