Word: corp
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...past few months, Canada's telecom industry has been a cautionary tale. It's now increasingly likely that Nortel Networks Corp., the biggest maker of telephone equipment on the continent, will emerge from bankruptcy stripped of many of its most valuable assets along with its ambitions to be a world beater. Meanwhile, Montreal-based BCE Inc., parent of the country's biggest telco, Bell Canada, has continued its slide since a record $42.1 billion deal to privatize the company was abruptly killed in the final weeks...
...Companies that are majority owned by the government include some familiar names, among them China Mobile, the world's largest mobile phone company by subscribers, Baoshan Steel and China National Petroleum Corp. The role they play in China's hybridized economy appears to be expanding due to the global slump. As Beijing fights recession with a $586 billion stimulus package and as banks boost lending at the behest of the government, the private sector looks to be getting squeezed out. Loans to private firms in January totaled $61.7 billion, down $102.5 million from the previous month, even as total lending...
...finished last year with about 50,000. The subscription rate listed on its website is $36. (Subscribe now and save $84 on the cover price!) And only 3% of its copies were newsstand sales, so it's not like that was a big business anyway. Sandow Media Corp., which bought Worth last year, also publishes Luxe (high-end design), True Beauty (high-end cosmetics) and Watch Journal (high-end wristwear). So the company probably feels it has a good read on the pulse of the prosperous...
Everybody has Apple envy - even Larry Ellison. The dashing playboy founded Oracle Corp., whose relational database software makes it the 137th largest company in the world. Ellison, who likes to pilot old fighter jets and lives in a faux Japanese-style mansion, is one of the richest men in the world and another of the great, big personalities of Silicon Valley. Just like his old buddy, Steven P. Jobs. So it was at once surprising - and not - when the news broke this morning that Oracle intends to purchase Sun Microsystems, for around $7.4 billion...
...month ago, but says he plans to stay in Japan and work. Freitas says that there would be no problem if the Japanese government set a term of, say, three years, after which Brazilians who took the money could return. But after nine years working at Suzuki Motor Corp., he thinks that the government should continue to take responsibility for foreigners in Japan. "They have to help people to continue working in Japan," he says. "If Brazilians go home, what will they do there...