Word: turnarounds
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...business model for Internet companies, online advertising revenues have taken off. Google, the biggest search engine, booked a 118% increase in total 2004 revenue, to $3.2 billion, and Yahoo! has kept pace, jumping 120% to $3.57 billion (thanks in part to acquisitions of Inktomi and Overture). Semel's turnaround story: the once money-losing dotcom has become a thriving real-world business, with 399 million unique users this January and some $840 million in profit last year...
...verge of bankruptcy, Nissan was one of the first to hand over the keys to a foreigner. Carlos Ghosn arrived in Tokyo in April 1999, with a mandate from Renault to repair the damage by whatever means necessary. He achieved a turnaround, and his success has given rise to a question that is particularly troubling to Japan's business leaders at a time when self-certainty is wavering: Can it be that Japan needs Westerners at the helm to compete in the new global business environment? Not surprisingly, executives asked to comment on Ghosn's achievement tend to be dismissive...
...Talk about getting an upgrade. Willie Walsh, former boss of Ireland's state carrier Aer Lingus, was last week appointed to succeed British Airways' departing CEO Rod Eddington in September. BA shares rose on the news of Walsh's new job, and the airline - in the midst of a turnaround - hailed the 43-year-old as "the very best person for the job." Walsh's main accomplishment was rescuing Aer Lingus from bankruptcy after taking over the controls in late 2001. Now "it's the only European flag carrier making money on short-haul" regional flights, points out Joe Gill...
...success? Yeah...we improved a lot from last year,” junior forward Matt Stehle said. “It definitely was a huge turnaround...
...Green stormed out of the locker room with a 9-4 run, taking a 34-26 lead thanks, in part, two turnaround jumpers by center Elise Morrison...