Word: airlinese
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As confidence has waned in other efforts to enhance airline security, initial critics of cockpit guns are embracing them. A key reason may have come last February. The airlines and the TSA had claimed reinforced doors would keep out hijackers. Then an apparently disturbed man took only minutes to burst...
The holy grail of speech science--making conversation with a computer easier than typing--is still a long way off. Today's software makes lots of mistakes, and its main market is users who have no other option, including office workers who suffer from carpal-tunnel syndrome. Yet progress is...
So who are these guys? Outside the world of leveraged-buyout firms, few know the partners of Texas Pacific--and they like it that way. Even their website is blank. Yet their $10 billion portfolio has included such names as Bally shoes, Beringer wines, Del Monte foods, Ducati motorcycles, J...
In recent months, troubled airlines from all over the world have been appealing to TPG for help. The partners were most interested, though, when a call came from David Siegel, CEO of US Airways, who had worked at Continental during TPG's turnaround of that carrier. US Airways has valuable...
That approach paid off big for Bonderman's first turnaround, Continental Airlines. Thanks to a clever purchasing arrangement, TPG's partnership controlled Continental, though it owned just 14% of its stock. Not just an investor with deep pockets, TPG closely watched costs and CEO Gordon Bethune. Continental's share price...