Word: outlook
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...Pernod Ricard's size at a stroke and added such brands as Beefeater gin, Ballantine's whisky and Mumm sparkling wines to the company's drinks cabinet. But the debt was speedily reduced to manageable levels, allowing Pernod Ricard to hit the M&A trail again. The changed economic outlook in the U.S.--the world's largest and most lucrative drinks market and Absolut's biggest--will surely make debt reduction tougher this time around. But what really matters for Pernod Ricard is that it has filled a gaping hole in its portfolio with an iconic vodka brand...
...That outlook is a departure for many firms. "People used to think HR was just a cost center and not a source of value creation," says Alex Edmans, a finance professor at University of Pennsylvania's Wharton School who has studied engagement. In one paper, Edmans looked at Fortune's list of the 100 Best Companies to Work For and found that those firms' stock price from 1998 to 2005 rose an average 14% per year, as compared with 6% for the market overall. Edmans considers that pretty strong evidence. But there is always a chance that something else...
...truly international audience. Astatke does not seek to establish an isolated, strictly Ethiopian niche within the arts community, focusing instead on “finding out the Ethiopian contributions” to international art and music. His desire to explore a broad spectrum of hybrid culture typifies the outlook of the second generation. “I don’t think that an exploration of identity is just about understanding [Ethiopian] stories,” Rebecca Haile said in her keynote speech. “It’s not in our interest to be isolated...
...Harvard and in Boston has been very supportive, the members of Mariachi Veritas, who have struggled to receive funding from the Office of the Arts in the past, hope to gain greater recognition on campus for their contributions to music and culture at Harvard. Mariachi Veritas has a positive outlook for the future. They have been recording recently and hope to release their first CD at the end of the semester. “We’ve had a really good year this year and although a lot of people are graduating, momentum will continue,” Yapp...
...leader before him, French President Nicolas Sarkozy seems to work better abroad than at home. Just days after another brilliant performance on the international stage reversed Sarkozy's dizzying approval rating plunge, a new spate of domestic woes risk dragging him down anew. Plagued by a dismal macro-economic outlook that his highly-touted policies and reforms have failed to set right, Sarkozy this week was also tormented by the spectacle of his own cabinet engaging in a nasty public spat. As a result, voters across France are beginning to wonder who they can actually look to for effective leadership...