Walking the Streets of New York With iOS 6 Maps, 8,000 Would-Be Future Job Sites, and the Bacon Shortage Myth: Our Top Stories of the Week
We have, as usual, pulled together the best in our coverage of unusual business news, investing strategies, and market commentary.
Airlines to Passengers: Get Used to Paying More to Check in Your Baggage If you are a frequent traveler, you might have noticed that you’ve been paying more for checking in suitcases these days. With fuel prices up dramatically in the past few years, airlines have struggled to maintain profit margins without raising ticket prices so high that passengers are scared away. The solution? Keep the basic ticket price relatively low, and charge flyers heavily for checking bags.
Coffee Is Not A Smartphone: Starbucks, India, And The Myth Of Untapped Markets Coffee giant Starbucks (NASDAQ:SBUX) is finally opening its first location in India next month. Given India’s struggling economy, that announcement has been met with a lukewarm response from investors, although other major retailers like Wal-Mart (NYSE:WMT) and IKEA are also planning on expanding into the country. India, along with its fellow BRIC countries (Brazil, Russia, and China), has long been heralded as a massive untapped market for everything from fast food to smartphones to soccer.
New Stock Coverage: Pfizer Looks Like A Riser An iconic and universally beloved street, which today preaches the timely virtue of patience, has shown once again that it is right on the money. Now, if only the children of Wall had the wisdom — and disdain for fuzzy math — of Sesame. Good things did indeed come to those who waited, with the S&P 500 Index (INDEXSP:.INX) finally ending up, following five straight days of declines.
Take Note: Diane Garnick Is At The Cutting Edge Of Finance Diane Garnick is the kind of cheerful person whose Ciceronian eloquence and rhetorical chops force one to stop, think, and finally realize that there’s little blocking the progress of what people used to call—and still call, now and then—the human spirit. At the Exchange Traded Fund (or ETF) conference where I met her a few weeks ago, she declared during her panel, “The only thing that limits you is what you think limits you.”
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