Word: consortium
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Dates: during 2000-2009
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...today. In mid-2003, when a barrel of oil fetched about $30, BP made what was then the largest ever foreign investment in a Russian firm. The British company paid more than $6 billion for a 50% stake in TNK-BP, an oil outfit it set up with a consortium of four Russian billionaires. Vladimir Putin, Russia's President at the time, joined Tony Blair, then Britain's Prime Minister, in cheering the joint venture. TNK-BP's CEO, Robert Dudley, hailed it as a "momentous and exciting event" that would "set new benchmarks in the Russian...
...successor, on the sidelines of the G-8 summit on July 7, the uneasy discussion was of a breakdown in relations between the British and Russian partners. Meanwhile, Dudley, the company's BP-appointed boss, is battling to keep his job. In Moscow that same day, AAR, the Russian consortium that controls 50% of TNK-BP, called for his dismissal, claiming that the business was floundering...
...witness in connection with another probe into tax evasion at a firm later absorbed into TNK-BP; and dozens of the company's foreign staff may have to leave Russia after authorities nixed requests to renew their work permits. BP suspects AAR may be behind the regulatory squeeze; the consortium insists that's nonsense...
...next decade or so, Wroblewski, 48, worked full time as a developer for such companies as Honeywell, where he toiled in the avionics division, writing code for a gyroscope with no moving parts; and MCC, in Austin, Texas, the nation's first computer research consortium, where he worked in the natural language processing group on AI. How many best-selling novelists can you name with a patent? He's one of three guys who were awarded Patent 5,339,391 for "Computer Display Unit with Attribute-Enhanced Scroll Bar." (If you'd like more evidence of his geek bona fides...
Since that April temblor, the governors of Illinois and Missouri have formed task forces to assess earthquake preparedness. "We know we're racing with time to get our communities prepared," says Jim Wilkinson, executive director of the Central United States Earthquake Consortium. One of the things the state commissions are likely to discuss is whether to follow the lead of Kentucky, which requires companies that sell homeowners insurance to offer earthquake insurance without question. In the meantime, however, State Farm, the nation's leading home insurer, has imposed a 30-day moratorium on new earthquake-insurance policies in much...