Word: assets
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However, Senior Lecturer on Astronomy David Latham, who lives across the street from the observatory and has worked there for almost 43 years, said the Oak Ridge telescope was still a valuable asset because its location on a hill in central Massachusetts gets more clear nights than most...
...Chrysler business in the U.S., will be hoping he can work a similar feat with Daimler. A new, streamlined strategy would help. "Instead of continuing to meddle with too many products in too many markets, they need to concentrate on their core business," says Rolf Drees, an analyst with asset management company Union Investment. "The new CEO may achieve just that." Though Schrempp is on his way out, DaimlerChrysler's numbers are looking up. The group's net profits were up 28% to 3737 million last quarter, while sales grew 4% to 338.4 billion - a result that exceeded forecasts. Investors...
...ventures that Gore has undertaken in the afterlife he created for himself as a businessman who is out to change the world. The former Vice President, 57, is chairman of Generation Investment Management, a London-based investment firm that he started last year with former Goldman Sachs Asset Management CEO David Blood. For a partnership that no one seems able to resist calling Blood & Gore, they have a serious and high-minded investment philosophy. Generation aims to find and invest in companies that will pay off by virtue of enlightened approaches on energy, the environment, employee relations and other policies...
...statement yesterday, the Harvard Management Company (HMC), the steward of the University’s $22.6 billion endowment, said that it had “not lost [its] enthusiasm for timber as an asset class,” adding that it would “continue to acquire timber properties on an opportunistic basis...
...Consequently, a more flexible renminbi mechanism raises the odds of an Asian shift out of dollars, in effect removing the artificial bid for dollar-denominated assets that has prevented U.S. interest rates from rising more sharply. This will undoubtedly put pressure on the interest-rate prop supporting U.S. asset markets?especially property. Asset-dependent American consumers may slow their spending as a result. While this may be painful, it may also be the only way for the U.S. and the rest of the world to come to grips with the U.S.'s glaring foreign-trade and current-account imbalances. China...