Word: low-cost
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...Montblanc. Even before the Asian flu outbreak - which hits luxury goods by cutting business travel - the company warned profits would be down about 40% because of hard times. Analysts say Richemont hasn't yet instilled the financial discipline needed to weather the downturn. EUROPEAN AIRLINES: Except for some low-cost carriers, Europe's airlines have hit a wall. Passenger traffic was already down 10% since the war began. But SARS could have an even worse effect, said KLM's CEO Leo van Wijk, as the company reported a fresh 3% drop. British Airways took an even bigger hit, with total...
What should you do? Don't make any huge bets--do keep some cash on hand--but lighten up on bonds in favor of stocks. If you don't want to research individual stocks, invest in a low-cost, broad-based mutual fund like Vanguard Total Stock Market Index. For a more targeted approach, consider...
...been involved in international terrorism at least since 1995, when he and his nephew Ramzi Yousef--who organized the 1993 attack on the World Trade Center--planned to blow up a dozen airliners over the Pacific. Mohammed, says Gunaratna, "always thought big. His capacity to conceptualize, plan and implement low-cost, high-impact operations has been constantly underestimated by the international security and intelligence community. A large 9/11 operation is simply not possible now without...
...desperate times. Next week, 75-year-old Delta Airlines, which is losing money along with most other major airlines, will announce details of its own start-up airline called Song. Other major carriers have tried this tune before: US Airways and United started mini-airlines mainly to compete with low-cost king Southwest Airlines, but neither one is flying today...
...student leaders and its new director, Daniel R. Glickman, have indicated a desire to move beyond Harvard’s Ivy-covered walls. But as Glickman said, such a shift would likely redirect the IOP’s financial resources away from Harvard programs. And though some students brainstormed low-cost ideas, such as replicating certain IOP programs at other colleges, any oversight given to these off-campus programs would drain the IOP’s staff and attention...