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...will give the land respite in the next month. But until then, Vice Minister of Water Resources, Liu Ning, confirmed less than two weeks ago, about 30,000 sq. mi. (78,000 sq km) of soil are too dry to bear crops, which has resulted in more than $3.5 billion in agricultural losses. Across the parched terrain, the government has been rationing drinking water, digging emergency wells and shooting clouds with silver iodide in an effort to stimulate rainfall. And the drought's effects on the Mekong River - at its most depleted in 50 years - have awakened tensions with China...
Meanwhile, Brown's new spin-off will absorb Motorola's $3 billion in debt. But the split also means his charge will be able to keep the strong cash flow. "We will reinvest some of that money in expanded innovation, and we can consider ways to grow the firm organically or potentially through acquisitions," Brown says. "It will also be easier to attract world-class talent to a world-class firm rather than one in transition." Perhaps two heads will prove, after all, to be better than...
Within 10 years, Dong plans to triple its production of renewable energy. In 2009 it invested $3.32 billion in development - nearly half of which was marked for renewables. Underscoring its commitment to a green transformation, Dong is in the process of shutting down 25% of its coal-fired power plants and switching to straw-based and other renewable fuels. "We're taking the big steps now," says Eldrup. "This is different from politicians who make big promises to do something in the future. We want to show that you must have a big vision and be ready to deliver...
...picture, long-term-payoff approach is what helps companies weather short-term vagaries. Dong recently reported a tumble in revenue from $11 billion in 2008 to $9.1 billion in 2009 - in large measure because of the global financial crisis and drop in energy prices. While the company said it expects higher sales in 2010, Eldrup looks beyond the quarterly reports. "This is the way the energy business is," he says. "We are working on a long-term horizon...
...promises of rescue by foreign powers, and the trail of failed plans to help Greece deal with its mountain of debt over the past few months has done little to assuage those fears. So despite the news Sunday, April 11, of a European bailout-loan offer worth some $40 billion, with the possibility of $20 billion more from the International Monetary Fund (IMF), Greeks are growing increasingly pessimistic about their future. (See pictures of the global financial crisis...