Word: firmness
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...what the company was even three years ago when the stock traded at $43, just after posting the highest operating income in its history. The stock now trades around $12. Yahoo's market value has dropped to $17 billion. Its value now is about the same as trash hauling firm Waste Management (WMI). In the last quarter, the portal company had an operating loss of $278 million. With goodwill and restructuring charges taken out, Yahoo would have made a modest profit. The sales are not likely to get better...
...laid off tomorrow? Can I really tell my snobby friends that I now shop at - egads - Walmart? To gauge the mindset of the American consumer, and the state of shopping during this recession, TIME checked in with respected retail expert Paco Underhill, the CEO of Envirosell, a consulting firm, and author of Why We Buy: The Science of Shopping...
...this year. It is another highly successful company in the education field which should benefit from the need of people out of work to develop new skills. In the most recent quarter, the company's profits rose 86% and it increased its forecast for the current year. The firm's CEO recently said "Although difficult to quantify, current trends indicate that the recession has helped increase marketing leads and student enrollment." It sounds like Corinthian may be hiring. On-line education is definitely in the boom phase of expansion...
...story Television Cultural Center, which was supposed to house the spiffy Beijing Mandarin Oriental, was designed by renowned Dutch architect Rem Koolhaas, who intended to match the aesthetics of the adjacent China Central Television headquarters. Amidst the Olympics mania in 2004, the Chinese government hired Koolhaas’s firm to design a new headquarters for CCTV. The massive six-million-square-foot complex that resulted, which includes the Television Cultural Center, came to be known as “Zhichuang,” or “knowledge window.” With two leaning towers connected...
...European firms don't exactly need Sarkozy's invitation to get to know Iraqi officials. Earlier this year, France's Total and the Anglo-Dutch firm Royal Dutch Shell began talks with Iraqi authorities about developing five new oil fields in the north and south of the country. (U.S. rivals Chevron and ExxonMobil are also after that business.) European chemical, engineering and construction companies and arms producers would also like to re-establish ties that were severed by the international embargo of Iraq before the war. British and Italian firms, meanwhile, long to kick-start contracts they had from...