| India Fin Min:May Soon Allow Foreign Invest In Retail-Report
BANGALORE -(Dow Jones)- India will open up its retail market to foreign investors after convincing small retailers that there is no threat to their livelihood from big players, the Press Trust of India reported Thursday, citing Finance Minister P. Chidambaram. "In course of time their fears will be allayed and it is only a matter of time before the policy is tweaked to allow foreign direct investment in retail," Chidambaram said in the report. He was speaking to students of Wharton School of the University of Pennsylvania in Philadelphia. Currently, India allows foreign single-brand retailers to own up to 51% in a joint venture with a local firm, while multiple-brand retailers such as Wal-Mart Stores Inc. (WMT) are limited to cash-and-carry, or wholesale, and franchise operations.
Accor North America Announces Executive Changes
DALLAS (Carrollton) | Accor North America, the largest hotel owner operator in North America, today announced key executive changes. Olivier Poirot was named CEO of Motel 6/Studio 6 and Accor North America. Poirot was previously the Accor North America chief financial officer. Georges Le Mener, Accor North America's president and CEO will retire. Jim Amorosia, Motel 6/Studio 6 chief operating officer, was named president and COO of Motel 6/Studio 6 with expanded duties including day-to-day marketing of the brand. The structure of Accor North America will change--the ANA Mexico hotels will now report to Accor Latin America and Sofitel in North America will report to Sofitel worldwide; therefore, the scope of ANA will be primarily on the economy brands in the U.S.
Skate ( Review )
Whereas the Tony Hawk franchise churns out arcade games loosely based on skating, EA's latest shot at toppling the market leader is skating. With the likes of Fight Night, NHL and Def Jam, EA has tried to shoehorn analog control into a good deal of its output with varying degrees of success, but for the first time here, we find something that lends itself to the mechanic perfectly. Pulling down on the right stick makes your skater crouch down in preparation for an ollie, and then a swift flick upward sends you soaring. Altering the direction of your upstroke and adjusting your weight distribution on the board before you leap triggers the various flip tricks, with some of the more complex ones being a real challenge to master - just as they would be in real life, naturally. Chuck in the triggers for grabs and you've got the vert basics down, but with a little experimentation, there's a staggering amount of variety offered by this seemingly limiting move pool.
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