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...confident it will become a global player. "We have aspirations to be a global brand, and we will eventually get there," he says. Jay Li isn't the only one who thinks Li Ning is poised to break out. The Credit Suisse Research Institute released a report at the end of February calling Li Ning one of the 27 "Great Brands of Tomorrow." (Watch a video about running barefoot...
...influence of China, try asking an American to name a Chinese company and you're not likely to get much of an answer. While South Korea has Samsung and Hyundai, and Japan has Sony and Toyota, in the U.S., China is largely associated with the mass production of low-end goods, with few of its own international brands. To battle China's reputation for cheap imitations, Li Ning has hired top designers from Portland's rich pool of shoe-design talent and placed its high-end sportswear in an airy showroom in a Portland's chic Pearl district. (See pictures...
...Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S. President Barack Obama unveiled proposals in January for a $90 billion bank tax designed to recoup public money used to shore up the nation's lenders. No-nonsense Sweden, meanwhile, has already implemented its own version. But amid this consensus on the need to charge banks, doubts over the merit...
...strange predicament for the modest jet that was supposed to be the cheap end of the military's high-low warplane mix of F-22s and F-35s. The Pentagon launched the F-35 Lightning II program a month after 9/11. Over the past eight years, the price-per-plane has doubled - from $69 million to as much as $135 million - even as none of the 2,443 on-order planes have been delivered. The program's cost has soared from $197 billion to as much as $329 billion. Plans to profit from prospective sales of more than...
...Facebook was unable to quantify the number of users in Argentina who had taken down their photos to join the campaign, but more than 36,000 Facebook users had signed up for the virtual event "Photoless for the Missing" by day's end. (See the top 10 tech trends...