Word: consortiums
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Airbus, which was formed as a consortium of manufacturers, has long been a company that thrived on a shared approach, although most of what it is sharing now is pain. The company's woes--ranging from 10,000 announced layoffs this past spring to the two-year production delays (costing an additional $3 billion) of the A380 have wiped out the lead it had on Boeing. Total orders so far this year show Boeing with 701, 13 more than Airbus. In the weeks following the highly publicized 787 rollout on July 8, Boeing posted its largest quarterly profit in nearly...
...Chekhov's hell become red-hot? The answer is oil, lots of it, along with enough natural gas to power Tokyo - which, actually, is where most of it will be going. Sakhalin Energy (SE), an international consortium led by Shell and the Russia's state-owned Gazprom, is spending $20 billion to mine the waters around Sakhalin; one executive says the island could eventually become as important to the industry as the Gulf of Mexico. SE is finishing a pair of underground 500-mile pipelines down the spine of the island that will deliver oil and natural...
...fight for one of Europe's biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek--which will put up an initial $1.9 billion--CDB will fork over $3 billion for a stake in Barclays, the British bank locked in a struggle with a consortium led by Royal Bank of Scotland (RBS) to acquire Amsterdam-based ABN Amro. If Barclays increases its $94 billion cash-and-stock bid--unlikely unless Barclays' stock price rises--to beat RBS's $98 billion offer, CDB will boost its stake in Barclays to $13.5 billion, making...
...better answer, leading MS scientists in the U.S., including Hafler, teamed up with researchers in England and formed the International Multiple Sclerosis Genetics Consortium in 2002. The plan was to take their genetic study to the next level. So, they pooled their resources and examined the entire genomes of more than 2,000 MS sufferers, their families and control subjects. "People had been studying the genetics of MS for 20 years, and nothing had come out of it," says Hafler. "I felt we needed a genetic roadmap to show us what pathways to study that would help to explain...
...fight for one of Europe's biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek - which will invest an initial $1.9 billion - CDB will fork over $3 billion for a stake in Barclays, the British bank now locked in a struggle with a consortium led by Royal Bank of Scotland (RBS) to acquire Amsterdam-based ABN Amro. If Barclays' $94 billion cash-and-stock bid prevails against RBS's $98 billion offer, CDB will boost its stake in Barclays to $13.5 billion, making it by far the biggest Chinese offshore investment ever...