Word: corpe
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Dates: during 2000-2009
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...China Eastern Airlines, China's third largest carrier by revenue, was hailed as an example of capitalism invading the country's tightly controlled airspace. China Eastern was entertaining an offer by Singapore Airlines to buy 24% of the company for $920 million when a rival bidder, China National Aviation Corp. (CNAC), parent of flag carrier Air China, swooped in with a promise to beat that offer. In an uncharacteristic move, airline-industry regulators in Beijing said they would allow China Eastern's shareholders to settle the matter...
...ideas but light on R&D and existing technology - the idea has already sparked interest elsewhere. Agassi says he is speaking to 15 other countries, many of which, like Israel, relish the idea of reducing their dependency on the world's oil-producing nations. Idan Ofer, chairman of Israel Corp., the Tel Aviv-based industrials conglomerate that provided Better Place with half of its $200 million funding, has his sights set on China. Israel Corp. already has a joint venture with the Chinese automaker Chery, and if Agassi's plan works in Israel, says Ofer, "it will work even better...
...players are starting to take notice too. "It's not a significant part of our business, but there is enough there for me to take someone and have half their time devoted to making vinyl a real business," says John Esposito, president and CEO of WEA Corp., the U.S. distribution company of Warner Music Group, which posted a 30% increase in LP sales last year. In October, Amazon.com introduced a vinyl-only store and increased its selection to 150,000 titles across 20 genres. Its biggest sellers? Alternative rock, followed by classic rock albums. "I'm not saying vinyl will...
...mining industry for its rich mineral deposits. Danchon reflects the somber reality - but also the potential - of doing business in North Korea. The transportation infrastructure in the region is dilapidated, the power supply unreliable. But some companies are willing to take the risk. Four years ago, Wonjin Worldwide Corp., a Seoul-based mining company, formed a joint venture to mine and smelt Danchon's graphite, a heat-resistant material used in steelmaking and other industrial applications. The first shipment of 200 tons of graphite arrived in the South's port of Inchon in mid-December, and despite the problems...
...just the prospect of riling trade partners that is persuading SWFs to curb high-profile foreign investments. To much fanfare, China's fledgling SWF, China Investment Corp. (CIC), earlier this year invested in the Blackstone Group shortly before the big New York City private-equity firm went public. But Blackstone's share price has sunk 38% below its June 2007 listing price of $31, costing CIC more than $1 billion. That pratfall appears to have prompted CIC to rein in its ambitions. Instead of making splashy investments in the U.S. and Europe, the fund is now looking closer to home...