Word: petered
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...going to launch it. When virtually the entire eight-member board?and not, as earlier reports had it, just the outside directors?balked, Fu had to back off. That allowed Chevron to make the first bid, and forced CNOOC to play catch-up all summer. Meanwhile, Chevron vice-chairman Peter Robertson, who had given a fawning speech in Beijing about his company's great "faith in China" last October (not surprisingly, given the company's extensive business ties to China), turned around and complained publicly about the Chinese government subsidizing CNOOC...
...design sportswear. But Nike is aggressively challenging Adidas on its home turf of European soccer. It has signed up more than 40 clubs, including Manchester United and Barcelona. With its move to acquire Reebok, Adidas hopes to show that the athletic shoe is on the other foot. - By Peter Gumbel Oiling Russia's Markets Foreign and Russian traders experienced a bout of seemingly rational exuberance last week, as the long-stagnant Russian stock market started climbing steadily. The benchmark Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX) indexes rose from 782.4 and 702.3 respectively last Monday...
Bells and whistles aren't enough. "People will pay for products they understand the benefits to," says Peter Greene, an analyst with the NPD Group. The most successful new products are "consumer driven, not engineering driven," he says. Their benefits are obvious: whisper-quiet dishwashers or space-saving stackable washer-dryers rather than just machines with more powerful motors. That trend affects every consumer product, he says. Look at MP3 players. Before the iPod, they competed on how much memory they had. Apple figured out that the experience of the gadget mattered more and killed the category...
...This has happened before,? says one long-time veteran of the Herald newsroom. ?There's been no policy on this. The couple of instances that it has happened before it was between you and your editor. You get slapped on the hand and nobody needs to know about it.? Peter Wallsten, a former Miami Herald political correspondent who now reports on the White House for the Los Angeles Times has created a website for journalists to sign a petition supporting DeFede. Says Wallsten: ?It strikes me that the industry has been really rattled lately with a lot of scandals...
...Administration's stance that it would not deal directly with Pyongyang. Previous talks were marked by bellicose rhetoric from the North, but Hill described the current bilateral discussions as "businesslike." Considering the high stakes involved, "neither Pyongyang nor Washington want to be blamed for having things break down," says Peter Beck, Seoul-based head of the International Crisis Group, an independent think tank. "There is incentive for both sides to at least feign wanting to talk...