Word: profiteered
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...Analysts say the deal seems to fall short of a full merger. It appears that Porsche's car-making unit will not be sold to VW, but will retain some independence. And the rights issue will be dilutive to earnings because profit will be distributed among a larger number of shares. The uncertainty about the structure of the deal was fueled by comments from Bernd Osterloh, head of VW's works council, who said the two companies may not merge at all. (See pictures...
...planning to implement [a bike-sharing program]. I think it’s great to see Harvard taking similar action,” says Ellen M. McDonough ’09. But why bikes? David W. McCahill ’09, who works for Quad Bikes, a non-profit bicycle shop that seeks to raise the consciousness of the Harvard community about bike riding, was responsible for constructing the VeriFast bikes. “It’s great because its recycling at its purest form, you take stuff that’s been abandoned and make it useful...
...already known Shah for some time and is now acting as his mentor.However, Nagaraj does say that the Web site may change direction. “What Jason and I have been struggling with is, should this remain a social enterprise or should it become a for-profit enterprise?” he says. Although this decision is yet to be made, the current focus is to make small changes such as improving the site’s visual layout. Nonetheless, Shah’s mentors seem impressed with his current success, and it is likely that he will have...
...Obama hasn't done enough to significantly change the financial performance of J. Crew and Talbots," says Betty Chen, retail analyst at Wedbush Morgan Securities. J. Crew's same-store sales fell 13% in the fourth quarter of 2008. The company lost $13.5 million, compared with a $25 million profit in the fourth quarter of 2007. Talbots has updated its merchandise to fit its repositioning as a younger company. According to Chen, however, the company is too indebted to revamp its musty stores, a big hindrance to its turnaround plans. In an April research report, Brian Tunick, retail analyst...
...Africa. "There's a chain of services that depend on our industry." Lipman of the UNWTO agrees. "Tourism is a good development agent because poor countries don't have to manufacture it," he says. Developing nations already have their product - nature, culture, tradition - and all that's required to profit is a bit of investment in infrastructure and Internet marketing. "The market comes to these countries, then wanders around depositing foreign-exchange income wherever it's directed, including poor rural areas," Lipman says. That's a handsome return on investment for any country, developing or otherwise...