Word: flagships
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Dates: during 2000-2009
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...Issuing pink slips en masse is a political nonstarter in India, and it's even less likely to happen in an election year. With India's flagship information-technology sector under global scrutiny, the government looks keen to salvage Hyderabad-based Satyam, the country's fourth-largest outsourcing company. "I am pretty sure the employees are on safe terrain," says James Agarwal, head of executive-search firm BTI Consultants India. "There is no chance the government will allow the company to go down. It is important for employees, for Indian corporates, for the government." (See pictures of the global financial...
Some of Harvard's schools, including the flagship Faculty of Arts and Sciences, have already responded to the financial crisis by freezing hiring and wages and preparing to slash budgets...
Although you'd think that eBay's flagship marketplace business, a site where people go to buy and sell stuff, would flourish in a downturn, it has stopped growing. It's still unclear how badly the credit crisis and buying slowdown will affect an e-commerce value site like eBay, which does half its business outside the U.S. During the 2001 recession, eBay's marketplace continued to thrive because of its Web dominance and discounted goods. Whitman at the time even crowed that "eBay is to some extent recession-proof...
...ANGELES Hermès' Jardin des Orchidées presentation plate ($375) flies out of the North Rodeo Drive flagship...
...slower. They're not buying the big stuff," said a sales person at Macys flagship store in Herald Square, who asked not to be named. A $400 diamond bracelet had been marked down to $99, but there were more sales people standing near it than customers. Instead, shortly after 7 a.m., a crowd was hovering around a display of costume jewelry priced at $9.99 each...