Word: profits
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...sure, there's longer-term concern about Disney's profit machines, ESPN and the Pixar alliance that produced Nemo. ESPN growth may stall as cable operators balk at the 20% annual-fee increases that ESPN has charged over the past several years. Pixar, run by Apple's Steve Jobs, has little incentive to keep giving Disney a full 50% share of the profits from Pixar pictures, along with a distribution fee, in exchange for splitting the costs. Several entertainment companies are offering Pixar more favorable terms than Disney's old deal, and Jobs is said to be getting peeved...
...Account Closed France finally agreed on a $760 million settlement with U.S. prosecutors over the allegedly illegal purchase of failed insurer Executive Life by Crédit Lyonnais. Billionaire François Pinault - who made a big profit on the deal - will hand over $185 million but avoid prosecution...
...It’s a non-profit grassroots organization which supports U. N. causes,” UNAFF Founder and Stanford lecturer in Continuing Studies Jasmina Bojic said of the United Nations Association of the USA (UNA-USA), the organization from which her festival developed. She added that 176 chapters exist around the United States...
...firm is to break out of its deep slump. Wal-Mart and other big discount chains like Target have eroded the company's sales in recent years, and now it looks as if Wal-Mart is circling for the kill, escalating a price war that may eat up whatever profit margin Toys "R" Us has left. Despite rising consumer confidence and blistering U.S. economic growth of 8.2% in the third quarter, analysts expect sales at Toys "R" Us to drop from $7 billion in 2000 to $6.5 billion this year. And the company dealt investors a yuletide lump of coal...
Almost every big rap star has a line of clothes, but only Roc-A-Fella lifts its own drink. Tired of seeing liquors like Allied Domecq's Courvoisier profit from mentions in songs, Roc-A-Fella partnered with William Grant & Sons, a Scottish distiller, to release Armadale, a premium vodka, last January. Armadale has already produced a $700,000 profit as well as criticism of Dash for pushing liquor to kids. Dash sees a double standard. "We're not saying kids should drink it," he says. "We're saying, 'Hey, kids, you can start a business.' Is it a negative...