Word: corp
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...Gained a windfall after his mother sold his father's company, Prince Corp., for $1.3 billion...
...good reason to be nervous. With sales running at less than 10 million units annually - the lowest level in more than three decades - there is still a mountain of inventory sitting with dealers around the U.S. despite deep cuts in production, not only by the bankrupt General Motors Corp. and Chrysler Group LLC, but also by companies such as Toyota, Ford and Nissan. (See the 50 worst cars of all time...
...study, Faced with a Gun, What Can You Do?, raises questions about the involvement of nearly 240 companies spanning the mineral, metal and technology industries. It specifically fingers four main European and Asian companies as open buyers in this trade: Thailand Smelting and Refining Corp. (owned by British Amalgamated Metal Corp.), British Afrimex, Belgian Trademet and Traxys. And it questions the role of others further down the manufacturing chain, including prominent electronics companies Hewlett-Packard, Nokia, Dell and Motorola. Even though the companies may be acting legally, Global Witness criticizes their lack of due diligence and transparency standards at every...
British Amalgamated Metal Corp. (AMC) firmly denies the accusations, citing its standing objective to improve visibility so that warring parties do not benefit from trade. "We are disappointed with the number of inaccuracies and omissions in the report and are concerned that all the facts should be properly represented in a balanced way," AMC said. The company statement went on to say, "We are concerned that Global Witness' approach will lead to a de facto ban on the trade which we do not believe is in either the short term or the long term interests of the Congo either economically...
...Some analysts think that historical legacy can still be exploited. A 2007 report by the Rand Corp., a U.S. think tank, advised Western governments to "harness" Sufism, saying its adherents were "natural allies of the West." Along similar lines, the Algerian government announced in July that it would promote the nation's Sufi heritage on radio and television in a bid to check the powerful influence of Salafism, a more extreme strain of Islam that is followed by al-Qaeda-backed militants waging a war against the country's autocratic state...