Word: newarkers
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...arrived in Newark, N.J., for his studies in 1985 with just $27 in his pocket, is worth more than $180 million today. UTStarcom, listed on NASDAQ, has a market cap of more than $3 billion and reported $330 million in revenue in the first quarter of 2003; China accounted for about 84% of that revenue. With more than 225 million users, China is the world's largest cell-phone market. Yet there are millions more who would like to use cell phones but can't afford them. "The highest-earning 20% of Chinese are going to buy mobile phones...
...really interesting part, though, is how relatively few of the people who make these wisecracks have ever actually been to New Jersey. Or, if they have, it’s usually just been during a brief trip past the factories on the traffic-jammed Turnpike, or past Newark Airport—not exactly the state’s best face for visitors...
...former securities prosecutor and now managing partner at the law firm Clifford Chance in New York City. While unusual, this charge connects the case to something more than a single stock trade. "It's not just about Martha Stewart's personal fortune," says Robert Mintz of McCarter & English in Newark, N.J. "It's about manipulating the marketplace." The fraud charge also increases the potential prison time; the maximum sentence is 10 years, twice that of the other charges...
...service. Indigo and an unprecedented transatlantic Boeing Business Jet service offered by Germany's Lufthansa Airlines are aimed at executive travelers. Others, like JetBlue Airways and AirTran Airways, are profitably targeting bargain hunters. Some are even more offbeat: Want to fly among skimpily clad hostesses from Atlanta or Newark, N.J., for a golf weekend in Myrtle Beach, S.C.? Try Hooters Air. Feel the urge to disrobe once you're airborne? Fly Naked...
...international aviation industry is closely watching Lufthansa's new all-business-class service from Dusseldorf, Germany, to Newark (offered in partnership with PrivatAir), and some are even calling it the "new Concorde." The flight's VIP service and the absence of crying babies and scruffy backpackers have pleased the route's early passengers and encouraged the airline to expand service to Munich from Newark and schedule a Chicago-to-Dusseldorf flight starting in June. The carrier will not say whether the route is profitable, but it has been flying at a healthy 60% of capacity. Among U.S. business travelers, Indigo...