Word: globalization
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Dates: during 2000-2009
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...selling shoe brand in Italy, and GEOX is a rising star in the global marketplace. Between 2001 and 2008, the company's net sales increased from $195 million to $1.2 billion. Profits jumped from $9.5 million to $163 million. More recently, however, GEOX hasn't escaped the slowdown. After a decade of double-digit annual profit growth, net income flattened out in 2008. The stock has dropped 54% over the past year. "At the moment, the shoes business is very difficult," says Polegato. "I believe, however, that GEOX is in a great situation, because we can mix technology and style...
...April 1 news article "Chinese Student Leaders Visit Campus" gave an incorrect name for one of the groups that organized the Ivy-China U.S. Invitational. The group's name is Global China Connection, not Global China Communication...
This week, eight student leaders from as many Chinese universities visited Harvard as part of the Ivy-China U.S. Invitational, an exchange program organized by Global China Communication and the Leadership Institute at Harvard College. [SEE CORRECTION BELOW...
...plant closures and thousands of worker layoffs, describing them as too little, too late. Several of Wagoner’s classmates, however, called his forced departure a unjustified political sacrifice to appease growing public dissatisfaction with big business. They pointed to GM’s success in expanding global market share and negotiating contracts with the powerful United Auto Workers union as evidence of the progress the former CEO had achieved. The blame, they said, falls largely on the crippling worldwide economic decline that has hobbled GM’s plans to reinvent itself. “He was well...
...Obama loves to talk about the great promise of energy reform, but all it takes is one glance down Pennsylvania Avenue to get a sense of the pitfalls of such ambitious designs. That was especially clear on Tuesday, as Congress ran both hot and cold on legislation to fight global warming...