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Barry Diller, who has been in the media industry as long as almost any man alive, said the online display advertising at his company, IACI (IACI), might be down as much as 50% this month. Disney (DIS) reported that its interactive business lost money in the final quarter of last year. The head of advertising sales at TIME Warner's (TWX) AOL internet unit was replaced, probably a reasonable sign that revenue is under-performing there...
...sized city in China - but a fitting host of the climate change summit. Denmark has thrived while emphasizing clean energy and cutting carbon emissions - between 1980 and 2004, the country's GDP rose 56% while CO2 emissions dropped 35% - and thanks to smart policies and investment, more than a quarter of Denmark's electricity now comes from renewable sources. Danish companies also punch well above their weight in the growing wind turbine industry. To drum up global support for the summit, Hedegaard can easily make the case that the economy doesn't have to come before the environment - even during...
...Understanding the facts at hand is important. The score at halftime was 59-0, and by the end of the third quarter, Covenant was up 88-0. While Covenant Coach Micah Grimes—who was fired the week after the game—was obviously not an example or promoter of healthy competition and good sportsmanship, a man who saw no problem with the “wide” margin of victory, neither he, nor the scheduling of this lopsided match-up, should be seen as the main problem in this event. It was the players...
...reduce output even more as sales in the U.S. market, where the company generates half its earnings, continue to plummet. In the last three months of 2008, the U.S. economy shrank at its fastest rate in 26 years; consumer spending fell 3.5% after dropping 3.8% in the third quarter...
...Looking at Japan Inc. as a whole, BNP Paribas' Shiraishi expects production levels to hit bottom in the second quarter of this year, and says some recovery might be seen in the second half of this year. Shiraishi adds that manufacturers could start growing again around 2012, when a wave of Japan's baby boomers will reach age 65 and begin to spend their nest eggs. "They've been saving a lot to prepare for their retirement," says Shiraishi. "That could be a stabilizing factor for Japan." One catch, he says: they probably won't buy more cars...