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...move separate from last week's staff cuts, Harvard Business Publishing has laid off 20 of its 250 employees as well, Kenny said. The School's publishing arm—which prints books, a business journal, and case studies used in HBS classes—has been hit hard by the recession, he said, along with the rest of the industry...
...Stowaway," but coming up with new, uncopyrighted names in every country it was marketed in proved costly; Sony eventually decided on "Walkman" as a play on the Sony Pressman, a mono cassette recorder the first Walkman prototype was based on. First released in Japan, it was a massive hit: while Sony predicted it would only sell about 5,000 units a month, the Walkman sold upwards of 50,000 in the first two months. Sony wasn't the first company to introduce portable audio: the first-ever portable transistor radio, the index card-sized Regency TR-1, debuted...
...After a pilot project last year proved to be a big hit with the public, Dörentrup's council has decided to roll out the scheme for the whole village, home to 9,000 people. Utility company Lemgo says the scheme will cut down Dörentrup's carbon-dioxide emissions by around 12 tons each year compared with leaving the streetlights on all night. "We found out that on each stretch of road, people only switch on the lights up to three times each night," explains Frank Bräuer, project leader at Lemgo. "That's why this...
...much larger Shanghai Disneyland in the next few years. Construction has not begun, but the Shanghai municipal government and Disney Co. signed off on a project proposal earlier this year. The new plan could also lift spirits at a time when Hong Kong's tourism has taken a hit on swine flu concerns. According to the Hong Kong Tourism Board, the number of new visitors to the city in May dropped a steep 13.4% year on year. For the first five months of the year, however, new arrivals were down a more moderate 1.4%. Mickey to the rescue...
Japan's hard-hit economy this week got a double dose of mildly good news. According to official figures released June 29, Japanese industrial output jumped nearly 6% in May, matching the largest monthly increase since 1953. And on July 1, the much-watched tankan survey, which measures sentiment among Japan's largest manufacturers, improved for the first time in two-and-a-half years, indicating confidence in the country's economic prospects is starting to grow...