Word: profit
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...South Africa, which has only expropriated one farm, expects to transfer 30 percent of the farmland to black farmers by 2015. But this reform is not only too slow and too small, it is also plagued by white farmers who inflate the value of their land to make a profit...
...Future Network U.S.A., Simpson-Bint, 35, has engineered an impressive turnaround. In February 2001, Future shuttered six magazines, sold Business 2.0 to Time Inc. and cut staff from 500 to 100. Simpson-Bint then refocused on gaming titles, including Official Xbox Magazine, and the company turned its first profit in June. It plans a new series of how-to computing magazines this spring...
...Ventures, based in New York City, and IBM. The idea is to sell the kiosk for about $60,000 to retailers, resorts and cruise ships and then supply the machine's magic film-development dust as a consumable (on the model of companies that sell razors cheap and profit on the blades). All revenue from photo development goes into the retailer's pocket. Joel Paymer, co-owner of Camera Land, where a kiosk is being tested in New York City, gushes that "it's going to change the way consumers develop film forever." He says he's averaging about...
...Boston. In September a kiosk was shown at the Photokina trade fair in Cologne, Germany, and a test model is being rolled out this month at the department store Karstadt-Oberpollinger in Munich. Applied Science Fiction plans to begin mass production next year and hopes to turn a profit by mid-2004. Though some 23 million digital cameras will be sold this year--nearly double the amount in 2000--the company is confident that film won't expire anytime soon. By year-end, there will be more than a billion film cameras in use worldwide, whose owners will develop some...
...Wine Group, third largest wine company in the U.S., acquired Glen Ellen and M.G. Vallejo in May from Diageo, a beverage group based in London. Until then the Wine Group had relied on its Franzia wine-in-a-box brand, which sold in high volume but at a low profit margin. Diageo added Sterling Vineyards--a Napa property that is more upmarket than Glen Ellen or M.G. Vallejo--with its purchase of Seagrams this year...