Bear Stearns Cos Inc's management shake-up could make the investment bank a takeover target, but the possibility of more writedowns and chance of legal entanglements from the subprime mortgage crisis could sideline suitors for now, analysts said.
When furniture retailer IKEA promoted its latest US sale by asking customers on its website if they are "ready to take advantage of us", one customer took them up on the offer in a novel way.
As the credit crisis drags on, not even the world's millionaire investors are immune from its effects, and the private banks which manage their money could be next to feel the pain.
Howard Schultz, Starbucks Corp's founder, is being treated as this year's answer to Apple Inc's Steve Jobs or Charles Schwab Corp's namesake. History suggests this may be a mistake.
Hyundai Motor Co yesterday launched its first premium sedan, the Genesis, dipping a toe into the luxury car market and hoping to win customers from foreign rivals and improve its brand image abroad.
Starbucks Corp replaced CEO Jim Donald with founder and Chairman Howard Schultz and said it would slow an aggressive US expansion in a shake-up that sent its battered shares up nearly 9 percent.
McDonald's plan to expand the beverage lineup at its US restaurants with cappuccinos, lattes and other drinks is expected to add $1 billion to annual sales, a spokeswoman said.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
