Word: profiteer
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There's also plenty of action in the retail-technology department. New point-of-sale software at both chains has helped them keep the optimal mix of inventory on store racks, according to Citigroup's Weinswig. "It's increased profit margins and made them more efficient," she says. Specifically, Penney will have installed 35,000 new devices at checkout counters by the end of the year...
...backbone, but the Weinstein Co. is positioned more as a diversified boutique media company encompassing home video, cable television, Broadway theater, book publishing, video games and, of course, the Internet. With dozens of projects under way, the Weinsteins estimate that they'll break even next year, turn a profit in 2008 and probably launch an IPO by the decade...
Politicians in Washington may be looking for a way to back out of trouble spots like the Middle East, but U.S. airlines are increasingly looking for a way in. A viciously competitive domestic market is sending some major airlines abroad to find healthier profit margins on international routes--anywhere but in the U.S., where low-cost carriers and high fuel prices are killing their bottom lines...
AARP is also energizing its highly profitable royalty business, AARP Services Inc. It's a separate for-profit entity that arranges licensing and endorsement deals, renting the AARP name (and discount) on everything from rental cars to medication. AARP Services also provides health insurance with partner United Healthcare. Novelli says AARP Services is "the fuel that runs the jet engine...
...also unfair because it was sprung on student groups without advance notice. Unlike some subunits of FAS, many student groups can become independent, tax-exempt non-profit organizations, and might have already taken the opportunity to do so if they knew that their donations would be taxed. Before applying a tax, the University should have notified student groups so they could consider how to respond...