Word: retailing
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Over the past few years, Singh has handed over much of the day-to-day running of DLF to his son Rajiv, 48, who studied engineering at Massachusetts Institute of Technology. Daughter Pia, 36, a Wharton economics graduate, runs the retail business. Older sister Renuka handles some international business. Singh says he plans to slowly step away from DLF to concentrate on his golf (handicap: 14), collect more art (DLF owns one of the biggest private collections in the country) and travel (he is the honorary consul general of Monaco and vacations in London...
...party may be ending for the nation's 13,000 check cashers. With retail banks facing stagnant revenue growth, they are vying for a foothold in what some call the "last frontier" of the domestic market. Over the past six years, Wells Fargo has opened 1 million accounts for Mexican nationals living in the U.S. by becoming the first bank to accept the Matricula Consular identification card that Mexican consulates in the U.S. began issuing after 9/11. A growing number of banks, including KeyBank and Union Bank of California, are also offering low-cost check cashing...
...Elvis edition of Reese's Peanut Butter Cups with "a specially formulated peanut butter and banana crème flavor." Presley-philes in a higher income bracket - Jay Leno's - will want one of the 30 Harley-Davidson bikes built as replicas of Elvis' 1957 Black FLH model (Retail price: $58,812; each comes with a painting and sculpture of the King). Tonight some lucky souls will attend the sold-out 30th Anniversary Concert at the FedExForum in Memphis, where giant-screen clips of the singing King will be accompanied live by his old musicians and back-up singers...
...them. Buyers typically wait days for their packages to arrive, and that lag time gets even longer if you're not home the moment the delivery person rings the doorbell. That may be part of the reason why online shopping, which currently accounts for just 5% of all retail sales in the U.S., is already beginning to stall...
Execs have reportedly had an eye on him since March. He may not have auto experience, but he managed to climb the ladder at GE and to streamline Home Depot's operations without ever having worked in retail...