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Hyatt is among those who have taken a hit in 2009. In the first six months, the hotel powerhouse posted a 19% revenue decrease, a loss of $36 million and a revpar decline...
...consistent winner during the worst days of the financial crisis, as frugal consumers traded down. While most retailers are shutting down stores, Walmart has opened 52 Supercenters since Feb. 1. Joseph Feldman, retail analyst at Telsey Advisory Group, estimates that each store costs Walmart between $25 and $30 million. In order to continue the momentum that it has picked up during the retail recession, over the next five years the company plans to remodel 70% of its approximately 3,600 U.S. stores...
...care system has come under scrutiny. The McKinsey report, and its fallout, highlights some of the pros and cons of such a system. On the one hand, McKinsey's analysts laid bare the scores of redundancies and inefficiencies within a bloated national health-care structure that employs some 1.5 million people in England. According to the Health Service Journal, which obtained a copy of the confidential report, McKinsey believes the NHS could afford to eliminate 137,000 clinical and administrative posts by 2014 - and save $32 billion in the process. (See 10 players in health-care reform...
...Harvard’s total puts it far behind its biggest rival, Yale, which came out on top among national universities with approximately $40 million in grants for 115 projects...
...Sept. 8 news article "Stimulus Grants Boost Research" incorrectly stated that Harvard had received around $18 million in grant awards from the federal government through the American Recovery and Reinvestment Act of 2009. In fact, that figure only accounted for funds from the National Institutes of Health. The overall figure was approximately $40 million, similar to that received by Yale...