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...strategy? Marchionne is likely to hew closely to the playbook he used to revive Fiat. On June 10, the day Fiat sealed the deal, he announced a thorough organizational revamp. From now on, each of the four individual brands - Chrysler, Jeep, Dodge and Mopar (which makes parts) - will be distinct business units responsible for profit and loss. He also reached deep into the ranks, bypassing the engineers and putting a younger, energetic generation of managers with marketing experience in charge of the brands. "That's a mirror image of what he did at Fiat," says a longtime Fiat executive. Next...
...angry North Korea could fire on ships seeking to inspect one of its vessels, launching attacks from other ships in its navy, from shore batteries or from missiles. "While North Korea's most recent aggression has not yet led to violent outbreaks in the region, such clashes are a distinct possibility in the near future," warned a report issued on June 16 by the Center for a New American Security, a Washington think tank. "In fact, North Korea's well-documented history of intentionally inciting small-scale violence makes escalation more likely." (See suspected doctored pictures of North Korean leader...
...There is nothing in the FDA legislation that expressly favors Philip Morris when it comes to innovation and new product development, but the company has far deeper pockets, putting it at a distinct advantage over its competitors. In 2007, the same year that nearly identical FDA legislation was introduced in Congress, Philip Morris opened a 450,000-sq.-ft. (42,000 sq m) research facility in Richmond, Va. The complex is filled with hundreds of employees, including scientists studying new tobacco technologies that Philip Morris is hoping to get through the new FDA approval process...
...North Caucasus region, located between Europe, Asia and the Middle East, consists of a cluster of semiautonomous republics, many of them Islamic, arranged around the Caucasus Mountains. It's one of the most ethnically diverse regions in the world, with over 40 distinct ethnic groups. Much of the violence is carried out by Muslim militants who have declared war on police and state officials, calling them anti-Islamic for their allegiance to Russia. Other clashes are interethnic, with a century of conflict behind them. Based on the escalating levels of violence over the past 20 years, including two wars...
...lucky inhabitants and one hotel, it's a place where the sight of a boy washing his horse in the surf on an empty black-sand beach, or copra drying in someone's front yard, is common. Hiva Oa is the second largest island in the Marquesas, a distinct group of 14 isles within French Polynesia, located about three hours northeast of the French Polynesian capital Papeete. It's the kind of far-flung spot on the map that would attract an artist looking to escape the clutches of the world, and that's what Paul Gauguin did here...