Word: financeseated
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The giant Swiss food company Nestlé jolted Berlin a few months ago by announcing that it is closing its candy factory in the German capital. The company will stop making "Yes" chocolate bars and lay off 450 people - another rainstorm feeding the flood of 250,000 manufacturing jobs that...
The crowds that have come to Venice for the Biennale seem a little dazed by the sun and heat - it's 36C in the lush gardens of the Peggy Guggenheim Collection, and everybody is wearing linen shorts, T shirts and sandals. Everybody, that is, except the mountainous man striding through...
AirTran and JetBlue are bucking industry trends by making profits and adding flights, at the expense of the major airlines. Frontier and ATA (based in Indianapolis, Ind.) are trying new routes too, but their finances are under pressure. Frontier posted a $23 million loss for fiscal year 2003, its first...
At Christie's contemporary art sale in New York last month, the top lot was a huge mural painting by Mark Rothko that the auction house hailed as a "masterwork" and "of particular importance." When the bidding was over, No. 9 (White and Black on Wine) had sold for $16.4...
Harvard Business School (HBS) will also hold open some staff vacancies in an attempt to downsize staffing in areas of the school experiencing less demand, according to HBS Dean of Finances Donella M. Rapier. It will also try to hold next year’s spending at this yearâ?...