Word: productivity
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...With its key product line in deep trouble, Ford had to take some dramaticaction to salvage the turnaround plan it laid out back in January, which included plans for eliminating as many as 30,000 jobs and 14 plants, Pipas says. Ford now plans to cut its total production in the fourth quarter by more than 21%. Almost half the cuts will be concentrated at four plants where the company builds pickup trucks, says Pipas."We know th is decision will have a dramatic impact on our employees, as well as our suppliers,"William Clay Ford, the company's chairman...
...Hiccups notwithstanding, I have to hand it to Logitech for unlocking the secret of managing other people's music. Though this product is currently for Windows PCs only, it answers the needs of many Internet-music buyers who want to access songs stored on their PCs, and stream them around the home. Sure, there are plenty of iPod docks and iPod solutions for this, but Logitech's DJ takes the iPod out of the equation, and adds flexibility in the process. It's a trick of simplicity that even Steve Jobs would be proud...
...meet the demands of this growing demographic of impatient and increasingly sophisticated Asians, private banks now offer a slew of new investment products. One of the most popular: so-called structured notes, which are complex derivatives that often pay a guaranteed minimum return like bonds, or pay above the minimum depending upon the performance of other asset classes, such as stock-market indexes or commodities. "The beauty of structured products is you can tailor them to clients' needs," says Gary Tiernan, head of product management for Deutsche Bank in Asia. It's a buoyant enough business that Deutsche...
...train stations and airports. But we've all been burned by machines that take and keep our money but fail to vend. Won't consumers be wary? Actually, Crowley insists, they can buy with more confidence. The network connection monitors the machines around the clock. It knows if a product's not delivered and automatically refunds the payment. Cyber-monitoring also lets vendors save money by better managing inventory. And it provides security, sending out instant alerts of any tampering or theft attempts. Still, given that Vodafone's machines are crammed with a range of cool mobiles, they also have...
...course, shrewd lawyering won't help Pfizer where it matters most: developing new medicines. Pfizer's biggest product, Lipitor, could lose its patent protection within four years. And Wall Street is losing patience with the pace of new-drug development. Pfizer's share price has slumped more than 30% since 2001. Former CEO McKinnell didn't help matters, appearing aloof to investor concerns while pocketing more than $140 million during his tenure, including a retirement package worth an estimated $83 million. Mending fences with shareholders will be critical for Kindler. They are, after all, paying his salary...