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Sell a buck. Save a buck. Repeat. It's that cycle of high-powered logistics engineering and nickel-squeezing huckstering that remains retailing's most potent weapon. UBS's Kristiansen sees no reason why Wal-Mart, which has trounced the Dow over the past five years, will not sustain 15% earnings growth...
...economy is growing, albeit fitfully, and its underlying fundamentals remain sound. What does need stimulating -- and this is where political advisers like Karl Rove come in -- is the public's perception of the economy's health. And that is tied directly to the markets. "People look at the Dow and the Nasdaq and they feel queasy about the economy," a White House official told me the other day. "They look at their retirement portfolios and they want to throw...
...newspaper they hand out at Colonial Williamsburg, the one with headlines like SILVERSMITH THROWN IN GAOL FOR STEALING GOODIE SMITH'S PEANUT SOUPE RECIPE. O.K., I've never read that newspaper. But in the New York Times, which I occasionally read during boring meetings, I found out that the Dow slipped to 1997 levels and swept away all those confusing new companies I never bothered to understand in the first place, with their energy trading and e-tailing and telling people they've got mail. None of the news seemed at all fresh this year: Attacking Iraq? Jimmy Carter getting...
...settling back with some frozen-in-time Austrian Zeitung whose headline declares governor of Carinthia denies he worships Hitler. Wait, I think that really was in the Austrian papers this year. And in the New York Times, which I occasionally read during boring meetings, I found out that the Dow crawled back to 1997 levels and swept away all those confusing new companies I never bothered to understand in the first place, with their energy trading and e-tailing and telling people they've got mail. None of the news seemed at all appropriate to this year: Attacking Iraq? Jimmy...
Taking on that establishment is John McMahon, 47, CEO of IE-Engine, a sourcing-software specialist who once worked for auction-technology firm Ariba and networking giant Cisco Systems. His year-old start-up counts as customers Dow Chemical, Ford, Lucent, Owens Corning and Staples. "The fact that these creme de la creme companies have signed up validates the idea," says Lou Volpe, 52, a partner at Kodiak Ventures, which has invested $6 million in IE-Engine...