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...entire ship and plastering a new English name over the Thai lettering on the bow. Off the Maldives, they rendezvoused with another tanker and the Hong Kong crime lord. The palm oil was pumped into the second boat and the first one auctioned, a Filipino outbidding a Thai buyer with an offer of $100,000. Their work over, the captain and his crew collected their payoff and caught a ride to Manila with the new Filipino owner. From there, they flew to Jakarta and split up, laying low in Sangir for a year before returning to Batam, an island city...

Author: /time Magazine | Title: Buccaneer Tales in the Pirates' Lair | 8/20/2001 | See Source »

...said it was laying off 570 people, while Marks & Spencer, the British department store giant, initially announced it would eliminate 1,700 jobs in France as part of a decision to close all of its stores on the Continent. Now the firm says it may try to find a buyer for its French operations as a last-ditch attempt to save those positions. Yolaine Belamire, 49, has worked since 1979 at the Marks & Spencer flagship store in Paris, starting out as a clerk and working her way up to manager, where she earned $1,770 a month. "We thought...

Author: /time Magazine | Title: Blood, Sweat, Toil and Tears | 8/13/2001 | See Source »

...fiercest competitors, Microsoft and AOL Time Warner (parent company of TIME). Starbucks used to let shoppers pay for their purchases by simply providing a credit card and some personal information--like most e-commerce sites. But in May, it made the switch to Passport. Now every time a buyer makes a purchase, his e-mail address and other personal information is sent to Microsoft to be verified--and stored in Microsoft's vast database. Passport, which Microsoft plans to roll out in force this fall, already has more than 50 affiliated sites. But Starbucks.com may be the only one that...

Author: /time Magazine | Title: Coming: The E-Wallet Wars | 8/6/2001 | See Source »

...half the maintenance fees of off-line banks, according to Bankrate.com Now, with slow customer growth and high marketing costs, the e-field is narrowing. Bank One is grounding WingspanBank.com after a $150 million launch. CompuBank sold its accounts to NetBank in March, and Lighthousebank is looking for a buyer...

Author: /time Magazine | Title: At Your Service: A Glitch in E-Banking | 7/30/2001 | See Source »

...huge, free-standing business, and he pulls the rest of us along with him." Of course, if anything is dampening enthusiasm, it's the Wizards dull image. "There are a lot of people out there who didn't even know Washington had a team," says a Sears buyer...

Author: /time Magazine | Title: Still Up In The Air! | 7/30/2001 | See Source »

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