Word: turnarounds
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Shaking off years of lethargy, the German economy is showing the first signs of a turnaround. Can the national zeitgeist keep...
...open the door for 31-year-old Internet tycoon Takafumi Horie, who says he wants to reform Japanese baseball but saw a previous bid for the Buffaloes spurned. If the current showdown succeeds in opening the door for him and others, it could mark the start of a turnaround for Japan's favorite sport...
...company plans to launch iTunes Japan within the next year. Meanwhile, other U.S. online-music sites "are absolutely looking to go international," says Michael McGuire, a research director with GartnerG2. A report by PricewaterhouseCoopers predicts that the growth of paid digital-downloading sites will eventually lead to a turnaround in the slumping Asia-Pacific music market; by 2008, they expect online music sales to break $500 million, 8% of the total market. "The fear of piracy still exists," says Jon Simon, head of new media for Warner Music Asia-Pacific. "But I think that fear every day becomes more...
...model line (which starts at $23,920) is the first since the 1998 DaimlerChrysler merger to validate Chrysler's strategy of trying to take its brand upmarket with a series of premium, high-volume cars and a new emphasis on design. And the car is fueling a dramatic turnaround at the automaker. On the basis of strong sales of the 300, Chrysler reported last month that it swung to a $628 million operating profit in its second quarter, vs. a $1.2 billion loss a year earlier. Chrysler brand sales were up 17% in July over a year...
...perilous the company's financial situation was? And if so, could those deals be construed as contributing to Parmalat's downfall? The banks' answer is, emphatically, no. They say the deals were proper, and that Parmalat's dire reality was hidden from them. But Enrico Bondi, the Italian turnaround expert who in December was appointed Parmalat's bankruptcy commissioner, alleges that the answer is yes - and this month he filed suit in Parma's court against the two banks, claiming that both transactions were illegal under Italian bankruptcy law and should be revoked. Last month he filed suit...