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Ironically, some of the brands Li & Fung is snapping up are the very ones it helped doom: American labels that were slow to export manufacturing overseas. Last year it acquired the license to sell Royal Velvet, a home-textiles brand that went bust in '03. "We wanted a company that knew how to source overseas," says Rick Platt, managing director of Official Pillowtex LLC, which bought the bankrupt firm...

Author: /time Magazine | Title: Exports: Trading Up | 11/15/2007 | See Source »

Vasella keeps a keen eye on his cherished drug business from an elegant second-floor office in the old Sandoz headquarters. On a counter behind his black leather chair are a pair of ancient Egyptian vases, a sword from the Han dynasty and a large blue-green bust of Buddha from the Tang dynasty. An avid collector of Oriental art, he recently bought a 13th century Tibetan statue of Buddha made of gilded bronze, which he keeps at his home in Zug. "I talk to him sometimes," says Vasella, "and I say, 'You know, I like you better than Jesus...

Author: /time Magazine | Title: Drug Lord | 11/13/2007 | See Source »

...Piccolo is a convicted murderer - and the dad he was being torn away from is the most wanted boss in the ever-powerful Sicilian Mafia. Top boss Salvatore Lo Piccolo and his son were captured together Monday morning in a small hamlet outside of Palermo in Sicily, a bust immediately hailed as a major victory for the Italian state in its ongoing battle against organized crime. Lo Piccolo, 65, was considered the unrivaled leader of the world's best-known crime syndicate, Cosa Nostra (Our Thing), after the April 2006 capture of legendary capo Bernardo Provenzano. He had been...

Author: /time Magazine | Title: Top Sicilian Mafia Boss Arrested | 11/5/2007 | See Source »

Instead of taking two measurements (under the bust and over the bust) to find a bra size, the Hong Kong researchers took 98. The key to building a better bra, they concluded, is to use a depth-width ratio rather than just volume to figure out the cup size. Warren, can you see what's happening here? Are you going to let Chinese women have better-fitting bras than we do? Where is your sense of patriotism? First it's superior bras, then it's superior weapons, and before long the fat lady in her too-snug undergarment has sung...

Author: /time Magazine | Title: Warren Buffett, Adjust My Bra | 11/2/2007 | See Source »

...President's kin is quick to dismiss any claims that they are living beyond their means thanks to their favorite son. Hugo's mother, Elena, sits in her small office at the children's foundation she runs, surrounded by a pictures and a wooden bust of Hugo. On her desk is a piece of paper she says she reads every day, titled, "Messages from Jesus." Mrs. Chavez, known across town as DoÓa Elena, wears plenty of makeup, a white blouse with black polka dots and her hair in a bun. Her husband, the governor, is preparing...

Author: /time Magazine | Title: Where Everyone (Important) Is a Chavez | 11/2/2007 | See Source »

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