How did I live without it
LONDON (Reuters) - Australian pop star Kylie Minogue announced a European tour and promised the show would be "totally different" from previous performances.
The 39-year-old, who released her new album "X" this week, starts in Paris on May 6 and crosses Continental Europe, Scandinavia and Northern Ireland before winding up at London's O2 Arena on July 27.
"The eclectic mix of sounds on 'X' is affording me an opportunity to explore and develop a new live show that will be fresh, exhilarating and innovative," Minogue said on her Web site www.kylie.com.
"After two celebratory tours, 'X' will be . . .
Go to The McKinsey Quarterly home page Visitor Edition 27 November 2007Welcome to the online journal of McKinsey & Company. This article is available to you free as a special bonus. Please register or log in to read this article.
Article at a glance:
The misguided practice of earnings guidance
Many executives believe that providing quarterly earnings guidance helps them to maintain an open channel of communication with investors in their companies and to increase the visibility of those companies while reducing the volatility of share prices and improving share valuations.
Our analysis finds that the practice offers few of the expected benefits and carries its own costs, particularly management time and an overemphasis on short-term performance.
Executives should consider whether providing quarterly earnings guidance is truly necessary—or whether other types of information would better serve the goals of companies and their shareholders.
This article includes the following exhibits:
Exhibit 1: Increasingly, companies are discontinuing guidance.
Exhibit 2: There appears to be no relation between guidance and valuation.
Exhibit 3: Offering guidance does not appear to affect total returns to shareholders.
Exhibit 4: Poor performance affects returns more than discontinuing guidance.
WASHINGTON, Nov. 20 — The Supreme Court announced Tuesday that it would decide whether the Constitution grants individuals the right to keep guns in their homes for private use, plunging the justices headlong into a divisive and long-running debate over how to interpret the Second Amendment’s guarantee of the “right of the people to keep and bear arms.”
The court accepted a case on the District of Columbia’s 31-year-old prohibition on the ownership of handguns. In adding the case to its calendar, for argument in March with a decision most likely in June, the court not only raised the temperature of its current term but also inevitably injected the issue of gun control into the presidential campaign.
The federal appeals court here, breaking with the great majority of federal courts to have examined the issue over the decades, ruled last March that the Second Amendment right was an individual one, not tied to service in a militia, and that the District of Columbia’s categorical ban on handguns was therefore unconstitutional. . . .
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by Laurie Petersen, Monday, Nov 5, 2007 6:00 AM ET
IN THE WAKE OF MOUNTING pre-launch news coverage, Google is expected to go public with its Google Phone plans this morning.
The Wall Street Journal reported that an official announcement will come on Monday about details of the phone. Additional reports say Google intends to make software available for different phone carriers that would open up more application development for mobile devices, including its own.
Sunday's New York Times carried a gushing profile by technology writer John Markoff of Andy Rubin, who is overseeing the Google phone and software efforts as director of mobile platforms. Markoff got extraordinary access to Rubin at home and work.
According to the story, Google plans to give away its software to handset makers and then use the Google Phone's openness for software developers and content distributors to design applications for it.
Rubin was creator of the Sidekick, one of the first smartphones to integrate the Web, instant messaging, mail and other PC applications.
Among the wireless carriers already said to be working with Google are Sprint Nextel and Verizon Wireless.
Google stock, whose price some analysts suggest may surpass $1,000, was trading at $711 after hours on Friday. Laurie Petersen is executive editor of MediaPost. Email her at email@example.com