Word: profit
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...website that handles Movie88's credit-card transactions, TIME was able to track down a man who calls himself S.E. Tan, who claims to have started the site to force Hollywood to distribute movies worldwide via the Net. "The main reason this content is held back is because of profit," says Tan. Hollywood's desire to protect movies from hackers is why Britney Spears' new opus, for example, isn't online today. Greed, he says, is standing in the way of progress. "Someone has to do something. We had to start the ball rolling...
Apparently nothing is too sacred for Davis in her endless quest for publicity, not even her father's fragile condition. She was quite happy to profit by writing self-pitying accounts of her childhood when President Reagan was in the public eye and she could churn up interest from the media. Now, at a time when he is losing his battle with Alzheimer's, Davis has reinvented herself as the caring daughter, using trite images plucked from some sentimental novel. Next she will be wangling television appearances as an Alzheimer's-patient caregiver. ANNE CAMERON Glendale, Calif...
Will enough Japanese consumers take to banks with baristas in place of tellers? The early results are encouraging. For the six months ending Sept. 30, Shinsei reported a profit of $275 million. And the bank is reported to be preparing to sell its stock to the public in an ipo. "We were pessimistic last spring," says Nana Otsuki, an analyst for Standard & Poor's, "but Shinsei has surprised...
...hits, relying for sales revenue on the albums of enka queen Hibari Misora--who died in 1989. Nippon Columbia owned Denon, an audio-equipment maker, and odd assets such as real estate and golf memberships. The staff was bloated, the headquarters stuffy, and the company had not turned a profit in 10 years...
Soon "to Xerox" may mean more than just "to photocopy." Late last month the company declared an operating profit for the first time in five quarters. Although that translates to a $4 million loss in bottom-line earnings, it marks an improvement from the $20 million lost in the fourth quarter of 2000--and from the bankruptcy rumors heard just two years ago. Mulcahy, 49, who became chairman Jan. 1, has presided over the asset sales, cost cutting and outsourcing of production that have brought Xerox closer to profitability. A government investigation into its accounting is ongoing, but with...