Word: profiteered
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...Google needs to focus on its core businesses like search, mail and Web-based applications, instead of pouring endless resources into experimental projects that never turn a profit (such as its ill-fated virtual world Lively, which will close at the end of month). "If they could fix their expense management, surely they could fix their product development as well. Google has a very poor product-development process," says Lindsay, who criticizes the firm for letting good products languish while encouraging engineers to tackle newer and more exciting projects instead. For example, its Chrome browser got positive reviews when...
Iskenderian: The trend that is most shaping the industry today is undoubtedly commercialization, as microfinance is increasingly seen as a distinct asset class and a profitable business opportunity. The numbers are truly staggering. In 2006, over $2 billion in commercial capital poured into the microfinance industry. In 2007, this investment was over $3 billion. At the same time, MFIs themselves are increasingly transforming from non-profit organizations to regulated, for-profit institutions. They are doing so even as many microfinance institutions still rely on a guy keeping a big book with a ledger rather than a computer system. But there...
...days, $750 million was enough to develop a new Cadillac Escalade that would return a variable profit of $10,000 a vehicle. No more. For a restructured GM, the opportunities to produce a return on investment will be a lot more challenging than in the past...
...above,’ when all these problems go away if we use energy in a money-saving way.” Comparing present models of the U.S.’s oil and electricity consumption to his own theoretical ones, Lovins’ presentation, “Profitable Solutions to Climate, Oil, and Proliferation,” focused on reducing costs as a means to help the environment. Certain companies, driven by opportunities for increased profit, have shown that cutting back CO2 emissions is possible, he said. IBM and STMicroelectronics were able to cut their emissions by 6 percent...
...appreciating renminbi (RMB) currency - which makes Chinese goods more expensive in key export markets like the U.S. - as well as higher costs embedded in a new labor law enacted last year were already wreaking havoc with companies that survived even in the best of times on the thinnest of profit margins. Now, with a global recession gathering pace, the best of times are gone, and the pain in what had been booming areas in southern China is spreading quickly. Fully half of China's toy exporters, which sent nearly $8 billion worth of Barbies and Thomas the Tank Engines...