The recession also seems to have helped the auto parts business, as people are preferring to get repaired their existing cars, instead of buying new vehicles.
"That bodes well for American billionaire Edward Lampert and possibly for some unemployed auto workers. AutoZone opened 20 new US stores (and closed just one) and eight in Mexico. The company says that hiring and retraining employees is a major focus of 2009."
At the same time, David Murdock, who made a fortune in Dole produce and Hawaiian real estate, is foraying into health and biotech research, and is setting up a new research institute in the US, which along with affiliated state universities, would create 30,000 direct and indirect jobs by 2027.
Image: Edward S. Lampert (left), chairman of Kmart, at a press conference in New York. | Photograph: Peter Morgan/Reuters
Also read: Tata's Nano not the first 'People's Car'
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