Word: profit
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...delays. As president of CSX Transportation, operator of 23,000 miles of rail in the Eastern U.S., Ward has steered the largest unit of CSX Corp. onto a steadier track by integrating assets purchased in 1999 and repairing rails that concerned regulators in 2000. CSX has just reported a profit of $65 million in the fourth quarter--up 20% over 2000, despite the recession...
Motor yachts and sailboats made by Beneteau have kept moving even through the low tide of recession. The 118-year-old family-run French boatmaker expects net profit to grow nearly 3%, past $50 million in fiscal 2002. That's attributable to more efficient production and design, a varied product line that sells even during tough times, and the leadership of Roux, 59, who has kept Beneteau on course since she and her late brother took the helm...
...Sina.com, say teams must be given more autonomy if China is to kick-start the high-voltage basketball culture promoted by NBA franchises. "The best policy would be to give the clubs the rights to earn money, then if they don't have the professional sense to earn a profit, they shouldn't even belong to the league," says Tu. "Sports should definitely be market-oriented and market-driven," says Chiang. "The less government intervention the better...
...into local culture when it launched its phenomenally successful i-mode mobile Internet service, now used by some 30 million Japanese. I-mode's success turned DoCoMo into a global telecommunications role model, a ringing example of how to hook customers on a new technology and turn a fat profit as well...
...protect its lead, DoCoMo has been forced to spend more in sales commissions and handset subsidies, narrowing profit margins. Compounding the com-pany's problems is a disturbing dip in the all-important average revenue per user, called the ARPU in industry lingo. Thanks in part to i-mode, Japan's cell-phone users spend more on wireless services than their counterparts elsewhere in the world?about $63 per month compared with $53 in the U.S., for example. But recession-weary Japanese are cutting back on spending by going without or substituting cheaper wireless e-mail for expensive voice calls...