Word: selling
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Dates: during 2000-2009
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...these days it looks like much more is on the block at Citi than the bank is letting on. Citi is reportedly considering a plan to either sell off or close a number of its retail branches. At just over 1,000, Citi has a much smaller branch network than its rivals. Bank of America, for example, has 6,000 branches nationwide. Citi is reportedly considering closing or selling its bank branches in cities such as Boston, Philadelphia and other areas of the country where it does not have a significant presence. Citi has denied any such intention.(See pictures...
...early stages have lasted a long time. E-readers have been around for more than a decade, but the devices weren't popular due to high cost, proprietary display formats and the reluctance of book publishers to sell digital versions of their best-selling titles. Now, just as digital music was driven into the mainstream by Apple's iPod and iTunes, Amazon's Kindle and online bookstore, which sells more than 350,000 titles, are proving there's a mass market for e-books. Total industry revenue from digital-book downloads has risen 149% this year, according to the Association...
...companies that are joining the fray. Bricks-and-mortar bookseller Barnes & Noble, which in the U.S. offers access to 750,000 e-books on its website, is rumored to be pondering the development of its own e-reader to rival the Kindle. (The retailer already has a partnership to sell e-readers made by IREX, a spin-off of Holland's Royal Philips Electronics.) Major newspaper and magazine publishers, which are suffering mightily from the loss of subscribers and advertisers to the recession and the Internet, are also getting involved. News Corp. chairman and CEO Rupert Murdoch, owner...
That suits Chávez's fondness for the international spotlight. Still, security experts say he's flirting with something more serious than anti-yanqui bravado. Chávez, who recently agreed to sell Iran 20,000 barrels of gasoline a day, backs the country's claim that it's enriching uranium only for peaceful purposes. But if the international community decides Iran is making an atomic bomb - something IAEA inspections may determine later this month - it would complicate any Venezuelan plans to export uranium to the country, since it would be widely viewed as aiding and abetting a rogue...
Then again, it's uncertain if powers like Russia and China, which sell even larger quantities of gasoline to Iran, would take part in U.S.-led sanctions themselves. Their postures are a reminder that when it comes to thwarting Iran's nuclear ambitions, Venezuela may be a small concern in comparison. But given the tensions involved at the moment, few besides Chávez are finding humor...