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...Atorino, a managing director at Benchmark, a brokerage firm in New York City. "Everybody thinks the Internet is the only place where things are happening, but the women's magazine field is not getting the attention that it deserves." Ad revenues in Black's division, a unit of Hearst Corp., have tripled since she took over, soaring to $2.5 billion in 2006, from $841 million in 1996. The magazines are being powered by the rising incomes and aspirations of women, the prime consumers of lifestyle, fashion and celebrity titles...
...addition to the price increase, which went into effect Thursday, the government also said it will require the country's biggest refiner, state-owned China Petroleum & Chemical Corp., known as Sinopec, to increase output and imports of oil products. Sinopec said Wednesday it will run its refineries at full capacity in November, bearing "heavy losses" to guarantee market supply. It will also halt all exports of gasoline and diesel for the time being. As in the past, however, any losses will likely be covered by billions of dollars in government subsidies...
...mention at the recruitment session: The bank plays an important role in underwriting the supporters of Sudan’s genocidal government.The Swiss-based bank is arranging a massive stock offering that could raise more than $8.9 billion for PetroChina, the publicly-listed arm of the China National Petroleum Corp. UBS and PetroChina/CNPC hope that the stock offering will be the largest in Chinese securities-exchange history. Earnings from the stock offering will fund new PetroChina/CNPC projects across the world. And one of the company’s chief growth areas is Sudan, where it has allied with the government...
...stake in Front Line Management, an agency that represents such acts as Christina Aguilera, Jimmy Buffett and Aerosmith, when rumors swirled that Live Nation wouldn't renew its contract. Warner, for its part, has been looking around for partners, potentially hooking up with none other than IAC/ InterActive Corp, Ticketmaster's parent, as a way to counter Live Nation's proposal to manage all of Madonna's concerts and album releases. And earlier this summer Warner Music formed a joint venture with Violator Management, a firm that negotiates roles for rappers in films, advertisements, video games and TV programs...
...state pension fund is invested in Chevron Corp., which has operations in Myanmar, according to Rushing...