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...A350 in a bid to catch up with Boeing's new 787 Dreamliner, or focus elsewhere. Steve East at Credit Suisse First Boston in London, who downgraded EADS stock to "underperform" last week, thinks the company will cancel the €8 billion A350 program altogether. It's all a huge change from the triumphalism at Airbus headquarters - and European capitals - two years ago, when the firm outsold Boeing for the first time. Back then, Airbus was hailed as a uniquely European archetype for competing in heavy industries. After all, no single country in Europe has the resources to develop...
...Gucci group. "My CFO doesn't like it when I say this, but I am happier with the output of creativity of all our brands than I am with the bottom line." The pressure to create something new, however, is intensified by the pressure to move the huge corporate machine. Even John Galliano and Jean Paul Gaultier, both radical creative catalysts, have had to conform to the corporate spirit of our times. In Galliano's show for Dior, streamlined tweed suits and pared-down chiffon evening dresses in pale shades of gray and pink replaced his signature theatrics...
DIED. Tamara Dobson, 59, Amazonian model-actress who created one of the blaxploitation genre's most memorable women--the Corvette-driving, martial-arts-loving title character in the film Cleopatra Jones; of complications from pneumonia and multiple sclerosis; in Baltimore, Md. With her flashy style--huge Afro, big hats, leather-trimmed fur coats--Cleopatra was, in the words of the drug traffickers she battled, "10 miles of bad road." Before her career ebbed in the '80s, the 6-ft. 2-in. Dobson went on to appear in other films of the genre, notably the women-in-prison film Chained Heat...
billionaire German industrialist; in Carinthia, Austria. Flick--whose father was jailed by the Allied War Crimes Tribunal at Nuremberg for using slave labor in munitions and other factories--became famous for an early-1980s scandal over huge donations made to German political parties by managers at the family's conglomerate. The Flick Affair, as it became known, forever linked his name with the issue of shady influences in politics...
...corporation or nonprofit that raises money for breast cancer, critics of pink-ribbon funding say that even though a lot of money is raised, it isn't necessarily being spent in a thoughtful, coordinated manner. "There's a lot of duplication on how we fund research, and there are huge gaps as well," explains BCA executive director Barbara Brenner, who would like to see more research on the environmental causes of breast cancer...