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...failure of these New Economy players in China is in stark contrast to the success of brick-and-mortar companies. Consumer stars like Nike, food franchises like Kentucky Fried Chicken, industrial giants like General Electric and United Technologies, and technology behemoths ranging from Microsoft to Intel to IBM have prospered in China. In fact, mainland China has been the most impressive growth market for hundreds of global companies for the past decade. So how did Google stumble so badly...
...year got off to a good start for Hollywood in Bollywoodland. As expected, the global success of James Cameron's Avatar is also playing out in India: it's slated to become the biggest Hollywood grosser of all time in the country. The 3-D extravaganza, also released in 2-D and dubbed in three local languages, has already grossed $15 million across the country, and is expected to edge out Columbia Pictures' doomsday epic 2012, which has made $20 million since its opening on Dec. 18. What's more, in a rare show of heft, the film continues...
...Last year was Hollywood's best performance in India to date. The success of the U.S. exports in the world's most prolific movie market - India makes over 1,000 films every year - began a year ago, as Indian audiences from Punjab to Chennai lapped up all genres of films, from Sony's Terminator Salvation to Warner's Harry Potter and the Half-Blood Prince to the Fox Star Studio-distributed Ice Age: Dawn of the Dinosaurs. Even Baz Luhrmann's romantic epic Australia, which tanked pretty much everywhere else in the world, made $2 million on the subcontinent - enough...
...UNITAID manages a pool of patents that allows generic producers to make second- and third-generation drugs at an affordable price for developing countries. The UNITAID board, backed by Britain, France, Brazil, Norway and Chile, has just agreed to set up a patent pool for AIDS drugs, but the success of the venture depends on the cooperation of pharmaceutical companies. (Read "Is Obama Scaling Back Bush's AIDS Initiative...
Norsigian is among those who are not thrilled with the success of the show. "These TLC shows make it look like every birth is a crisis," she says. "We need to create a climate of confidence rather than a climate of doubt...