Word: retailing
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...says its microfridge is allowed in dorm rooms because of the low wattage it draws from electrical circuits, making it less of a fire hazard. But that’s not true. For one, other microwave ovens run on lower wattage than HSA’s and retail for about a third the price of HSA’s device. Second, the real obstacle to having cooking appliances in dorm rooms is not the city fire code but the state sanitary code, which expressly forbids cooking appliances of any kind in dorm rooms. HSA was never exempted from these regulations...
...stock have been showered on CEOs who sent investment-banking business to Citi. Spitzer is still digging for dirt, so any deal may be several weeks away. But the whole episode signaled a thaw in Weill's ice-age thinking. Playing to fat cats at the expense of retail investors was no longer defensible. Almost overnight, what had been de rigueur was deplored, and Weill's giant firm had been singled out as the poster child for big bad banks...
...Hong Kong economy, already buffeted by high unemployment, flagging retail sales and chronic deflation, is suffering another blow: an influx of money too ugly to spend. The territory's monetary authority last month released into circulation a revamped $10 bill that, instead of inspiring confidence in the territory's financial underpinnings, reminds people of a discount coupon for laundry detergent. "It looks juvenile," says local merchant Jeremy Chia of the garish pink and purple banknote. Part of the problem is the inclusion of numerous anti-counterfeiting features, including embossed text and a watermarked bauhinia flower. "The abundance of security features...
...address systemic abuses in the way lucrative initial public offerings (IPOs) of stock have been showered on ceos who sent investment-banking business to Citi. Spitzer is still digging for dirt, so any deal may be several weeks away. But playing to fat cats at the expense of retail investors is no longer defensible. Weill, says a longtime friend, has become "horrified and embarrassed" by the mud-spattered image of Citi, which stands accused of unethical and illegal behavior on multiple fronts. Among the alleged transgressions: doling out shares of hot IPO shares to WorldCom executives in a bribe-like...
...under management for institu-tional, retail and private clients; investment hubs in London and Frankfurt...