When Netflix agreed to pay Comcast to stream its movies to the Internet service provider's customers without infuriating delays, it essentially yielded to monopolistic extortion. Comcast, which has just agreed to acquire Time Warner Cable, will soon be the biggest ISP in the U.S., and stuttering video transmission to its clients is not an option for Netflix. The outcome, however, is good for consumers: They will not be charged for what they are not buying.
Last holiday season, literary agent Linda Chester bought herself a sheared sable fur coat and red evening gown, both from Ralph Rucci, and designer suede leggings. This season, the bicoastal fashion lover settled for costume jewelry earrings from SoHo designer Iradj Moini.
Toyota Motor Corp. , Honda Motor Co. and other Japan-based automakers may lose as many as 193,000 U.S. vehicle sales to competitors this year because of parts shortages in their home country, an A.T. Kearney analyst said.
U.K. retailers Marks & Spencer Group Plc , Tesco Plc and J Sainsbury Plc are missing an opportunity by excluding South America from their expansion plans, according to a report by global management consulting firm A.T. Kearney.
Former A.T. Kearney Inc. partner Sherif Mityas was sentenced to three years of probation for trading on inside tips he learned while serving as a consultant to private-equity firm the Carlyle Group, according to a spokesman for federal prosecutors.