Word: profit
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Enron collapsed when the labyrinthine network of subsidiaries and partnerships that it used to hide its losses and inflate profit reports unraveled. Though these practices are not unheard of in the corporate world, Enron appears to have taken them to a whole new level, and eventually its hidden losses caught up with...
...producers of meats, citrus and nuts. Sunkist shipped 350,000 cartons of oranges, grapefruit and lemons directly to Shanghai and Dalian last year--an amount expected to double this year--and recently started a multimedia Chinese marketing campaign. Farm-product traders such as ADM, Bunge and Cargill should also profit by being allowed to set up import and distribution companies...
...beginning to firm," and thus giving the recovery, however nascent it may be, the imprimatur of the Federal Reserve. Techs like chips and cell phones are percolating again. And with Amazon.com, one of the first (and one of the last) of the great dot-coms, finally notching a quarterly profit Tuesday the old-fashioned way - dollar by hardscrabble dollar - and the New Economy may have a second spiritual wind and a resurrected flag...
After leaving his position as Harvard’s 26th president in July, Rudenstine became head of the advisory group for ArtSTOR, an independent, not-for-profit organization sponsored by the Mellon Foundation. There, he leads efforts to develop, store and distribute electronically digital images and related scholarly materials for the study of art, architecture and other fields in the humanities...
Still, the test of Lutz's magic will not come until these cars hit the road in several years. Meantime, the company faces daunting challenges. One is a testy relationship with the autoworkers' union. Another is that despite a hefty profit margin on trucks, GM's overall global operating margins last year were a paltry 1%, to Toyota's 7%, according to Morgan Stanley's Girsky. Today's weak yen worsens that situation by boosting Japan's dollar profits even further. GM's vast overseas operations, with the exception of its joint venture in China, remain a disparate amalgam...