Word: businessese
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Cantor Fitzgerald has plenty of experience dealing with crisis. Perhaps that's why the firm, which is best known for bond trading and looked like it wouldn't survive after suffering devastating losses on Sept. 11th, is weathering the recent financial turmoil better than most. Cantor is hiring and expanding...
One of the businesses it plans to launch soon is a futures exchange where traders can bet on the box-office success of movies. It will never be one of Cantor's biggest businesses, but it offers a lot of symbolism. The firm gained regulatory approval for the exchange a...
Former villagers tell TIME that La Reforma's alleged narco-big shots have secured the town's love and loyalty by giving to the poor and throwing elaborate public parties. Perhaps most important, they've created jobs - both directly for their alleged drug-running enterprises and indirectly through businesses that...
Guatemala has long been a drug transshipment point between South and North America. But only in recent years have investigators begun to see how firmly a narco-economy is taking hold there, which is always bad news for small, poor and corrupt countries like Guatemala. Experts say it's hard...
The names of Waldemar Lorenzana and other members of his family under government suspicion, however, do not appear on many of the titles to their assets, officials say. Rather, those documents use front men (or women) to register businesses, which officials note is a common tactic for laundering money. "The...