Word: profitably
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...born in Brazil of Lebanese parents and educated in France--was dispatched by Renault to rescue its stake in NISSAN. Ghosn, 47, briskly closed plants, shed workers, hired stylish new auto designers--and took the company from a $5.6 billion loss in 2000 to this year's $2.5 billion profit. Ghosn's methods are openly copied, the story of Nissan's revival is a best seller in Japan, and Ghosn was named that country's "Father of the Year...
...Levin, 62, have shown a unity of purpose at odds with the B-school case studies. It helps that they share a vision: subscriptions. Add up AOL, cable TV and magazines, and they have 137 million people mailing in payments. This year the duo clung for too long to profit promises they couldn't keep. But as they direct Warner Bros., CNN and the Time Inc. magazines, Case and Levin wield unrivaled influence on global culture...
...steel industry's problems are roughly the same as they were at the turn of the century when Carnegie Steel, Federal Steel and eight other steel companies formed the behemoth U.S. Steel: Excess capacity, slumping prices and profit margins squeezed by too much competition. (The pension problem came later.) That merger helped, but debt-ridden, none-too-efficient U.S. Steel steadily shed market share over the next century - especially to an explosion of foreign competitors after WWII - and today produces only marginally more steel than...
...which is why some on Wall Street are beginning to wonder if the indexes aren't now going to develop a fear of heights now that they've gotten off on a floor the Dow hasn't seen since Sept. 5 and the NASDAQ since Aug. 7. Expect some profit-taking Thursday, for starters. And Friday, the Wall Street that may be starting to take consumer spending for granted will have to endure another (likely garish) rise in the unemployment rate for November - a number which, despite its irrelevance to actual economic progress, can scare the heck out of consumers...
...main result of the conflict is a bill sponsored by Rep. Rachel Kaprielian (D-Watertown) that would allow a city to collect property taxes when a non-profit purchases more than 2.5 percent of the tax base. The bill would discourage the founding of large charitable institutions in Massachusetts or the expansion of old ones, and all in all it’s a terrible idea. What the state government should be considering instead is a bill that would reimburse municipalities for the losses that large tax-exempt institutions create. That way, the reward for charitable work is preserved without...