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...made millions figuring out how to profit from other companies' excess goods, and now the CEO of Overstock.com has set his sights on making sure public schools spend their money wisely. Appalled by bloated administrative and bureaucratic expenses, Patrick Byrne is championing state initiatives that would require schools to spend 65% of their budgets on teachers' salaries and other classroom costs. The national average is 61.5%, and only four states--Maine, New York, Tennessee and Utah...
With some of its biggest rivals in disarray, Hyundai sees an opportunity to build on its progress overseas. Slammed by rising costs and slumping U.S. sales, General Motors recently shocked investors by reporting a $1.1 billion first-quarter loss, and Ford has downgraded its 2005 profit forecast. Chung is determined to keep the pressure on. He's moving Hyundai's product line into larger, higher-profit vehicles. In October, Hyundai unveiled a small sport-utility vehicle, the Tucson. Later this year the company will launch a new high-end sedan for the U.S. market, the Azera, and early...
...Shenzhen's Catalina lighting-fixtures factory, whose biggest customer is Wal-Mart, the managers are constantly struggling to meet the company's pricing demands and still turn a profit. Girls in pink jackets assemble and inspect parts for a little more than $100 a month. "Wal-Mart's requirements are very tight--on quality, ethical standards, production lead times. They've pushed us to achieve better in all ways," says Sng Lai Kee, who heads the factory. Catalina, he says, tries to stay ahead of Chiqui Cui's relentless price demands by coming up with more sophisticated designs for which...
When your life is briefly a front-page story, the window for profit can be narrow. These three newsmakers struck quickly...