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...question, Toyota's rise is the envy of the auto business. Since 1999, Toyota's U.S. market share has grown from 10.6% to 14.7%. The company makes America's best-selling sedan, the Camry. Its fuel-sipping hybrids, like the Prius, are the hottest cars on the market, commanding premiums and long waiting lists. The folks who snickered when Toyota launched a youth brand, Scion, by importing funky compacts from Japan like the xB, are racing to develop their own hipster cars. Toyota is doing a bang-up job financially, forecast to post profits of $10.8 billion...

Author: /time Magazine | Title: The New Dude on the Road | 4/18/2005 | See Source »

...little delegation had the finest of everything on its weeklong trip to Britain--from lodgings at the Four Seasons Hotel in London to dinners at the poshest restaurants with the most interesting people, right down to the best tickets for The Lion King--at the time, one of the hottest shows playing on the West End and one for which good seats usually meant a six-month wait. So DeLay's congressional office turned to someone they trusted far more than any travel agent or concierge: lobbyist Jack Abramoff. "He ran all the trips," recalls a former top DeLay aide...

Author: /time Magazine | Title: When Tom Met Jack | 4/18/2005 | See Source »

...world of high finance, where billion-dollar deals can be struck between cocktails and dessert, the hottest play these days is a once obscure transaction known as the leveraged buyout. In such operations, corporate officers are turning publicly held firms into private businesses that are free from the demands of short-term investors and the unwanted attention of corporate raiders. In the process many of them are making vast profits for shareholders and themselves...

Author: /time Magazine | Title: The Popular Game Of Going Private | 4/18/2005 | See Source »

...much lunchtime staples as meat pies; school children take classes in Japanese; and Asian approaches to well-being, from feng shui to Chinese medicine, have found ready acceptance in well-heeled suburbs. Now, it's the turn of the fashion business. The designers behind some of the country's hottest young labels may call Australia home, but all share Asian roots and pay homage to them in distinctively Eastern designs. The new Asian wave in Australian clothing includes: BOWIE (bowie.com.au): If Bowie Wong's elaborate creations in satin and fine wool strike you as theatrical, that's no coincidence...

Author: /time Magazine | Title: Wizards Of Oz | 4/17/2005 | See Source »

...Japanese market: Japan's consumers spend more money on luxury goods than anyone else in the world, and they account for a monster portion of revenue, 25% to 30%, for both companies. Coach had total sales of $1.32 billion last fiscal year, LVMH $16.18 billion. Coach often tests its hottest designs in Japan. After shoppers responded well to the Signature Collection in 2001, for instance, the company increased production of those bags in Japan...

Author: /time Magazine | Title: Japan's Battle of the Luxe Bags | 4/17/2005 | See Source »

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