Word: caterpillars
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Dates: during 2000-2009
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...UCITA's flaws. UCITA authorizes software companies to give themselves the right under artfully drawn "termination" clauses to turn off products remotely, without advance notice to the customer or recourse for files lost as a result. This right has caused leading companies such as Prudential, John Hancock, Caterpillar and Walgreens to join the opposition...
...assets. And nearly all have chosen corners of Russia where the investment climate seems better protected from the political storms that buffet the country at large. Leningrad Oblast, the province surrounding St. Petersburg, is a favorite. In the town of Tosno, 30 miles south of Russia's second city, Caterpillar has just completed its biggest investment in 25 years in Russia--a $50 million factory to make component parts for its European assembly plants and also put together tractors for the Russian market. Says Stu Levenick, Caterpillar's director in Russia: "You've got to take the long-term view...
...shows, hurdles are there to be leaped. Along with the German automaker last year, Ikea, Nestle, Caterpillar, Lucent Technologies, Ford Motor Co., Gillette and Philip Morris quietly added to their investments--nearly all built production plants with local partners, pouring more than half a billion dollars in direct foreign investment into Russia. In all cases, investors have developed a range of protection plans to help ensure that they prosper, even if that word is somewhat loosely defined...