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...inventory and manufacturing infrastructure to levels more in line with demand. Overzealous production had left the company with millions of dollars' worth of unwanted stock by mid-2008. Some of the work was already under way: Crocs has shed 32% of jobs since 2007, shuttering factories, paring its distribution network and cutting its inventory in half over the past couple of years. That's helped nudge Crocs' stock close to $7, but for it "to move higher, [the company] ultimately needs to become profitable," says Mitch Kummetz, a senior research analyst at Wisconsin wealth-management firm Robert W. Baird...
...since the late 1980s and helmed Obama's rapid-response operation during his run. At the White House, she has become a devoted consumer of conservative-media reports and a fierce critic of Fox News, leading the Administration's effort to block officials, including Obama, from appearing on the network. "It's opinion journalism masquerading as news," Dunn says. "They are boosting their audience. But that doesn't mean we are going to sit back." Fox News's head of news, Michael Clemente, counters that the White House criticism unfairly conflates the network's reporters and its pundits, like Glenn...
...last fall and given the President's vows to lower the rhetorical temperature in Washington and not pay attention to cable hyperbole. Instead, the White House blog now issues regular denunciations of the Administration's critics, including a recent post that announced "Fox lies" and suggested that the cable network was unpatriotic for criticizing Obama's 2016 Olympics effort. (See pictures of Barack Obama's nation of hope...
...German intelligence, and he says fine, stopping only to ask MI5 if that's O.K. on the way! By monitoring the contacts he has to make with German intelligence, MI5 picks up a German agent they didn't know about and begin to roll up the entire German network...
...Kabul, killing 17 people and injuring over 80. The Afghan Taliban claimed responsibility for the blast. It was the second such attack on the embassy in as many years - last July, over 50 people were killed at the same spot in an attack mounted by the Pakistan-based Haqqani network. That attack prompted U.S. officials to present their Pakistani counterparts with evidence pointing to involvement in the attack by elements in Pakistan's intelligence services - a charge Islamabad heatedly denied. Indian officials lost no time Thursday in accusing Pakistan of involvement in the latest attack. See pictures of a jihadi...