Word: sectoral
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...private banks were not featured on environmentalists' hit lists. Activists focused on large corporate polluters in the oil and timber industries. Over time, though, green groups have realized that one effective way to halt destructive practices is to take on the institutions that bankroll them. "The private financial sector more than any other has the ability to begin the ecological U-turn modern society so desperately needs," says Ilyse Hogue, director of the global-finance campaign at Rainforest Action Network (RAN), which led the fight against JPMorgan Chase. Yet even as they have publicly confronted big financial institutions, green groups...
...sense last week as online travel firm lastminute.com - the money-losing, London-based icon of the Internet frenzy - agreed to a $1.1 billion takeover by Texas-based Sabre Holdings, owner of rival Travelocity. The grounds? While there's room for growth in Europe 's Web-based travel sector - as little as 10% of trips are currently booked online in the region - there's no longer room for everyone. Price pressure from major hotels' and airlines' own online operations means Web-based operators "need to be big," says Evolution Securities analyst Robin Chhabra. "Scale is very, very important." No need...
...Harvard Management Company (HMC) executive will leave this summer to start his own investment firm, marking the latest in a series of high-profile departures from the outfit to the private sector in recent years...
...there may be a timely and effective solution to halt the killing sprees in Darfur: a mercenary army. Mercenary armies are often composed of former or current soldiers lured away by the high pay of the private sector. As New York Times reporter Elizabeth Rubin puts it, they are “willing to do what the United Nations cannot: take sides, take casualties, deploy overwhelming force and fire pre-emptively.” In Sudan, they would come in, protect the civilians from the Janjaweed and the Sudanese army, and remain until the international community asked them to leave...
...also has the edge in the automotive sector, the heart of the satellite-radio market. XM generates 50% of customers with new-car sales (Sirius does better in the aftermarket), and XM's financial backers, GM and Honda, offer XM radios as standard equipment in 62 models, selling the tuners in 30% of their new vehicles. Sirius' partners, such as DaimlerChrysler and Ford, are running at a 10% to 15% installation pace, says analyst Lee Westerfield of Harris Nesbitt. All told, he estimates that XM's automotive partners hold a 10-point market-share lead over automakers aligned with Sirius...