Monthly Archives: September 2012

Entrepreneurs Seek Teammates with Talent to Join Venture Projects

Aspiring entrepreneurs with innovative start-up ideas gathered Monday evening at New York University’s Stern School of Business, for a 2012-2013 Entrepreneurs Challenge Event, the Teammate Hunt, in order to find teammates with skill sets that would complement their own. Participants … Continue reading

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Tourists Find Luxury Brands a Bargain in NYC

NEW YORK — Foreign tourists are currently looking to spend on luxury brands while shopping in New York City, due to the US dollar’s weak value compared to many other currencies. The US dollar (USD) is currently near multi-year lows … Continue reading

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Slowdown in Consumer Spending in 2013 Possible, Says Economist

NEW YORK — Consumer spending has increased in the third quarter, yet a slowdown in 2013 is probable, said the chief economist at Comerica Bank last Thursday afternoon. “Consumer spending accounted for 71% of U.S. GDP in the second quarter … Continue reading

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Europe’s Economy Likely Heading for Larger Slowdown, Predicts Economist

NEW YORK — Europe’s stagnant economy will slow even more, unless leaders are open to turning the Eurozone into a more consolidated fiscal union or simply reducing its size, said an economist at The Conference Board, a global economic think … Continue reading

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Multinationals Tapping into New Market: Those in Underdeveloped Countries

A recent Wall Street Journal article, titled “Companies Court The Poor’s Loyal Pennies”, discusses how large, global corporations are finding that the poor in underdeveloped and developing countries are willing to consistently spend on food, clothing, and other basic items, … Continue reading

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A Deeper Look Into Life at Apple’s Foxconn Plant

  Upon the recent release of the iPhone 5, U.S. multinational company, Apple, has announced an increased market value of $651.5 billion and shares up 72% this year, according to an article in The Detroit Free Press. However, despite Apple’s … Continue reading

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Multinational Burberry Announces Warnings of Low Annual Revenue

Global luxury brand, Burberry, recently announced the company is expecting surprisingly low revenue at year’s end. According to a Bloomberg article, titled “Burberry’s Stagnating Sales Indicate End to Luxury Boom”, revenue in stores has significantly slowed over the past ten … Continue reading

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