Word: marketeers
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...game. The CEO told the crowd, "It is incumbent upon all of us, especially those of us whose performance has left us in a strengthened leadership position, to help our industry find a new balance between our desire for economic growth and our need for market stability...
Rick Takach, president of Vesta Hospitality, who recently spent $200,000 renovating a Holiday Inn in Lincoln, Neb., says he's grabbed market share every month since the April debut. The Washington-based owner, whose 11-hotel portfolio also includes Hiltons and a Marriott, has a happier staff, and the relaunch has given him a shot at recapturing lost clients...
...this food-obsessed city where the collision of Western and Chinese cuisines has created finely attuned tastes, trying to enter the fast-food market can be risky. Long before corporate chains began setting up shop, Hongkongers could find a quick meal at local cha chaan teng, or tea cafés, serving soup with noodles and meat, or storefront street vendors selling shao mai, or dumplings, and fish balls - spongy fried balls the size of jawbreakers that are made from minced fish and dough...
...this is not to deemphasize the importance of modern medicine. There are certainly drugs and treatments on the market that continue to significantly improve upon the placebo effect—but equally important is the perception and the culture of health care...
...HSBC, though, is also responding to the realities of its balance sheet. Its forays West have proved to be, at best, a mixed success, especially its business in the U.S. HSBC dove into the U.S. subprime mortgage and consumer credit market, mainly through its 2003 purchase of consumer finance firm Household International. That decision proved disastrous. For the 18 months ending in June, HSBC's U.S. personal-financial-services business posted pretax losses of $20 billion. In March, HSBC announced its consumer-finance operation wouldn't issue any more loans and would begin winding down its business (except for credit...