Word: canal
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...million alliance to develop and build motors for their smaller cars. The venture could turn out 1 million engines annually. Spanking The Banks U.S. Senate investigators testified that Citicorp, the top U.S. bank, and J.P. Morgan Chase helped Enron hide more than $8.5 billion in debt. Canal Plus (Or Minus) In his first move to reduce Vivendi's ?19 billion debt, new CEO Jean-René Fourtou will separate Canal Plus into a new company and sell the rest of its pay-TV unit. INDICATORS A Family Affair Think your family reunions are stressful? John Rigas, founder of Adelphia Communications...
...PETERSBURG—The gray Audi slowly pulled up next to me and two friends as we walked along the Moika Canal. The driver’s side window buzzed down and the middle-aged man called out in Russian, “Girls, get in. Don’t you want to get out of the rain?” (Large drops had just started falling out of the sky.) Faced with our polite, “No thank-you’s,” the car crawled alongside us for another minute and then, with a shrug...
...first place. Either way, I still bought Vivendi shares at ?140. What a jerk. I am ruined and shamed, but in certain ways I came away richer for having learned: • That Messier had a problem with time management. "I give Pierre Lescure two years to turn Canal Plus around" - and two months later he sacks Lescure. "I'll be happy to run Vivendi Universal for another 15 years" - and two days later he resigns. But these are trifles - even I, at times, intend to make love all night but last only 15 minutes. • That one mustn't listen...
...poked a U.S. flag pin in his lapel. In December, when Messier announced yet another U.S. acquisition and pronounced "the French cultural exception" dead, his country's media and political establishment turned against him. Messier further alienated his countrymen by publicly firing Pierre Lescure, long-time president of subsidiary Canal Plus, just weeks after giving Lescure two years to reverse the pay TV station's losses. The move provoked open rebellion by the channel's staff and increasing suspicion that Messier was preparing austerity measures to include slashing Canal Plus' funding of French cinema - thus ending its central role...
...York and started giving interviews saying that the beloved "cultural exception," subsidies granted by the French government to domestic filmmakers and other artists, was an outdated idea. In April things reached a point of no return when Messier fired Pierre Lescure, the popular president of the money-losing Canal Plus...