Word: billioned
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...light the Olympic flame during the opening ceremony - a spectacle that required him to make a slow circuit of the Bird's Nest stadium suspended from a wire. Even though he was wearing Adidas clothing as he did so, Li's name was nonetheless introduced to an estimated billion TV viewers, many of whom subsequently learned of his eponymous brand. The company's stock price jumped 5% in the week that followed...
...COMPANY: Tingyi SECTOR: Food REVENUE IN 2008: $4.27 billion THE LESSON: Cultivate the grass roots...
...limited by our customers." But those customers have been great for Tingyi, especially amid the uncertain economy of 2009, when it was a distinct advantage to be dealing in low-cost goods. For the first nine months of the year, Tingyi's revenues climbed 20% to more than $4 billion. (See portraits of Chinese workers...
...Securities and Exchange Commission. For 10 years, the author, a quantitative analyst, tried unsuccessfully to convince the agency that Madoff was a crook. When the latter's racket was revealed in 2008, says Markopolos, "it was exactly as I had warned the government of the United States approximately $55 billion earlier...
...government expects to close the $75 billion fiscal gap by cutting operating expenses 10%, freezing wages and halting new hires. The plan calls for the creation of a new independent statistical service, which should make it harder for officials to manipulate data. It also includes an improved tax-collection system designed to catch tax cheats, who have created an underground economy worth possibly as much as 25% of the country's output. The method proposed: incentives that encourage Greeks, who for decades have paid for services in cash, to ask for receipts, to pressure service providers to report the income...