Word: corpe
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Dates: during 2000-2009
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Things were not looking good for R.G. Barry Corp., and that was before the plant manager was taken hostage. The $125 million company in Pickerington, Ohio, has been making Dearfoams slippers--sold mostly in department stores like J.C. Penney, Sears and Wal-Mart--since 1947. With the son of a founder presiding as chairman for 40 years, the company peaked in the mid-'90s with sales of $150 million and its stock price at $25. By mid-2003, Barry had lost $20 million, sales were plummeting, its stock was at $2.08, and it was in default on a $10 million...
...states, though, are aiming higher. On May 20, the Chinese government said that it was paying $3 billion for just less than 10% of the Blackstone Group, the U.S.'s leading private-equity firm, which owns everything from Freescale Semiconductor to Michaels Stores. The next day, Saudi Basic Industries Corp. said it was buying General Electric's plastics division--the storied operation based in Pittsfield, Mass., where former GE boss Jack Welch earned his stripes--for $11.6 billion...
These deals--unlike recent debacles in which the China National Offshore Oil Corp. failed in an attempt to buy Unocal and Dubai Ports World bought and then had to give up control of several U.S. ports--appear to have profiles low enough to avoid political opposition. Make no mistake, though: foreign investors' presence in the U.S. is only going to grow...
...firm, Connetics Corp., offered two free samples to the Harvard researcher and wanted to negotiate a long-term sample-sharing arrangement...
...Pravin put enormous pressure on himself to be a success. Smita came from a middle-class family far wealthier than his own. Her father had been an operator at India's National Thermal Power Corp., a job that paid well and enabled him to give all his four daughters a good education. Pravin wanted to keep Smita the way her father had. His motorbike, a black-and-gold 97-cc Hero Honda Splendor Plus, cost him just over $1,000, a fortune considering he made just a few hundred dollars a year. "I told him it was not affordable...