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...some traditional banks automatically offer lower rates - mainly on mortgages - to customers they consider vulnerable to the allure of pure plays, such as young marrieds with high mortgage payments, hoping they'll stay put. If the stand-alones are to challenge the giants, Kirk says, "they need to constantly expand the category." Ultimately, that could mean opening real branches. "They will need some sort of face-to-face offering," says Alex Boorman, a financial-services analyst at the research firm Datamonitor. "Not everyone wants to bank online." Although the four British banks are called pure plays, they have good family...
...such that even if he wanted to take back control of Vivendi's American entertainment assets, as some have speculated, major shareholders would probably oppose it. Edgar has other things to keep him busy, anyway. He has taken a 40% stake in British jeweler Asprey & Garrard, hoping to expand the luxury-goods brand to shoes and other fashion accessories. His family members must surely hope they will still be able to afford to dress that...
...quarter of all churches offer job programs--mostly small, informal groups that meet once or twice a month and limit their religious content to an opening or concluding prayer. Brian Ray of the nonprofit Crossroads Career Network in Atlanta has helped 27 churches launch such programs, and plans to expand to 45 by the end of the year. Says Ray: "There's an opportunity to marry your personal faith and your work." --By David Robinson
...airline would hire a female pilot, and in 1978 becoming the first woman pilot hired by Trans World Airlines, then the most glamorous airline going. (Her dad worked there as a pilot. Her mom was a housewife.) Lee was hired by United Parcel Service in 1985 to help expand its air-shipping fleet, and is now the first woman to oversee the company's 2,527 pilots. She has also directed the adoption of new technology to reduce runway collisions--one of aviation safety's most serious threats...
...inaugural address in January, Boston Mayor Thomas M. Menino had invited Harvard to expand its medical facilities into Crosstown as part of a redevelopment project to create a biomedical corridor in the economically struggling neighborhood...