Word: billion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...these hurdles are steadily being overcome. Since opening its first emerging-markets operations centers in China and Uruguay in 2002, TCS's annual revenues from Latin America, the Middle East and the Asia-Pacific region have surged from $160 million to $1.2 billion, or about 20% of total sales. "The investments we've made in emerging markets have all reached a critical size," says TCS's Chandrasekaran. TCS discovered that its expansion has opened up new opportunities to lure business from international clients. After struggling to convince Spanish companies to outsource to India, TCS found them much more comfortable outsourcing...
...such as anorexia and PTSD, have spread abroad "with the speed of contagious diseases." The growth of Big Pharma and the widespread adoption of U.S. health standards have made the ailing American psyche the primary diagnostic model. By 2008, for example, GlaxoSmithKline was selling over $1 billion worth of Paxil a year to the Japanese, who didn't know they had a problem with depression until drug marketers informed them. Though Watters' indignation can be wearying at times, he is on to something worth pondering...
...However, Obama has already indicated that he favors the tax. Not only would it raise an estimated $149 billion over 10 years but many health economists argue that it also could put a brake on rising health care costs. According to one aide to the House Democratic leadership, Obama made a "strong case" for the tax in a meeting last week with congressional leaders, and "got an equally strong push back from the House...
...Iceland took a dramatic stand in the conflict last week when President Olafur Grimsson refused to sign a bill requiring his country to repay the $5 billion that's owed to the British and Dutch citizens who deposited their savings in an online Icelandic bank that collapsed in 2008. Icesave, a subsidiary of the Icelandic bank Landsbanki, offered eye-popping interest rates of up to 15% to foreigners before the crash. (See pictures of the global financial crisis...
...move, warning that Iceland's economic recovery and bid to join the E.U. would be doomed if it failed to meet its obligations. British Financial Services Minister Paul Myners even said the country risks becoming a pariah state. Both Britain and Holland hinted that they may block a $10 billion International Monetary Fund rescue package for the country, and Iceland's Scandinavian neighbors shelved a $2.6 billion loan they had promised Reykjavik. On top of all that, Fitch Ratings lowered Iceland's credit grade to junk status last week. (See the worst business deals...