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...leaving the company with only $800 million, while former CEO Mikhail Khodorkovsky remains in jail on fraud charges widely thought to have a political motive. Not surprisingly, Yukos stock had fallen 10.7% by the end of the week. Says Mikhail Krutikhin, an analyst with RusEnergy: "My clients now have just a single question left. Who gets Yukos, once it bankrupts?" Apparently there is an answer. "We know that the successor has been picked - we still don't know exactly [who it is]," says a senior Russian Cabinet official. "The person does not matter, though. It's the type that does...
...grew just 3.3% during a SARS-marred 2003, Macau's gross domestic product exploded by 15.6%. Meanwhile, more than $3 billion of investment in casino and resort projects is in the pipeline. "Macau is just on fire," says Marc Falcone, a New York City-based gaming analyst for Deutsche Bank...
...rebates). But the Street is rumbling that automakers may be saddled with a glut of heavy metal at the precise moment that consumers want more economical cars. "I get a sense that nobody is panicking about this, and that makes me a little nervous," says Steve Girsky, senior automotive analyst at Morgan Stanley. It has happened before. In the 1970s, when gas prices soared, the Big Three were caught flat-footed with large, fuel-hungry cars, allowing Honda, Nissan and Toyota to swoop in and grab market share. If it happens again, the pain will be shared by Japanese manufacturers...
...most recent quarter hid a 7% drop in its core fixed-line business. BT re-entered the consumer mobile market last year via T-Mobile's network, and now hopes the Vodafone hookup will generate $1.8 billion in annual sales in five years. Not all agree. Joel Cooper, analyst for the London-based World...
Still, are hotels within hotels real, or just a new way to promote what's there? Tia Gordon of the American Hotel & Lodging Association insists that the concept isn't "a marketing ploy" but "another level of service." She's probably right, but as Joseph Greff, a lodging analyst for Fulcrum Global Partners puts it, "It has a lot more to do with perception than reality." In the hotel business, however, a perception of distinctiveness counts a lot, especially for customers who are willing to pay for it. --With reporting by Helen Gibson/London, Sara Rajan/New Delhi and Jyl Benson/New Orleans