Word: retailing
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...Perk up your algorithms. The success of any online retail service depends in part on steering customers to products similar to the ones they've bought - guided browsing, so to speak. How does a company read your mind? Through computer algorithms, which sift through the universe of possibilities to determine that B, C and D would attract the interest of people who bought A. Amazon.com's algorithms result in some astute suggestions; Netflix's suck. If, on the search line, you type in the documentary Joe Louis: For All Time, you'll be directed to the French omnibus film Paris...
...part, Citigroup says its turnaround plan - which has effectively split the company in two - is working. And while Citi Holdings, in which Citi has stuck its mortgage loans, is still in bad shape, Citi officials say Citicorp, which the bank calls its "core" investment bank and its retail bank divisions, is on the mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares...
...says she noticed something odd: the pump was listed at $300 everywhere she looked. For five months, she held out for a discount. Nothing. Finally, a week before going into labor, Trzupek gave in and shelled out $300 for the pump at Babies "R" Us (BRU), the retail outlet that parent company Toys "R" Us started more than a decade ago. Result: satiated baby, smaller wallet. (See seven new iPhone apps for moms...
...joining the U.S. District Attorney's office (Southern District of New York) in 2000 where he prosecuted some of the world's most notorious drug traffickers, including some 50 ranking members of FARC, the Colombian guerrilla group. Eventually he headed the mortgage-fraud group that investigated everything from retail mortgage fraud to securities fraud...
...bigger issue that divides economists is whether China's growth spurt is sustainable. Goldman Sachs and several other major investment banks are increasing their China growth forecasts for the rest of this year and into 2010. Strong retail sales and household-survey data show that consumption is contributing to growth and may help sustain it even if government spending levels off. (See pictures of China's investment in Africa...