Word: firms
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Google's new CFO, Patrick Pichette, is leading the company's belt-tightening. A former executive at Bell Canada, his impact was already evident in the firm's third-quarter results, which it announced in October. Although the company's revenue was slightly lower than analyst estimates, earnings were higher due to cost-cutting measures spearheaded by Pichette, such as decreasing the number of new hires. "Google has certainly gotten religion on expenses, and that is due largely to the new CFO," says Sanford Bernstein's Lindsay...
...never turn a profit (such as its ill-fated virtual world Lively, which will close at the end of month). "If they could fix their expense management, surely they could fix their product development as well. Google has a very poor product-development process," says Lindsay, who criticizes the firm for letting good products languish while encouraging engineers to tackle newer and more exciting projects instead. For example, its Chrome browser got positive reviews when it was released this summer, but it hasn't been marketed or significantly updated since then...
...even below. GM, for instance, has lost 7 market-share points, falling to 22%, in the past 10 years. It plans to slash costs by an additional $7 billion by 2012. "It's all about survival," says Van Conway of Conway MacKenzie & Dunleavy, a crisis-management and turnaround firm in Birmingham, Mich...
...Chrysler, which burned through $3 billion in cash in its last quarter and has $6.1 billion left, is looking for more partners like Nissan, which is already contracted to build a small car for the company. Chrysler's owner - Cerberus Capital Management, a New York City private-equity firm - got a lemon when it bought 80% of the company from Daimler for $7.2 billion last year. A merger could...
...Islamist extremism responsible for his wife's assassination were also behind the bombing of Islamabad's Marriott Hotel in September. The militancy once sponsored by the Pakistani military as a foreign policy tool now threatens to abort Pakistan's sputtering democracy. There has never been a stronger case for firm and united action by the governments of both India and Pakistan to cauterize the cancer in their midst...