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...Carp is now well into the monumental task of dragging the iconic American company that invented consumer photography more than a century ago into the fast-moving, low-margin world of the digital era. He has little choice. As digital cameras have grown in popularity, Kodak's profitable film business has gone into free fall. Not the first Kodak CEO to try to refocus the company on the digital future, Carp is clearly taking the biggest risks. He put his marker down 16 months ago when he announced that Kodak would cut dividends, slash investments in its film business...

Author: /time Magazine | Title: Getting Kodak To Focus | 2/7/2005 | See Source »

...digital sales and services. Yet there remain ample reasons for doubt. For one thing, Carp has promised a pretty picture: $16 billion in revenues by 2006, up from $13.5 billion last year, with more than half of that coming from its digital endeavors. He also says the company's profit margin will drop from roughly 40% to 30%--and no further--and serve up $3 in earnings per share, vs. last year's operational EPS of $2.62. To longtime Kodak watchers, this optimism smacks of old times: Kodak trumpeted its digital aspirations nine years ago--and failed to deliver, unable...

Author: /time Magazine | Title: Getting Kodak To Focus | 2/7/2005 | See Source »

...bruising standards of this market, the rapid-fire sale of 12 billion euros' worth of European government bonds by a group of mainly London-based Citigroup traders last August was a shocker. Prices tumbled, and Citigroup promptly bought back 4 billion euros' worth of bonds for a tidy profit. Citigroup, the world's largest financial...

Author: /time Magazine | Title: Bizwatch | 2/6/2005 | See Source »

...prospect of extending its reach, Dillon suggests it's all about the name; SBC would be "crazy" if it dropped the AT&T brand from international services, he says. SBC, meanwhile, hasn't ruled out keeping it. Now that's showing respect for your elders. - By Adam Smith Profits By The Barrel Royal Dutch/Shell announced a 2004 profit of $18.5 billion, the highest ever for a British-listed company. That followed similarly upbeat earnings from ChevronTexaco and ExxonMobil, although in all three cases company stock barely moved on the day earnings were released; in Shell's case, its announcement also...

Author: /time Magazine | Title: Bizwatch | 2/6/2005 | See Source »

...last December, Airbus abruptly shifted and said it would build a derivative plane called the A350. Boeing spins the A350 as a sign of lost confidence in the A380. In an interview last month, Boeing's Stonecipher pointed to another European government-backed plane that never made a profit and has been grounded. "The A380 is a great engineering success, but so was the Concorde. The A380 could be a market disaster," he said. Analyst Richard Aboulafia of Virginia's Teal Group agrees: "Airbus bet wrong on the A380, and the 787 is a major competitive threat...

Author: /time Magazine | Title: Aviation: Battle for the Sky | 2/6/2005 | See Source »

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