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...electronic equipment, including DVD and MP3 players, which the counterfeiters then hawked as NEC products. The pirates even went so far as to design their very own line of fake NEC goods. The fact that NEC hadn't designed them didn't stop irate buyers calling the Japanese firm with complaints when the counterfeit devices occasionally proved defective. Pirates, it turns out, don't stand by warranties...
...translates into a $365 million immediate increase in fuel costs for the 11 major airlines. Even hyperefficient JetBlue has gone into the red. "High oil prices and continued losses will probably be a slow grind to liquidation for some airlines," says Vaughn Cordle, the founder of the analytical firm AirlineForecasts. While some airlines thought they might break even this year, now the biggest carriers may lose as much as $3.5 billion in 2006, Cordle predicts. If the current jet-fuel prices hold, something else will have to give. Result? Look for more mergers and higher fares...
...everyone is unhappy with high oil prices. Besides oil companies, these are boom times for oil-field-service firms like Schlumberger, whose oil-field revenue is up 34% over last year's first quarter, and high-tech equipment makers like Baker Hughes (up 89%). Rig activity is so strong and demand for energy services so unprecedented, according to Dave Lesar, CEO of Halliburton Co., the Vice President's former outfit, that the oil-field-service conglomerate started raising prices this month. So have others. Oil-drilling ships are renting for $500,000 a day, double the charge of 18 months...
...winnings paid to men and women champions at "Wimbledon, the only Grand Slam event that still pays men more" [April 17]. And why not? The women's matches are the best of only three sets, not five. Less work means less pay. I'm a firm believer in women's rights--equal pay for equal work...
...crews prepped for the final 1,000.And after the first half melted away after the turn, the Crimson transformed into an utterly different crew from the one that raced the first 1,000. A boat that gave up too much and took very little in the first half held firm against Yale and Princeton in the third 500.“I felt like we had the intensity that we’d had in the past, in the races from a year ago,” Kauble said.Coming into the final 500, Yale still claimed a near-length advantage...