Word: one-third
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...One reason Indian companies are doing so well in America: they have learned to exploit U.S. patent laws that two decades ago were amended to allow for the sale of generic pharmaceutical products. In the mid-1990s, Indian companies searching for overseas revenue streams began pushing into the U.S., where chronically high prices for prescription drugs created a ready market for generics. Dr. Reddy's, for example, now generates one-third of its sales in the U.S. Though domestic sales for Indian drugmakers as a whole are growing at less than 10% a year, their exports soared by 20% last...
...carb candies. Says Gerry Morrison, president of Carbolite Foods in Evansville, Ind.: "This trend has expanded from die-hard low-carbers to a general population that is becoming much more carb-conscious." Indeed, in all-you-can-eat America, where 64% of the population is overweight, fully one-third of adults who say they are concerned about their girth have tried cutting carbs, reports Natural Marketing Institute, a consulting firm in Harleysville...
...continue, and others don't have a new generation willing to take over," he says. Here comes the great German beer shakeout. At last count, the country had 1,279 breweries, or nearly 75% of all those in the E.U. But Sailer estimates, based on conversations with peers, that one-third of those in his home state, Bavaria, only manage to crank out beer because they subsidize production costs with income from their real-estate holdings. He's managed to survive by repositioning Traunstein as a trendy regional "premium" brew, and by partnering with several tiny brew-pubs. For most...
Another sign of the floundering economy: just over one-third of teenagers will find summer jobs this year, the worst showing since 1965, according to Northeastern University's Center for Labor Market Studies. With unemployment so prevalent, high school kids are facing more competition from college students and adult workers for those spots at the fast-food joint. Here's an update on some of the traditional--and less traditional--ways high schoolers make money in the summer. --By Maggie Shnayerson...
...looking for unusual ways to say I do. It used to be that marrying away from home meant sneaking off to elope. Not anymore. So-called destination weddings have long been popular with adventurous Americans and Japanese couples seeking alternatives to expensive ceremonies at home. Today, an estimated one-third of U.S. couples combine wedding and honeymoon into one big getaway - or "weddingmoon" - usually with friends and relatives in tow. But destination weddings are growing in popularity among Europeans, thanks to some of the same factors that have fueled the trend in the U.S. As the marriage age increases, older...