Word: year
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...vehicle, which topped out at 15 m.p.g. for the once popular 2½-ton H3 model. A descendant of the U.S. military's humvee, which was built by AM General, the Hummer peaked in popularity in 2006, when GM sold more than 70,000 of the vehicles. By last year, sales had fallen to 9,000. (See pictures of the best-selling cars in China...
...Over the past year, China has encouraged the sale of economy cars. As part of its stimulus efforts, the government halved taxes on vehicles with engines smaller than 1.6 L. Combined with the relative health of the Chinese economy, car sales soared. In 2009 mainland consumers bought more vehicles than their American counterparts, making China the world's largest car market for the first time. Even so, the Hummer was a little too big for their taste...
...Hudson's Bay Co., a 339-year-old retailer that is the oldest in North America, signed a sponsorship deal with the Canadian Olympic Committee through the 2012 Olympics. Hudson's Bay owns 92 Bay department stores in Canada, the Canadian general-merchandise chain Zellers and the Lord & Taylor retail chain in the U.S. Jeffrey Sherman, who was installed as CEO in September 2008, after Hudson's Bay was bought by Connecticut-based private-equity firm NRDC Equity Partners, wanted to use the Vancouver Olympics as a platform to reconnect the company with its Canadian heritage. He gave his design...
...sister and 24-year-old nephew are out of luck. But there's still hope for her 13-year-old niece. Burnet grabs one of the last remaining pairs in the youth section and stops a 12-year-old girl who is shopping with her mother. "Do you mind trying these on?" she asks, hoping to discern whether the gloves could fit the hands of her niece. The girl slips on the mitts, looks at her hand and wiggles her fingers. "They're too tight," she says. Game over. Burnet says she'll keep searching...
...over the ownership of the Dokdo Islands (which the Japanese call Takeshima) was just the most recent demonstration that animosity between the two nations continues to run deep. "There's more emotion to [the skating competition] because it brings back the past," says Wendy Park, a precocious 15-year-old South Korean from Vancouver who came with her mother to watch Kim compete in the short program, joining the throng of flag-waving South Korean fans. "Sports is where it shows up; it's not a nice part of it, but it is a part of any competition between Korea...