Word: maker
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...plaid lumberjack shirts and brightly colored blankets. And that isn't likely to change, despite stiff competition from China, where textile quotas are about to be lifted. Although Levi's 501s, Fruit of the Loom briefs and Pillowtex pillows are no longer "Made in America," this Pacific Northwest apparel maker has found a way to continue weaving woolens here at home. Knowing it can't compete against overseas firms on low cost or mass scale, the private company has kept a foothold in the U.S. by producing limited runs of high-end, upscale fabrics for niche markets. "The work...
...seems like an astonishing triumph for a Chinese company: Lenovo, China's biggest computer maker, is buying the PC division of American icon IBM. Yet Lenovo's $1.75 billion purchase of the IBM division that makes the popular laptop and desktop machines is less an invasion of the West than an escape from the East. China's domestic market, although still booming, has become a competitive cauldron as foreign companies pour...
...trying to ease profit pressure at home through global acquisitions. Guangdong-based TCL last year bought the television arm (including the RCA brand) of French electronics giant Thomson. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. Says Arthur Kroeber, managing editor of the China Economic Quarterly, of the dealmaking: "It's not a silly gamble, but it is high risk...
When the pressure of running the world's biggest television maker weighs heavily on Li Dongsheng's shoulders, he reflects on his years in the muck. During China's Cultural Revolution, when Chairman Mao Zedong ordered high school graduates to learn from the peasantry, Li spent three years raising fish and rice. Today his company, TCL, based not far from the old commune in Guangdong province, is looking far beyond the paddies. The goal: to transform TCL into a worldwide household name. "When I hit problems along the way," says Li, 47, "I think, This is nothing like what...
...than whiskey, the G.O.P. choice. Party demographics help explain that difference: black men have appreciated cognac since the 1970s, even before Jay-Z embraced it, while whiskey has a long history in red states like Kentucky. Sure enough, at the G.O.P. Convention this year, the most requested drink was Maker's Mark whiskey. The Democratic winner was too close to call. "The Kahlúa White House Russian was a big favorite with the ladies, Courvoisier XO cognac with the men," says Dave Karraker of Allied Domecq, which supplied spirits for both conventions. "There were way fewer ladies at the Republican events...