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...result, the world's largest Internet company may now find itself shut out of the world's largest Internet market. Its partners are already minimizing any damage by association. Tom.com, a hugely popular portal, is no longer powering its search engine with Google, and China's two largest cell-phone companies are expected to tear up mobile-Internet and handset deals. Advertisers who have paid to reach the desirable demographic catered to by Google.cn - college graduates and professionals - are already feeling bereft. Soon, so will suppliers of music and video content to Google's Chinese service...
Caught in the cross-hairs of California's state budget crisis, the Los Angeles Superior Court - the largest trial court system in the nation - this week laid off 329 employees and closed 16 courtrooms. Facing an unprecedented $79 million shortfall, Presiding Judge Charles W. McCoy said that the courts will lay-off an additional 500 workers and shutter up to a total of 50 courtrooms come September. Announcing the cutbacks in a courtroom closed months ago to save money, McCoy said, "Today is a sad day for justice in Los Angeles." With attrition, McCoy expects the 5,400-employee court...
Walmart, the world's largest retailer, has seen better days. Yes, profits rose 22%, to $4.63 billion, in the fourth quarter of '09. Even coming out of the Great Recession, many consumers are trading down to shop at the discount superstore. However, for the third straight quarter the store saw negative same-store sales growth; during the last three months of 2009, same-store sales dropped 2%. Overall traffic in Walmart stores was down too. To Walmart executives and investors, this disturbing trend has to be reversed; despite the earnings growth, Walmart's stock fell 1.1% on the day earnings...
Donald Trump has never been accused of subtlety. So there is nothing retiring about the celebrity real-estate magnate's venture into Panama. His 70-floor sail-shaped Trump Ocean Club, under construction in Panama City's exclusive Punta Pacifica district, will be the largest and most expensive building ever built south of the Rio Grande. "Nothing like this has ever been attempted in Latin America," says head developer Roger Khafif, whose K Group construction firm is handling the $400 million project. "When you think of Sydney you think of the Opera House, when think of Paris you think...
...only Buddhist nations that are consumed by the occult. In the past, leaders in indonesia, the world's largest Muslim country, have been known to consult javanese mystics who mix islam, hinduism and animist beliefs. But the most occult obsessed nation in the region is easily Burma. Former dictator Ne Win was so consumed by numerology that in 1987 he demonetized all bank notes and reissued ones only with the number nine or divisible by the number nine. That was his lucky number, but it proved less auspicious for the millions who had their savings wiped out in the move...