Word: profitably
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...doubt UPS shareholders are relieved after two of the hardest years in the 102-year-old firm's history. Indeed, only four months ago, the $45 billion company disclosed a 43% drop in third-quarter profit, and 2008 likewise saw staff reductions, shuttered facilities and deep cost controls...
...real growth engine will probably be its international business, which saw double-digit profit growth last year. Overseas, UPS networks include exclusive ground service throughout Europe. In Asia, it has acquired regional carriers, opened an air hub in Shanghai and broken ground on another in Shenzhen, China. "FedEx and DHL have dominated Asia so far," says David Ross, an analyst for Stifel Nicolaus. "But FedEx isn't as strong in Europe, and DHL doesn't do the U.S. UPS doesn't have those gaps...
...City, Mo. The problems were resolved, according to a Ford spokeswoman. But union members say the tension remains. Ford workers also protested plans to give merit-pay increases (which go against the collective-bargaining ethos). Instead, Ford agreed that workers would receive a share of the company's 2009 profits. The payments average $250 per employee for each of Ford's 41,000 workers. A year ago, the union might have been willing to discuss dropping the profit-sharing to protect jobs, but this time it stuck to the letter of the contract...
Paulson responded that while editing his memoir—“On the Brink: Inside the Race to Stop the Collapse of the Global Financial System”—he had changed the word “greed” to “profit motive.” According to Paulson, this desire for profit would not dissipate, which is why regulatory systems are necessary...
Among those best placed to profit from the recovery - and from Dubai's mistakes - is Qatar. While Europe and the U.S. are still struggling for growth, it's almost business as usual in Doha, the capital. Just ask Kevin Lamb, assistant dean of Carnegie Mellon Qatar. Located in Education City, a gleaming new complex under construction on the outskirts of the capital, his school is one of six American universities that have set up shop in the country over the past few years. Thanks to the deep pockets of the Qatari government, Lamb has more space in the college...