Word: makers
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Banks have cut off or pared back an estimated $1 trillion in credit lines since the peak of the credit boom, according to the now famously bearish analyst Meredith Whitney (who accurately predicted Citigroup's meltdown back in 2007). Moreover, according to a study from the maker of the all-important FICO credit score, recent cutbacks have hit twice as many of the most financially responsible consumers--those with a median credit score of 770--as those with crummy credit. "These people have done everything right," says Greg McBride, senior financial analyst with Bankrate.com "and now some arbitrary decision could...
...Marchionne is to succeed, he needs above all to reposition Chrysler from maker of clunky, overpowered gas-guzzlers to purveyor of must-own, energy-efficient vehicles. "The challenge for Fiat Chrysler is to move away from popular products and into 'pop' products, full of cool environmental technology and on the right side of history," says Carlo Alberto Carnevale, a professor of strategic management at Bocconi University's business school in Milan and a close watcher of Fiat. "In that sense, it's the same bet as Steve Jobs'. That's why Marchionne uses that metaphor...
...Selling computers is a tough business at the best of times. These are the worst of times - global computer sales slumped nearly 7% in the first quarter of 2009. But PC maker Acer has bucked the trend. According to research firm IDC, Acer's PC shipments rose 10% in the first quarter of 2009 from the same period a year earlier, lifting Acer's global market share to 11.9%, up from 10.1% the year before. In notebook computers - Acer's speciality - the company claimed 17% of the world market in the first quarter, enough to make it the world...
...market for instruments worth less than $100,000 has indeed weakened somewhat, agrees Gael Francais, a violin maker and dealer based in New York City whose family has been in the violin-making business since the 18th century. Francais and Margolis say the recession has limited the capital available to musicians shopping for tools of their trade. (Watch Jeremy Caplan's duet with...
...certain amount of hesitation some people have to trying to understand what they're consuming, whether it's ice cream or whiskey. By personalizing it in a way that is atypical of how most reviewers describe whiskey, I think it's more approachable. So when I say Maker's Mark is like the genius who decided to become an auto mechanic for the rest of his life, I think people understand what that means, rather than saying, "It has hints of vanilla with undertones of molasses...