Big company watch. (Trade Talk).Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. American sales in US$ millions as of Dec. 31, 2001 DEAR SHAREHOLDER... * CARREFOUR The French retailing giant's sales plummeted 25.5% in the Americas in 2002 compared to the previous year due to a sharp decline in currencies in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Carrefour announced plans to triple investment in Brazil to US$175 million and open 12 new stores in the country in 2003. * McDONALD'S The golden arches The Golden Arches are the famous symbol of McDonald's, a fast-food hamburger chain based in Oak Brook, Illinois, USA. They were introduced in 1953, when Dick and Mac McDonald began franchising their company, as part of the standard building design: a pair of stylized arches, one exited Bolivia, Paraguay and Trinidad as its Latin American operations posted a US$133 million operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. loss in 2002, The U.S. fast food chain reported its first lots in the company's history in the fourth quarter of 2002. * ERICSSON Ericsson's losses more than doubled in the fourth quarter of in 2002, partly due to the company's restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). process. Order cancellations and weak demand in Latin America reduced sales in the region more than 50% for the full year. [GRAPH OMITED] |
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