Word: hub
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...prospects, but its hometown, Rochester, is hurting. It has borne the brunt of the company's downsizing, as Carp has sought cheaper manufacturing abroad. Most of the company's digital cameras are now made in China. In Rochester's northwest, the 2,200-acre Kodak Park, once the hub of Kodak's industrial operations, is full of vacant lots and demolished buildings. At its peak in 1982, the firm--once called the Great Yellow Father--employed more than 60,000 people in the city and had long been famous for its paternalistic employee policies. That figure...
STONECIPHER: Reasonable people can disagree. Airbus thinks passengers want to go through big-hub airports. Boeing thinks people want to go direct to their destination. It's also easier to build such a huge plane if somebody else--in this case, European taxpayers--is paying for one-third...
...will reward innovation. In December 2003 Boeing announced plans for the twin- engine, highly efficient 787 (originally called the 7E7), its first new airplane in a decade and its designated aircraft of the future. In contrast to the A380, which is designed to fly lots of people to big hub airports, the smaller (about 220 passengers) 787 aims to fly longer distances to more cities. Scheduled to roll out in 2007 and fly commercially in 2008, the 787 will cost an estimated $9 billion to launch...
...that the market will reward innovation. In December 2003, Boeing announced it would build the twin- engine, highly efficient 7E7 - its first new airplane in a decade and its designated aircraft of the future. In contrast to the A380, which is designed to fly lots of people to big hub airports, the smaller (around 220 passengers) 7E7 aims to fly longer distances and to more cities. The company estimates its launch costs at a massive $9 billion. But while Boeing predicted it would have 200 orders for the $120 million 7E7 by the end of last year, only...
Local executives affectionately call him Sheik Mo. From the nickname, you would hardly know that he is the Crown Prince and de facto ruler of Dubai and the man who has directed the tiny emirate's transformation from an ancient Persian Gulf port into a glitzy international hub of spas and skyscrapers--and a beacon of modernity for the Arab world. Sheik Mohammed bin Rashid al Maktoum is building the Singapore of the Middle East, a free port where business and ideas can mix. On behalf of Dubai's ruling al Maktoum clan, Sheik Mohammed, 56, has spurred growth...