Falling oil prices good but also bad

Article Abstract:

Crude oil prices are continuously declining and might yet drop $10 per barrel or less in the next six months, according to Robert C Baird analyst George Gaspar. This is welcome news to the overall economy, as it will keep commodity prices at a low level and should benefit the shareholders of oil stocks because of resulting mergers. However, the decline of oil prices, already at its lowest in 8 1/2 years, is also bad news to employees in the energy industry as they face major layoffs resulting from consolidation.

Market information - general, Crude Petroleum and Natural Gas Extraction, Crude Petroleum, Petroleum

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Beauty biz gets a makeover

Article Abstract:

The cosmetics industry are launching innovative marketing strategies to protect and boost their share in the $45-billion market. Consumers have stopped buying based on brands alone and are shifting their purchases towards products that offer performance and skin treatment benefits. The trend has been attributed to the informed and high-expectation shopping by the aging baby boomers who have more disposable income, are more educated as consumers and are less attached to brand loyalty.

Marketing procedures, Toiletries, Toilet Preparation Manufacturing

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Internet generated $301 billion last year

Article Abstract:

Internet and Internet-related businesses generated $301 billion in revenue in 1998, according to a study conducted by the University of Texas. The Internet economy grew an average of 174.5% annually since 1994, says the study. The Internet economy has grown to a point that it now rivals decades-old industries such as the auto industry, which generated $350 billion in 1998, adds the report.

Sales & consumption, Wired Telecommunications Carriers, Specialized Telecom Services

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