Word: giante
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...president of Orbitz.com Sands, 37, is taking the Chicago-based travel website global. The marketing exec was tapped for the top job when travel and real estate services giant Cendant bought Orbitz late last year. His first international step will be letting customers use foreign credit cards to book online, especially Europeans eager to travel to the U.S. because of the weak dollar. Sands also plans to roll out foreign-language sites and use Cendant's long-standing relationships with hotels and time shares overseas to give Americans more options. --By Barbara Kiviat
IKEA, the Swedish home-furnishings giant, is in expansion mode, especially in the U.S. and Russia. Although he is retired, IKEA's founder, Ingvar Kamprad, 78, regularly visits some of the chain's 204 stores in 33 countries. Last month, he talked with TIME's DODY TSIANTAR in the restaurant of the Elizabeth, N.J., store. Some excerpts...
...What most riles the public is that the same consortium will get a giant windfall by being allowed to build and sell retail, commercial and residential units on the site. That smacks of cozy dealings between the government and the tycoons-which Tung admitted in his speech was a cause of public concern, insisting: "We are resolutely against collusion between business and the government, and will strictly enforce our monitoring systems to eliminate any transfer of benefits." Earlier this month, the legislature voted 34-3 for a non-binding resolution against the West Kowloon plan. "Invariably, people see this...
Just two days before the tsunami, the Cassini spacecraft orbiting Saturn received instructions from this frail little species three planetary orbits away, and proceeded to detach and launch its Huygens probe to fly suicidally down to the giant moon Titan--measuring, sensing, learning and teaching through its final descent. All for one purpose: to satisfy the hunger for knowledge of a species three-quarters of a billion miles away...
...better. But these days certain companies, like Staples and Best Buy, are concluding that when it comes to profitability, less may actually be more. TIME staff writer DANIEL EISENBERG talked with Staples CEO Ronald Sargent about how this bold marketing approach, among others, is helping the office-supply superstore giant pull away from the pack...