Word: billion-plus
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...secure a mid-term review of spending priorities. Indeed, the biggest accomplishment Blair can claim is creating a ... BUDGETARY BROUHAHA On paper, the E.U. budget amounts to a meager sum, roughly 1% of the gross national income of all member states - substantially less than the annual €180 billion-plus they spend, in aggregate, on defense, for instance. Yet the debate over allocating this money creates rivalries that sometimes seem to need all those armies and tanks just to keep the peace. This year, rivalries appear to have metastasized. Under the new British proposal, the 10 new member states would...
...part about the beautiful display of money: dearly acquired works shown in costly surroundings. By that standard, the J. Paul Getty Museum in Los Angeles is among the greatest. It occupies a Richard Meier-designed campus of Italian travertine high in the Santa Monica Mountains. It husbands a $5 billion-plus endowment. With that war chest--the legacy of oil mogul J. Paul Getty, who died in 1976--it built in a few decades a collection that would have taken another museum generations...
Descendants of Levi Strauss, the California gold-rush jeansmaker who founded the world's largest apparel manufacturer, announced in San Francisco last week that they are "exploring" a move to recapture full family ownership of the company, by taking it private in a $1 billion-plus leveraged buyout. The move is led by Robert D. Haas, 43, the Levi Strauss president and a great-great-grandnephew of the firm's founder. Haas claims the backing of other family members who own some 40% of the outstanding Levi common stock. They wish to purchase the rest, which has been issued since...
...billion-plus people and so far only three individual Olympic medals. As India awaits glory in Athens, its star athlete, markswoman Anjali Bhagwat, is peeved that she had to pay for a coach on her own. Such stories puzzle Andrew Krieger, a U.S.-based financial executive, who believes India isn't living up to its potential. He wants to help change that. Krieger, who studied Hindu philosophy, is pouring $120 million into a planned sports facility in the Indian tech hub of Hyderabad, where international coaches will groom future champions in all sports. It will be a replica...
...those are just the auctions. On the same day the wine went under the hammer, Artémis - the Pinault family's holding company - issued j520 million in bonds that it said was to be used to refinance existing bank debt. That was separate from the j1 billion-plus convertible bond issue announced only days earlier by the firm at the core of the Pinault empire - a publicly traded retail conglomerate called Pinault Printemps-Redoute (PPR), in which Pinault holds a 42% stake. PPR has also sold more than j3 billion in assets this year. People close to Pinault insist...