Word: selling
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...Colgate (CL) has "side-stepped the global slowdown" as MarketWatch recently wrote. In the most recent quarter the company's profits were up 20%. It would be hard to pick a better time to sell toothpaste, pet food, and shampoo. Even in a bad economy, most of these are products will have stable sales...
Even in China, where state censorship directives are dispensed daily to newspaper editors, a press revolution is under way. Over the past decade, the central government has started weaning newspapers off state subsidies. The free-market reality has forced editors to print stories that sell. While the People's Daily, the Chinese Communist Party's official mouthpiece, still publishes numbing headlines like "China-Mali Ties in Continuous Development," other newspapers are attracting readers by delving into corruption scandals and celebrity sex lives. Low Internet penetration throughout much of Asia ensures that it is newspapers - not computer or cell-phone screens...
...SuperMedia, argues that it matters little which newspaper claims more online readers. "Whether one of them's got 15 million and the others have got 10 million is irrelevant economically," says Beckett. "Rusbridger's job is to save his own community and build on it so he can sell them stuff in the next phase - it could be a ticket to a conference, it could be a social-networking site, anything. The other papers are doing the same thing for their communities. I think Rusbridger made the right business decision...
...Treasury on Feb. 17, asking the Federal Government for $14 billion in further emergency loans, bringing the total amount that the Detroit automakers have requested to $39 billion. GM says it needs $12 billion more to avoid bankruptcy and announced plans to lay off 47,000 employees and sell or phase out three of its marques--Saturn, Hummer and Saab--and reduce Pontiac to a "highly focused niche brand." Chrysler has asked for $5 billion and plans to cut 3,000 jobs...
Jennifer Bliss was no fledgling lawyer when she moved back in with her parents. At 39, she had burned through her retirement funds after losing her law-firm job in July 2007. She gave the bank the keys to the home she was unable to sell in Grand Rapids, Mich., and last November, she packed up her two Great Danes and moved about 60 miles, to Lansing, to live with her mother and stepfather. "This has been awful," says Bliss, who has sent out some 600 résumés nationwide looking for legal work or a managerial position in another...