Word: assets
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...that's just background music for what is already on its way to being a monster news week. The bin Laden asset-freezing continues, the Taliban says he's hidden in-country and practically dares us to bomb away. The Russians are arming the rebels. (Oh. And the Supreme Court disbarred Clinton.) Congress might reveal its thinking on the rest of that $100 billion in the wings, and the Pentagon could be ready to reveal a little might...
...feds say, things will be different. President Bush is rolling out the Foreign Terrorist Asset Tracking Center, designed to dismantle terrorists' financial bases. Past efforts have focused on financial data relating to a single crime. But FTAT will look at terrorist organizations worldwide. The information gathered, says Treasury Under Secretary Jimmy Gurule, will be used "for the express purpose of identifying and disrupting" terrorists' funding. Switzerland has agreed, and Sudan and the Cayman Islands reportedly agreed, to open their books to U.S. investigators. The Administration has also been asking governments like those of Saudi Arabia and the United Arab Emirates...
...last week in the flight from both stocks and bonds. Sopping up investment dollars were ultrasafe short-term Treasury notes and money-market funds and--get this--gold-mining stocks. Gold hasn't been a great investment in decades, and probably won't be anytime soon. So take the asset shuffle for what it is: a knee-jerk response by money managers who must show their hand to clients each quarter...
...Laden's far-flung business dealings have been a tremendous asset to his network. U.S. officials believe he has interests in agricultural companies, banking and investment firms, construction companies and import-export firms around the globe. Says a U.S. official: "This empire is useful for moving people, money, materials, providing cover." Though American authorities did break up two al-Qaeda fund-raising operations in the past year, they have been mostly unsuccessful in finding and freezing bin Laden's assets...
...during its 12-year ownership--a $2 billion total that includes a new, cleaner, $1 billion smelter. Bingham Canyon will wind down in the next 15 years, sticking Rio Tinto with further cleanup bills. The company's half-year returns show that K.U.C. constitutes 15% to 20% of its asset base but generated just 3% to 4% of its $841 million profit. Over the next 20 to 25 years, K.U.C.'s Sunrise could bring Rio Tinto the current equivalent of several hundred million dollars. Last year Rio Tinto earned $1.5 billion on revenue of $10 billion. It mines coal, copper...