Word: profit
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Wendy Walsh's seventh-graders at Gillespie Middle School in North Philadelphia have something in common with investors in the for-profit education company Edison Schools. Both fear that Edison, the nation's largest private operator of public schools, may be failing them. "The children ask me what's going on," Walsh says, "and I don't know what to tell them. We're all facing the great unknown...
Though Harvard Yearbook Publications (HYP) is a not-for-profit organization and receives no funding from the University, members of these organizations said they will deliver a letter to Dean of the College Harry R. Lewis ’68 tomorrow requesting that a supplement to the yearbook be published...
Salomon and other big brokerages profited nicely from this approach during the '90s boom, when a rising tide lifted all kinds of leaky stocks. Investment-banking divisions became huge profit centers for brokerage firms, which in addition to garnering lucrative advisory fees made 20 times as much in commissions on IPOs as they did on simple stock trades. Companies choosing which brokerage firm would handle their new stock issues increasingly went with those that had a star analyst willing to recommend their stock...
...good news is that investors have shown they are willing to overlook the bad climate when specific company fundamentals improve. Last week tech giant Cisco reported a quarterly profit that was 1[cent] a share better than expected--and the market soared for a day. Especially encouraging were Cisco's wider profit margin and depleted inventory. But it will take a drumbeat of such news to turn around negative market psychology...
...tiny site with zero marketing has dished out $20,344 in patronage from 3,049 donors. That's not nearly enough to turn a profit, but in principle the business model works because Fairtunes holds the cash for four months and takes the interest as a transaction fee. Goyer says older users (over, say, 30) take to the idea faster; they recognize it as an honor system, whereas the younger ones often feel entitled to free music. The guilt factor is more likely to work if users see links to the site while they are enjoying their purloined tunes...