Word: disneying
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Which helps explain why corporations from IBM to General Motors are falling over themselves to do deals with the Web auction giant. Disney auctioned off the "D" from the original Disneyland sign. Technology titan Sun Microsystems sold server hardware on the site with million-dollar starting prices. Yet despite such big-league partnerships, it's still the little guy that counts. Unlike your local mall, eBay would not survive for a second without mom and pop operations. Its entire success is predicated on extreme diversity. And you can forget about the pernicious influence of Madison Avenue. In this hypermodern arena...
...plain-talking, down-to-earth, family-loving pop star whose career has skyrocketed in a remarkably short time. A Hong Kong-California hybrid, CoCo got her big break in Taiwan with a karaoke hit in 1994, which she quickly parlayed into mass fame on the Chinese mainland. Disney hired her to do the Chinese voice-over for the movie Mulan (Celine Dion's big break, remember, was voicing Beauty and the Beast). Later one of her songs was chosen for the soundtrack to The Runaway Bride, the Julia Roberts-Richard Gere romance flick. CoCo's current goal is nothing less...
...most money on an eight-week tour, the entertainment business becomes entertainment. It's a breed of programming suited to an age when ENTERTAINMENT WEEKLY readers and E! watchers are increasingly attuned to the mercantile biz end of show biz. (Is action director Michael Bay over budget? Is Disney chief Michael Eisner the most powerful man in Hollywood?) "Kids today are 10 times more sophisticated about the business than they were even five years ago," says Making the Band executive producer Ken Mok. "People know more about Puffy as an entrepreneur than as an artist. The Wu-Tang Clan...
...much for the rally. Wednesday, the Dow and NASDAQ hit the skids all over again on three bad earnings tidings: Communications-equipment maker Nortel warned that losses will widen beyond expectations in the current quarter. Disney announced plans to cut 4,000 jobs. And Palm said it will lose money in the first quarter - this after Wall Street dared to expect a profit from the hand-held computer king. Is this a case of one step forward, two steps back - or the other way around? TIME personal finance columnist and Wall Street guru Dan Kadlec explains...
...start to feel good about it, and then some more earnings hit. Wednesday you had Disney's layoffs and Nortel and Palm announcing bad earnings news, and suddenly you realize that there's not gonna be the fast rebound everybody loves to talk about...