Word: consortiums
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...national security, the spat threatens already tense U.S.-E.U. relations, and could hurt the huge aerospace industries - and their hundreds of thousands of employees - on either side of the Atlantic. It's been a high-flying journey for Airbus, a company founded in 1970 as a government-backed consortium to forge a European answer to America's hegemony in civil aviation. Although the firm struggled during its first decade, funding from France, Germany, Spain and Britain helped keep it afloat - and still provides assistance today, though the company is flourishing. Airbus, which is owned by the Franco-German-based conglomerate...
...unprecedented response in terms of corporate giving," Bland told Time. "It's really struck a chord." BT has sent seven telephone engineers to Indonesia; another six leave this week. The company also donated $934,000 to Britain's Disasters Emergency Committee and provided 150 volunteers to answer the charity consortium's phones. Among Europe's biggest corporate donors is Germany's Deutsche Bank, which wrote a check to a relief fund for €10 million. Deeply moved upon his return from flood-damaged regions of India on Jan. 4, chief executive Josef Ackermann learned that the bank's employees...
...Schröder cut short his holiday to help direct relief efforts and pledged $27 million in aid; France promised $56 million and sent Foreign Minister Michel Barnier to Thailand; Sweden offered $76 million; and the British government kicked in $96 million. Britons raised another $114 million for a consortium of charities by Saturday. Corporations throughout Europe made donations, often matching their employees' contributions. Austria, Norway and Sweden were among the countries that declared national days of mourning, and most countries set up hot lines for relatives. Many organized airlifts to evacuate their citizens, Britain sent two warships, and planes...
...ease profit pressure at home through global acquisitions. Guangdong-based TCL last year bought the television arm (including the RCA brand) of French electronics giant Thomson. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. Says Arthur Kroeber, managing editor of the China Economic Quarterly, of the dealmaking: "It's not a silly gamble, but it is high risk...
...addition to Harvard and the Smithsonian, the consortium includes Carnegie Observatories, the University of Arizona, the University of Michigan, the University of Texas at Austin, the Massachusetts Institute of Technology and Texas...