Word: profits
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...tend to fall over and we're sick of it," said former All Black great Frank Bunce on the eve of the sixth World Cup, which began on Sept. 7 and climaxes at Paris' Stade de France on Oct. 20. The World Cup is the big profit-turning event (the previous one made $37 million for hosts Australia) for a game that was played for love until turning professional in 1995. Since that time, players have grown not only richer but a whole lot bigger and faster. While that may sound like progress, the game has suffered, with creativity giving...
...Nokia has big hopes for Ovi against iTunes. "I've never participated in a competition where I finish number two," says Vanjoki. It also hopes Ovi helps it to sell more higher-profit higher end phones, although Nokia will eventually need a touch screen phone to match Apple...
...foreclosures skyrocket, a growing number of investors are becoming enamored with the idea of buying up distressed properties, doing a little rehab, and then putting the homes back on the market to turn a tidy, double-digit profit. "We call them wannabe investors," says Rob Munn, who has been buying and selling foreclosures for eight years in Tennessee and Florida. "They watch Flip This House, and think, 'I can do that...
...motorcycles, shoes and televisions. This year, a $1 billion industrial park funded by some 40 Chinese businesses is set to open near the South China Sea, providing jobs for tens of thousands of Vietnamese. Like the rest of the country, the delta has a booming young population that is profiting from Vietnam's economic reforms. For this striving generation, their homeland's historic enmity with China is all ancient stuff. Do Quang Tranh speaks of how magnificent imported Chinese products are, describing in wonderment the "beauty of Chinese-made bricks." If he had his wish, this farmer would trade...
...delays (costing an additional $3 billion) of the A380 have wiped out the lead it had on Boeing. Total orders so far this year show Boeing with 701, 13 more than Airbus. In the weeks following the highly publicized 787 rollout on July 8, Boeing posted its largest quarterly profit in nearly four years, at $1.1 billion. And for the first time, its commercial-airplane unit earned more than its defense side; half-year revenues increased 15%, to $16.3 billion, with a 13% increase on airplane deliveries over 2006. (Defense revenues increased 5%, to $15.7 billion.) Boeing's backlog...